Sourcing Analyst

Reports to Sourcing Supervisor

The Sourcing Analyst is responsible for supporting the procurement and sourcing of goods and services required by the organization. This role focuses on data-driven decision-making, supplier evaluation, cost analysis, and process improvement to ensure the company receives the best value while maintaining quality and compliance. The Sourcing Analyst collaborates with cross-functional teams, manages supplier relationships, and drives continuous improvement in sourcing strategies.

Responsibilities

Data Analysis & Reporting:

• Collect, analyze, and interpret data related to products, suppliers, and market trends.
• Track overall spend, item/project margins, and identify areas for cost savings.
• Maintain and review records of items purchased, costs, deliveries, product performance, and inventories.

Supplier Management:

• Evaluate and select suppliers based on quality, cost, reliability, and service.
• Maintain and grow relationships with existing suppliers; identify and qualify new suppliers.
• Negotiate contracts, pricing, and terms to achieve the best value for the organization

Sourcing & Procurement:

• Lead or support the implementation of sourcing projects, including RFPs, bid processes, and contract negotiations.
• Source and purchase goods and services, ensuring timely delivery and compliance with specifications.
• Review catalogs, industry periodicals, and consult with internal teams to locate needed products from the best possible sources.

Process Improvement:

• Develop and implement procurement strategies to meet organizational goals.
• Drive improvements in bidding processes and project management for sourcing initiatives.
• Participate in continuous improvement projects to enhance sourcing operations.

Cross-Functional Collaboration:

• Coordinate with sales, operations, quality, and finance to ensure alignment on sourcing needs and project timelines.
• Onboard new suppliers and products, including sample requests and test result monitoring.
• Serve as a backup to the purchasing team as needed.

• Bachelor’s degree in Business, Supply Chain Management, or a related field (preferred). 
• 1–3 years of experience in procurement, sourcing, or supply chain roles 
• Strong analytical and problem-solving skills; proficiency in Microsoft Excel and ERP/purchasing systems. 
• Excellent communication, negotiation, and relationship management skills. 
• Ability to manage multiple projects, prioritize tasks, and act with urgency. 
• Experience in the food industry is a plus.