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Strategic Sourcing Analyst

Job Posting: Strategic Sourcing Analyst
Status: full-time contract
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 a detail-oriented person who loves diving deep into data analysis? Dynacare is on the lookout for a Strategic Sourcing Analyst to join our amazing team! This full-time contract position based in Brampton, ON, will see you working both in the office and from the comfort of your home. Here at Dynacare, we support Canadians in leading healthy lives with sustainable care solutions, and we want you to be part of that journey! As our Strategic Sourcing Analyst, you’ll play a key role in optimizing our procurement activities, focusing on getting the best value for our organization. You’ll be responsible for analyzing procurement data and calculating the total cost of ownership of goods and services, as well as coordinating with suppliers to get quotes and essential information. But that's just the beginning! You will also lead and improve our strategic sourcing activities, conduct market research, and help our team drive impactful decisions. We believe in professional growth, and as part of a company recognized as a Top Employer, you’ll have opportunities to advance your career, all while enjoying excellent health and wellness benefits. Working at Dynacare means being part of a collaborative, diverse environment where you can truly thrive. If you're passionate about making a difference in health and wellness, this is the place for you. Join us, and let’s create a healthier future together!

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

    A Strategic Sourcing Analyst at Dynacare focuses on executing strategic sourcing activities aimed at maximizing value and cost-efficiency within procurement practices. You will analyze procurement data, coordinate with suppliers, and bridge the gap between internal stakeholders and external vendors to ensure smooth operations and optimal results.

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    What qualifications are required for the Strategic Sourcing Analyst position at Dynacare?

    Candidates for the Strategic Sourcing Analyst role at Dynacare typically hold a Bachelor's degree in Engineering, Science, or Business. In addition, having 1-2 years of experience in strategic sourcing or procurement environments alongside strong data analysis skills is key to succeeding in this position.

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    What are the daily responsibilities of a Strategic Sourcing Analyst at Dynacare?

    Daily responsibilities of a Strategic Sourcing Analyst include conducting supplier analysis, preparing solicitation documents such as RFPs and RFQs, coordinating meetings with internal departments and vendors, and performing market research to stay updated with industry trends that could impact sourcing decisions.

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    How does Dynacare support employee growth for Strategic Sourcing Analysts?

    Dynacare is committed to employee growth by offering numerous internal mobility opportunities, continuous professional development, and access to health and wellness benefits tailored to support both you and your loved ones as you advance your career.

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    What technologies will a Strategic Sourcing Analyst use at Dynacare?

    As a Strategic Sourcing Analyst at Dynacare, it’s beneficial to have advanced proficiency in MS Office, especially Excel, as well as experience with MRP/ERP systems for effective data analysis and procurement process management.

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    What skills are essential for a Strategic Sourcing Analyst at Dynacare?

    Essential skills for a Strategic Sourcing Analyst include strong data analysis capabilities, excellent verbal and written communication skills, adaptability in a fast-paced environment, and the ability to build strong relationships with both internal and external stakeholders.

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    What benefits does Dynacare offer to its Strategic Sourcing Analysts?

    Dynacare offers a comprehensive benefits package that includes a health and wellness program, RRSP matching, an employee stock purchase plan, and a collaborative work environment that prioritizes dignity and respect for all employees.

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    Common Interview Questions for Strategic Sourcing Analyst
    Can you describe your experience with vendor management in strategic sourcing?

    When answering this question, provide specific examples from your past work experiences where you successfully managed vendor relationships, negotiated contracts or obtained competitive quotes that resulted in favorable outcomes for your organization. Highlight your analytical skills in assessing vendor performance.

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    How do you approach data analysis in your role as a Strategic Sourcing Analyst?

    Explain your systematic approach to data analysis by discussing the types of tools you use, how you interpret procurement data, and the specific methods you follow to extract actionable insights that influence sourcing decisions.

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    What strategies do you utilize for conducting market research?

    Discuss the methods you use for effective market research, including how you gather data on industry trends, competitive analysis, and supplier capabilities, and how you translate those findings into strategic sourcing initiatives.

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    How do you ensure effective communication between internal stakeholders and suppliers?

    Emphasize the importance of active listening and clear communication, sharing your strategies for managing expectations and ensuring all parties are aligned on project objectives, timelines, and deliverables.

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    Describe your experience with creating RFPs and evaluating responses.

    Outline the steps you take when drafting RFPs, including liaising with internal departments to define requirements, and discuss how you assess incoming proposals based on critical metrics such as cost, quality, and vendor capabilities.

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    What role does adaptability play in your work as a Strategic Sourcing Analyst?

    Illustrate how being adaptable has allowed you to navigate shifting priorities and pressures, providing examples of specific instances where your flexibility led to successful sourcing outcomes even in challenging situations.

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    Can you provide an example of a cost-savings measure you implemented?

    Share a specific story where your analytical skills enabled you to identify a cost-savings opportunity, detailing the steps you took to implement changes and the positive impact that resulted for the organization.

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    How do you manage tight deadlines while working on multiple projects?

    Discuss your time management skills, including any tools or prioritization techniques you apply to ensure that multiple sourcing projects are completed on time without sacrificing quality.

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    What do you feel is the most critical skill for a Strategic Sourcing Analyst?

    Identify the most important skill you believe is essential for the role, such as analytical thinking or negotiation skills; support your answer with reasoning as to why you think it is vital in strategic sourcing.

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    How do you stay updated on industry trends affecting strategic sourcing?

    Explain your methods for continuing education in this field, whether through professional networks, industry publications, or online courses, emphasizing the importance of staying current to enhance your effectiveness as a Strategic Sourcing Analyst.

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