Sourcing Analyst

Company Overview

Advance Auto Parts, established in Roanoke, VA in 1932, is a prominent provider in the automotive aftermarket retail parts industry, catering to professional installers and DIY customers alike. Operating nearly 5,000 stores and 150 Worldpac branches across North America and additional territories, the company supports over 70,000 skilled team members dedicated to excellent customer and community service daily.

The Advance India Innovation Center (AIIC) in Hyderabad is a strategic initiative aimed at enhancing customer experience, operational efficiency, and collaboration by leveraging a wider talent pool.

Role Overview

The Sourcing Analyst plays a pivotal role in identifying, monitoring, and analyzing product cost-saving opportunities within the merchandising division. This position utilizes extensive data analysis, market intelligence, and report generation to furnish actionable insights enhancing product profitability and aiding sourcing as well as category management strategies.

Key Responsibilities

• Examine product cost frameworks, vendor pricing trends, commodity movements, and sourcing openings to discover value-adding and cost-saving prospects.
• Create, update, and improve dashboards and reports that provide visibility into cost fluctuations, savings achievements, and sourcing progress.
• Manage and maintain analytical data repositories, cost tracking databases, and documentation of negotiation outcomes and sourcing initiatives.
• Partner with Category Management, Strategic Sourcing, Finance, and other teams to deliver analytical assistance in negotiation and planning processes.
• Track market variables such as commodity prices, freight charges, currency exchange rates, and supplier news to evaluate their effects on costs and margins.
• Execute detailed quantitative analyses and formulate insights for special projects, vendor engagements, category reviews, and leadership inquiries.

Desired Qualifications

• Strong analytical capabilities to translate large data sets into business-driven insights.
• Proficiency with data tools including Excel, Power BI, and SQL.
• Skilled at identifying causal trends and generating effective business solutions.
• Meticulous with a strong emphasis on data accuracy and quality assurance.
• Excellent communication skills with the ability to collaborate across various organizational functions.
• Keen to learn and deepen knowledge in sourcing, commodity markets, retail economics, and supply chain cost factors.

Essential Skills and Attributes

• Outcome-oriented mindset focused on producing tangible business benefits.
• Strong team collaboration and relationship-building skills.
• Continuous process improvement focus to streamline operations and heighten efficiency.

Experience and Educational Requirements

• 2-4 years of professional experience in analytics, finance, sourcing, merchandising, supply chain, business intelligence, or related domains.
• Master’s degree in Finance, Economics, Supply Chain, Data Analytics, Information Systems, or a comparable field, or equivalent relevant experience.

Additional Information

Advance Auto Parts is an equal opportunity employer committed to non-discrimination on the basis of race, color, sex, age, national origin, religion, sexual orientation, gender identity, veteran status, disability, or other protected characteristics.