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Procurement analyst skills for your resume and career

Updated January 8, 2025
6 min read
Quoted experts
Fang Lin,
Jill Robinson Ph.D.
Procurement analyst example skills
Below we've compiled a list of the most critical procurement analyst skills. We ranked the top skills for procurement analysts based on the percentage of resumes they appeared on. For example, 8.7% of procurement analyst resumes contained purchase orders as a skill. Continue reading to find out what skills a procurement analyst needs to be successful in the workplace.

15 procurement analyst skills for your resume and career

1. Purchase Orders

Here's how procurement analysts use purchase orders:
  • Managed the execution of purchase orders and product distribution based on operational requirements for assigned commodities and processes.
  • Maintained accuracy of purchase orders within ERP system to clearly communicate availability dates and quantities to internal customers.

2. Supplier Performance

Supplier performance refers to practices aimed at optimizing a supplier's performance and capabilities.

Here's how procurement analysts use supplier performance:
  • Developed scorecards to measure supplier performance and continuous improvement while developing exit strategies for unsuccessful products
  • Monitor supplier performance and ensure timely delivery of requirements to meet customer needs.

3. Customer Service

Customer service is the process of offering assistance to all the current and potential customers -- answering questions, fixing problems, and providing excellent service. The main goal of customer service is to build a strong relationship with the customers so that they keep coming back for more business.

Here's how procurement analysts use customer service:
  • Ensured customer service satisfaction with continual involvement in all customer service areas, public relations, and promotion of facility.
  • Communicated product specifications to our new single supplier, increasing transparency & customer service.

4. Logistics

Logistics is a complete organization and implementation of a problem. Logistics are often considered in a complex business operation, as some works need detailed plannings. Logistics are also used in military action.

Here's how procurement analysts use logistics:
  • Initiated original drafts of concept proposal and conducted candidate interviews for a Single Logistics Provider to manage transportation for the corporation.
  • Acquired early 3PL Providers' involvement in logistics improvement, warehouse optimization, and transportation maximization.

5. Strategic Sourcing

Here's how procurement analysts use strategic sourcing:
  • Manage projects, develop and deliver Financial reporting and analysis for Strategic Sourcing and Procurement.
  • Developed and updated continuity plan for Strategic Sourcing Department's Business.

6. Data Analysis

Here's how procurement analysts use data analysis:
  • Facilitated project planning, data analysis and consolidation, coordination efforts across multiple departments, and systems architecture design.
  • Conducted market research to facilitate data analysis for central procurement and stakeholders used to form strategic relationships with suppliers.

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7. Procurement Policies

A procurement policy is a type of guideline or standard of a business or industry to ensure that all the products and services are bought properly. It is one of the keys to which an enterprise can buy and sell products to make the implementation more profitable, and increase sales.

Here's how procurement analysts use procurement policies:
  • Designed and maintained procurement intranet SharePoint page to increase company awareness of preferred vendors and procurement policies
  • Identified opportunities and recommended solutions to improve compliance through improved procurement policies and procedures.

8. Price Analysis

Here's how procurement analysts use price analysis:
  • Performed cost/price analysis of supplier proposals, including audit to derive basis of submitted proposals.
  • Performed cost/price analysis on contractor proposals and made recommendations to the negotiators.

9. RFP

RFP stands for request for proposal and is a document that contains details about a project or bids from contractors who are responsible for completing the project.
Here's how procurement analysts use rfp:
  • Performed Market Research for all purchasing requests and process Request for Proposal (RFP) for GSA products through e-business systems.
  • Prepared Pre-Solicitation Reports (PSR) for oversight approval, in addition to scheduling Request For Proposal (RFP) meetings.

10. Cost Savings

Here's how procurement analysts use cost savings:
  • Worked closely with senior level management to insure cost savings goals were being achieved and tracked/reported metrics regarding performance.
  • Provided financial support and analysis to Operations and Marketing areas for strategic business decisions and cost savings initiatives

11. Procurement Process

Procurement Process refers to a method for determining what materials and products are best for a company. Many factors go into making these decisions, such as listing potential vendors and the prices of various goods or services. This process is used in several companies to assist with any activities that must be outsourced without costing the company much in cashflow.

Here's how procurement analysts use procurement process:
  • Captured, documented, transformed business requirements into solutions while updating division policy for a more efficient and streamlined procurement process.
  • Ensured accurate and efficient procurement processes and supply chain management which maximized service and minimized costs.

