Procurement Analyst

Role & responsibilities:

• Ensuring procurement of material at the optimal price point and fastest delivery schedule and ensure continuity of supply
• Analyze market trends and identify opportunities to reduce costs, improve efficiency, and enhance value.
• Collaborate with Quality Assurance teams to ensure packaging materials meet company standards and regulatory requirements
• Communicate effectively with internal stakeholders, including sales, marketing, and operations teams, to ensure alignment and effective collaboration.
• Analyze procurement data, market trends, and supplier performance to inform strategic decisions and drive continuous improvement.

Key Responsibilities

• Strategic Procurement Planning: Develop and implement comprehensive procurement strategies for packaging materials, aligned with business objectives and market trends.
• Supplier Management: Identify, evaluate, and manage a portfolio of suppliers to ensure a stable and high-quality supply chain.
• Contract Negotiation: Negotiate contracts with suppliers to achieve optimal pricing, payment term, and delivery schedules.
• Cost Management: Analyze market trends and identify opportunities to reduce costs, improve efficiency, and enhance value.
• Quality Assurance: Collaborate with Quality Assurance teams to ensure packaging materials meet company standards and regulatory requirements.
• Inventory Management: Work with logistics and operations teams to manage inventory levels, minimize waste, and optimize stock levels.
• Risk Management: Identify and mitigate potential risks in the supply chain, such as supplier insolvency, natural disasters, or regulatory changes
• Stakeholder Management: Communicate effectively with internal stakeholders, including sales, marketing, and operations teams, to ensure alignment and effective collaboration
• Data Analysis: Analyze procurement data, market trends, and supplier performance to inform strategic decisions and drive continuous improvement.
• Compliance: Ensure compliance with company policies, regulatory requirements, and industry standards.