Driving down costs of procurement will always be a key part of increasing profits, and long-term solutions need to be found to making it happen. The strategic sourcing analyst will usually be employed by larger companies with multimillion pound turnovers and a wealth of data to draw on. At this scale, seemingly tiny changes in sourcing strategy can be converted into hundreds of thousands in savings once implemented.
The role will involve a good deal of data analysis, with the analyst looking deeply into every aspect of the company’s sourcing and identifying savings or flagging up areas where there is the potential for saving, for example renegotiating contracts with certain suppliers or seeking the change suppliers. The successful strategic sourcing analyst will be a creative thinker who can come up with non-direct ways of making savings.
Because strategic sourcing takes place over the longer term, short-term gains might often prove not to be economically optimal, for example if they tie the client into contracts that could have been negotiated more advantageously if a guarantee of future custom could have been written in.
The analyst will also have to present his or her conclusions and recommendations to the board in order for them to be made company policy. There will then follow a stage of follow-up analysis to check the performance of the changes.
A good head for figures will be a key requirement for this role. It’s possible that several strands of negotiations could be going on simultaneously, with an optimum solution being concealed within them. Someone mathematically astute enough to have an instinct for finding the best deals and having their suspicions backed up by computerised analysis could be the ideal candidate, although such people could be few and far between!
Much of the work will involve meeting with other departments of the company and also with suppliers and those tendering for supply contracts, so someone who is at ease talking business and negotiating on the company’s behalf will be well suited to the role.
Needless to say, this will require superb communication skills, and an ability to think on one’s feet whilst being armed with a thorough knowledge of the employer’s strategic aims.
Cast UK is growing in the UK logistics, procurement and supply chain recruitment industry, partly because these are the only sectors we deal with. People approach us for many reasons, whether seeking more job fulfilment or simply relocating with the family, so it’s good to know that we always have the complete range of positions available nationwide.
Our founder members and consultants all come from these sectors, so we know what employers and candidates are looking for in their staff and careers respectively. As we only deal with these fields, many employers come to us first to create a candidate shortlist because they know we’re tightly focused on delivering the best people to them.
Please see what’s available in your region and if you’ve seen something you’re interested in, do get in touch – whether it’s today or tomorrow, we might have the ideal position for you.
To find out more about how Cast UK can help you recruit a Strategic Sourcing Analyst for your business or find you a job as a Strategic Sourcing Analyst then contact one of our consultant team on 0333 121 3345.
A postal county that was established in 1974, and then abolished in 1996, South Humberside was located in northern England. It became two unitary authorities: North Lincolnshire and North East Lincolnshire.
Some of the towns that were once part of South Humberside included Brigg, Cleethorpes, Grimsby and Scunthorpe. While the county may be gone in name, these locations are still excellent places for those seeking Strategic Sourcing Analyst roles.
Fishing and shipping have long been important parts of the region's economy. During the 19th century, Grimsby's port imported a variety of products including iron, wheat, hemp, flax and timber.
When the railway arrived here in the late 1840s, it provided a direct link from South Humberside to London, making it easy to get fresh fish and other produce to the capital quickly.
Currently, the Port of Grimsby is the UK's largest in terms of tonnage - its success is due to a combination of factors, including its deep-water location, ease of access to the rest of the country and a relatively equal distance (about 200 miles) from London, Edinburgh and Rotterdam.
Food processing is the region's major industry today, while renewable energy, chemicals and tech are also important.
Just some of the companies that can be found in the region include Centrica, Siemens, Young's Seafood, Findus, Tata Steel, Corus and Ericsson.
If you're on the hunt for Strategic Sourcing Analyst opportunities in South Humberside, why not get in touch with the team at Cast UK?
As recruitment consultants with extensive experience in the procurement, logistics and supply chain sectors, we can help you find a role that suits your skills and qualifications.
What's more, our regional experts can provide advice on the job market in a particular area - such as who the top employers are and the types of roles that are available.
To find out more about how Cast UK can help you find and recruit candidates within South Humberside or source a new job in South Humberside then contact one of our consultant team on 0333 121 3345.
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