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- Tasks: Manage procurement processes and evaluate supplier performance to ensure cost-effectiveness.
- Company: Join a leading brokerage known for its commitment to quality and compliance.
- Benefits: Enjoy a competitive salary of £35,000 and opportunities for professional growth.
- Why this job: Be part of a dynamic team that drives cost savings and optimizes supply chain activities.
- Qualifications: Bachelor’s degree in Business or related field preferred; 2+ years in procurement is a plus.
- Other info: Utilize tools like ServiceNow and Power BI to enhance operational efficiency.
The predicted salary is between 28000 - 42000 £ per year.
Procurement Analyst / London / £35,000
My client, a leading brokerage, is seeking a proactive and detail-oriented Procurement Analyst to join our team. This role will be responsible for managing procurement processes, evaluating supplier performance and SLAs, and ensuring cost-effectiveness while maintaining high standards of quality and compliance.
The successful candidate will use data analytics and relevant tools (ServiceNow, Office365, Teams, BI) to optimise supply chain activities, drive cost savings, and support sourcing delivery.
Key Responsibilities:
- Manage transactional sourcing activities, primarily focusing on IT products and services.
- Assist in negotiating contracts, pricing agreements, and supplier terms.
- Evaluate supplier performance using criteria such as price, quality, delivery, and service.
- Foster and manage supplier relationships.
- Participate in ad-hoc projects as directed by the Head of Procurement.
- Collect and analyse procurement data to identify trends, patterns, and opportunities for cost savings.
- Develop and maintain dashboards to monitor procurement metrics.
- Prepare detailed reports and presentations for internal stakeholders.
- Identify gaps in procurement processes and recommend improvements.
- Support the implementation of procurement best practices and tools to enhance operational efficiency.
- Ensure compliance with internal policies and external regulations (e.g., ISO9001/ISO27001, CSR, and audit requirements).
- Serve as a primary contact for procurement-related inquiries at all levels.
Qualifications & Experience:
- Bachelor’s degree in Business Administration, Finance, Supply Chain Management, or a related field (preferred).
- Experience with procurement systems, ERP/Service Desk tools, and analytics software (e.g., Excel or Power BI).
- 2+ years of experience in procurement, supply chain, or a similar role is advantageous.
Procurement Analyst / London / £35,000
Procurement Analyst employer: Insight Select
Contact Detail:
Insight Select Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Procurement Analyst
✨Tip Number 1
Familiarize yourself with the specific procurement tools mentioned in the job description, such as ServiceNow and Power BI. Having hands-on experience or even completing online tutorials can give you a significant edge during the interview.
✨Tip Number 2
Prepare to discuss your previous experiences in managing supplier relationships and negotiating contracts. Think of specific examples where you successfully improved supplier performance or achieved cost savings.
✨Tip Number 3
Stay updated on industry trends related to procurement and supply chain management. Being able to discuss current challenges and innovations in the field will demonstrate your proactive approach and passion for the role.
✨Tip Number 4
Practice your data analysis skills, especially in Excel and Power BI. Be ready to showcase how you've used data to drive decisions in past roles, as this is a key aspect of the Procurement Analyst position.
We think you need these skills to ace Procurement Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in procurement and supply chain management. Emphasize your familiarity with tools like ServiceNow, Office365, and BI, as well as any specific achievements in cost savings or supplier management.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific examples of how you've successfully managed procurement processes or improved supplier relationships in the past.
Highlight Analytical Skills: Since the role requires data analytics, be sure to showcase your analytical skills. Provide examples of how you've used data to drive decisions or optimize processes in previous roles.
Prepare for Interviews: If you get called for an interview, prepare to discuss your experience with procurement systems and your approach to evaluating supplier performance. Be ready to share insights on how you can contribute to the company's goals.
How to prepare for a job interview at Insight Select
✨Show Your Analytical Skills
As a Procurement Analyst, you'll be using data analytics to optimize supply chain activities. Be prepared to discuss your experience with tools like Excel or Power BI and provide examples of how you've used data to drive cost savings or improve processes.
✨Understand Supplier Evaluation Criteria
Familiarize yourself with the key criteria for evaluating supplier performance, such as price, quality, delivery, and service. During the interview, demonstrate your understanding of these factors and how you would apply them in real-world scenarios.
✨Highlight Your Negotiation Experience
Negotiating contracts and pricing agreements is a crucial part of this role. Share specific examples from your past experiences where you successfully negotiated terms with suppliers, focusing on the outcomes and benefits achieved.
✨Prepare for Compliance Questions
Since compliance with internal policies and external regulations is essential, be ready to discuss your knowledge of standards like ISO9001/ISO27001. Highlight any relevant experience you have in ensuring compliance within procurement processes.
