Business and Sourcing Analyst Responsibilities and Duties

Posted in Job Responsibilities

Develop and implement strategic plans for vendors.

Participate in all contract negotiations.

Analyze company expenditures and coordinate with staff and develop cost saving methods.

Provide support to sourcing team and develop sourcing strategies for increasing business.

Manage relationships with all sources prepare strategic relationships and observe performance of all activities.

Develop and evaluate all RFI and RFPs.

Perform research on new technology, select new suppliers for various product launches.

Maintain costs of new products and prepare estimates for all costing goals.

Maintain knowledge on various market trends and recommend sourcing strategies for market.

Ensure compliance to all quality standards for products.

Provide technical support to various processes for business improvement.

Monitor bid process and ensure participation of various vendors.

Maintain and execute Service Level Agreements and prepare necessary documents.

Administer all performance metrics such as delivery time and price variance.

Coordinate with materials manager and ensure product availability at all times.

Analyze ERP system and develop improvement plans to ensure better management of sources.

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