The Procurement Analyst supports the procurement function by analyzing purchasing data, supplier performance, and market trends to optimize sourcing strategies, control costs, and improve operational efficiency. This role works closely with procurement, finance, and operations teams to ensure data-driven decision-making and compliance with procurement policies.
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Analyze procurement and spend data to identify cost-saving opportunities and inefficiencies
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Prepare regular reports and dashboards on spend, supplier performance, and contract compliance
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Support sourcing initiatives, RFQs/RFPs, and supplier evaluations
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Monitor supplier pricing, lead times, and service levels
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Assist in contract analysis and track key contract milestones
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Conduct market research and benchmarking to support negotiation strategies
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Ensure procurement activities comply with internal policies and regulatory requirements
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Collaborate with finance to support budgeting, forecasting, and cost analysis
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Maintain accurate procurement data in ERP or procurement systems
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Support continuous improvement initiatives within the procurement function