Procurement Data Analyst
3 days ago
Role - Procurement Data Analyst
Experience - 2-5 Years
Work model - Hybrid (2 days in office, 3 days remote)
Roles and responsibilities:
- Data Collection and Management – Systematically collect, clean, and manage procurement-related data from various sources to ensure its accuracy and readiness for analysis.
- Data Analysis and Insights – Analyse procurement data to identify trends, patterns, and anomalies.Provide actionable insights to drive cost reduction, efficiency improvements, and strategic procurement decisions.
- Reporting and Visualization – Develop and maintain reports and dashboards that effectively communicate key metrics, findings, and insights to the procurement team and other stakeholders.
- Supplier Performance Monitoring – Monitor and report on supplier performance against defined KPIs to ensure contract compliance, identify risks, and assess opportunities.
- Market Research and Benchmarking – Conduct market research to stay informed about industry trends, pricing dynamics, and best practices.Benchmark against industry standards to identify areas for improvement.
- Cost Analysis and Savings Identification – Perform detailed cost analysis to identify areas for savings and efficiency gains. Work with procurement and finance teams to quantify savings opportunities and track realized savings.
- Procurement Strategy Support – Use data-driven insights to support the development and implementation of procurement strategies and initiatives.Assist in scenario analysis and modelling to forecast the impact of strategic decisions.
Must have skills:
- Bachelor’s degree in supply chain management, Business Analytics, Economics, Statistics, IT or a related field.
- 5+ years of relevant work experience in a data analysis role within the function of Procurement or Supply Chain.
- Basic cost modeling experience
- Advanced analytical skills, expert level proficiency with analytics and visualization tools.
- Strong project management & strategic thinking skills.
- Organizational skills allowing multiple projects to be managed simultaneously in a fast-paced environment.
- Experience working with ERP systems (preferably Oracle) and related business data warehouses.
- Knowledge in source to pay process.
- Capability to think strategically and align data analysis with broader procurement and business strategies.
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