Sourcing Analyst II

$89,440 - $89,440/Yr

Tandym Group - Princeton, NJ

Full-time - Mid Level

Princeton, NJ

Administrative and Support Services

About the position

The Sourcing Analyst II position at a New Jersey-based pharmaceutical organization focuses on supporting procurement and strategic sourcing activities. The role involves analyzing data, conducting market research, and assisting in supplier management to align sourcing strategies with business objectives.

Responsibilities

• Analyze sourcing and procurement data to identify trends, savings opportunities, and supplier performance issues.
• Conduct market research to identify potential suppliers, market trends, and pricing benchmarks.
• Support supplier selection, performance evaluations, and relationship management.
• Assist in the development and implementation of sourcing strategies that align with business objectives.
• Identify cost-saving opportunities through negotiations, alternative sourcing options, and process improvements.
• Assist in negotiating contracts with suppliers, including terms, pricing, and service levels.
• Perform other duties, as needed.

Requirements

• 2+ years of experience in Sourcing, Procurement, or Supply Chain roles.
• Bachelor's degree in Supply Chain Management, Business, Finance, or a related field.
• Strong analytical skills and experience with data analysis tools (e.g., Excel, SAP, Power BI).
• Knowledge of procurement processes, contract management, and supplier negotiations.
• Excellent communication and interpersonal skills.
• Detail-oriented with strong organizational abilities.
• Ability to work in a fast-paced, dynamic environment.
• Proficiency in sourcing tools and technologies.

Nice-to-haves

• Experience with strategic sourcing or category management.
• Knowledge of supply chain sustainability practices.
• Familiarity with ERP systems - Oracle.
• Certification in procurement (e.g., CPSM, CIPS).

Benefits

• Competitive hourly pay up to $43.
• Opportunity to work in a growing pharmaceutical organization.