Sourcing Analyst
Job in
Chicago, Cook County, Illinois, 60290, USA
Listed on 2026-07-19
Listing for:
w3r Consulting
Full Time
position Listed on 2026-07-19
Job specializations:
-
Supply Chain/Logistics
Procurement / Purchasing, Supply Chain / Intl. Trade -
Business
Supply Chain / Intl. Trade
Job Description & How to Apply Below
We are seeking a Procurement & Strategic Sourcing Analyst to support strategic sourcing, category management, and supplier relationship management within a fast-paced, matrixed environment. The ideal candidate will have experience in IT/BPO outsourcing procurement, electronic sourcing tools, supplier negotiations, and contract support. This role partners with cross-functional stakeholders to develop sourcing strategies, optimize supplier performance, reduce costs, and mitigate supplier risk.
Key Responsibilities- Support category management and execute strategic sourcing initiatives across assigned spend categories.
- Lead and support RFI/RFP processes, supplier evaluations, bid events, and vendor selection.
- Conduct market research, spend analysis, and total cost of ownership (TCO) analysis to support sourcing decisions.
- Develop sourcing strategies, supplier roadmaps, and negotiation plans aligned with business objectives.
- Negotiate pricing, contracts, commercial terms, and supplier agreements.
- Build and maintain strong relationships with internal stakeholders and external suppliers.
- Monitor supplier performance, resolve supplier issues, and drive continuous improvement initiatives.
- Identify cost‑saving opportunities, reduce procurement risks, and improve procurement processes.
- Utilize electronic sourcing and procurement tools to improve efficiency and compliance.
- Support contract drafting, procurement documentation, and sourcing best practices.
- Bachelor's degree in Business, Supply Chain, Finance, Engineering, Information Technology, or a related field.
- 2+ years of procurement, strategic sourcing, or category management experience.
- MUST HAVE: IT/BPO outsourcing procurement and sourcing experience.
- Experience using electronic sourcing/eProcurement tools (Ariba, Coupa, Jaggaer, SAP Ariba, Oracle, etc.).
- Experience managing RFI, RFP, RFQ, supplier evaluations, and contract negotiations.
- Strong analytical, financial, and research skills.
- Proficiency with Microsoft Excel, Word, PowerPoint, and other MS Office applications.
- Excellent communication, negotiation, and stakeholder management skills.
- Experience with supplier risk management and contract management.
- Experience working with AI‑related procurement initiatives.
- Presentation and stakeholder engagement experience.
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