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Strategic Sourcing Analyst

Job Posting: Strategic Sourcing Analyst
Status: full-time permanent
Location: Brampton, ON (Hybrid 1-2 days a week in office and the rest of the time working from home) 
 
Internal posting expires on Tuesday, December 3, 2024 at 5pm EST.
Where YOU work, makes a difference. 
Life is precious and every moment matters. Dynacare is helping Canadians achieve a healthy future with care and wellness solutions that are convenient, understandable, and accessible. When you join our team, every day is an opportunity to get better and be inspired. It’s an environment where you can grow your career in any direction you choose. We’re evolving our technology and optimizing our processes, so you can do your best work, make a meaningful impact, and thrive.
 Are YOU our next Strategic Sourcing Analyst? 
As the Strategic Sourcing Analyst, reporting to the Manager, Strategic Sourcing, you will work with the Strategic Sourcing team to support executing strategic sourcing activities and bring the best value for money to the organization. You will be responsible for administering and driving improvements to the Strategic Sourcing activities for the organization. Pre contract, you will analyze and report procurement-related data and calculate the total cost of ownership for goods and services. You will also coordinate with suppliers on an as required basis to obtain quotes and required information and act as a bridge between internal and external stakeholders. Post contract, you will support to optimize contractual agreements and ensure efficiency is delivered to various aspects of our operations. 
Why Dynacare is an amazing place for YOU: 
·       Join an award-winning "Top Employer" with meaningful and impactful career opportunities. 
·       Access a health and wellness benefits program that supports you and your loved ones.
·       Grow and thrive with a dynamic, successful company through internal mobility opportunities. 
·       Invest in your future through RRSP match benefits and an employee stock purchase program. 
·       Experience a collaborative, diverse workforce that prioritizes dignity and respect for all. 

How YOU will make a difference: 
  • Understand the business requirements by coordinating with internal departments and lead complex sourcing projects at the regional and national levels. 
  • Conducting supplier spend analysis on a regular basis and perform various analysis to get insights, and trends, converting data into meaningful information. 
  • Converting business requirements into solicitation documents i.e., RFP, RFQ, and RFI. Sharing solicitation documents with vendors and assisting the strategic sourcing team with the evaluation of the received bids/quotations. 
  • Support the strategic sourcing team in arranging meetings with internal technical departments and vendors for various business requirements.  
  • Conducting market research for industry trends and sourcing vendors for different goods and services.  
  • Preparation and dissemination of different category spend analysis and cost-savings reports for strategic sourcing projects.  
  • Updating and maintaining strategic sourcing project status reports and ensuring the report contains up-to-date information related to projects.  
  • Follow up with the internal business users for obtaining the required information and providing updates to the procurement team. 
  • Coordination with the strategic sourcing team to conduct quarterly business reviews with vendors. 
  • Preparing data analysis and generating spend reports. (25%) 
  • Provide assistance in preparing RFX documents and coordination with vendor for RFX process. (25%) 
  • Continuous market research to evaluate the organizational pricing positioning for various categories. (10%) 
  • Contract tracking (rebates/spend analysis) (15%) 
  • Arranging quarterly business review meetings with sourcing specialists and vendors. (25%) 
 
What YOU bring to the role: 
  • Bachelor’s degree in engineering, Science or Business is preferred. 
  • Minimum of 1-2 years of experience in a strategic sourcing, operational procurement, or related environment. 
  • Advanced skills in data analysis are a must. 
  • Experience with MRP/ERP systems is an asset. 
  • Healthcare or life science-related experience is an asset. 
  • Advanced proficiency with MS Office, especially MS Excel (Advance level). 
  • Solid understanding of data analysis techniques.
  •   Excellent verbal and written communication and presentation skills. 
  • Learning, flexible, and adaptable behavior.  
  • Ability to perform under pressure, manage multiple projects, and respond to changing priorities and deadlines in a fast-paced environment. 
  • Ability to effectively manage constraints and competing priorities. 
  • Strong business acumen. 
  • Ability to work independently as well as a part of a team.
  • Demonstrated success at building strong relationships and collaborating with a network of internal and external Business Partners and subject matter experts
    Passionate about supporting healthy lives with commitment and care? Please apply today and let us open the door to your extended career journey. 
    Dynacare has been a “Top Employer” for many years and there is a reason why. We are a great place to work. At Dynacare, we’re proud to hire the best people. If you are looking for a meaningful career where you can support healthy lives with commitment and care – we would like to meet you. We hope you will join us in our journey to become Canada’s health and wellness solutions leader. 
    Dynacare is proud to be an equal opportunity employer committed to the attraction, selection, advancement, and fair treatment of all individuals. We believe that our diversity is our strength, so we employ a diverse workforce and respect the needs of all our employees.  
     In accordance with provincial legislation and our Accommodation Policy a request for accommodation will be accepted as part of the Dynacare hiring process.  
     
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    What You Should Know About Strategic Sourcing Analyst, Dynacare

    Are you ready to make a significant impact as a Strategic Sourcing Analyst with Dynacare? Here at Dynacare, based in the vibrant city of Brampton, ON, we’re not just about health—I mean, we are transforming care and wellness solutions for all Canadians. In this full-time, permanent role, you will become a vital part of our Strategic Sourcing team by leading and supporting critical sourcing activities to extract the best value for our organization. Imagine diving into the world of procurement, analyzing data to uncover opportunities, and collaborating with suppliers to ensure we get the best deals. Your knack for data analysis and understanding of business requirements will help you transform intricate needs into clear solicitation documents. Additionally, you’ll work on post-contract activities to help optimize our agreements and enhance overall operational efficiency. And the best part? You’ll be part of an award-winning workplace recognized as a top employer, championing a collaborative and respectful culture. If you thrive on challenges, love utilizing data to drive decision-making, and want to grow your career while making a meaningful difference in people’s lives, we’d love to hear from you. Join us, and let’s pave the way to a brighter, healthier future together. Apply now and discover the amazing opportunities for professional growth with Dynacare!

