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- Tasks: Research and analyse marketplace data to optimise supply chain processes.
- Company: Join a dynamic team focused on innovative sourcing solutions.
- Benefits: Enjoy flexible work options, competitive pay, and professional development opportunities.
- Why this job: Make an impact by improving supply chain efficiency and vendor relationships.
- Qualifications: Requires an Associate's Degree and 2 years of relevant experience.
- Other info: Ideal for those passionate about negotiation and supply chain management.
The predicted salary is between 28800 - 43200 £ per year.
As an Analyst – Sourcing, you will be responsible for researching, analyzing and evaluating marketplace data of vendors, manufacturers and suppliers and in providing business appropriate recommendations based on this analysis. You will manage a supply chain for goods or materials that ensure high material availability at the lowest possible total ownership cost to client operations. You will act as the primary contact to current and potential outside suppliers. You will manage the supply chain processes for a given commodity, including the development of inventory strategy, such that its effectiveness/efficiency is continually improved.
Responsibilities:
- Negotiates contract elements, including terms and conditions, pricing, and lead-time.
- Manages suppliers’ performance, including support, development and monitoring of supplier performance metrics.
- Negotiates expected supplier performance metrics and develops and administers corrective action plans for performance failures.
- Prepares, distributes and awards RFQ blankets and reviews expiring blankets for re-bid.
- Determines, loads and updates pricing and lead times in purchasing database.
- Drives suppliers to electronic and automated interface andanalyzes spend and product mix for standardization opportunities.
- Serves as customer contact and alliance manager for supply chain issues.
- Develops and maintains professional knowledge regarding the market drivers, market trends, economic forecasts, supplier base, and competitive intelligence.
- Analyzes material demand and determines inventory strategy or alternative supply chain strategies for maintaining high material availability at the lowest total ownership costs.
- Functions as team leader and facilitator for supplier negotiations, engineering standardization meetings, category strategy development, etc.
- Communicates and coordinates supplier strategies with sales engineer.
- Ensures commodity and inventory strategies are aligned with key customer initiatives and metrics.
Qualifications:
- Associates’ Degree (U.S.)/College Diploma (Canada) required; Bachelors Degree preferred
- 2 years required, 4 years preferred of related work experience
- Strong computer skills, including Micro Soft office
- Effective skills in contract negotiation and implementation
- Performance management and negotiation skills
- Demonstrated business acumen, customer awareness, and ability to create value
- Purchasing and ERP systems (Citrix, MAPS, PassPort, E-max)
- Supply chain management, customer service, and vendor management
- Ability to manage conflict, build consensus, establish trust, communicate effectively, and foster cultural change
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Analyst - Sourcing employer: WESCO Distribution
Contact Detail:
WESCO Distribution Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Analyst - Sourcing
✨Tip Number 1
Familiarise yourself with the latest trends in supply chain management and sourcing. Understanding current market drivers and economic forecasts will not only enhance your knowledge but also demonstrate your commitment to the role during interviews.
✨Tip Number 2
Network with professionals in the sourcing and supply chain industry. Attend relevant events or join online forums where you can connect with others in the field. This can lead to valuable insights and potential referrals for job opportunities.
✨Tip Number 3
Practice your negotiation skills, as they are crucial for this role. Consider role-playing scenarios with friends or colleagues to build confidence in negotiating contract terms and supplier performance metrics.
✨Tip Number 4
Research StudySmarter's values and culture. Tailoring your approach to align with our mission can set you apart from other candidates. Show us how your personal values resonate with what we stand for during your interactions.
We think you need these skills to ace Analyst - Sourcing
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in sourcing, supply chain management, and contract negotiation. Use specific examples that demonstrate your skills in analysing marketplace data and managing supplier performance.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the Analyst - Sourcing position. Discuss how your background aligns with the responsibilities outlined in the job description, particularly your experience with inventory strategy and supplier negotiations.
Showcase Relevant Skills: Emphasise your strong computer skills and familiarity with purchasing and ERP systems. Mention any specific software you have used, such as Citrix or MAPS, to demonstrate your technical proficiency.
Highlight Achievements: Include quantifiable achievements in your application, such as cost savings achieved through effective supplier negotiations or improvements in material availability. This will help illustrate your impact in previous roles.
How to prepare for a job interview at WESCO Distribution
✨Research the Company and Industry
Before your interview, make sure to thoroughly research the company and its position in the sourcing and supply chain industry. Understand their key suppliers, market trends, and any recent news that may impact their operations. This knowledge will help you demonstrate your interest and show that you're proactive.
✨Prepare for Negotiation Scenarios
Given the role's focus on contract negotiation and supplier performance management, be ready to discuss your negotiation strategies. Prepare examples from your past experiences where you successfully negotiated terms or resolved conflicts. This will showcase your skills and confidence in handling similar situations.
✨Showcase Analytical Skills
As an Analyst - Sourcing, your ability to analyse data is crucial. Be prepared to discuss how you've used data analysis in previous roles to inform decisions or improve processes. Bring examples of how your analytical skills have led to successful outcomes in supply chain management.
✨Demonstrate Effective Communication
Since the role involves acting as a primary contact for suppliers and coordinating with various teams, effective communication is key. Practice articulating your thoughts clearly and concisely. You might also want to prepare to discuss how you've built relationships with vendors or managed stakeholder expectations in the past.
