Procurement Analyst

Key Responsibilities:

Strategic Sourcing Support (Source to Contract Process):

• Manage RFx events (RFPs, RFQs) and vendor evaluation for marketing services.
• Support end-to-end category management of marketing spend.
• Develop and execute category strategies aligned with business goals.
• Identify and onboard best-fit agencies (advertising, PR, media, creative).
• Lead contract negotiations (MSAs, rate cards, SLAs).
• Analyze supplier proposals and create stakeholder presentations.
• Manage procurement cycle time and ensure timely completion of sourcing events.

Supplier & Contract Management:

• Maintain strong agency/vendor relationships to ensure delivery excellence.
• Conduct regular supplier performance reviews using defined KPIs.
• Manage contract compliance, renewals, and risk mitigation.
• Drive procurement best practices and support audit readiness.

Cost Optimization & Budget Management:

• Identify cost-saving opportunities while preserving service quality.
• Collaborate with finance and marketing teams on budget planning.
• Perform spend analysis and benchmark agency costs vs. industry.
• Track and report savings against procurement targets.

Procurement Analytics & Reporting:

• Generate reports: category spend, supplier scorecards, and savings trackers.
• Conduct benchmarking studies to assess vendor performance and pricing.
• Use E-sourcing tools for sourcing and reporting.

Compliance & Process Excellence:

• Ensure compliance with procurement policies, contracts, and ESG goals.
• Create SOPs, process flowcharts, and training documentation.
• Drive process improvement initiatives and implement standardized templates.

Required Skills & Experience:

• Bachelor's degree in business, Supply Chain, Marketing, or related field.
• 3–6 years of Indirect procurement experience (preferred marketing category).
• Hands-on experience with SAP Ariba, Coupa, or Jaggaer.
• Understanding of marketing contracts and media buying practices.
• Strong stakeholder management and vendor negotiation skills.
• Proficiency in Excel, PowerPoint, and data analytics tools.
• Strong analytical and communication skills.
• Ability to work in a fast-paced environment with cross-functional teams.