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 Worcester
History runs like a river through the city of Worcester, which is situated on the River Severn 23 miles (38 km) south east of Birmingham. It was a thriving town in Roman times and although it fell out of favour when the empire started to recede, its population had exploded by the middles ages, reaching around 10,000, a huge number in those days. Many of its medieval buildings survive to this day, but there would have been many more had they not been demolished in the rebuilding fervour of the 1950s and 1960s. It was also at Worcester that Oliver Cromwell’s army defeated Charles II’s, leading to England and Wales becoming a republic for a decade.
In more modern times Worcester was famous for is porcelain and glove making, both of which industries have all but disappeared now. Kays, of catalogue fame, was also founded in the city, but the company was bought out by rival Grattan’s owners. Today, the best known product from Worcester is Worcestershire sauce, a fish-based condiment made by Lee and Perrins (two chemists) in Worcester in the early 1800s.
Worcester does have a history of manufacturing, and some of this remains, but today it is a centre for retail and tourism, with many visitors flocking to the city to see its cathedral and its other medieval buildings. It is by far the largest town for 20 miles in any direction, so brings in plenty of visitors from the villages and towns in the surrounding area to do their shopping. The city lies just to the west of the M5, which links Birmingham, and the South East, and has good rail links. Worcester is therefore a good place to look for Strategic Sourcing Analyst positions, and Cast UK do have such jobs available in the city and its surrounding area.
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.
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