Procurement Business Analyst
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Job Location:
Monthly Salary:
Experience Required:
Posted on:
7 hours ago
Vacancies:
1 Vacancy
Job Summary
NOTE: This is a hybrid role - Candidate must reside in the Chicagoland area with the ability to work from the office as needed.
The Procurement Business Analyst is a critical high-impact role that bridges the gap between procurement operations data analytics and strategic business goals. This individual is responsible for transforming raw procurement data into actionable insights that drive cost savings mitigate risk and optimize the procure-to-pay (P2P) lifecycle. This role involves analyzing complex datasets identifying spending trends monitoring supplier performance and supporting strategic sourcing initiatives. The ideal candidate is a highly analytical problem-solver with a strong understanding of procurement processes and a talent for communicating complex information to diverse stakeholders.
Key Responsibilities:
Data Analysis & Reporting:
- Develop maintain and enhance procurement dashboards and reports (e.g. in Power BI or Tableau) to track key performance indicators (KPIs) such as cost savings supplier performance contract compliance and spend under management.
- Conduct in-depth analysis to identify cost-saving opportunities sourcing efficiencies and areas for supplier consolidation.
- Provide analytical support for RFP RFQ and RFI processes helping to evaluate supplier bids and total cost of ownership (TCO).
- Conduct market intelligence research to identify supplier trends commodity price fluctuations and potential risks providing valuable insights to category managers.
Process Improvement:
- Analyze and map existing procurement processes (e.g. requisitioning purchasing invoicing) to identify bottlenecks inefficiencies and opportunities for automation.
- Collaborate with IT and business units to help gather requirements for and implement improvements to procurement systems (e.g. ERP P2P platforms).
Supplier & Contract Management:
- Develop and monitor supplier performance scorecards analyzing data to ensure suppliers are meeting contractual obligations and performance targets.
- Analyze contract compliance identifying off-contract spending and working with stakeholders to drive adherence to preferred supplier agreements.
Stakeholder Collaboration:
- Act as the primary analytical partner for the procurement team finance and key business departments.
- Translate complex data findings into clear concise and compelling recommendations for non-technical audiences to support decision-making.
Skills and Knowledge:
Required:
- Education: Bachelors degree in Business Administration Finance Supply Chain Management Data Science or a related field.
- Experience: 3-5 years of experience in a business analyst data analyst or procurement role.
Technical Skills:
- Advanced proficiency in Microsoft Excel (e.g. Pivot Tables complex formulas data modeling).
- Experience with data visualization tools (e.g. Power BI Tableau Qlik).
- Proficiency with SQL for data extraction and manipulation.
- Familiarity with ERP or P2P systems (e.g. SAP Oracle Coupa Ariba).
- Experience managing large datasets use of AI tools and data management best practices
Preferred:
- Experience in a manufacturing electronics or tech environment.
- Professional certification (e.g. CPSM CSCP IIBA-PBA).
- Demonstrable project management skills.
Target Base Salary Range: $80000.00 - $95000.00
Requirements
Bachelors degree in Business Administration Finance Supply Chain Management Data Science or a similar business field.
Experience: 3 years of experience in a business analyst data analyst procurement role or supply chain experience.
Legal authorization to work in the U.S. indefinitely is required. Employer work permit sponsorship is not available for this position.
Travel Requirements
Under 10%
Relocation Provided
None
Position Type
Benefits
Incentive Bonus Plans
Medical Dental Vision benefits
401K with Company Match
10 Paid Holidays
Generous Paid Time Off Packages
Employee Stock Purchase Plan
Paid Parental & Family Leave
and more!
Required Skills:
Required: Education: Bachelors degree in Business Administration Finance Supply Chain Management Data Science or a related field. Experience: 3-5 years of experience in a business analyst data analyst or procurement role. Technical Skills: Advanced proficiency in Microsoft Excel (e.g. Pivot Tables complex formulas data modeling). Experience with data visualization tools (e.g. Power BI Tableau Qlik). Proficiency with SQL for data extraction and manipulation. Familiarity with ERP or P2P systems (e.g. SAP Oracle Coupa Ariba). Experience managing large datasets use of AI tools and data management best practices Preferred: Experience in a manufacturing electronics or tech environment. Professional certification (e.g. CPSM CSCP IIBA-PBA). Demonstrable project management skills.
Required Education:
Education: Bachelors degree in Business Administration Finance Supply Chain Management Data Science or a related : 3-5 years of experience in a business analyst data analyst or procurement role.
Company Industry
IT Services and IT Consulting
Key Skills
- Purchasing
- Procurement
- Vendor Management
- HR Sourcing
- Lean
- Pivot tables
- SAP
- Asset Management
- Supply Chain Experience
- Microsoft Excel
- Financial Management
- Contracts
