Wastequip
North Carolina
- Full Time
Key Responsibilities:
Cost Analysis:
- Analyze supplier pricing and identify potential cost reduction opportunities through market research, vendor comparisons, and negotiation strategies.
- Conduct cost-benefit analysis on different purchasing options to recommend the most financially advantageous choice.
- Track and monitor spending trends against budget to identify areas for cost optimization.
Contract Management:
- Review and negotiate contract terms with suppliers to secure favorable pricing, payment terms, and delivery schedules.
- Monitor contract compliance and address any issues that may arise with support from compliance specialists.
- Develop and implement contract management processes to ensure efficient contract administration.
Supplier Evaluation:
- Evaluate potential suppliers based on financial stability, quality standards, delivery reliability, and pricing competitiveness.
- Engage in supplier performance reviews to identify areas for improvement and address performance concerns.
- Develop and maintain a supplier or supplier category database with key financial and performance metrics.
Financial Reporting and Analysis:
- Prepare regular financial reports on purchasing spend, cost savings, and key procurement metrics.
- Analyze purchasing data to identify trends and provide insights to inform strategic procurement decisions.
- Develop financial models to forecast purchasing costs and identify potential risks.
Budgeting and Forecasting:
- Collaborate with cross-functional teams to develop procurement budgets and forecasts.
- Monitor budget variances and identify areas where adjustments may be necessary.
Project Support:
- Collaborate with strategic sourcing managers and compliance specialists on pre- and post- award supplier and project management.
- Provide financial analysis support for new product launches, cost reduction initiatives, and other procurement-related projects.
- Conduct feasibility studies and develop financial projections for potential procurement projects.
Required Skills and Qualifications:
- Bachelor’s degree in Finance, Accounting, or a related field
- 2-3 years of relevant experience
- Strong analytical skills with proficiency in data analysis and financial modeling
- Excellent communication and negotiation skills to effectively interact with suppliers and internal stakeholders
- Experience with procurement systems and ERP software (e.g., Dynamics 365, NetSuite )
- Strong understanding of financial principles and accounting practices
- Ability to work independently and as part of a cross-functional team
- Advanced proficiency in Microsoft Excel and data visualization tools
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