Strategic Sourcing Analyst

Summary

Strategic Sourcing Analyst

The Strategic Sourcing analyst provides analytical, operational, and project support for the Indirect Procurement organization in support of enterprise objectives. This role partners closely with Strategic Sourcing Managers and business stakeholders to supportstrategic sourcing initiatives, supplier management activities, spend analysis, contract administration, and procurement process improvement. The Strategic Sourcing analyst operates with a high degree of agility, providing cross-functional support across multiple indirect spend categories and can shift priorities to meet evolving business needs.

The Strategic Sourcing Analyst serves as a key resource in maintaining procurement data, supporting sourcing events, monitoring supplier performance, and identifying opportunities to improve operational efficiency and deliver value across SRS's indirect spend categories, including Facilities, Fleet, Contingent Labor, HR, IT, and other corporate services or operations categories.

Key Responsibilities:

• Analyze spend, supplier performance, market trends, and business requirements to identify sourcing opportunities and cost optimization initiatives.
• Support Strategic Sourcing Managers in developing and executing category strategies through spend analysis, market research, and supplier evaluations.
• Collect, analyze, and maintain procurement data to identify sourcing opportunities, spend trends, savings opportunities, and supplier performance insights.
• Assist in the execution of strategic sourcing events, including RFIs, RFPs, RFQs, supplier communications, bid analysis, and recommendation development.
• Maintain procurement systems, contract repositories, supplier records, and category documentation to ensure data accuracy and accessibility.
• Monitor supplier compliance with contractual terms, pricing agreements, service levels, and preferred supplier programs; escalate issues as appropriate.
• Assist with supplier performance reporting, scorecards, business reviews, and continuous improvement initiatives.
• Develop dashboards, reports, and key performance indicators to measure procurement performance, savings, supplier compliance, and category results.
• Support contract administration activities, including contract renewals, expiration tracking, and document management.
• Identify opportunities to improve procurement processes, reporting capabilities, and operational efficiencies through automation and standardization.
• Build and maintain comprehensive category intelligence including spend analytics, supplier segmentation, contract repository, market assessments, and sourcing pipeline.
• Support annual budgeting and forecasting activities by providing category-specific market intelligence and cost projections.
• Identify opportunities to standardize products, services, specifications, and purchasing processes across the enterprise.
• Ensure procurement activities comply with company policies, ethical sourcing standards, and contractual obligations.
• Continuously evaluate market conditions, emerging suppliers, and industry trends to maintain competitive sourcing strategies.

Direct Manager Direct Reports:

• Direct Manager: Senior Director, Indirect Procurement
• Direct Reports: None.

Travel Requirements:

Limited travel (up to 10%) may be required to support supplier meetings, business reviews, branch visits, training, or procurement team initiatives.

Physical Requirements:

The role of Strategic Sourcing Manager primarily involves duties performed in a hybrid remote / standard office setting, requiring consistent use of a computer and other office equipment. Individuals must be able to engage in necessary communication skills involving both verbal and written interactions with team members and external partners. The physical demands include the ability to remain in a stationary position for extended periods, frequently moving about the office to access files and office machinery, and occasionally lift or move objects weighing up to 15 pounds. Reasonable accommodation may be made to enable individuals with disabilities to perform these essential functions, ensuring all qualified candidates have equitable opportunity to fulfill the responsibilities of the position effectively.

Working Conditions:

The Strategic Sourcing Analyst operates within a dynamic, hybrid work environment that combines in-office presence with remote flexibility to ensure optimal collaboration and performance. The Strategic Sourcing Analyst works in a fast-paced, collaborative environment supporting multiple procurement initiatives simultaneously. The position requires strong analytical thinking, attention to detail, effective communication, and the ability to prioritize competing assignments while meeting established deadlines.

Minimum Qualifications:

• Bachelor's degree in Business Administration, Supply Chain Management, Finance, Data Analytics, or a related field.
• 1 or more years of experience in procurement, finance, supply chain, or a related analytics role
• Strong analytical skills and proficiency in utilizing reporting and analytics tools to evaluate supplier performance, spend, and market trends.
• Detail-oriented with the ability to manage multiple priorities and projects concurrently in a fast-paced environment.
• Strong ethics and commitment to upholding high ethical standards in all business activities.
• Proficiency in Microsoft Office Suite, specifically Excel, and familiarity with enterprise resource planning (ERP) systems.

