Sr Analyst Vendor Solutions-1

Job Id: R0000376540

About us:

Target is an iconic brand, a Fortune 50 company and one of America’s leading retailers.
Target Merchandising is evolving at an incredible pace. We are constantly reimagining how this $70 billion retailer offers the innovative and guest-inspiring assortments that Target is known and loved for. Our goal is to consistently deliver exceptional value, quality and style that elevate Target as the premier retailer in a competitive global marketplace. Through intelligent and progressive business strategies that make the most of Target’s resources and partnerships worldwide, merchandising works across product categories to create a localized shopping experience, both online and in our 1800 stores. Are you a creative problem-solver who loves to own a category as well as its results? Can you collaborate effectively, execute a plan efficiently and positively influence how Target chooses and presents the right product in the right place at the right price? If so, you will have success on one of our dynamic teams.

The Senior Sourcing Analyst will play a key role in managing and optimizing the sourcing process to drive cost savings, efficiency, and value across the organization. This position is responsible for analyzing sourcing strategies, identifying supplier options, negotiating contracts, and managing supplier performance to ensure alignment with business goals. The Senior Sourcing Analyst will collaborate with cross-functional teams to implement the best practices and support strategic sourcing initiatives.

• Sourcing Strategy & Analysis – Conduct market research to identify and evaluate potential suppliers and industry trends. Analyze sourcing data to determine cost-saving opportunities and provide recommendations for strategic sourcing. Develop sourcing strategies based on cost analysis, supply chain insights, and industry benchmarks.
• Vendor System Set-up and Onboarding – Directly support vendor onboarding through the submission of new vendor system requests and the tracking of vendor set-up completion. Initiate process, track/confirm vendor facility registration in multiple systems and provide resources. Follow up on any missing information and escalate as necessary.
• Reporting and Analytics – Pull metrics, conduct analysis and publish reports to support a range of sourcing activities. Reports may include quarterly Sourcing Forecast, cost change log, reliability metrics, commercialization reports and vendor partner fact-packs. Develop and maintain reporting on sourcing activities, including savings achieved, supplier performance, and market conditions. Utilize data to inform decision-making and provide regular updates to senior management.
• Research and Analysis – Conduct research on matrix opportunities and needs. Provide a sourcing team with early assessment of vendors and potential vendor matrix opportunities prior to additional vendor vetting. Conduct research and benchmark competitor sourcing capabilities, organization and structure.

Job duties may change at any time due to business needs.

About you:

• 4-year degree
• 3-6 years merchandising, sourcing or inventory management experience, including vendor engagement/management.
• Demonstrated leadership skills
• Ability to think strategically and conceptually
• Excellent written and verbal communication skills
• Strong negotiation and vendor management skills
• Strong analytical and financial skills
• Accountability to manage a broad range of projects in different stages of development