Highly reputable firm is seeking a Procurement Analyst. As the Procurement Analyst you will play crucial role in the procurement process of an organization, contributing to efficient and cost-effective supply chain management. Procurement Analyst will research, identify and analyze market trends and supplier performance. Collaborate to identify and quality new suppliers.· Conduct research on market trends, supplier performance, and industry best practices.· Analyze market conditions to identify potential risks and opportunities.· Provide insights into the latest developments in procurement and supply chain management.· Evaluate potential suppliers based on factors such as cost, quality, reliability, and compliance.· Maintain a database of approved suppliers and regularly assess their performance.· Collaborate with stakeholders to identify and qualify new suppliers.· Analyze and negotiate pricing structures with suppliers to ensure cost-effectiveness.· Identify opportunities for cost savings and process improvements.· Monitor and report on cost variations and trends.· Assist in the development and management of contracts with suppliers.· Ensure compliance with contractual terms and conditions.· Collaborate with legal and procurement teams to resolve contract-related issues.· Identify and assess potential risks in the supply chain.· Develop strategies to mitigate risks and ensure continuity of supply.· Monitor geopolitical, economic, and industry-specific factors that may impact procurement.· Utilize data analytics tools to extract meaningful insights from procurement data.· Prepare reports and dashboards to communicate key performance indicators.· Make data-driven recommendations to optimize procurement processes.· Identify opportunities for process improvement and automation within the procurement function.· Work with cross-functional teams to implement process enhancements.· Streamline workflows to increase efficiency and reduce operational costs.· Collaborate with internal stakeholders, including finance, operations, and legal teams.· Communicate effectively with team members and other departments.