SOURCING & PROCUREMENT SPECIALIST - BUSINESS DATA & ANALYTICS - #101101

Job Description:

Okta is looking for an experienced Sourcing & Procurement Specialist – Business Data & Analytics to join our energetic Strategic Sourcing & Procurement team to support and be part of Okta’s continued growth. This person should have a good understanding of procurement processes, methods & controls, acts as an SME. Collects, organize, analyze, and interpret data from various systems to objectively support procurement operation & support business decision. Create business insights, dashboards, charts/tables, graphs & reports that help in decision making & objectively measure KPI metrics. Recommend process improvements, automation, and data visualization techniques to enhance the effectiveness and efficiency of KPI governance. In addition, this role will be responsible for performing and presenting various ad-hoc analyses including cost studies and root cause analyses.

Key Responsibilities:
 Procurement Process: Support & execute all facets of the source to invoice process and support sourcing and procurement leads
 Data Collection and validation: Gather procurement-related data from various sources, including ERP systems and other relevant platforms.
 Coordinate data collection processes and work with data custodians to ensure the accuracy, completeness, and timeliness of data. Implement data validation checks to identify and resolve data quality issues or discrepancies.
 Data Analysis: Analyze procurement KPI data to identify trends, patterns, and opportunities for improvement. Use statistical techniques and data visualization tools to present findings effectively. Provide insights and recommendations based on KPI analysis to drive performance enhancement and inform decision-making processes.
 Reporting and Dashboards: Develop and maintain procurement reports and dashboards to monitor key performance indicators (KPIs) such as spend analysis, supplier performance, and procurement cycle times. Support delivery of key reports to procurement and business stakeholders including providing Division specific reporting to stakeholders in S&P business units as required.
 Compliance Monitoring: Ensure procurement activities align with regulatory requirements and internal policies. Report on compliance issues and recommend corrective actions.
 Continuous Improvement: Proactively identify opportunity to improve process, enhance the KPI framework, reporting processes and data collection methodologies. Recommend process improvements, automation and data visualization techniques to enhance the effectiveness and efficiency of KPI governance.
 Cross-functional Collaboration: Collaborate with Sourcing, Contracting, Risk, Accounts Payable and other departments to align procurement strategies with overall business goals.

Requirements:
 Excellent communication skills to convey complex data insights to non-technical stakeholders effectively.
 Relevant experience in Source to procure process with in-depth knowledge on sourcing and procurement processes, metrics & KPI and continuous improvement strategies.
 Ability to work collaboratively in cross-functional teams and adapt to a fast-paced, dynamic environment.
 Strong quantitative and qualitative analytical skills with the ability to translate data into actionable insights.
 Proficiency in data visualization tools (e.g., Tableau, Power BI) and advanced data analytics tools is an advantage.
 Ability to communicate your analysis with clarity and precision. An ideal candidate would have a strong grasp of both technical and business perspectives, including project management.