Job Description
Our client is a leading global apparel tirms manufacturing group, is seeking a highly analytical and detail-oriented Procurement Analyst to join the team based in Hong Kong. The Procurement Analyst will play a crucial role in optimizing its procurement processes, analyzing data, and providing valuable insights to drive cost savings and improve overall procurement efficiency.
Responsibilities:
Data Analysis and Reporting:
- Collect, analyze, and interpret procurement data to identify trends, patterns, and opportunities for cost savings and process improvements.
- Develop reports, dashboards, and visualizations to present procurement performance metrics and key insights to stakeholders.
- Conduct regular spend analysis and supplier performance evaluations to identify areas for negotiation and supplier consolidation.
- Collaborate with cross-functional teams to gather data and ensure data integrity and accuracy.
Procurement Process Optimization:
- Evaluate existing procurement processes and workflows to identify bottlenecks, inefficiencies, and areas for automation or improvement.
- Identify and implement best practices to streamline procurement operations, enhance procurement cycle time, and reduce costs.
- Work closely with stakeholders to understand their requirements and provide recommendations for optimizing procurement strategies and supplier relationships.
- Continuously monitor market trends, industry benchmarks, and emerging technologies to identify opportunities for process innovation and optimization.
Supplier Management:
- Assist in the development and management of supplier evaluation and selection processes, including supplier performance scorecards and supplier qualification criteria.
- Collaborate with the procurement team to conduct supplier negotiations and contract reviews to ensure favorable terms and conditions.
- Support the implementation of supplier management programs, including supplier relationship management and supplier risk assessment.
- Monitor supplier performance against key performance indicators (KPIs) and work with suppliers to address any issues or non-compliance.
Cost Analysis and Savings Initiatives:
- Conduct cost analysis and pricing benchmarking to identify cost reduction opportunities and negotiate favorable pricing with suppliers.
- Collaborate with cross-functional teams to identify and implement cost-saving initiatives, such as value engineering, alternative sourcing, and demand management.
- Track and report on cost savings achieved through procurement initiatives and provide recommendations for further savings.
Compliance and Process Adherence:
- Ensure compliance with procurement policies, procedures, and regulatory requirements.
- Develop and maintain procurement documentation, including contracts, purchase orders, and supplier records.
- Assist in supplier audits and compliance assessments to ensure adherence to quality standards and ethical practices.
Requirements:
- Bachelor's degree in Business Administration, Supply Chain Management, Finance, or a related field.
- Proven experience as a Procurement Analyst or in a similar analytical role within procurement or supply chain.
- Strong analytical and data interpretation skills, with proficiency in data analysis tools and techniques.
- Excellent knowledge of procurement processes, strategic sourcing, and supplier management.
- Proficiency in using procurement software and systems.
- Strong understanding of financial analysis and cost management principles.
- Good understanding of contract management and negotiation techniques.
- Excellent communication and presentation skills, with the ability to convey complex data and insights to stakeholders.
- Strong attention to detail and problem-solving abilities.
- Ability to work collaboratively in a cross-functional and multicultural environment
Click "Apply Now" to apply for this position or call Jason Li at +852 3180 4962 for a confidential discussion. All information collected will be kept in strict confidence and will be used for recruitment purpose only.
