Procurement Analyst

About ITS Logistics

Are you ready to unleash your potential and be a part of one of the fastest growing, exciting, logistics companies in the US? ITS Logistics is a premier Third-Party Logistics company that provides creative supply chain solutions. With the highest level of service, unmatched industry experience and work ethic, and a laser focus on innovation and technology–our purpose is to improve the quality of life by delivering excellence in everything we do.

At ITS, we invest in your personal and professional growth, providing the tools, resources, and support you need to unleash your full potential, collaborate with like-minded teammates, and seize limitless opportunities. By joining our all-star team, you will be part of an organization that values your unique skills, encourages your drive for excellence, and recognizes your unwavering commitment to achieving our shared goals.

We empower our team members to become champions in their respective fields by nurturing a culture of collaboration, competition, and unyielding resilience. We believe that together, we can conquer any challenge and achieve remarkable victories.

Want to learn more about ITS Logistics? Check out our website! www.its4logistics.com

ABOUT THE POSITION

The Procurement Analyst will be responsible for researching and identifying opportunities to reduce operating costs across key lines of business. This role involves conducting regular audits of current providers to ensure that operational standards are maintained, performing cost-benefit analysis to identify lanes operating outside of market regulations, and generating regular reports on capacity activities and procurement findings.

Responsibilities:

• Cost Reduction Opportunities:
  Research and identify opportunities to lower operating costs across key lines of business by analyzing procurement data and market trends. Suggest and implement strategies to improve cost efficiency.
• Provider Audits & Operational Standards:
  Conduct regular audits of current providers to ensure that they are meeting operational standards, compliance regulations, and service level agreements. Report on audit findings and recommend corrective actions as needed.
• Cost-Benefit Analysis:
  Perform detailed cost-benefit analysis on procurement activities, evaluating opportunities where lanes may be operating outside of market regulations and recommending necessary adjustments.
• Market Regulation Compliance:
  Ensure that all procurement activities and lane operations adhere to market regulations. Identify any discrepancies and work with relevant teams to ensure compliance with legal and regulatory standards.
• Procurement Reporting & Analysis:
  Generate regular reports on capacity activities, procurement findings, and operational performance. Present these reports to senior management, providing insights and recommendations for optimization.
• Vendor Relationship Management:
  Support the procurement team in managing relationships with vendors and service providers. Ensure that performance metrics are met and that cost-effective solutions are being implemented across the supply chain.
• Data-Driven Procurement Strategy:
  Utilize data to drive procurement strategy, focusing on cost reduction, improved operational efficiency, and better alignment with market trends.
• Cross-Functional Collaboration:
  Work closely with other departments, including Operations, Finance, and Logistics, to ensure alignment on procurement objectives and goals.
• Process Improvement:
  Identify and recommend improvements to procurement processes and systems, ensuring that data collection, analysis, and reporting are streamlined and effective.

Requirements:

Experience:

• 2+ years of experience in procurement analysis, supply chain management, logistics or a related field.
• Experience conducting cost-benefit analysis and audits in a procurement or supply chain environment.  
• Advanced Microsoft Excel skills are required.
• Experience with Python is preferred.
• Familiarity with market regulations and compliance standards within procurement activities is preferred.

Education:

• A bachelor’s degree in business, supply chain management, economics, or a related field is required. Equivalent work experience or certifications may substitute for formal education.

Skills, Abilities & Ideal Candidate Profile:

• Analytical Skills: Strong ability to conduct cost-benefit analysis, interpret procurement data, and identify cost-saving opportunities.
• Attention to Detail: Highly detail-oriented, ensuring that audits, compliance checks, and reports are thorough and accurate.
• Market Knowledge: Understanding of market regulations and trends that affect procurement, including compliance and cost management.
• Communication Skills: Strong verbal and written communication skills, capable of presenting findings and recommendations clearly to senior management and stakeholders.
• Problem-Solving: Ability to identify issues within procurement processes and propose actionable solutions to enhance operational performance.
• Collaboration: Able to work closely with cross-functional teams, ensuring alignment of procurement objectives with organizational goals.
• Vendor Management: Experience working with vendors and service providers to ensure cost-effective solutions and high service standards.
• Data-Driven: Proficient in using data analysis tools, including Excel or other procurement-specific software, to make informed decisions.
• Organizational Skills: Strong organizational skills with the ability to manage multiple procurement projects simultaneously.