Varsity Education - Procurement Analyst

Procurement Analyst (4-6 yrs)

Roles & Responsibilities:

The Procurement Analyst is responsible for analyzing purchasing data, identifying cost-saving opportunities, supporting vendor evaluation, and optimizing procurement processes. This role helps ensure efficient, cost-effective, and compliant procurement operations by leveraging data insights and market intelligence.

1. Data Analysis & Reporting

- Analyze procurement data to identify spending patterns, supplier performance, and cost-saving opportunities.

- Develop dashboards, reports, and KPIs for procurement performance tracking.

- Monitor compliance with procurement policies and contract terms.

2. Vendor & Market Analysis

- Conduct market research and benchmarking to support sourcing decisions.

- Assist in vendor evaluation, onboarding, and ongoing performance tracking.

- Analyze vendor pricing, delivery timelines, and service quality.

3. Cost Optimization

- Identify areas for cost reduction and process improvement in purchasing operations.

- Support strategic sourcing initiatives through spend analytics and demand forecasting.

4. Systems & Tools

- Maintain and improve data in ERP or procurement software (e.g., SAP, Oracle, Coupa, Ariba).

- Support e-procurement initiatives, catalog management, and supplier portals.

Desired Profile:

- Bachelor's degree in Engineering; MBA or relevant certifications (e.g., CSCP, CIPS) is a plus.

- 2-5 years of experience in procurement, supply chain analytics, or sourcing.

- Proficiency in Excel, Power BI, and ERP/procurement platforms.

- Strong analytical skills with experience in data modeling and spend analysis.

- Analytical thinking and attention to detail

- Strong Excel and data visualization capabilities

- Knowledge of procurement processes and contract management

- Excellent communication and interpersonal skills

- Ability to manage multiple priorities and deadlines

- Familiarity with supply chain risks and cost drivers