Sourcing Analyst

The Euclid Chemical Co.; Vernon; On-site; USD 60,000 - 75,000; Full time

Job summary

The Euclid Chemical Co. is seeking a Sourcing Analyst who will develop and execute sourcing initiatives alongside Sourcing Managers. This full-time role includes responsibilities in data analysis, vendor management, and strategic purchasing, offering a salary between $60,000 and $75,000, with additional benefits after 30 days of employment.

Benefits

Medical insurance

Dental insurance

Life insurance

Disability insurance

401(k) plan

Stock purchase options

Paid holidays

Vacation days

Parental leave

Qualifications

• Bachelor's degree in Supply Chain Management or related field preferred.
• Proven experience in sourcing or procurement.
• Proficiency in data management and analysis required.

Responsibilities

• Develop and execute sourcing initiatives including data management and analysis.
• Assist in strategy development for assigned commodities.
• Prepare reports and documentation for management.

Skills

Analytical skills

Data management

Communication

Negotiation

Collaboration

Education

Bachelor's degree in Supply Chain Management

Business Administration

Tools

SAP

Job description

Job Summary : The Sourcing Analyst is responsible for developing and executing sourcing initiatives in collaboration with Sourcing Managers. This role involves data management, data analysis, spend reporting, vendor and commodity forecasts, quote analysis, and overall support for the sourcing team in day-to-day tasks for assigned categories.

Key Responsibilities :

• Sourcing Initiatives : Develop and execute sourcing initiatives, including data management, data analysis, spend reporting, vendor and commodity forecasts, and quote analysis.
• Collaboration : Work closely with R&D, Purchasing, Marketing, Brand Sourcing, Production, Plants, and Master Data teams to align projects and strategies with organizational objectives.
• Strategy Development : Assist in strategy development and execute sourcing strategies for assigned commodities, considering market dynamics, cost drivers, risk management, and internal requirements.
• Data Management : Collect, analyze, and update purchasing data, vendor master data, and material master data in SAP.
• Market Analysis : Conduct comprehensive market analysis, forecasting, competitive benchmarking, and industry analysis to identify emerging opportunities or risks and report to sourcing managers.
• Reporting : Prepare reports, documentation, and presentations for management.
• Cost Reduction : Identify cost reduction opportunities, analyze cost structures, and contribute to cost savings and avoidance targets.
• Supplier Pricing : Manage supplier pricing database and handle pricing updates. Work with accounting teams to resolve invoice and inventory discrepancies.
• Supplier Management : In conjunction with the sourcing managers, build and maintain strong relationships with suppliers to ensure quality, delivery, and pricing standards are met. Research category trends, understand and evaluate supplier capacity to support business needs, and recommend new product capabilities.
• Negotiation : Assist with supplier negotiations related to costs of parts, tooling, and project timelines.
• Tactical Purchasing : Handle tactical purchasing activities such as expediting material and managing open PO issues.

Qualifications :

Bachelor's degree in Supply Chain Management, Business Administration, or related field preferred.

Proven experience in sourcing, procurement, or supply chain management.

Strong analytical skills and proficiency in data management and analysis.

Excellent communication and negotiation skills.

Proficiency in SAP and other relevant software.

Ability to work collaboratively with cross-functional teams.

Preferred Skills :

Experience in market analysis and competitive benchmarking.

Knowledge of cost drivers and risk management in sourcing.

Strong organizational and time management skills.

Salary Range : $60,000 - $75,000, bonus eligible.

Benefits : After 30 days of employment, you will be eligible for a benefits package that includes medical, dental, life, disability and business travel insurance, flexible spending accounts, EAP, stock purchases, and vacation / sick days / parental leave. We also offer a 401(k) plan after three months of employment. Associates are vested in the RPM Pension plan after completing five years of service. Rust-Oleum offers 9 paid holidays and one floating holiday per year. You are also eligible to earn three weeks of vacation on an annualized basis.

Rust-Oleum is an equal opportunity employer. Employment selection and related decisions are made without regard to sex, race, age, disability, religion, national origin, color, or any other protected class.

Job Info

Job Identification : 10680

Job Category : Purchasing / Procurement

Posting Date : 03 / 19 / 2025, 02 : 21 PM

Degree Level : Bachelor's Degree

Job Schedule : Full time

Locations : 11 Hawthorn Parkway, Vernon Hills, IL, 60061, US

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