    Frequently Asked Questions (FAQs) for Strategic Sourcing Analyst Role at Dynacare
    What does a Strategic Sourcing Analyst do at Dynacare?

    As a Strategic Sourcing Analyst at Dynacare, you'll play a crucial role in driving the procurement process. Your responsibilities will include analyzing procurement-related data, coordinating with suppliers, and optimizing contracts to ensure efficiency throughout our operations. The focus is on bringing the best value for the money spent while fostering strong relationships with both internal and external stakeholders.

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    What qualifications do I need to apply for the Strategic Sourcing Analyst position at Dynacare?

    To be considered for the Strategic Sourcing Analyst role at Dynacare, you should ideally hold a Bachelor’s degree in engineering, science, or business, alongside 1-2 years of relevant experience in strategic sourcing or operational procurement. Strong data analysis skills, proficiency in MS Excel, and the ability to communicate effectively are also essential.

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    What is the work environment like for a Strategic Sourcing Analyst at Dynacare?

    At Dynacare, the work environment is hybrid, allowing you to work 1-2 days in the office and the remainder from home. We believe in fostering a diverse and respectful workplace, where collaboration and innovation thrive. You’ll be joining a supportive team focused on making a positive impact on Canadians’ health and wellness.

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    What opportunities for career growth are available for Strategic Sourcing Analysts at Dynacare?

    Dynacare offers various internal mobility opportunities, allowing Strategic Sourcing Analysts to explore different roles and advance their careers. Being part of an award-winning company means you’ll have access to continuous learning and developmental programs designed to help you grow professionally within the organization.

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    What is the importance of data analysis in the Strategic Sourcing Analyst role at Dynacare?

    Data analysis is at the heart of the Strategic Sourcing Analyst role at Dynacare. By analyzing supplier spend, market trends, and procurement data, you can derive meaningful insights that inform sourcing decisions, improve procurement outcomes, and ultimately contribute to the organization’s efficiency and effectiveness in delivering health and wellness solutions.

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    How does Dynacare support employees in terms of health and wellness?

    Dynacare is committed to promoting the well-being of its employees by offering comprehensive health and wellness benefits, including programs that cater to both you and your loved ones. As a Strategic Sourcing Analyst, you will also enjoy a supportive work culture that values work-life balance and mental health, allowing you to thrive in your role.

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    What tools and systems will I use as a Strategic Sourcing Analyst at Dynacare?

    As a Strategic Sourcing Analyst at Dynacare, you will leverage various tools and systems, including advanced proficiency in MS Excel and familiarity with MRP/ERP systems. Utilizing these tools will empower you to conduct in-depth analysis, manage procurement processes, and communicate effectively with stakeholders across the organization.

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    Common Interview Questions for Strategic Sourcing Analyst
    Can you describe your experience with data analysis and how it relates to strategic sourcing?

    When answering this question, draw on specific examples from your past roles where data analysis helped determine sourcing strategies or improved procurement processes. Highlight any tools you used and the outcomes achieved.

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    How do you prioritize competing tasks in a fast-paced environment?

    Provide specific strategies you employ to manage shifting priorities, such as making to-do lists, setting deadlines, and using project management tools. Cite an example demonstrating your success in prioritizing effectively despite competing demands.

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    What approach do you take when preparing solicitation documents like RFPs and RFQs?

    Discuss your methodical process for developing solicitation documents, emphasizing comprehension of business requirements, stakeholder collaboration, and understanding vendor capabilities. Reference past experiences to illustrate your success in this area.

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    Describe a time when you faced a challenge in your sourcing work and how you overcame it.

    Choose a specific challenge from your previous experience, detailing the actions you took to identify the problem, collaborate with team members or stakeholders, and find a solution. Highlight the positive result that followed your intervention.

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    How do you stay updated with industry trends and market research?

    Explain your methods for staying informed, such as subscribing to industry publications, attending webinars, or participating in professional networking. Discuss how you use this information in your sourcing activities to make informed decisions.

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    Can you discuss your experience working with suppliers? How do you ensure strong relationships?

    Reflect on your experience collaborating with suppliers, emphasizing your communication skills and your approach to maintaining relationships, such as regular check-ins, contract reviews, and facilitating open dialogue.

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    What do you believe is the key to successful contract negotiation?

    Outline your philosophy on negotiation, including preparation, understanding both parties' needs, and fostering a collaborative atmosphere. Supply an example where your negotiation skills led to a beneficial agreement.

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    How would you analyze current supplier spend data?

    Discuss your analytical approach to reviewing supplier spend data, including any specific tools or metrics you leverage. Highlight how such analysis informs strategic sourcing decisions and drives cost-saving initiatives.

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    How do you handle difficult conversations with vendors or internal stakeholders?

    Articulate your approach to managing tough conversations, which may include active listening, empathy, and clear communication. Provide an example where your methods led to successful resolutions.

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    What role does communication play in your job as a Strategic Sourcing Analyst?

    Emphasize the significance of communication in coordinating with cross-functional teams, negotiating with suppliers, and sharing insights with stakeholders. Share a relevant experience where your communication skills made a significant impact.

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    DATE POSTED
    November 28, 2024

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