Strategic Sourcing Analyst

Placements24; George; On-site; ZAR 550,000 - 850,000; Full time

Benefits offered by this job

Competitive pay

Career growth opportunities

Exposure to sourcing projects

Job summary

Placements24 partners with a prominent George-based retail group in the Western Cape to recruit an analytical Strategic Sourcing Analyst. The role focuses on identifying cost-saving opportunities, optimizing supplier performance, and ensuring procurement aligns with strategic objectives.

The successful candidate will conduct market research, analyze data, and develop sourcing strategies for efficiency and savings.

Qualifications

• Bachelor's degree in Business, Economics, Finance, Supply Chain Management, or related field.
• 3–5 years of experience in procurement, sourcing, or analytical roles.
• Strong data analysis, financial modeling, and market research skills.
• Understanding of sourcing methodologies and procurement practices.
• Excellent Excel and data visualization skills.
• Excellent communication and presentation abilities; detail-oriented.
• Ability to work independently and in a team.
• Experience in retail procurement is a plus.

Responsibilities

• Conduct market analysis to identify suppliers and pricing trends.
• Analyze spend data for cost reduction and process improvements.
• Develop and execute sourcing strategies for various categories.
• Assist in negotiations with suppliers for favorable terms.
• Monitor supplier performance and drive corrective actions.
• Prepare reports and presentations on savings and insights.
• Collaborate with stakeholders to define requirements.
• Maintain supplier data and contract details.
• Ensure sourcing activities comply with policies and ethics.

Skills

Data analysis

Market research

Financial modeling

Excel

Data visualization

Education

Bachelor's degree in Business, Economics, Finance, or related field

Tools

Excel

Data visualization tools

Job description

About the Role

Our client, a prominent retail group headquartered in George, Western Cape , is actively seeking an analytical and detail-oriented Strategic Sourcing Analyst to bolster their purchasing division. This role is crucial for identifying and evaluating cost-saving opportunities, optimizing supplier performance, and ensuring the procurement of goods and services aligns with strategic business objectives. The successful candidate will play a key part in market research, data analysis, and developing sourcing strategies that enhance efficiency and reduce expenditure. This is an exceptional opportunity for a motivated professional to make a tangible impact within a well-established company operating in the beautiful George region. We are committed to finding an individual who can leverage data to drive procurement decisions and foster strong supplier partnerships. The role requires a dedicated professional to be present in the George, Western Cape office to facilitate close collaboration and oversight.

Key Responsibilities

• Conduct thorough market analysis to identify potential suppliers, assess market trends, and understand pricing structures.
• Analyze spend data to identify opportunities for cost reduction, consolidation, and process improvement.
• Support the development and execution of sourcing strategies for various categories of goods and services.
• Assist in the negotiation process with suppliers, ensuring favorable terms and conditions.
• Monitor and report on supplier performance, identifying areas for improvement and driving corrective actions.
• Prepare detailed reports and presentations on sourcing initiatives, savings achieved, and market intelligence.
• Collaborate with internal stakeholders to define requirements and ensure procurement activities meet business needs.
• Maintain an organized database of supplier information and contract details.
• Ensure all sourcing activities comply with company policies and ethical procurement standards.

Requirements

• Bachelor's degree in Business, Economics, Finance, Supply Chain Management, or a related field.
• At least 3-5 years of experience in procurement, sourcing, or a related analytical role.
• Demonstrated ability in data analysis, financial modeling, and market research.
• Strong understanding of sourcing methodologies and procurement best practices.
• Excellent Excel skills and proficiency with data visualization tools.
• Effective communication and presentation skills, with the ability to convey complex information clearly.
• High level of accuracy and attention to detail.
• Ability to work independently and as part of a team in a demanding environment.
• Experience within the retail sector is a plus.

Benefits

• Competitive remuneration package.
• Opportunity to work with a leading company in George, Western Cape .
• Exposure to diverse sourcing projects and strategic initiatives.
• Potential for career growth and skill development in procurement analytics.
• A supportive team environment dedicated to achieving business goals.
• Contribution to the financial health and operational efficiency of the company.