Protein Procurement Replenishment Analysis

Position: Protein Procurement Replenishment Analysis

Report to: Sr Director of Procurement

Location: Hawthorne, NJ

Employment Type: Full-Time

Salary: Based on Experience

The Protein Procurement Replenishment Analyst role provides essential support to the protein procurement function with the purchasing of pork, poultry, data analysis, supplier evaluations, and market trend assessments. This role enables the procurement team to make data-driven decisions, maintain supplier performance standards, and optimize costs. Here is an in-depth look at the key responsibilities of the Protein Procurement Analyst:

• Data Collection and Market Analysis
• Gather, analyze, and interpret data on protein market trends, including pricing fluctuations, supply availability, and demand forecasts, to provide insights for procurement decisions.
• Monitor commodity markets for protein sources, staying informed on factors that impact costs, such as seasonal trends, weather conditions, or geopolitical events.
• Develop and maintain market intelligence reports, tracking trends that influence protein prices and availability, helping the procurement team adapt strategies proactively.
• Supplier Performance Scorecard Management
• Maintain and update supplier scorecards that assess performance on key metrics, such as quality, delivery timeliness, pricing consistency, and compliance with contract terms.
• Conduct regular supplier evaluations using quantitative and qualitative data, identifying any areas of concern or opportunities for improvement.
• Present supplier performance insights to procurement leaders, recommending actions such as renegotiating terms, implementing corrective actions, or exploring alternative suppliers.
• Cost Analysis and Budget Support
• Analyze purchasing data to assess total cost of ownership (TCO) for protein materials, including direct costs (price per unit) and indirect costs (transportation).
• Support the procurement team in budget management by tracking and forecasting costs, highlighting variances, and identifying cost-saving opportunities.
• Create detailed reports and presentations on protein costs, helping stakeholders understand cost drivers and make informed decisions on procurement strategies.
• Purchase Order (PO) Management and Inventory Coordination
• Generate and manage purchase orders (POs) based on demand forecasts and inventory levels, ensuring timely ordering and accurate record-keeping.
• Coordinate with the inventory team to align protein material orders with production schedules and to maintain optimal stock levels.
• Monitor POs throughout the purchasing process, addressing any issues related to delays, discrepancies, or changes in order quantities.
• Supplier Credits
• Coordinate with suppliers and finance teams to capture all eligible credits, optimizing the cost-effectiveness of protein procurement.
• Provide regular reports on supplier credits, helping the procurement team measure the effectiveness of supplier partnerships.
• Risk Assessment and Mitigation Support
• Analyze potential risks in the protein supply chain, such as supplier dependency, price volatility, or disruptions due to regulatory changes.
• Assist in developing contingency plans by researching and identifying alternative suppliers or supply sources, helping the organization maintain stability in protein procurement.
• Report risk analysis findings to procurement recommending actions to mitigate identified risks and improve supply chain resilience.
• Contract Support and Compliance Tracking
• Assisted in procurement in contract management, tracking compliance with terms and ensuring all contractual obligations are met by suppliers.
• Review contract performance, identifying any discrepancies or areas where suppliers are falling short of expectations.
• Monitor compliance with regulatory and quality standards, collaborating closely with suppliers to address any issues and ensure adherence to ethical sourcing practices.
• Collaboration with Cross-Functional Teams
• Work closely with finance, operations, quality assurance, and logistics teams to align protein procurement activities with broader organizational objectives.
• Coordinate with finance on budget alignment, cost reporting, and reconciliation of protein procurement expenses.
• Collaborate with quality assurance teams to address quality issues, ensure compliance, and maintain high standards for protein materials.
• Report Generation and Data Visualization
• Prepare regular reports and dashboards for stakeholders, summarizing key metrics such as cost trends, supplier performance, and inventory levels.
• Use data visualization tools to present complex data in accessible formats, enabling the procurement team to make data-driven decisions quickly.
• Develop custom reports for procurement leaders as needed, highlighting areas of interest such as pricing trends, supplier scorecard summaries, or risk analyses.

What you’ll bring:

• Educational Background:
• Bachelor’s degree in business, Finance, Economics, Supply Chain, Agriculture, or a related area.
• Experience and Background:
• 2-3 years of strategic sourcing experience, ideally focused on direct categories.
• Practical experience in developing and executing sourcing strategies for meat products, particularly pork and poultry.
• Knowledge of commodity markets, including pricing mechanisms and supply chain dynamics.
• Key Skills and Abilities:
• Strong communication skills, both written and verbal, including the ability to effectively deliver presentations.
• Proven ability to cultivate and maintain relationships across cross-functional teams, leveraging these relationships to achieve business objectives.
• Technical Proficiency:
• High competency in Microsoft Office Suite (Excel, Word, PowerPoint) for data analysis, cost management, and reporting.
• Experience with SAP or similar ERP systems.