Senior Procurement Analyst
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Job Description
Senior Procurement Analyst supporting Strategic Sourcing and Procurement at Nordic Naturals. Delivering data-driven insights and improving procurement capabilities through analysis and reporting.
Responsibilities:
- Provide data-driven insights and reporting to support sourcing decisions and financial planning
- Analyze spend, volume, and supplier data across categories to improve cost visibility and support sourcing decisions
- Translate demand and MRP data into clear insights, including impacts to spend, supplier capacity, and sourcing opportunities
- Develop cost models and pricing analyses, including should-cost and total cost of ownership frameworks
- Design and maintain dashboards and reporting for procurement KPIs
- Partner closely with Finance to ensure accurate tracking, validation, and actualization of cost savings and cost changes
- Support budgeting, forecasting, and variance analysis related to procurement initiatives
- Develop clear, compelling presentations and slide decks, including executive updates, supplier QBRs, and sourcing insights
- Design and maintain data structures and reporting frameworks, including spend classification, supplier hierarchies, and KPI definitions
- Develop solutions for data collection, cleansing, and analysis, including building datasets and tools where needed
- Improve tools and systems, including defining requirements, improving usability, and driving adoption
- Contribute to the procurement maturity roadmap and evaluate emerging technologies, including advanced analytics and AI-driven tools
- Partner with Category Managers to deliver market research, inflation trends, key cost drivers (e.g., fish oil, resins, freight), and supplier insights that inform category and sourcing strategies
- Track relevant indices and provide ongoing visibility into cost movements and market dynamics
- Enable RFI/RFP processes, including improving and automating workflows where possible
- Analyze and track supplier performance, developing KPIs and scorecards (cost, service, quality, reliability)
- Contribute to development of supplier management and segmentation strategies (e.g., Kraljic matrix) based on performance, risk, and strategic importance
- Track Procurement program progress and ensure visibility into realized vs. projected savings
Requirements:
- 5+ years of experience in procurement, sourcing, supply chain, or analytics roles
- Strong experience with spend analysis, cost modeling, and financial/data analysis
- Advanced proficiency in Excel and experience with BI tools (Domo, Power BI, or similar)
- Experience working with ERP or procurement systems (preference for SAP)
- Ability to translate complex data into clear insights and executive-ready materials.
- Experience building or improving data structures, reporting frameworks, or analytics capabilities (preferred)
- Experience partnering with Finance on cost tracking, budgeting, or savings validation (preferred)
- Familiarity with commodity markets, cost indices, or supply market analysis (preferred)
- Exposure to SQL, Python, or advanced analytics tools (preferred)
- Experience evaluating or implementing digital or AI-enabled procurement tools (preferred).
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