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 Buckinghamshire
One of the London Home Counties, Buckinghamshire also shares a border with Berkshire, Oxfordshire, Bedfordshire, Hertfordshire and Northamptonshire. It's a popular choice for those seeking Strategic Sourcing Analyst vacancies and offers a wealth of opportunities - for those who wish to live and work in the area, or commute to the capital.
During the industrial revolution, the region was known for its lace making and it's said that Queen Victoria used the delicate material for her pillows. After the arrival of the railway, furniture and paper production both took off in Buckinghamshire and heavy industry like the manufacture of train carriages was also big business.
Indeed, the 19th century was extremely lucrative for Buckinghamshire, and evidence of this can still be seen today in the many beautiful Victorian buildings that are spread across the county.
These days, Buckinghamshire's economy is mainly based in the service sector and studies have shown that it's one of the best places to live in the UK, with one of the highest life expectancies and some of the best school results in the country.
The region is still used for a lot of agricultural production, while furniture manufacture and pharmaceuticals are also major sources of employment.
What's more, the world-famous Pinewood Studios are located in Buckinghamshire. This studio has been the location of filming for a variety of big-name productions, including several James Bond films, the Superman franchise, Batman Returns and scenes from Peter Jackson's The Hobbit.
Popular locations
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.
Contact us