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Sourcing Analyst

Job in Chicago, Cook County, Illinois, 60290, USA
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
Salary/Wage Range or Industry Benchmark: 80000 - 110000 USD Yearly USD 80000.00 110000.00 YEAR
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.
Required Qualifications
  • 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.
Preferred Qualifications
  • Experience with supplier risk management and contract management.
  • Experience working with AI‑related procurement initiatives.
  • Presentation and stakeholder engagement experience.
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