Procurement Analyst

Our client is a leading global apparel tirms manufacturing group, is seeking a highly analytical and detail-oriented Procurement Analyst to join the team based in Hong Kong. The Procurement Analyst will play a crucial role in optimizing its procurement processes, analyzing data, and providing valuable insights to drive cost savings and improve overall procurement efficiency.

Responsibilities:

• Data Analysis and Reporting:

  • Collect, analyze, and interpret procurement data to identify trends, patterns, and opportunities for cost savings and process improvements.
  • Develop reports, dashboards, and visualizations to present procurement performance metrics and key insights to stakeholders.
  • Conduct regular spend analysis and supplier performance evaluations to identify areas for negotiation and supplier consolidation.
  • Collaborate with cross-functional teams to gather data and ensure data integrity and accuracy.

• Procurement Process Optimization:

  • Evaluate existing procurement processes and workflows to identify bottlenecks, inefficiencies, and areas for automation or improvement.
  • Identify and implement best practices to streamline procurement operations, enhance procurement cycle time, and reduce costs.
  • Work closely with stakeholders to understand their requirements and provide recommendations for optimizing procurement strategies and supplier relationships.
  • Continuously monitor market trends, industry benchmarks, and emerging technologies to identify opportunities for process innovation and optimization.

• Supplier Management:

  • Assist in the development and management of supplier evaluation and selection processes, including supplier performance scorecards and supplier qualification criteria.
  • Collaborate with the procurement team to conduct supplier negotiations and contract reviews to ensure favorable terms and conditions.
  • Support the implementation of supplier management programs, including supplier relationship management and supplier risk assessment.
  • Monitor supplier performance against key performance indicators (KPIs) and work with suppliers to address any issues or non-compliance.

• Cost Analysis and Savings Initiatives:

  • Conduct cost analysis and pricing benchmarking to identify cost reduction opportunities and negotiate favorable pricing with suppliers.
  • Collaborate with cross-functional teams to identify and implement cost-saving initiatives, such as value engineering, alternative sourcing, and demand management.
  • Track and report on cost savings achieved through procurement initiatives and provide recommendations for further savings.

• Compliance and Process Adherence:

  • Ensure compliance with procurement policies, procedures, and regulatory requirements.
  • Develop and maintain procurement documentation, including contracts, purchase orders, and supplier records.
  • Assist in supplier audits and compliance assessments to ensure adherence to quality standards and ethical practices.

Requirements:

• Bachelor's degree in Business Administration, Supply Chain Management, Finance, or a related field.
• Proven experience as a Procurement Analyst or in a similar analytical role within procurement or supply chain.
• Strong analytical and data interpretation skills, with proficiency in data analysis tools and techniques.
• Excellent knowledge of procurement processes, strategic sourcing, and supplier management.
• Proficiency in using procurement software and systems.
• Strong understanding of financial analysis and cost management principles.
• Good understanding of contract management and negotiation techniques.
• Excellent communication and presentation skills, with the ability to convey complex data and insights to stakeholders.
• Strong attention to detail and problem-solving abilities.
• Ability to work collaboratively in a cross-functional and multicultural environment

Click " Apply Now " to apply for this position or call Jason Li at f or a confidential discussion. All information collected will be kept in strict confidence and will be used for recruitment purpose only.