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What are the responsibilities of a procurement analyst?

By Zippia Team - Mar. 26, 2022

The responsibilities of a procurement analyst are to find the most efficient use of a company's spending when dealing with external purchasing. A procurement analyst collects data around products, suppliers, and vendors in order to set up the most fitting contracts with outside parties.

Different industries have different purchasing needs, and analysts can have specialties, but overall are executing the same task across the board. The procurement analyst must:

  • Vet and source suppliers and vendors

  • Compare cost options

  • Monitor pricing trends and shortages

  • Prepare contracts with external parties

  • Report cost-benefit findings to leadership

What are the responsibilities of a procurement analyst?

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