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Strategic Sourcing Analyst in Chicago, IL at True Value

Date Posted: 1/31/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Chicago, IL
  • Job Type:
    Operations
  • Experience:
    1 to 3 years
  • Date Posted:
    1/31/2018

Job Description

The Strategic Sourcing Analyst will work closely with the Director, Indirect Procurement to support all elements of the sourcing process including cost modeling, baseline and bid sheet development, Request For Information (RFI)/Request For Proposal (RFP) development and execution, bid analysis, negotiations, and reporting.

Position Description

  • Perform detailed analysis of spend and other data to develop baselines, identify savings, define efficiency opportunities and target costs, and identify initiatives that should be undertaken
  • Develop and recommend sources of supply. Assist in executing competitive bid events and other strategic sourcing initiatives. Under supervision, lead end-to-end sourcing in select categories
  • Perform complex and detailed analysis required to support benefits estimation and savings documentation
  • Identify and manage cost drivers and analyze life cycle costing challenges
  • Build strong cross-functional relationships with internal and external contacts to understand the business needs and priorities
  • Ensure contracting and procurement standards, policies and procedures are maintained and followed throughout the strategic sourcing process
  • Maintain repository of best practice tools, templates, and training materials

Position Qualifications

Minimum Type and Years of Related Experience Required:

  • One to three years of work related experience required
  • Understanding of statistics, as well as critical thinking ability
  • Understanding of economic principals and price forecasting
  • Familiarity with Excel (modeling is a plus) and PowerPoint
  • Experience with MS Access, SQL Server, VBA is a plus Minimum Education Requirements
  • Bachelor’s degree in mathematics, engineering, economics or business or equivalent work experience

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.

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