Are you an Employer?    Attract the Best Candidates with Smart Job Postings!
Search Procurement Resumes
The Largest Collection of Jobs on Earth | ProcurementCrossing
Need Help? Call (800) 680-7345  

Job Seeker Login   Employer Login 

Job Seekers? Try it Now  

PROCUREMENT Jobs, Jobs in PROCUREMENT - ProcurementCrossing.com
Search Procurement Jobs
Browse Procurement Jobs
Post Procurement Jobs
Attention Employers - Only EmploymentCrossing Posts Your Jobs to Over 500+ Other Job Sites. TRY IT FREE!
Procurement Jobs >> Procurement Articles >> Procurement Career Feature >> A Procurement Analyst Job Description
  • Procurement Career Feature

A Procurement Analyst Job Description


by      
Printable Version PDF Version Email to a Friend
Regardless of the state of the economy, in order to be truly successful, a company must be profitable. Adhering to a strict expenditure budget is a vital part of maintaining profitability, therefore making the Purchasing Department's role an important one. Among the various procurement jobs available, the position of Procurement Analyst is of particular importance because he or she will act as liaison between their company, the finance department, and their vendors.

The Procurement Analyst is responsible for helping to establish and adhere to certain purchasing guidelines based on the strategies and goals outlined by their employer and more specifically the finance department. He or she may be expected to regularly compose RFIs (Requests for Information), a preliminary tool used to collect information about the strengths and abilities of prospective vendors, or RFPs (Requests for Proposal), which allows a company to invite service or merchandise suppliers to bid on projects or jobs.

Once the best vendor to supply the service or merchandise has been selected, the Procurement Analyst will generally negotiate the exact terms of the agreement so as to establish clear expectations on the part of both parties. If someone is considering a procurement job, it is important to keep in mind that the Procurement Analyst is also responsible for drafting all contracts between their employer and their prospective vendors. These contracts will contain all the guidelines and stipulations of their business agreement, including, but not limited to, length of contract, expected goods and services, time line for delivery of said goods and services, quality and quantity expectations, and payment terms. Excellent written and verbal communication skills are thus a definite requirement for this position.

After a working relationship has been established and the company is in receipt of the specified goods or services, as with most procurement jobs, a Procurement Analyst will be expected to put their data analysis skills to use. They must be prepared to analyze current market trends within their field based on sales or performance data, as well as to forecast future performance and make procurement recommendations accordingly. Therefore, being detail oriented and having the ability to translate raw data into usable information is absolutely mandatory.

To be considered for most procurement jobs, the candidate must possess at least a Bachelor's degree from an accredited institution. The position of Procurement Analyst is no exception. Most companies seeking to hire a Procurement Analyst prefer an employee with a degree in Business, Finance, or a related field. In addition, a minimum of three years working in the intended industry is usually expected. Proficiency with MS Office Suite, particularly Excel and Word are also mandatory, as these programs will prove invaluable to anyone who seeks to excel in their procurement job. Familiarity and experience with other programs such as Outlook, Access, and PowerPoint will also be in a candidate's favor.

A Procurement Analyst must be detail oriented, analytical, organized, and objective. He or she must be able to analyze data quickly and ascertain a plan of action based on that data. If the profitability of their employer can be assured, so can the security of their position.


If this article has helped you in some way, will you say thanks by sharing it through a share, like, a link, or an email to someone you think would appreciate the reference.



Popular tags:

 importance  bachelor's degree  problems  projects  guidelines  Budget Planning  procurement  costs  vendors  expectations

Facebook comments:

Comments

Comment not found for this article.
add comments

Related articles

 Working in Procurement Analyst Jobs
 How to Become a Procurement Analyst
 Becoming a Procurement Analyst
 Chief Procurement Officer Job Profile

Bring Order and Structure to Your Procurement Job Search

In an orderly and structured fashion, we consolidate all of the procurement jobs from every company and organization career page (and every other job site we can find) so you know about all the procurement jobs and can make your important personal career decisions in an objective and rational way.

We are a "good citizen" in the procurement community and have high research standards and know you too have high standards for your career. As an unbiased research company with a profound respect for concrete facts and information about job openings, we are loyal to our members and do not accept any money from advertisers for job postings.

We give you the tools to follow through and pursue your career options in a stable, practical and down-to-earth manner.
Tell us where to send your access instructions:

Your Email:     
2013 Most Influential Procurement Recruiter Rankings
arrow 600+ prestigious recruiters across America ranked
arrow 60+ industries and professions scrutinized
arrow Comprehensive updated candid report
Get the ranking
total jobs
on EmploymentCrossing
4,340,007
new jobs this week
on EmploymentCrossing
1,190,591
job type count
on ProcurementCrossing
(1,069)
(526)
(307)
(294)
(210)
(162)
(142)
top 5 job searches
jobs near you
International jobs
Work at home jobs
UK jobs
Canada jobs
New search feature using US map. click here

Looking for a new procurement job in your city? click here
today's featured job
Part Time Retail Sales Consultant
United States-AZ-Tempe

Part Time Retail Sales Consultant - Tempe, AZ (Arizona Mills)','1467517','!*!AT&T:  So Much More of What You Work For   Looking for an opportuni.....


PROCUREMENT Click to Apply for - ProcurementCrossing.com
job search tip
Job Search myth: Good things come to those who wait. Probably not. Good things come to those who initiate. Don't sit around and expect a job to come to you. Make it happen- now!

Your privacy is guaranteed. We will never give out, lease, or sell your personal information.