Job profiles

Procurement Analyst/Supply Chain Analyst

What is in the Procurement Analyst job description?

A Procurement Analyst is a central part of the procurement department, and you’ll liaise with key stakeholders to ensure purchasing requirements are understood and comply with internal governance and procurement policies.

What will be your responsibilities?

A Procurement Analyst responsibilities broadly consist of the following things:

Lead commercial negotiations and facilitate contractual negotiations, for both new requirements as well as contract renewals.
Manage and ensure all required due diligence checks are carried out on all new suppliers.
Supporting the leadership team to deliver continued strategic solutions.
Responsible for the end-to-end procurement within respective categories
Accountable for driving commercial value and exercising best practice
Collaborate with key stakeholders and develop relationships both internally and externally to drive value-add engagements
Commercially astute and able to lead negotiations across categories (HR, Legal, Facilities).

The CIPS Digital Academy

The CIPS Digital Academy provides access to learning programmes in procurement and supply. It enables your organisation to develop consistency in knowledge and skills and helps to reduce supply chain risk throughout your organisation.

Find out more

What qualifications do you need?

If you’re looking to move into a Procurement Analyst role, you’ll need the following qualifications and skills:

Experience of cross-categories (HR, Legal, FM) procurement experience, ideally within financial services.
Ideally operating at a buyer/senior-buyer level.
Experience of managing end–to-end procurement using ordering solutions/systems.
Ability to manage and prioritise multiple projects in a fast-moving environment.
Ability to deliver successful negotiations results and contract tendering.
Strong commercial awareness.

CIPS Qualifications

To start your journey to become a Procurement Analyst, the ideal starting point is the Level 3 Advanced Certificate or the Level 4 Diploma in Procurement and Supply.

Find out more about our qualifications

What does a Procurement Analyst get paid?

In the UK, typically a Procurement Analyst gets paid on average £39,235 based on the UK Salary Guide 2023.

A Procurement Analyst sits in the Tactical level and the breakdown is as follows:

Tactical

UK: £39,235
Australia: $104,722
New Zealand: $91,930
MENA: $40,205
South Africa: ZAR 283k
Sub-Saharan Africa: $26,642
North America: $59,934
Europe: €45,153

Salaries may increase if you are studying with CIPS or change sector. To find out more about the salaries of procurement and supply professionals let our salary calculator do the hard work for you.

Visit the Salary Calculator

Further your career

The Management Entry Route (MER) is designed for procurement professionals, operating in a senior strategic role. You'll receive a practical pathway that will guide you to MCIPS status, without having to go down the traditional learning and exam route. You will be assessed for your experience, knowledge and responsibility through an online assessment and a remote (Zoom/Teams) interview.

Find out more about our Management Entry Route