Market Analyst

Job Purpose

The Market Analyst in the Procurement section will be responsible for conducting comprehensive market research and analysis to support procurement strategies and enhance supplier engagement. The role requires a focus on data-driven decision-making, ensuring competitiveness in sourcing, and effectively anticipating market trends to optimize procurement operations.

Principal Accountabilities

1. Market Research and Analysis
   • Conduct in-depth market analysis to identify trends, pricing structures, and potential supply risks for various categories.
   • Provide insights into market conditions and competitor strategies affecting procurement plans.
   • Assess supplier markets and conduct SWOT analysis to aid in supplier selection.
   • Conduct market analysis to allocate the best bidders to participate in the related tender.
2. Data Management and Reporting
   • Gather and analyze procurement data to generate reports for strategic decision-making.
   • Develop and maintain key performance indicators (KPIs) to track procurement efficiency and effectiveness.
   • Present analytical findings to stakeholders, highlighting actionable recommendations based on market insights.
   • Responsible for the procurement dashboard along with the alignment with FCA Strategy.
3. Support Procurement Strategies
   • Collaborate with procurement team members to develop data-driven sourcing strategies that align with organizational goals.
   • Identify opportunities for cost savings and value enhancement through effective supplier management and negotiation strategies.
   • Monitor economic and industry developments that could impact procurement activities and strategic initiatives.
   • Assist in the evaluation of supplier proposals and contracts from a market perspective, ensuring value for money and adherence to procurement policies.
   • Establish and maintain relationships with suppliers and market experts to gather insights and support effective supplier management.

Desired Candidate Profile

Qualifications

• Bachelor’s Degree in Business, Economics, Supply Chain Management, or a related field; MCIPS preferred.

Work Experience

• 10+ years of experience in market analysis, supply chain, or procurement roles, with a focus on data analytics and supplier evaluation.
• Proven ability to deliver comprehensive market reports and analyses that drive procurement strategies.

Knowledge

• Strong understanding of market research methodologies and procurement processes.
• Familiarity with data analysis tools and software (e.g., Excel, Power BI).

Skills

• Strong analytical and problem-solving skills with high attention to detail.
• Excellent written and verbal communication skills.
• Ability to work collaboratively within a team environment and manage multiple projects.
• Proficient in both English and Arabic.

Indicative KPIs

• Timely delivery of market reports and analyses.
• Contribution to cost-saving initiatives through strategic supplier engagement.
• Improvement in procurement efficiency metrics over defined periods.
• Balancing diverse stakeholder needs to ensure procurement goals are met.
• Staying abreast of fast-changing market trends and economic conditions impacting procurement strategies.