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Hire a Procurement Analyst

 

A procurement analyst is responsible for gathering and analyzing data related to products and services used by a company. They serve as a liaison between the business and suppliers to procure promising contracts. Procurement analysts price materials, evaluate vendor efficiency, and prepare monthly cost reports. They work independently and drive results. They keep business objectives in mind and interpret how the statistics impact the company's processes. The role is a white-collar position, and professionals working in this field are employed in virtually every industry. According to the U.S. Bureau of Labor Statistics (BLS), a mid-level analyst earns an average total compensation of $67,400 per year. The job outlook is promising, with the BLS predicting slight 2% growth for this position by 2024. Procurement analysts can progress into roles such as senior buyers, procurement specialists, and procurement managers, among others. 

 

Assigned duties and responsibilities

 

Procurement analysts undertake several responsibilities, which commonly include managing procurement projects for retail companies. They primarily perform duties in the areas of purchasing, contracting, sourcing, and commodity management. They are in charge of building and maintaining relationships between companies and external vendors, ensuring that the relationship is mutually beneficial. They negotiate arrangements for buying materials needed by the company, keeping the organizations' procurement budget in mind. In meetings with vendors, procurement analysts determine prices and set up a delivery system. They also accurately research the market to get the best value for the goods. Analysts typically evaluate the vendor's credibility to deliver as promised. Additionally, they gather and analyze the transaction data to determine whether existing vendor relationships can be long term. While making the procurement decisions, the analysts also need to have an understanding of the company's product demands to avoid supply shortages. Furthermore, they must document the processes and generate monthly reports. These reports are presented to management for future decision making.

 

Becoming a procurement analyst

 

A procurement analyst must ideally hold a degree in business administration, business management, or a related field. They must have professional experience, especially in roles that require them to interact with vendors. Recent graduates are usually accepted into the role if they have internship experience. Proficiency in electronic procurement and analytical software is a plus. Since procurement analysts hold a position that requires regular interaction with vendors and management, they should have exceptional communications and interpersonal skills. The analyst must also have extraordinary negotiation skills. Attention to detail and strong analytical skills are also vital to getting hired for this role. As the position requires meetings with clients and possible inspections of facilities, the applicant should be open to working in an office environment and traveling. 

6 Procurement Analysts  applied for jobs in the last 24 hours on Workstream.

H***** E*****(850)-3**-***4
Procurement Analysts for Hire in Clermont, FL
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H***** H*****(757)-8**-***1
Procurement Analysts for Hire in Chesapeake, VA
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R***** R*****(254)-6**-***4
Procurement Analysts for Hire in Harker Heights, TX
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O***** A*****(229)-7**-***0
Procurement Analysts for Hire in Albany, GA
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D***** U*****(720)-4**-***4
Procurement Analysts for Hire in Aurora, CO
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A***** L*****(773)-6**-***0
Procurement Analysts for Hire in Chicago, IL
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A***** E*****(913)-4**-***8
Procurement Analysts for Hire in Olathe, KS
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N***** T*****(916)-7**-***1
Procurement Analysts for Hire in Elk Grove, CA
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S***** E*****(512)-7**-***1
Procurement Analysts for Hire in Round Rock, TX
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T***** O*****(815)-6**-***8
Procurement Analysts for Hire in Peru, IL
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Frequently Asked Questions about hiring a Procurement Analyst

What is the best way to find and hire a Procurement Analyst near me?
Online job boards are the best place to find qualified Procurement Analyst applicants. Employers posting their Procurement Analyst job on Indeed get about 11 applications from that board on average.
Which job boards should I post on to find Procurement Analyst applicants?
You should post to multiple job boards at once. The most successful job postings for a Procurement Analyst are on Indeed – but on average, employers post to 14 boards at the same time, using tools like Workstream. Publishing to multiple job boards at once helps you get your first applicant in 6 hours on average, which is shorter than the national average for Procurement Analyst positions.
What's the best way to communicate with applicants looking for a Procurement Analyst role?
SMS has 89% open rates which is higher than phone call or Email. Text to hire today!
Is it OK to text Procurement Analyst job applicants?
Hourly paid workers, such as Procurement Analysts are actually more engaged when texting about jobs. We have found that text messages are 146% better than email at getting an applicant's response. Have a look at Workstream, which automates the process of texting and uses a phone number specifically assigned to your job post so you don’t have to use your personal phone.
Can I use a different phone number to engage Procurement Analyst applicants via text message?
Yes, tools such as Workstream provide custom phone numbers that allow employers to engage with applicants through their tool without having to use a personal or business cell phone.

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