12. Strong Analytical

Here's how procurement analysts use strong analytical:
  • Enhanced strong analytical skills through developing market reports on real estate market and construction machinery industry.
  • Provided strong analytical support to City Manager and Deputy City Manager.

13. RFQ

A request for quotation (RFQ) is a document that a corporation submits to one or more potential suppliers obtaining quotations for a service or product. Typically, an RFQ seeks a detailed list of prices for something that is measurable like hardware and it involves more than the price per item. RFQ, call for bids and invitation for bid generally mean the same thing.

Here's how procurement analysts use rfq:
  • Assisted buyers with backlogged work by sending Requests for Quotes (RFQ) to vendors & collecting quotes from said vendors.
  • Determined evaluation factors for Simplified Acquisitions Procedures (SAP) procurement purchases and issued a Request for Quotes (RFQ).

14. Market Research

Market research is a collective effort to collect information related to a consumer's needs and wants. It is a systematic approach that involves recording and analysis of both qualitative and quantitative data. Market research helps a business to identify a target market correctly and identify the gaps in potential consumer's expectations.

Here's how procurement analysts use market research:
  • Interfaced with business owners and conducted market research to understand and rationalize the specifications and requirements for services being negotiated.
  • Supported Sales and maintained an internal database with market research market and economic trend analysis.

15. Financial Analysis

Here's how procurement analysts use financial analysis:
  • Synthesized data and identified problems through operational and financial analysis in order to improve operational and financial performance.
  • Provided financial analysis and support to account managers and vendors and focusing on cost analysis.
top-skills

What skills help Procurement Analysts find jobs?

Tell us what job you are looking for, we’ll show you what skills employers want.

What procurement analyst skills would you recommend for someone trying to advance their career?

Fang Lin

Assistant Professor of Finance, Pacific Lutheran University

Don't be afraid to negotiate your starting salary. Young journalists have a lot to offer newsrooms through social media skills and a willingness to adapt to new technologies such as artificial intelligence. Technology skills have value and should not be undersold. Also, young journalism students should not discount the value of their student media and internship experiences. Young journalists must use everything on their resumes to show how they bring value to their position and ask to be compensated fairly for the work they will contribute to the newsroom's success.

What type of skills will young procurement analysts need?

Jill Robinson Ph.D.Jill Robinson Ph.D. LinkedIn profile

Professor, University of Redlands

The entertainment industry employs graduates from various disciplines, such as theatre, music, law, art, and business. The rapidly changing, consumer-driven demand reinforces the idea that students may well hold jobs not even invented yet. Those wishing to pursue more performance-based careers must bring more than talent and big dreams. They need patience and perseverance, as it can take years to make enough money to survive in this field, leaving many to work elsewhere while trying to get their foot in the door. They must have a flexible mindset to deal with inconsistent income and schedules that can change at a moment's notice. That flexibility also extends to openness for continuous learning beyond college and throughout their careers. The ability to network is critical, so current students should look for internships and volunteer activities to access those in the industry. Joining professional associations and working in event planning are other routes to expand networking opportunities.
Do you want to know more?
Read more about what experts have to say about procurement analyst

List of procurement analyst skills to add to your resume

Procurement analyst skills

The most important skills for a procurement analyst resume and required skills for a procurement analyst to have include:

  • Purchase Orders
  • Supplier Performance
  • Customer Service
  • Logistics
  • Strategic Sourcing
  • Data Analysis
  • Procurement Policies
  • Price Analysis
  • RFP
  • Cost Savings
  • Procurement Process
  • Strong Analytical
  • RFQ
  • Market Research
  • Financial Analysis
  • ERP
  • Contract Management
  • Process Improvement
  • Vendor Relationships
  • Spend Analysis
  • Commodities
  • Data Entry
  • RFI
  • Internal Stakeholders
  • POS
  • Contract Administration
  • SharePoint
  • GSA
  • Contract Terms
  • Supplier Relationships
  • DOD
  • Cost Analysis
  • Management System
  • MRP
  • On-Time Delivery
  • KPI
  • Global Sourcing
  • Ariba
  • Statistical Data
  • Federal Acquisition Regulation
  • Strong Negotiation
  • Bid Packages
  • R
  • Inventory Management
  • Contract Negotiations
  • Procurement Management
  • Payment Terms
  • DFAR

Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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