What Does a Purchasing Analyst Do?
Purchasing analysts, sometimes called a purchasing agents, evaluate the effectiveness of an organization’s purchasing decisions, serving as a liaison between employers and vendors.
Purchasing analysts play a key role in the supply chain management process. Purchasing analysts source vendors and communicate the procuring needs of the company. They also inspect, test, and document industry samples for final purchasing decisions. Purchasing analysts are experts in vetting vendors, cost-benefit analysis, and negotiating contract terms. Purchasing analysts also present final purchasing decisions to invested parties.
What Are the Abilities of a Purchasing Analyst?
Purchasing analysts have strong written and verbal communication skills. They are great negotiators and are considered leaders when it comes to decision-making and collaboration.
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