Preferred Qualifications:

• Knowledge of procurement best practices, sourcing methodologies, and supplier management processes.
• Demonstrated success supporting competitive sourcing events
• Experience developing reports, dashboards, or with data analytics platforms to support strategic decision-making processes
• Familiarity with contract management systems and procurement technologies.
• Experience using Power BI or other business intelligence tools

Minimum Education:

A Bachelor's degree in Business Administration, Supply Chain Management, Finance, Data Analytics, or a related field is required.

Preferred Education:

Bachelor's degree in Supply Chain Management, Business Administration, Procurement, Finance, Accounting, Economics, Operations Management, Industrial Engineering, or a related field. Coursework or concentration in supply chain, procurement, business analytics, data analytics, or operations is preferred.

Minimum Years Of Work Experience:

The Strategic Sourcing analyst role requires a minimum of 1-year relevant work experience.

Certifications:

None Required.

Competencies:

• Analytical Acumen: Possesses strong analytical capabilities to assess market data, evaluate vendor performance, and make data-driven recommendations that enhance category total cost of ownership, strategically aligning supplier contributions with corporate financial objectives.
• Communication Excellence: Exhibits professional communication skills, enabling effective interactions with vendors, internal stakeholders, and cross-functional teams to facilitate the development of strategic sourcing events and category strategies.
• Ethical Standards and Integrity: Upholds the highest ethical standards, consistently demonstrating integrity in supplier interactions and contract negotiations, aligning with the organization's values and ethical guidelines.

Work Location: 7440 State Highway 121, McKinney, TX 75070.

Remote/Virtual, Hybrid, or in-office: Hybrid: 3-4 days in office per week with 1-2 remote days per week

Competitive weekly/bi-weekly pay, discretionary bonuses, 401(k) with company match, Employee Stock Purchase Plan, paid time off (vacation, sick, volunteer, holidays, birthday, floating), medical/dental/vision, flexible spending accounts, company-paid life and short-term disability, plus optional long-term disability, and additional life insurance. All benefits subject to eligibility.

Job Description

Strategic Sourcing Analyst

The Strategic Sourcing analyst provides analytical, operational, and project support for the Indirect Procurement organization in support of enterprise objectives. This role partners closely with Strategic Sourcing Managers and business stakeholders to supportstrategic sourcing initiatives, supplier management activities, spend analysis, contract administration, and procurement process improvement. The Strategic Sourcing analyst operates with a high degree of agility, providing cross-functional support across multiple indirect spend categories and can shift priorities to meet evolving business needs.

The Strategic Sourcing Analyst serves as a key resource in maintaining procurement data, supporting sourcing events, monitoring supplier performance, and identifying opportunities to improve operational efficiency and deliver value across SRS's indirect spend categories, including Facilities, Fleet, Contingent Labor, HR, IT, and other corporate services or operations categories.

Key Responsibilities:

• Analyze spend, supplier performance, market trends, and business requirements to identify sourcing opportunities and cost optimization initiatives.
• Support Strategic Sourcing Managers in developing and executing category strategies through spend analysis, market research, and supplier evaluations.
• Collect, analyze, and maintain procurement data to identify sourcing opportunities, spend trends, savings opportunities, and supplier performance insights.
• Assist in the execution of strategic sourcing events, including RFIs, RFPs, RFQs, supplier communications, bid analysis, and recommendation development.
• Maintain procurement systems, contract repositories, supplier records, and category documentation to ensure data accuracy and accessibility.
• Monitor supplier compliance with contractual terms, pricing agreements, service levels, and preferred supplier programs; escalate issues as appropriate.
• Assist with supplier performance reporting, scorecards, business reviews, and continuous improvement initiatives.
• Develop dashboards, reports, and key performance indicators to measure procurement performance, savings, supplier compliance, and category results.
• Support contract administration activities, including contract renewals, expiration tracking, and document management.
• Identify opportunities to improve procurement processes, reporting capabilities, and operational efficiencies through automation and standardization.
• Build and maintain comprehensive category intelligence including spend analytics, supplier segmentation, contract repository, market assessments, and sourcing pipeline.
• Support annual budgeting and forecasting activities by providing category-specific market intelligence and cost projections.
• Identify opportunities to standardize products, services, specifications, and purchasing processes across the enterprise.
• Ensure procurement activities comply with company policies, ethical sourcing standards, and contractual obligations.
• Continuously evaluate market conditions, emerging suppliers, and industry trends to maintain competitive sourcing strategies.

