The Sourcing Analyst will support the Pier 1 Global Sourcing team by providing data, tools, and insights that help to reduce FOB cost prices and improve profitability. The Sourcing Analyst will collaborate with a wide variety of cross-functional partners, such as Merchandising, Supply Chain, Merchandise Planning, IT, and Compliance teams, and will need to be able to effectively communicate objectives and deliverables to those partners.
Data Management: Create and manage databases for Vendor information, raw material and commodity prices, and component costs. Monitor transportation rates and global currency exchange fluctuations. Develop data and processes with a focus on the end-to-end value chain and improving overall profitability.
Development of Sourcing Tools: The Sourcing Analyst will develop tools that will assist the Global Sourcing team in conducting cost negotiations with Vendors and Agents. Tools will need to be flexible and portable as they will be used on location throughout the world. Develop tools to measure Agent and Vendor performance.
Delivery of Insights: Provide the Sourcing team with actionable insights that will improve the value Pier 1 delivers to its customers. Recommend process improvements that will improve profitability and efficiency for both internal teams and external partners. Leverage customer data and insights to ensure Sourcing teams are meeting customer expectations.
Collaboration with Business Partners: The Sourcing Analyst will collaborate with a diverse cross-functional team including Merchandising, Supply Chain, Merchandise Planning, IT and Business Analytics, and Compliance. The Sourcing Analyst will work with these partners to align on objectives and deliverables.