Job Description

We are looking for a detail-oriented and analytical Purchase Research Analyst to support the procurement function. This role involves conducting in-depth research, analyzing supplier and market data, and providing insights that enable cost-effective and strategic purchasing decisions.

Key Responsibilities:

• Perform market research to identify reliable suppliers, alternative materials, and product options.

• Analyze pricing trends, vendor performance, and market conditions to assist in strategic sourcing.

• Maintain and update supplier databases, including pricing, delivery schedules, and quality benchmarks.

• Collaborate with procurement and finance teams to identify and implement cost-saving opportunities.

• Contribute to the development and execution of purchasing strategies aligned with organizational objectives.

• Prepare periodic reports on purchasing trends, cost analyses, and supply chain performance.

• Evaluate supplier quotations based on quality, cost, and delivery timelines to recommend the best options.

• Stay updated on industry developments and economic factors influencing material availability and pricing.