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Spend Analysis Jobs (NOW HIRING)

Power Stop LLC

Sourcing Analyst 1

Burr Ridge, IL · On-site

$50K - $65K/yr

Cost and Spend Analysis: * Analyze spend data to identify cost savings opportunities and sourcing consolidation possibilities. * Support cost breakdown analysis (should-cost modeling, total landed ...

Colas USA

Procurement Manager

Duncan, SC · On-site

Responsibilities include a combined individual contribution and team leadership in developing procurement and purchasing resources, finding opportunities through spend analysis, developing sourcing ...

omnia

Analyst, Data & Insights

Franklin, TN

Spend Analysis & Insight Generation: Analyze purchasing and spend data across suppliers, categories, and time periods to surface contract utilization, savings, trends, and opportunities. Move beyond ...

Intuitive

Strategic Sourcing Analyst II

Sunnyvale, CA · On-site

Completes routine spend analysis for assigned category team(s), including preparing market maps and summarizing key trends for category leads * Ensures accuracy of master data related to commodity ...

Intuitive

Strategic Sourcing Analyst II

Sunnyvale, CA · On-site

Completes routine spend analysis for assigned category team(s), including preparing market maps and summarizing key trends for category leads * Ensures accuracy of master data related to commodity ...

Colas

Procurement Manager, East Coast

Duncan, SC · On-site

Responsibilities include a combined individual contribution and team leadership in developing procurement and purchasing resources, finding opportunities through spend analysis, developing sourcing ...

Colas

Procurement Manager, East Coast

Middletown, OH · On-site

Responsibilities include a combined individual contribution and team leadership in developing procurement and purchasing resources, finding opportunities through spend analysis, developing sourcing ...

Futran Tech Solutions Pvt. Ltd.

Senior Financial Analyst

$87K - $109K/yr

... spend analysis, business analytics, or a related role • Hands-on experience reconciling data across multiple financial systems (POs, invoices, forecasts, actuals) • Strong understanding of core ...

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Spend Analysis information

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$38.5K

$88.1K

$118K

How much do spend analysis jobs pay per year?

As of Jul 7, 2026, the average yearly pay for spend analysis in the United States is $88,111.00, according to ZipRecruiter salary data. Most workers in this role earn between $70,000.00 and $110,500.00 per year, depending on experience, location, and employer.

What is spend analysis?

Spend analysis is the process of collecting, cleansing, classifying, and analyzing expenditure data within an organization to identify cost-saving opportunities, improve procurement processes, and enhance supplier relationships. It helps businesses gain visibility into their spending patterns, uncover inefficiencies, and support strategic sourcing decisions. By leveraging spend analysis, organizations can make data-driven decisions to optimize their procurement activities and reduce costs.

What are some common challenges faced by professionals in Spend Analysis roles, and how can they be addressed?

Professionals in Spend Analysis often encounter challenges such as inconsistent data sources, incomplete supplier information, and resistance to process changes from stakeholders. Addressing these issues typically involves implementing robust data cleansing protocols, establishing standard data management practices, and regularly collaborating with procurement, finance, and IT teams to ensure data consistency. Additionally, clear communication and stakeholder engagement are key to driving adoption of insights and recommendations generated through spend analysis.

Are budget analysts in high demand?

Budget analysts, including those involved in spend analysis, are in steady demand across various industries due to their role in financial planning and cost management. Employment growth is expected to be about 2% from 2021 to 2031, aligning with average for all occupations, with strong opportunities for those with skills in data analysis and financial software. Certifications like the Certified Government Financial Manager (CGFM) can enhance job prospects.

What is a spend analyst job description?

A spend analyst is responsible for analyzing company spending data to identify cost-saving opportunities and improve procurement strategies. They use tools like Excel and spend management software, and often require strong analytical skills and attention to detail. The role involves monitoring budgets, negotiating with suppliers, and supporting financial decision-making.

What jobs pay $500,000 a year in the US?

In the field of spend analysis, high-paying roles such as Chief Financial Officers (CFOs) or senior finance executives can earn $500,000 or more annually, especially in large corporations. These positions often require extensive experience, advanced certifications, and strong strategic skills, and may include bonuses and stock options that contribute to total compensation.

Is procurement a high stress job?

Procurement roles, including spend analysis, can be stressful due to tight deadlines, budget pressures, and the need for accuracy in data analysis. However, stress levels vary depending on the organization, workload, and individual skills in negotiation and project management.

