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Become A Procurement Analyst

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Working As A Procurement Analyst

  • Getting Information
  • Communicating with Supervisors, Peers, or Subordinates
  • Interacting With Computers
  • Communicating with Persons Outside Organization
  • Establishing and Maintaining Interpersonal Relationships
  • Mostly Sitting

  • Make Decisions

  • Stressful

  • $69,488

    Average Salary

What Does A Procurement Analyst Do At Pinnacle Foods

* Spend data analytics
* Category market research
* Supports Strategic Sourcing process activities
* Business Continuity planning and tracking
* Supports Financial budgeting process
* Cash flow analytics and payment terms tracker management
* Supports and tracks key Supplier performance metrics and contractual commitments (rebates, productivity, equipment amortization, etc.)
* Manages entry and approval of COI’s (Certificates of Insurance) in the system
* Pricing:
* Validation of price change requests according to contract stipulations
* Supports contract price entry and updates in the system
* Invoice kick-out and price discrepancy resolution
* Manage activities related to loading new Suppliers into the System
* Cross
* Functional interaction with R&D, Quality, Finance, Marketing, Planning and Accounts Payable

What Does A Procurement Analyst Do At The Boeing Company

* Defines, designs, plans and deploys internal/external projects.
* Develops processes and tools to measure key performance indicators.
* Extracts, analyzes and prepares reports to measure key supplier and internal performance-to-plan.
* Develops, documents and implements processes and systems in support of company goals.
* Supports the development and implementation of strategies.
* Identifies and implements improvements to streamline and automate process flows.
* Distributes, updates and tracks procurement plans for supply chain integration and procurement analysis.
* Assesses and reports compliance to internal/external stakeholders.
* Develops risk mitigation plan.
* Boeing is the world's largest aerospace company and leading manufacturer of commercial airplanes and defense, space and security systems.
* We are engineers and technicians.
* Skilled scientists and thinkers.
* Bold innovators and dreamers.
* Join us, and you can build something better for yourself, for our customers and for the world.
*

What Does A Procurement Analyst Do At Newell Brands

* Partners with members of the Procurement COE and CategorySourcing to define requirements, scope analysis and reporting specifications, setreporting cadence, and establish data management plans
* Develop a deep level of understanding of the data underanalysis, focusing on ensuring the right balance of accuracy and completenesswith timely delivery of required information
* Create, manage, and support RFI/P/Q execution includingpost-activity reporting and analysis
* Actively participate in project reviews and statusupdates, demonstrating a deep level of understanding around assigned projects
* Navigate seamlessly throughout the organization duringdata gathering and analysis activities, fostering relationships with partnersthroughout the business to support data requirements
* Quickly develops an understanding around businessrequirements and solutions to service those business requirements
* Leverage analytical techniques to further support complexprocurement and supply chain projects

What Does A Procurement Analyst Do At Naval Facilities Engineering Command

* Coordinate with Small Business Administration and Procurement Center Representatives to ensure local procurement policies and practices conform to law and regulations.
* Oversee the implementation of the small business program at the command.
* Monitor negotiation of changes in price, terms and conditions, or overhead rates due to contract modifications.
* Develop and implement solutions to solve procurement or contractual problems.
* Interpret and apply relevant laws, regulations, policies, standards, or procedures to specific contracting issues

What Does A Procurement Analyst Do At U.S. Army Contracting Command

* Participate in operational and strategic level planning with key operating officials within the installation to advice on the contracting implications of decision implementation, such as recommending alternatives based on contracting considerations.
* Review acquisition strategies, proposed solicitations, contracts, options to be exercised, task and delivery orders, and contract modifications for both simplified acquisition purchases and sealed bid and/or negotiated contracts.
* Track, compile, and/or analyze workload statistics and organizational performance measures for higher management review and decision-making.
* Ensure procedures are in compliance with pertinent guidance for daily operations, professional training, procurement analysis, automated data processing support, GPC program, Internal Controls, quality assurance, property management, and COOP operations.
* Supervise the Business Operations Division staff, performing technical and administrative personnel management responsibilities.
* Monitor the development and implementation of a comprehensive training program utilizing both internal and external resources

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How To Become A Procurement Analyst

Although a high school diploma may be sufficient for some positions, many employers require buyers and purchasing agents to have a bachelor’s degree. Most entry-level positions require some form of on-the-job training.

