---

About this position

The Strategic Sourcing Analyst is responsible for developing and implementing sourcing strategies, conducting cost analysis, managing negotiations and contracts, monitoring performance, and collaborating with cross-functional teams to align procurement strategies with organizational goals.

Responsibilities

• Create and implement sourcing policies that align with the organization’s goals.
• Develop long-term sourcing strategies to optimize procurement and maximize ROI.
• Create and execute efficient sourcing and category management strategies by prioritizing based on factors like cost, impact on operations, and strategic importance.
• Analyze categories and market trends and conditions from internal and external data and identify the right sources of information to understand the impact on supply chain activities.
• Incorporate sustainability and ethical considerations into sourcing decisions.
• Utilize procurement software and tools to streamline processes, enhance data analysis, and improve decision-making.
• Study and implement the best practices for strategic sourcing that can help create a more efficient, resilient, and strategic procurement function.
• Analyze procurement expenditure and create cost estimates and forecasts.
• Develop strategies to reduce expenditure.
• Focus on total cost of ownership (TCO) to evaluate lifecycle costs, maintenance, and long-term supplier value.
• Perform cost and scenario analysis, and benchmarking to optimize procurement processes.
• Negotiate fair and cost-effective supply long-term agreement.
• Manage and oversee the execution of a long-term agreement to ensure compliance and performance.
• Identify and mitigate risks associated with the supply chain and develop strategies to mitigate them.
• Develop contingency plans to address potential disruptions in the supply chain.
• Track key performance indicators (KPIs) such as on-time delivery, product quality, and cost savings.
• Regularly monitor procurement performance and seek opportunities for improvement. This helps maintain high standards and adapt to changing needs.
• Work closely with the cross-functional teams and stakeholders to understand their needs and ensure alignment with procurement strategies.
• Lead collaboration efforts with the cross-functional teams to integrate procurement processes with overall business objectives.
• Maintain open and transparent communication with all stakeholders involved in the sourcing process. This ensures alignment and smooth execution.

Requirements

• Bachelor’s Degree preferably in Engineering, Business, or Logistics. Alternatively, a relevant combination of formal (procurement-related) qualifications and additional specialized studies.
• At least 2-3 years of work experience in procurement or a related industry with proven good analytical & logical thinking skills.
• Excellent knowledge of Microsoft (e.g., Excel). Proficiency in procurement software and tools (e.g., ERP, SAP, etc.).
• Excellent English language in both writing and speaking.
• Strong negotiation, deep analytical, and strategic thinking skills.
• Combination with the technical and commercial knowledge and self-research including a broad understanding of market dynamics.

Benefits