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Procurement / Purchasing Analysts have the key responsibility to analyse market outlooks and determine when and what to buy when contracting with vendors, ordering supplies, or making a big investment in a product, technology, etc. They participate in the development and implementation of short term strategies to procure / purchase commodities across all categories.
Working at NTT
Key Roles and Responsibilities:
- Serve as the liaison between the business and vendors.
- Sourcing and vetting vendors, negotiating contracts and presenting deals to decision makers.
- Reviewing and processing requisitions to ensure timely order submission and negotiating costs, delivery schedules and contract terms.
- Analyzing documented comparative costs submitted by suppliers in the RFP process.
- Monitoring and updating item, commodity and other tables as given in running purchase order (PO) software application.
- Agreeing pricing and performance standards through contracts with suppliers.
- Inspecting and testing samples of products and services of vendors and documenting features and benefits of each product, using this information to make the final purchasing decision.
- Responsible for documenting the costs for all assigned vendors, as well as generating monthly cost reports to present to stakeholders.
- Recommend sourcing strategies to leadership and monitor, pursue and execute tactical and strategic initiatives as assigned.
- Administer trends and market conditions and maintain efficient flow of information for all materials.
- Prepare recommendations on the design of various cost savings programs and identify new suppliers.
- Mentor less experienced members of the team, providing coaching and on-job training as required.
- Monitor order fulfilment against purchase orders to ensure on-time deliveries.
Knowledge, Skills and Attributes:
- Specialist at the cost-benefit analysis process
- Good negotiation skills with the ability to maintain effective working relationships with suppliers/vendors
- Solid knowledge of the relevant quality standards related to products and services
- Good organisational skills
- Ability to remain calm under stress and operate in a high-pressure environment
- Good team skills, both as a leader and as a team player
- Good communication skills, especially related to facilitation, documentation and reporting
- Excellent Microsoft Office skills (Excel/Word/PowerPoint)
Academic Qualifications and Certifications:
- An associate or bachelor's degree in a relevant field of study
- Relevant certifications, e.g., CSCP, CPIM
Required Experience:
- Seasoned experience working in the field and related procurement / purchasing operational experience
- Experience conducting cost-benefit analysis
- Seasoned experience in using procurement modules for managing purchase orders, supplier information, and contract management
- Seasoned experience in evaluating the vendors that work with a company based on the vendors price, quality, and availability
Skills Summary
Contract Documentation, Cost Controls, Market Research, Regulatory Compliance, Supplier Analysis, Supplier Management, Total Cost of Ownership Analysis
Workplace type:
Hybrid Working
Equal Opportunity Employer
NTT is proud to be an Equal Opportunity Employer with a global culture that embraces diversity. We are committed to providing an environment free of unfair discrimination and harassment. We do not discriminate based on age, race, color, sex, religion, national origin, disability, pregnancy, marital status, sexual orientation, gender reassignment, veteran status, or other protected category