Education

Educational requirements usually vary with the size of the organization. Although a high school diploma may be enough at some organizations, many businesses require applicants to have a bachelor’s degree. For many positions, a degree in business, finance, or supply management is sufficient.

For those interested in a career as a buyer or purchasing agent of farm products, a degree in agriculture, agriculture production, or animal science is often beneficial.

Training

Buyers and purchasing agents typically get on-the-job training for more than 1 year. During this time, they learn how to perform their basic duties, including monitoring inventory levels and negotiating with suppliers.

Licenses, Certifications, and Registrations

There are several certifications available for buyers and purchasing agents. Although some employers require certification, many do not.

Most of these certifications involve oral or written exams and have education and work experience requirements.

The Institute for Supply Management offers the Certified Professional in Supply Management (CPSM) credential, which covers a wide scope of purchasing professional duties. To receive the CPSM credential, candidates must pass three exams and those with a bachelor’s degree must possess at least 3 years of relevant work experience while those without a bachelor’s degree must have at least 5 years of relevant work experience.

The American Purchasing Society offers the Certified Purchasing Professional (CPP) certification. The CPP certification is valid for 5 years. Candidates must earn a certain number of professional development “points” to renew their certification. Candidates initially become eligible and can renew their certification through a combination of purchasing-related experience, education, and professional contributions (such as published articles or delivered speeches).

APICS offers the Certified Supply Chain Professional (CSCP) credential. Applicants must have 3 years of relevant business experience or a bachelor’s degree in order to be eligible for the CSCP credential. The credential is valid for 5 years. Candidates must also earn a certain number of professional development points to renew their certification.

The Next Level Purchasing Association offers the Senior Professional in Supply Management (SPSM) Certification. Although there are no education or work experience requirements, applicants must complete six online courses and pass an SPSM exam. Certification is valid for 4 years. Candidates must complete 32 continuing education hours in procurement-related topics to recertify for an additional four-year period.

The Universal Public Procurement Certification Council (UPPCC) offers two certifications for workers in federal, state, and local government. The Certified Professional Public Buyer (CPPB) credential requires applicants to have earned at least an associate’s degree, possess at least 3 years of public procurement experience, and complete relevant training courses. The Certified Public Purchasing Officer (CPPO) requires applicants to have earned a bachelor’s degree, possess at least 5 years of public procurement experience, and complete additional training courses.

Those with the CPPB or the CPPO designation must renew their certification every 5 years by completing continuing education courses or attending procurement-related conferences or events.

The National Institute of Government Purchasing (NIGP), Institute for Public Procurement offers preparation courses for the UPPCC certification exams.

Advancement

An experienced purchasing agent or buyer may become an assistant purchasing manager before advancing to purchasing manager, supply manager, or director of materials management. Buyers and purchasing agents with extensive work experience can also advance to become the Chief Procurement Officer (CPO) for an organization.

Important Qualities

Analytical skills. When evaluating suppliers, buyers and purchasing agents must analyze their options and choose a supplier with the best combination of price, quality, delivery, or service. 

Decisionmaking skills. Buyers and purchasing agents must have the ability to make informed and timely decisions, choosing products that they think will sell.

Math skills. Buyers and purchasing agents must possess basic math skills. They must be able to compare prices from different suppliers to ensure that their organization is getting the best deal. 

Negotiating skills. Buyers and purchasing agents often must negotiate the terms of a contract with a supplier. Interpersonal skills and self-confidence, in addition to knowledge of the product, can help lead to successful negotiations.

