IT Procurement Analyst

Role Summary:

The Strategic Sourcing Analyst for Software/SaaS is responsible for analyzing spend, evaluating software suppliers, driving cost‑saving initiatives, and managing the full sourcing lifecycle across all SaaS categories. The role ensures value, compliance, and performance by partnering closely with IT, Finance, Legal, and key business stakeholders.

Key Responsibilities

1. Spend & Data Analysis

• Conduct spend analysis, usage reviews, and cost modeling to identify savings opportunities.
• Build reports and dashboards using Excel/analytics tools to support decision‑making.

2. SaaS Vendor Evaluation & Selection

• Perform rigorous SaaS vendor due diligence, including security, compliance, integration capability, and product fit.
• Lead RFP/RFI processes and comparative vendor assessments.

3. Contract Negotiation & Management

• Negotiate commercial terms, pricing tiers, renewals, SLAs, and contract protections for SaaS agreements.
• Support contract lifecycle management and ensure vendor adherence to agreed terms.

4. Supplier Performance & Relationship Management

• Track vendor SLAs, service quality, and product performance; escalate issues as needed.
• Maintain accurate vendor data within procurement systems.

5. Market Research & Benchmarking

• Research SaaS pricing benchmarks, competitive offerings, and market trends.

6. Cross‑Functional Collaboration

• Partner with IT, Finance, Legal, and business owners to validate requirements and ensure alignment.
• Coordinate implementation of sourcing strategies and ensure smooth vendor onboarding.

Job Qualifications:

Education & Experience

• Bachelor's degree in Business, Supply Chain, Finance, or related field.
• Experience in procurement, sourcing, or vendor management—specifically in software/SaaS categories.

Technical Skills

• Strong spend analysis, cost modeling, and data reporting skills.
• Proficiency with procurement systems (e.g., SAP Ariba, Coupa, ERP platforms, or similar)
• Advanced Excel and general data analytics capabilities.
• Ability to conduct market research and benchmark SaaS pricing and vendors.

SaaS‑Specific Competencies

• Ability to perform rigorous SaaS vendor due diligence (security, compliance, integration).
• Understanding of SaaS renewal cycles, usage optimization, and contract structures. (SaaS procurement responsibilities)
• Skilled in building and managing RFP/RFI processes and category strategies.

Contracting & Supplier Management

• Strong negotiation skills for pricing, SLAs, and contract terms.
• Experience in vendor performance monitoring and relationship management.
• Ability to assess and mitigate supplier, data, and contract risks.

Soft Skills

• Excellent communication and cross‑functional collaboration (IT, Finance, Legal, business owners).
• Strong analytical thinking, attention to detail, and problem‑solving.
• Highly organized with ability to manage multiple sourcing cycles concurrently.