Procurement Analyst Job Description

Procurement analysts are specialized employees who seek manufacturing companies who produce products based on need or demand.

Procurement analysts seek companies that can produce products based on need or demand.

They analyze different parts, materials, and costs for a product and negotiate contracts with manufacturers.

Procurement analysts also work with the engineers and other staff on making sure that a manufacturer is producing the product correctly.

Updated on:     
October 7, 2022

Job Brief:

We're looking for a Procurement Analyst to join our team. You will be responsible for analyzing data to help our team make informed decisions about purchasing goods and services. If you have strong analytical skills and are interested in helping our team save money, then we want to hear from you!

Procurement Analyst Duties:

  • Analyze and evaluate the procurement process
  • Provide cost, quality, and contract analyses
  • Recommend methods of procurement and contract management
  • Identify and document vendor needs
  • Research and evaluate vendors to ensure best pricing, quality, and service
  • Acquire new vendors, negotiate contracts, and manage vendor relationships
  • Develop procurement strategy based on the organization’s short and long term objectives
  • Plan and coordinate procurement activities
  • Provide vendor selection recommendations
  • Promote and oversee implementation of policies and procedures for procurement
  • Perform other duties as assigned

Procurement Analyst Responsibilities:

  • Manages the procurement process to ensure materials, services, and contracts are delivered in an efficient manner
  • Performs cost analysis and forecasting while reviewing purchase requisitions, contracts, purchase orders, invoices, and credit memos
  • Reviews construction projects for compliance with specifications and work orders, and verifies that documentation is complete and accurate
  • Provides budgetary and forecasting information to management and other team members, and prepares cost reports on activities
  • Maintains inventory control systems and implements changes as directed
  • Performs analysis, design, and programming of computerized systems
  • Negotiates contracts with vendors, suppliers, and subcontractors
  • Maintains vendor and supplier performance, and monitors compliance with company policies
  • Performs other duties as assigned

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Requirements And Skills:

  • Bachelor’s degree in business, management, or finance
  • 1-5 years’ procurement experience, preferably in the construction industry
  • Knowledge of procurement methods, procedures, and techniques
  • Experience in analyzing and interpreting RFP responses
  • Knowledge of estimating, cost

Company Name adheres to equal opportunity employment practices and is devoted to assembling a diverse, inclusive team. We appreciate applications from all races, religions, national origins, genders, , , gender expressions, and ages. We also value veterans and individuals with different abilities.