Data Analyst Procurement

Company: SCOPE Recruiting
Location: Jericho
Posted on: May 15, 2022

Job Description:

Our Client has an exciting opportunity for a Procurement Data Analyst. The Procurement Data Analyst will be responsible for leading the execution of quantitative analyses in support of department initiatives, the Member Success and Member Engagement teams, Contracts teams, and select member institutions. The Strategic Sourcing Analyst will drive analytical efforts by conducting spend analyses, developing cost baselines, building competitive solicitation market basket item lists, performing contract benchmarking, and all other types of quantitative analyses required in the sourcing process for a broad range of spend categories. The Strategic Sourcing Analyst will work under the direction of the Sourcing Insights & Analytics Director, independently with minimal direction.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Provide quantitative leadership, expertise and support to any and all objectives related to spend analysis and strategic sourcing. Objectives will range in complexity and vary from project to project but will broadly include performing spend analysis at various levels of detail, creating bid lists/item market baskets and measuring cost savings.

Lead and execute the procurement data collection and data management process for various analytics initiatives. Procurement data can include contract documents, AP payment data, PO data, supplier usage and external benchmarks. Initiatives can include price comparison of Client's contract vs members contract, RFP/Contract development, Spend Cube enhancement, or contract benchmarking. The process will include facilitating requests for specific information from member institutions and/or suppliers, researching and identifying available relevant external data sources, or extracting data directly by means of a detailed source document review.

For each initiative, the Strategic Sourcing Analyst will be responsible to:
Determine the amount of data preparation work needed
Decide the sufficient data work and analysis needed to accomplish the objective set
Determine the applicability of the approach used in data collection and assess the data constraints presented o Consolidate, normalize, cleanse and manage all the data collected
Develop and create analyses using the data collected and prepared, in accordance with the agreed objectives
Analyze, summarize, document, report and present findings, in detail and summary levels, as well as be available to address any follow-up questions from E&I Staff and Member Institutions.
Assist in identifying appropriate questions and decisions on RFP pricing strategy
Execute contract benchmarking and all other types of quantitative analyses required in the sourcing process for a broad range of spend categories
Participate in RFP and contract business review meetings, assist in identifying appropriate questions and decisions on RFP pricing strategy, and address any follow-up questions from E&I Staff and Member Institutions.
Collaborate with supplier partners and others to understand and incorporate custom contract pricing into analyses related to specific assignments.

The Procurement Data Analyst will support Member 'Strategic Spend Assessments' by:
Assisting the Member Engagement team with member requests for annual spend data
Implementing all required steps to capture, cleanse, enrich, and categorize member spend data
Developing and presenting spend profile and cost savings opportunity reports
Facilitating review of data analytics with Member Engagement team
Leading all data analytics discussions during member engagements
Conducting internal price analyses, as necessary, and managing data transfer/results capture during supplier-led price analyses

EDUCATION and/or EXPERIENCE:
Bachelor's Degree in Finance, Accounting, Economics, Operations Management, Supply Chain, Statistics, or Applied Mathematics is highly desired
Minimum of 5 years of experience in a business-related field requiring quantitative skills
Work experience in procurement or strategic sourcing related job highly preferred
Must have a mastery of Microsoft Excel software
Microsoft Access software experience preferred
Must be proficient with Microsoft PowerPoint, Word
Spend Management and Solutions/Tools/Application experience highly preferred
Must have an understanding of data sampling, analysis, and visualization techniques and approaches Must exhibit excellent communication skills, both verbal and written
Demonstrated ability to work with others both internally and externally
Requires a working knowledge of the procurement function
Ability to multitask and prioritize
Requires 15% travel

Our Client offers a competitive salary and a comprehensive benefits package which includes Medical, Dental, Vision, Life & AD&D Insurance, LTD, STD, FSA, 401(k) plus an employer contribution and other company-sponsored benefits. In addition, E&I offers a flexible work schedule.

Keywords: SCOPE Recruiting, New Rochelle , Data Analyst Procurement, Professions , Jericho, New York