Sourcing Analyst

Job Title: Senior Analyst - Sourcing

Department: Strategic Sourcing

Reports to: Senior Manager Material Management

Location: In office, American Fork, Utah or Oak Creek, Wisconsin

The Senior Analyst Sourcing will play a pivotal role in the overall success of the Strategic Sourcing team by quickly developing data integrity and processes that once in place will provide strong reliable ongoing information to help sourcing and the company in general make better and faster decisions. Establishing and then maintaining and continually improving the underlying information that supports Sourcing’s success will be a primary goal. While the Sr. Analyst will report to the Sr. Manager of Material Management, the candidate will be required to deal at all levels of both the Sourcing team but also other internal stakeholders within the Thrive company Network. Integrity behind the analysis work, an ability to clearly explain findings and results with stakeholders will be critical to the person’s success.

Essential Functions Include:

• Maintains a monthly spend file that shows total spend across the organization and provides clear analysis and findings on trends
• Conduct in-depth cost, price, and spend analyses to identify savings opportunities and support sourcing strategies.
• Understands and is emersed in the details of our inventory levels throughout the internal Thrive operational Network but as importantly, our extensive Co Manufacturing partners in North America and overseas
• Works closely with the Thrive planning team to ensure alignment on inventory data and support the lead buyers and demand planners on making future buy plans to keep inventories at the agreed-to and appropriate levels
• Will be deep in the details of Sourcing Cost savings, cash and other metrics and will be accountable for reporting those out each month with the Monthly Sourcing Dashboard
• Will support where directed to help buyers on analysis and results of bidding and RFP events
• Develop supplier performance scorecards, risk assessments, and continuous improvement metrics.
• Be the conduit between Thrive Planning – and outside Third-Party Manufacturing with specific focus on overseas Thrive co-man suppliers in the areas of long term capacity planning, shorter term scheduling and production shipments to North America
• Maintain and enhance supplier databases, vendor master records, and contract repositories.
• Serve as a subject matter expert in procurement systems (ERP, BI tools)

Qualifications Include:

• Requires a bachelor's degree, or 5 years equivalent experience in a similar role and field.
• 4-7 years of experience
• Excellent excel Skills – advanced with a fluent capability in pivot table work
• Strong investigative skills
• A self-starter who has a strong ability to dig in and solve problems
• Advanced proficiency in Excel and Power BI
• Strong understanding of ERP systems (JF/D365 a plus)
• Demonstrated ability to analyze large datasets and translate insights into business recommendations.
• Strong financial acumen and understanding of cost structures, budgeting, and forecasting.
• Excellent communication skills.
• Strong problem-solving skills
• High attention to detail, accuracy, and process discipline.

Physical Requirements - Must be able to perform the following functions with or without accommodations:

• Consistent and reliable attendance
• Occasional travel – less than 10%
• Prolonged periods sitting at a desk and working on a computer.
• Must be able to lift up to 15 pounds at times.