Procurement Data & Insights Analyst

Description

We have been retained by a Manufacturer who are looking for a Procurement Data & Insights Analyst to join the team, based in Middleton.

Hybrid - 2 days a week in office.

Job Summary

• The Procurement Analyst will play a crucial role in collecting, structuring, and transforming data into actionable insights within the Procurement department.
• This position requires a background in data analysis and the ability to transform complex data into actionable insights that support strategic decision-making.
• The ideal candidate will have experience in BI tools, a strong analytical mindset, and the ability to work closely with cross-functional teams to meet business objectives.

Key Responsibilities

Procurement Performance Tracking

• Manage overall process for monitoring project performance, aligning with wider finance/operation teams.
• Ensure project tracker is correctly updated to accurately reflect status and any variances to Budget are fully explained.
• Monthly tracking supplier rebates for bulk chemicals, working closely with finance and procurement to ensure accurate reporting and timely resolution of issues.

Data Analysis

• Analyse procurement data to identify trends, cost savings and efficiency improvements.
• Proactively track risks and opportunities.
• Monitor key commodities, providing regular market insights to procurement and wider business for customer pricing.
• Support category managers through analytical assessment of supplier tenders.
• Adhoc analysis as required to support team objectives.

Reporting

• Preparation of monthly management reports.
• Manage KPI tracking and reporting including working capital and cost reduction projects.
• Develop and manage interactive dashboards in Business Information (BI) systems to optimise reporting.
• Coordinate with the procurement team budget and forecast data inputs

Data Governance and Quality

• Create robust process for procurement data governance and quality.
• Drive solutions to improve data quality issues around spend categorisation and payment terms, ensuring alignment with category managers and supplier agreements.
• Actively work with wider business to improve master data and master data processes.
• Coordinate the recurring procurement data governance tasks with the business process owners.
• Collaborate with IT and data teams to integrate various data sources to develop BI solutions.
• Ensure compliance to procurement policies and procedures.

Knowledge/Experience

• Minimum of 2 years’ experience in data analysis.
• Experience of dealing with wide range of stakeholders, internal and external.
• High proficiency in excel, including advance formulas and macros.
• Experience in Business Intelligence tools.
• Excellent analytical and problem-solving skills.
• Ability to work independently and as part of a team in a fast-paced environment.

Salary & Benefits

• £40,000 - £45,000 Per Annum
• Hybrid - 2 Days a week in the office, 3 days a week from home
• 25 Days Annual Leave + Bank Holidays
• Pension via salary sacrifice up to 7% matching contribution
• Life Assurance
• Employee benefits portal