Sourcing Analyst

WD-40 Company; Milton Keynes; On-site; GBP 30,000 - 45,000; Full time

Job summary

A leading manufacturing company in Milton Keynes is seeking a Sourcing Analyst to support sourcing initiatives through research and analysis of raw materials. The ideal candidate possesses sourcing experience, negotiation skills, and strong attention to detail. This role includes engaging with stakeholders to achieve strategic goals, managing supplier performance, and ensuring cost optimization. The company offers a comprehensive benefits package, including wellness programs and paid time off.

Benefits

Profit incentive rewards

Generous pension contributions

Short-day Fridays

Additional paid week off between Christmas and New Year

Qualifications

• Experience with RFI/RFP/RFQ processes for raw materials.
• Ability to negotiate and manage legal contracts effectively.
• Strong organizational skills to handle multiple conflicting demands.

Responsibilities

• Conduct market research and provide market intelligence.
• Assist in sourcing new products and services for cost and quality.
• Analyze and present financial data for supplier quotations.

Skills

Sourcing experience

Negotiation skills

Stakeholder engagement

Attention to detail

Organizational skills

Education

Experience within FMCG industry

Tools

Microsoft Office (advanced Excel)

Job description

At WD-40 Company we believe that purpose-driven, passionate people guided by our values create amazing outcomes. Our “why” is refreshingly simple - we exist to create positive lasting memories in everything we do. We solve problems. We make things work smoothly. We create opportunities. How we achieve our “why” is by cultivating a tribal culture through learning, teaching and living our values.

If you're ambitious, eager to learn, enjoy analysis and supporting stakeholder's to make decisions- this role will be a great fit!

The sourcing analyst will be responsible for supporting EIMEA sourcing initiatives through research, analysis, modeling of raw materials/components/finished goods and QMS support for both new product initiatives and existing SKU’s to achieve COGS targets, EBITDA and strategic sourcing goals.

Since 1953, our formulation remains a secret. It is no secret that our passion for our people, culture, and brands is what distinguishes us. WD-40 Company has best-in-class products and we seek best-in-class talent

At WD-40 Company we foster a culture of inclusion where all individuals are recognized, valued, respected, and experience a sense of belonging. All qualified applicants will receive consideration for employment without regard to individual characteristics that make us unique such as our backgrounds, experiences, qualities, talents, traits, beliefs, and preferences.

What You’ll Be Doing

Sourcing

• Performs market research/provides market intelligence (key player financial health, cost/demand/supply drivers, price forecasting)
• Independently researches, collects data, and creates customary cost models (cost models/TCO models). Analyzes and presents recommendation to support sourcing manager in the development of category strategies.
• Presents insights, summaries and recommendations to Senior leaders, in support of Sourcing leadership

Source

• Research and identify alternate sources of supply to ensure supplier innovation concepts are captured for business evaluation
• Responsible for sourcing new products or services to achieve the team’s goals and objectives as it relates to cost, quality and service.
• Review capabilities of potential new sources of supply within predefined criteria in partnership with the Sourcing Manager.
• Initiates and solicits requests for information (RFIs), requests for quotation (RFQs) and requests for proposals (RFPs) for sourcing of materials and services related to COGS.
• Provides detailed analysis of submitted quotes coupled with recommendations to Sourcing Manager and Sourcing Director.
• Assists team in detailed financial analysis of supplier quotations, financial reports
• Actively participates in negotiations by presenting data to suppliers that will ensure fair and reasonable pricing
• Develops and provides cost estimates and material support used in determining SKU profitability on new SKU initiatives.
• Works directly with marketing team to provide guidance on promotional decisions and cost implications

Manage

• Provides analysis on price change justification and validation prior to cost approvals.
• Identifies strategic cost reduction activities to positively impact corporate EBITDA goals.
• Develops and manages cost models for products and contract packagers, including templates and procedures for indirect sourcing.
• Maintains accurate and up-to-date pricing files for fill fees, raw materials and packaging components
• Performs detailed financial analysis of supplier quotations, financial reports, and other data to determine reasonableness of prices and/or price changes.
• Ability to negotiate equitable outcome for WD-40 Company. Assists Supply Chain (Materials/Operations) team in resolution of performance issues and fulfillment of obligations to ensure they are providing and improving the agreed upon value to support organizational objectives and EBITDA.
• Works cross functionally with Marketing, QA, R&D, Operations, Supply Chain, Sales, and Finance Support to support in the development of new product, promotional materials and packaging development
• Ability to perform key dispute resolution in a timely manner to minimize any/all impact to WD-40 Company Business
• Establish strong professional and interpersonal relations with key stakeholder at all levels within WD-40 Company and external partners.

Document Control

• Responsible for filing, storing, protecting, arranging, indexing, classifying and retrieving documents and records for all Secondary Packaging documents contained in corporate QMS data base.
• Responsible for maintaining, uploading, updating, and attaching documents into QMS database including Bill of Material maintenance as it relates to sourcing documents.
• Coordinates the routing, review, approval, distribution and audit of secondary packaging documents. Follows up on review cycle and approval routing. Updates revision changes and release documents as approved.

What You’ll Bring To The Role

• Sourcing experience including RFI/RFP/RFQ process of raw materials, negotiation, execution, legal contract management and communication of deliverables.
• Experience within the FMCG industry is desirable. Or an understanding of the industry.
• Demonstrated organisational, attention to detail and multi-tasking skills with an emphasis on coordinating conflicting demands and priorities.
• Prioritises and plans work activities, organizes personal and project timelines, track project timelines and deadline.
• Experience with Microsoft Office applications, including advanced-level Excel skills
• Stakeholder engagement and management skills

Total Rewards

Our competitive and comprehensive benefits package provides you protection, security, and peace of mind. We offer life-enhancing health, wellness, and financial programs, including profit incentive rewards, healthcare, generous pension contributions. In addition, we want you to recharge and take time off, so enjoy short-day Fridays, paid holidays, and an additional paid week off between Christmas and New year to spend with family and friends!

About Us

Why You Should Apply

• A strong values-aligned organization where contributions are acknowledged and rewarded, and where 91% of our tribe experiences a sense of belonging.
• A learning-based culture where 85% of our tribemates believe they can achieve their career objectives
• Over 91% employee engagement as of the January 2024 global employee survey results.
• 99% of our tribemates report that they “love to tell people that they work for WD-40 Company”!

Please, only consider employment with WD-40 Company if you feel as strongly about our values as we do: We live, breathe, and embody our values every day.