Strategic Sourcing Analyst jobs
Driving down costs of procurement will always be a key part of increasing profits, and long-term solutions need to be found to making it happen. The strategic sourcing analyst will usually be employed by larger companies with multimillion pound turnovers and a wealth of data to draw on. At this scale, seemingly tiny changes in sourcing strategy can be converted into hundreds of thousands in savings once implemented.
The role will involve a good deal of data analysis, with the analyst looking deeply into every aspect of the company’s sourcing and identifying savings or flagging up areas where there is the potential for saving, for example renegotiating contracts with certain suppliers or seeking the change suppliers. The successful strategic sourcing analyst will be a creative thinker who can come up with non-direct ways of making savings.
Because strategic sourcing takes place over the longer term, short-term gains might often prove not to be economically optimal, for example if they tie the client into contracts that could have been negotiated more advantageously if a guarantee of future custom could have been written in.
The analyst will also have to present his or her conclusions and recommendations to the board in order for them to be made company policy. There will then follow a stage of follow-up analysis to check the performance of the changes.
The skills required
A good head for figures will be a key requirement for this role. It’s possible that several strands of negotiations could be going on simultaneously, with an optimum solution being concealed within them. Someone mathematically astute enough to have an instinct for finding the best deals and having their suspicions backed up by computerised analysis could be the ideal candidate, although such people could be few and far between!
Much of the work will involve meeting with other departments of the company and also with suppliers and those tendering for supply contracts, so someone who is at ease talking business and negotiating on the company’s behalf will be well suited to the role.
Needless to say, this will require superb communication skills, and an ability to think on one’s feet whilst being armed with a thorough knowledge of the employer’s strategic aims.
Strategic Sourcing Analyst Jobs in Bangor
The County Down town of Bangor is a north-facing seaside town lying 10 miles (16 km) east of the centre of Northern Ireland’s capital Belfast. Newtownards is a few miles to the south, but Bangor is surrounded on all sides by lush agricultural land, making it a desirable place to live, favoured by affluent people and commuters to the city. It’s also a resort for holidaymakers and day-trippers, with parks and golf clubs aplenty. The front, which opens up onto the eastern part of Belfast Lough, has three distinct characters. To the west it is made up of low cliffs and rock formations; in amongst the rocks is a popular marina; and to the east there’s a cove with a sandy beach.
Bangor is connected to Belfast by the last remaining part of the Victorian Belfast and County Down Railway, and has two stations, with regular services. There is also the main A2 road which connects the two in a 20-minute drive. Towards the end of the journey you would pass Belfast City Airport, a commuter favourite, handy for Bangor’s business community.
At the south of Bangor is a business park with various light industry as well as leisure facilities such as ex-Formula One driver Eddie Irvine’s enterprise, an activity centre with karting, paintball, laser combat and football. With a population of around 60,000 with relatively affluent needs, logistics and supply chain positions such as Strategic Sourcing Analyst jobs do appear from time to time in Bangor, but widening your search to include Belfast would certainly pay dividends.
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Cast UK’s procurement opportunities
Cast UK is growing in the UK logistics, procurement and supply chain recruitment industry, partly because these are the only sectors we deal with. People approach us for many reasons, whether seeking more job fulfilment or simply relocating with the family, so it’s good to know that we always have the complete range of positions available nationwide.
Our founder members and consultants all come from these sectors, so we know what employers and candidates are looking for in their staff and careers respectively. As we only deal with these fields, many employers come to us first to create a candidate shortlist because they know we’re tightly focused on delivering the best people to them.
Please see what’s available in your region and if you’ve seen something you’re interested in, do get in touch – whether it’s today or tomorrow, we might have the ideal position for you.
To find out more about how Cast UK can help you recruit a Strategic Sourcing Analyst for your business or find you a job as a Strategic Sourcing Analyst then contact one of our consultant team on 0333 121 3345.
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