Direct Manager Direct Reports:

• Direct Manager: Senior Director, Indirect Procurement
• Direct Reports: None.

Travel Requirements:

Limited travel (up to 10%) may be required to support supplier meetings, business reviews, branch visits, training, or procurement team initiatives.

Physical Requirements:

The role of Strategic Sourcing Manager primarily involves duties performed in a hybrid remote / standard office setting, requiring consistent use of a computer and other office equipment. Individuals must be able to engage in necessary communication skills involving both verbal and written interactions with team members and external partners. The physical demands include the ability to remain in a stationary position for extended periods, frequently moving about the office to access files and office machinery, and occasionally lift or move objects weighing up to 15 pounds. Reasonable accommodation may be made to enable individuals with disabilities to perform these essential functions, ensuring all qualified candidates have equitable opportunity to fulfill the responsibilities of the position effectively.

Working Conditions:

The Strategic Sourcing Analyst operates within a dynamic, hybrid work environment that combines in-office presence with remote flexibility to ensure optimal collaboration and performance. The Strategic Sourcing Analyst works in a fast-paced, collaborative environment supporting multiple procurement initiatives simultaneously. The position requires strong analytical thinking, attention to detail, effective communication, and the ability to prioritize competing assignments while meeting established deadlines.

Minimum Qualifications:

• Bachelor's degree in Business Administration, Supply Chain Management, Finance, Data Analytics, or a related field.
• 1 or more years of experience in procurement, finance, supply chain, or a related analytics role
• Strong analytical skills and proficiency in utilizing reporting and analytics tools to evaluate supplier performance, spend, and market trends.
• Detail-oriented with the ability to manage multiple priorities and projects concurrently in a fast-paced environment.
• Strong ethics and commitment to upholding high ethical standards in all business activities.
• Proficiency in Microsoft Office Suite, specifically Excel, and familiarity with enterprise resource planning (ERP) systems.

Preferred Qualifications:

• Knowledge of procurement best practices, sourcing methodologies, and supplier management processes.
• Demonstrated success supporting competitive sourcing events
• Experience developing reports, dashboards, or with data analytics platforms to support strategic decision-making processes
• Familiarity with contract management systems and procurement technologies.
• Experience using Power BI or other business intelligence tools

Minimum Education:

A Bachelor's degree in Business Administration, Supply Chain Management, Finance, Data Analytics, or a related field is required.

Preferred Education:

Bachelor's degree in Supply Chain Management, Business Administration, Procurement, Finance, Accounting, Economics, Operations Management, Industrial Engineering, or a related field. Coursework or concentration in supply chain, procurement, business analytics, data analytics, or operations is preferred.

Minimum Years Of Work Experience:

The Strategic Sourcing analyst role requires a minimum of 1-year relevant work experience.

Certifications:

None Required.

Competencies:

• Analytical Acumen: Possesses strong analytical capabilities to assess market data, evaluate vendor performance, and make data-driven recommendations that enhance category total cost of ownership, strategically aligning supplier contributions with corporate financial objectives.
• Communication Excellence: Exhibits professional communication skills, enabling effective interactions with vendors, internal stakeholders, and cross-functional teams to facilitate the development of strategic sourcing events and category strategies.
• Ethical Standards and Integrity: Upholds the highest ethical standards, consistently demonstrating integrity in supplier interactions and contract negotiations, aligning with the organization's values and ethical guidelines.

Work Location: 7440 State Highway 121, McKinney, TX 75070.

Remote/Virtual, Hybrid, or in-office: Hybrid: 3-4 days in office per week with 1-2 remote days per week

Competitive weekly/bi-weekly pay, discretionary bonuses, 401(k) with company match, Employee Stock Purchase Plan, paid time off (vacation, sick, volunteer, holidays, birthday, floating), medical/dental/vision, flexible spending accounts, company-paid life and short-term disability, plus optional long-term disability, and additional life insurance. All benefits subject to eligibility.