Spend Analytics

Our client is the leading global provider of healthy, safe and sustainable building and cold chain solutions with a world-class, diverse workforce. They are the world leader in high-technology heating, air-conditioning and refrigeration solutions. Their experts provide sustainable solutions, integrating energy-efficient products, building controls and energy services for residential, commercial, retail, transport, and food service customers.

From the beginning, they have led in inventing new technologies and entirely new industries. Today, they continue to lead because they keep customers at the centre of every product and service they offer and act quickly to exceed their expectations. Through their performance-driven culture, they are driving share owner value by growing earnings and investing strategically to strengthen the position in the markets they serve.

Role Description:

• The Spend analytics SCM Lead will be responsible for analyzing and interpreting spending patterns and spend data to drive insights and strategic decision-making related to procurement and cost optimization, generate actionable insights for the supply chain team to achieve its financial goals and improve overall operational efficiency

Responsibilities: 

• Support the supply chain organization and category managers with strong spend data analytics capabilities, e.g.
• Spend data analysis and Interpretation: Conduct in-depth analysis of spending data to identify trends, patterns, and anomalies.
• Utilize statistical techniques and data visualization tools to transform complex data sets into meaningful insights.
• Use tools such as VBA /Python /R /Excel to aid machine learning and increase automation, in order to support various steps involved in delivering a robust spend analysis
• Spend Optimization Strategies: Build category specific reports to inform and drive category savings levers (e.g., historical spend trends, cost increases, volume spikes, price change vs changes in underlying commodity indices etc).
• Collaborate with cross-functional teams to develop strategies and recommendations spend optimization.
• Identify opportunities for cost reduction, provide recommendations and implement initiatives to achieve savings.
• Data Governance and Quality: Ensure data integrity and accuracy by implementing data governance practices.
• Develop and maintain data cleansing processes, validation checks, and data quality standards to improve the reliability of spend data.
• Negotiation preparation: Support category managers with preparation to drive high quality and fact-based negotiations
• Implementation (execution) of initiatives generated from spend analytics, and converting insights into real savings.
• Drive or support initiative owners to manage the stage gate process to ensure initiative execution, ensure tracking and reporting of value capture
• Continuous Improvement: Stay updated on industry best practices, emerging trends, and technological advancements in spend analytics.
• Identify opportunities to enhance existing processes, tools, and methodologies to drive efficiency and effectiveness.
• Stakeholder Collaboration: Collaborate with stakeholders across the organization (supply chain, engineering, operations, quality etc) to understand their spend analysis requirements and translate them into actionable insights.
• Provide guidance and support in interpreting spend analytics findings and implementing recommendations.

Requirements:

• Proficiency in data analysis tools such as Excel, SQL, Python and data visualization tools (e.g. Power BI).
• Knowledge of advanced statistical techniques and predictive analytics is a plus.
• Hands on experience in working on spend data to drive actionable insights for spend data.
• Knowledge of sourcing, cost reduction ideas.
• Strategic thinking- ability to think through and independently.
• Strong problem-solving and analytical skills.
• Ability to work effectively within teams and collaborate with multiple global stakeholders for completion of projects.
• Excellent communication and presentation skills, with the ability to effectively communicate complex ideas.