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About the Role
Hays is working with a renowned distribution business in Shrewsbury that is seeking a Purchasing Analyst on a permanent basis due to growth. This role is instrumental in shaping and executing pricing strategies across diverse products and markets. It combines data analytics, market intelligence, and cross-functional collaboration to optimize pricing models that drive profitability and competitiveness.
Your New Role
As a Purchasing Analyst, you will report to the Procurement Director and be responsible for the following:
* Develop and maintain dynamic pricing models based on data, market trends, and customer behaviour.
* Lead the implementation of pricing mechanisms.
* Monitor and adjust pricing algorithms to align with demand, cost changes, and strategic goals.
* Conduct scenario analysis to evaluate the impact of pricing strategies on revenue and profitability.
* Establish and maintain supplier price benchmarking systems.
* Support commercial teams with scenario planning and cost impact analysis.
* Conduct ongoing research into competitor pricing and market dynamics.
* Analyze industry benchmarks and customer feedback to inform pricing decisions.
* Deliver insights to marketing, product, and sales teams.
* Support the development of agile pricing systems, including real-time online pricing.
* Ensure pricing practices comply with legal and internal standards.
* Maintain thorough documentation of pricing models and changes.
What You'll Need to Succeed
You will need to have demonstrable experience within:
* Minimum 2 years in dynamic pricing, revenue management, or a similar analytical role.
* Excellent analytical and problem-solving abilities.
* Strong communication and presentation skills.
* Collaborative mindset with attention to detail and accuracy.
What You'll Get in Return
Details about the benefits and compensation package will be provided during the interview process.
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