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Procurement Analyst Franklin Lakes United States,
Becton Dickinson (company)
Posted on : 04 April 2017
- The Procurement Analyst is responsible for supporting WW Category Management decisions by providing business and market intelligence, management of data and analytics, and tracking / reporting of metrics.
- The Sourcing Analyst will provide analytical support for programs, processes, and initiatives related to Strategic Sourcing and Supplier Management, which includes internal and external spend; industry, supplier, market and economic factors that impact key spend categories; functional metrics, as well as metrics, reporting and compliance related to the above.
- The Procurement Analyst is expected to acquire a broad base knowledge of the areas for which he/she is responsible, providing support to sourcing associates, BD businesses and Global Procurement in general.
- The Procurement Analyst exercises judgment based upon strong analytics, market, business and economic intelligence to provide in-depth insights and information to Global Procurement and BD cross-functional teams.
- Typical internal analyses and tasks include spend analysis and forecasting, leveraging the use of BD s data management systems including ERPs with respect to key categories, regions and/or businesses; supplier risk assessments, including liquidity, business continuity & pandemic; quality and regulatory monitoring; maintaining critical segmentation and other vendor data; all in support of options generation and benchmarking activities.
- External analyses include market, economic and other research data, inflation, currency and oil pricing, etc.
- These analyses are conducted in alignment with the appropriate elements of the BD strategic sourcing process.
- On an ongoing basis, the Sourcing Analyst monitors, analyzes and synthesizes changes to the internal and external drivers that can impact future performance.
- The Analyst is responsible for supporting the scoping and development of the service delivery model for an Analytics and Compliance COE and contributing to the establishing and documenting of work processes to take mechanics to insights.
From a quantitative reasoning perspective, regardless of the analytical task, the Procurement Analyst:
- Interprets mathematical models such as graphs, tables, metrics and schematics and draws inferences from them
- Estimates and considers analysis of data in order to determine root causes and opportunities for improvement
- Represents quantitative information numerically, symbolically and visually using graphs and charts
Degree of Accountability:
- The Procurement Analyst is responsible for timely delivery of accurate information to support strategic decision making, and in doing so must be sensitive to internal customer deadlines. Additional responsibilities may include database administration and support of selected global procurement programs.
- The associate must be able to translate internal customer requirements into actionable tasks and be able to work independently with minimal supervision.
- They are accountable for the delivery of market intelligence by working with third parties and the global procurement organization.
- Performance is measured versus agreed targets of the team as well as effective implementation of the analytics and compliance processes.
The Procurement Analyst is accountable for delivering accurate data in a timely manner to support and measure the results of key business decisions that can affect BD financial performance.
Scope of Responsibility % of Time
- 30% Spend trend analysis
- 10% Functional and other dashboard executive level reporting
- 30% Economic research and trend forecasting
- 30% Other BI, supplier and supply market research and analysis in support of category strategies, purchase price cost analysis, cost modeling, compliance, functional metrics and dashboard and support for risk monitoring /identification / mitigation
Sphere of Influence
- Works independently with minimal supervision, but engages broadly with the Global Procurement Function.
- The sphere of influence can extend to peers, team members, BD sites, corporate functions and key stakeholders to gather information and develop insights in support and influence of business cases for categories and procurement processes.
- A concentration in supply chain management, research or related field is desired
- A Bachelor s Degree in business management, accounting/finance or related field is required
- A minimum of three to five years of business experience required, with some experience as a business partner in procurement, research or a related field desired.
- Knowledge of purchasing principles and practices
- Knowledge of financial accounting principles
- Significant independent capability with quantitative and financial analysis
- Cost management practices, with history of delivery against targets
- IT systems including the Microsoft Office Suite, an ERP system and internet search engines
- Ability to multi-task and work effectively for a wide range of internal customers under tight deadlines; present data, business cases and proposals logically; time management and project prioritization
- Supply market research and data analysis
Preferred Knowledge & Experience
- Manufacturing and supply chain
- Financial analysis
- Project management
- Up to 25%, depending on BD work location and assigned spend categories
Franklin Lakes New Jersey
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