What is a Senior Strategic Sourcing Analyst Job?
A senior strategic sourcing analyst job is a specialized position in a company's procurement department. This role is responsible for identifying and sourcing the best suppliers for a company's needs, negotiating contracts, and monitoring supplier performance. The senior strategic sourcing analyst is also responsible for developing and implementing procurement strategies that align with the company's goals and objectives. This is a senior-level position that requires a high level of expertise in procurement and supply chain management.
What Usually Do in This Position?
The senior strategic sourcing analyst is responsible for managing the entire procurement process. This includes identifying potential suppliers, negotiating contracts, and managing supplier relationships. They also work closely with other departments within the company to ensure that procurement strategies align with overall business objectives. The senior strategic sourcing analyst is responsible for analyzing market trends and identifying opportunities to improve procurement processes. They also monitor supplier performance and ensure that suppliers are meeting contractual obligations.
Top 5 Skills for the Position
- Expertise in procurement and supply chain management
- Strong negotiation skills
- Analytical thinking and problem-solving skills
- Excellent communication and interpersonal skills
- Ability to work independently and in a team environment
How to Become a Senior Strategic Sourcing Analyst
To become a senior strategic sourcing analyst, you typically need a bachelor's degree in business, procurement, supply chain management, or a related field. Many employers prefer candidates with a master's degree in one of these fields or an MBA. You also need several years of experience in procurement or supply chain management, preferably in a leadership role. Professional certifications, such as the Certified Professional in Supply Management (CPSM), can also be beneficial.
Average Salary
According to Glassdoor, the average salary for a senior strategic sourcing analyst in the United States is around $90,000 per year. This can vary depending on factors such as experience, location, and industry.
Roles and Types
There are several different roles and types of senior strategic sourcing analyst jobs. Some focus on specific industries, such as healthcare or technology, while others work in a more general procurement role. Some senior strategic sourcing analysts may work for large corporations, while others may work for smaller companies or government agencies.
Locations with the Most Popular Jobs in the USA
Senior strategic sourcing analyst jobs are available in many locations throughout the United States, but some areas have more opportunities than others. Some of the most popular locations for these jobs include major metropolitan areas such as New York, Chicago, and Los Angeles. Other cities with a high demand for senior strategic sourcing analysts include Houston, Atlanta, and Washington, D.C.
What are the Typical Tools?
Senior strategic sourcing analysts use a variety of tools to perform their job duties. These may include procurement software, such as SAP Ariba or Coupa, as well as data analytics tools, such as Tableau or Power BI. They may also use project management tools, such as Asana or Trello, to manage procurement projects and workflows.
In Conclusion
A senior strategic sourcing analyst is a vital role in any procurement department. This position requires a high level of expertise in procurement and supply chain management, as well as strong negotiation skills and analytical thinking. To become a senior strategic sourcing analyst, you typically need a bachelor's degree in a related field and several years of experience in procurement or supply chain management. With a competitive salary and a variety of available jobs throughout the United States, this is a promising career path for anyone interested in procurement and supply chain management.