Sourcing Analyst

Job Title
Sourcing Analyst
Job Description
I. Job Summary | Major goals and objectives.
The position will be responsible for driving continuous improvement of procurement activities across the organization. The Sourcing Analyst will develop and interpret spend analytics, establish cost saving initiatives, conduct supplier market assessments, develop and manage formal RFP events, negotiate competitive pricing and contract language, and deliver organizational improvements via cost reductions and supplier added values. The position also supports the capital expense management program, including system administration and sourcing events. The position requires ongoing collaboration with various business groups and leaders to identify strategic sourcing needs and opportunities. Strong analytical, contract negotiation, sourcing, communication, presentation, and vendor relation skills are required of this position.
II. Essential Job Functions
Weight %: Accountabilities, Actions and Expected Measurable Results
50%

• Drive continuous procurement improvement:
• Develop and interpret financial analysis that drive continuous operational improvements
• Establish strategic sourcing initiatives
• Deliver cost saving results

30%

• Conduct activities that support Strategic Sourcing initiatives:
• Proficiently use technologies used for strategic sourcing, with advanced skills in ERP financial systems, MS Excel, MS SharePoint, and MS Outlook
• Manage vendor relationships and conduct supplier evaluations
• Assist with the preparation, distribution and operational reporting

20%

• Conduct analytic administration tasks:
• Accurately report financial impact data from sourcing events
• Prepare analytical reports to support strategic sourcing initiatives
• Conduct invoice and spend data mining
• Manage databases for financial and vendor records

100%
III. Minimum Qualifications and Job Requirements | All must be met to be considered.
Education:

• Bachelor's degree (Business Administration, Finance, or Accounting preferred)

Experience:

• Minimum four years' experience in a related field (Procurement, Supply Chain, Strategic Sourcing, or similar)

Specific Knowledge, Skills and Abilities:

• Works effectively with all levels of management and collaborates with team members
• Must have ability to manage multiple simultaneous projects
• Excellent data analytical skills
• Excels in a fast pace environment
• Excellent communication skills, both verbal & written
• Prompt, courteous & professional customer service is expected to all internal & external customers
• Excellent computer skills and proficient in excel, word and SharePoint
• Contract negotiation experience
• Vendor relations management experience
• Capital expense management experience

% Travel Required (Approximate):

• 0-5%

It is the policy of Meredith Operations Corporation ("Dotdash Meredith", "the Company") to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, the Company will provide reasonable accommodations for qualified individuals with disabilities. Accommodation requests can be made by emailing [email protected] .
The Company participates in the federal E-Verify program to confirm the identity and employment authorization of all newly hired employees. For further information about the E-Verify program, please click here: https://www.e-verify.gov/employees
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