Sourcing Analyst

Overview

THE ROLE:

The Analyst, Global Product Sourcing will be responsible for supporting category analysis, processing RFx, category analysis and negotiating with suppliers. This position will support the management of comprehensive complex categories by analyzing, reporting and researching internal and industry trends, maintaining database information and executing tasks and projects in an efficient and timely manner.

HOW YOU WOULD CONTRIBUTE:

• Direct responsibility for 1-2 low-complexity categories.
• Support achievement of Herbalife’s objectives to ensure Supply, Science and Safety.
• Initiates and executes category analysis independently and builds holistic category strategies.
• Design, manages and executes RFx including identification of vendors, proposal analysis and contract negotiation.
• Leverage a strategic sourcing approach to drive best in class solutions with corporate and functional objectives.
• Lead design and execution of projects in an efficient and timely manner; achieves timeline and desired results by effectively and efficiently prioritizing tasks and projects.
• Track, monitor, analyze and report pricing to cross functional departments and leadership.
• Maintain sourcing database(s) to ensure reporting is accurate; review and analyze reporting.
• Apply basic economic principles and common sense to business opportunities.
• Expeditiously resolve the needs of the customer and support supplier relationships.
• Ensure compliance to company purchasing/procurement policies and procedures.

WHAT’S SPECIAL ABOUT THE TEAM: The Global Product Sourcing team is newly rebranded and reorganized to leverage global category management and category expertise. Working with a team of over 50+ Direct Sourcing colleagues around the world, the team is focused to identify the best opportunity to source for any region, delivering incremental value and external innovation back to the brand and customer. With true global sourcing scale and responsibility, we concentrate to sync process and encourage regular collaboration to source the best Products at a global scale.

SUPERVISORY RESPONSIBILITIES:

• N/A

Qualifications

SKILLS AND BACKGROUND REQUIRED TO BE SUCCESSFUL:

• Effectively communicate ideas in written and verbal communication,
• Ability to demonstrate an organized thought process when communicating
• Effectively able to draw conclusions and solve challenging problems
• Strong analytical skills
• Ability to take initiative to create change and look at new ways of doing things
• Advanced computer skills (Microsoft Excel, Word, PowerPoint, Outlook)
• Strong organizational skills and attention to detail
• Demonstrates openness to change and new ways to do things
• Good listening skills one-on-one and in groups
• Ability to multi-task and prioritize to achieve timely and desired results

Experience:

• 2 years in Purchasing, Supply Chain, Procurement, Finance or related.
• Project management experiences are a plus.

Education:

• Bachelor’s degree or university degree, ideally Administration, Economics, Marketing, Finances, Industrial Engineering or related.

#LI-Hybrid

US Benefits Statement

Herbalife offers a variety of benefits to eligible employees in the U.S. (limited to the 50 States and the District of Columbia), which includes Group Health Programs, other Voluntary Benefit Programs, and Paid Time Off. Group Health Programs include Medical, Dental, Vision, Health Savings Account (HSA), Flexible Spending Accounts (FSA), Basic Life/AD&D; Short-Term and Long-Term Disability, and an Employee Assistance Program (EAP). Other Voluntary Benefit Programs include a 401(k) plan, Wellness Incentive Program, Employee Stock Purchase Plan (ESPP), Supplemental Life/Critical Illness/Hospitalization/Accident Insurance, and Pet Insurance. Paid time off includes Company-observed U.S. Holidays, Floating Holidays, Vacation, Sick Time, a Volunteer Program, Paid Maternity and Paternity Leave, Bereavement Leave, Personal Leave and time off for voting.