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Procurement Analyst jobs

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Real Procurement Analyst Salaries

Job Title Company Location Start Date Salary
Global Procurement Analyst Pepsico, Inc. NY Mar 21, 2016 $146,806
SAP Procurement Analyst Bloomberg, LP New York, NY Nov 26, 2012 $140,000
SAP Procurement Analyst Bloomberg, LP New York, NY Nov 26, 2015 $135,000
SAP Procurement Analyst Bloomberg, LP New York, NY Nov 25, 2013 $130,000
SAP Procurement Analyst Bloomberg, LP New York, NY Jun 09, 2015 $130,000
Indirect Procurement Analyst ELC Management LLC Melville, NY Dec 31, 2015 $128,800
Indirect Procurement Analyst ELC Management LLC Melville, NY Jun 13, 2016 $128,800
Procurement Analyst 5 Paypal, Inc. San Jose, CA Sep 17, 2016 $118,024
SAP Procurement Analyst (SAP Systems) Bloomberg L.P. New York, NY Dec 15, 2014 $115,000 -
$150,000
Procurement Analyst Apple Inc. Cupertino, CA Jul 31, 2014 $113,027 -
$125,000
Procure To Pay Analyst Mead Johnson & Company, LLC Evansville, IN Jul 08, 2013 $110,000
Procurement Analyst Apple Inc. Cupertino, CA Sep 13, 2013 $108,888 -
$125,000
Procurement Analyst Apple Inc. Cupertino, CA Jul 08, 2014 $105,000 -
$125,000
Procurement Analyst Ed&F Man Liquid Products LLC Tomball, TX Sep 10, 2014 $78,000
ERP Procurement Analyst Pyramid Technology Solutions, Inc. Houston, TX Aug 18, 2015 $76,503
ERP Procurement Analyst Pyramid Technology Solutions, Inc. Houston, TX Nov 23, 2013 $76,502
Procurement Analyst Valeo Climate Control Corp. Auburn Hills, MI Sep 19, 2012 $75,000
Procurement Analyst Levi Strauss &Amp; Co. San Francisco, CA Feb 09, 2015 $75,000
ERP Consultant-Procurement Analyst Ingersoll Rand Company Davidson, NC Apr 14, 2011 $74,460
Procurement Analyst Niagara Bottling, LLC Ontario, CA Feb 09, 2016 $74,000
Procurement Analyst MSG Sports & Entertainment, LLC New York, NY Jan 10, 2015 $58,600 -
$104,200
Procurement Analyst The Dannon Company, Inc. White Plains, NY Aug 15, 2014 $58,011 -
$72,000
Procurement Analyst HINO Motors Manufacturing U.S.A., Inc. Farmington Hills, MI Aug 01, 2012 $58,000
Global Procurement Analyst Mauser USA, LLC East Brunswick, NJ Sep 11, 2014 $58,000 -
$66,583
Indirect Procurement Analyst Wolverine World Wide, Inc. Rockford, MI Sep 26, 2011 $57,000
Procurement Analyst Bristol-Myers Squibb Company Princeton, NJ Sep 09, 2015 $57,000
Purchasing and Procurement Analyst National Molding, LLC Miami Lakes, FL Jan 09, 2016 $55,400
Chemical Procurement Analyst Wistron Greentech (Texas) Corporation McKinney, TX Sep 08, 2015 $55,182

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Top Skills for A Procurement Analyst

SupplierPerformancePurchaseOrdersVendorRelationshipsProceduresProposalsFinancialAnalysisDataEntryRFPProcurementPoliciesCostSavingsRFQLogisticsCustomerServiceAribaCommodityERPRawMaterialProcurementProcessBuyersProcessImprovement

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Top Procurement Analyst Skills

  1. Supplier Performance
  2. Purchase Orders
  3. Vendor Relationships
You can check out examples of real life uses of top skills on resumes here:
  • Established and employed new systems to evaluate supplier performance on key metrics designed to track and identify essential supplier opportunities.
  • Issued Purchase Orders and received all Automation Inventory into system for all of Chesapeake's Inventory Yards.
  • Provide assistance in giving strategic direction for designated vendor relationships.
  • Documented requirements and procedures to provide support in order to effectively manage external supplier relationships.
  • Provided assistance to program personnel in preparation of grants proposals or contracts agreements.

Top Procurement Analyst Employers

Procurement Analyst Videos

A Day in the Life -- Supply Chain

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Michael Page Procurement & Supply Chain: 2012 Salary and Employer Insight

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