JOB DESCRIPTION



Job Title: Sourcing Analyst

Location: Vernon Hills, IL

Department: Sourcing

Reports To: Sourcing Director

Job Summary: The Sourcing Analyst is responsible for developing and executing sourcing initiatives in collaboration with Sourcing Managers.

This role involves data management, data analysis, spend reporting, vendor and commodity forecasts, quote analysis, and overall support for the sourcing team in day-to-day tasks for assigned categories.

Key Responsibilities:

• Sourcing Initiatives: Develop and execute sourcing initiatives, including data management, data analysis, spend reporting, vendor and commodity forecasts, and quote analysis.
• Collaboration: Work closely with R&D, Purchasing, Marketing, Brand Sourcing, Production, Plants, and Master Data teams to align projects and strategies with organizational objectives.
• Strategy Development: Assist in strategy development and execute sourcing strategies for assigned commodities, considering market dynamics, cost drivers, risk management, and internal requirements.
• Data Management: Collect, analyze, and update purchasing data, vendor master data, and material master data in SAP.
• Market Analysis: Conduct comprehensive market analysis, forecasting, competitive benchmarking, and industry analysis to identify emerging opportunities or risks and report to sourcing managers
• Reporting: Prepare reports, documentation, and presentations for management.
• Cost Reduction: Identify cost reduction opportunities, analyze cost structures, and contribute to cost savings and avoidance targets.
• Supplier Pricing: Manage supplier pricing database and handle pricing updates.
  
  Work with accounting teams to resolve invoice and inventory discrepancies.
• Supplier Management: In conjunction with the sourcing managers, build and maintain strong relationships with suppliers to ensure quality, delivery, and pricing standards are met.
  
  Research category trends, understand and evaluate supplier capacity to support business needs, and recommend new product capabilities.
• Negotiation: Assist with supplier negotiations related to costs of parts, tooling, and project timelines.
• Tactical Purchasing: Handle tactical purchasing activities such as expediting material and managing open PO issues.

• Bachelor's degree in Supply Chain Management, Business Administration, or related field preferred.
• Proven experience in sourcing, procurement, or supply chain management.
• Strong analytical skills and proficiency in data management and analysis.
• Excellent communication and negotiation skills.
• Proficiency in SAP and other relevant software.
• Ability to work collaboratively with cross-functional teams.

• Experience in market analysis and competitive benchmarking.
• Knowledge of cost drivers and risk management in sourcing.
• Strong organizational and time management skills