What are the key skills and qualifications needed to thrive as a Spend Analyst, and why are they important?

To thrive as a Spend Analyst, you need a solid background in data analysis, procurement processes, and financial management, typically supported by a degree in finance, business, or a related field. Proficiency with data analytics tools like Excel, Tableau, and spend analysis software such as Coupa or SAP is commonly required. Strong attention to detail, problem-solving abilities, and effective communication are vital soft skills in this role. These skills are crucial for identifying cost-saving opportunities, optimizing supplier relationships, and supporting strategic purchasing decisions.

What is the difference between Spend Analysis vs Procurement Analyst?

AspectSpend AnalysisProcurement Analyst
Primary FocusAnalyzing company spending data to identify savings opportunitiesManaging procurement processes and vendor negotiations
Skills RequiredData analysis, reporting, financial acumenProcurement strategies, supplier management, negotiation skills
Tools UsedSpreadsheets, data analytics softwareProcurement platforms, ERP systems
Work EnvironmentFinance, supply chain, or procurement departmentsProcurement or sourcing teams within organizations

While both roles involve procurement and supply chain functions, Spend Analysis primarily focuses on analyzing spending data to optimize costs, whereas a Procurement Analyst manages procurement activities and vendor relationships. Understanding these differences helps organizations assign the right responsibilities and skills to each role.

More about Spend Analysis jobs
What job categories do people searching Spend Analysis jobs look for? The top searched job categories for Spend Analysis jobs are:
Spend Analysis jobs near you
Infographic showing various Spend Analysis job openings in the United States as of July 2026, with employment types broken down into 87% Full Time, 11% Part Time, and 2% Contract. Highlights an 83% Physical, 3% Hybrid, and 14% Remote job distribution, with an average salary of $88,111 per year, or $42.4 per hour.
Sourcing Analyst 1

Sourcing Analyst 1

Power Stop LLC

Burr Ridge, IL • On-site

$50K - $65K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.

PowerStop rating

9.4

Company rating: 9.4 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

Job description

Description

Position Overview:

The Sourcing Analyst will support the sourcing team in identifying, qualifying, and managing suppliers for automotive aftermarket products and components. This role focuses on data analysis, supplier performance monitoring, cost analysis, and supporting sourcing initiatives to ensure cost competitiveness, quality, and supply continuity. The position provides analytical and operational support for sourcing strategies and supplier negotiations.

This position is not eligible for employer-sponsored work authorization. Applicants must be fully authorized to work in the US without needing current or future visa sponsorship


Key Responsibilities:


Supplier Analysis and Support:

  • Collect, analyze, and interpret supplier data, including pricing, lead times, performance, and quality metrics.
  • Support supplier onboarding, audits, and compliance checks.
  • Monitor supplier performance through scorecards and identify improvement opportunities.

Cost and Spend Analysis:

  • Analyze spend data to identify cost savings opportunities and sourcing consolidation possibilities.
  • Support cost breakdown analysis (should-cost modeling, total landed cost).
  • Perform market and commodity research
  • Track and report cost reduction initiatives and sourcing KPI performance.

Sourcing Process Execution:

  • Assist in RFQs (Request for Quotation), RFPs, and supplier bid evaluations.
  • Maintain accurate sourcing data in ERP and procurement systems.
  • Support negotiations and contract documentation under the supervision of senior sourcing staff.

Cross-Functional Collaboration:

  • Work closely with Product Management, Engineering, Quality, and Supply Planning teams on new product introductions and supplier changes.
  • Coordinate with logistics and inventory teams to ensure timely material availability 

Requirements

Education:

  • Bachelor's degree in Supply Chain Management, Business Administration, or equivalent.

Skills and Competencies:

  • Cost & Financial Acumen: Working knowledge of cost analysis, spend analysis, total landed cost, and should-cost modeling concepts.
  • Sourcing  & Procurement Knowledge: Familiarity with RFQ/RFP processes, supplier evaluations, contract support, and sourcing best practices.
  • ERP & Systems Proficiency: Experience with ERP and procurement systems (e.g., SAP, Oracle, NetSuite, or similar) and advanced proficiency in Microsoft Excel (pivot tables, VLOOKUP/XLOOKUP, data analysis).
  • Supplier Management: Understanding of supplier onboarding, compliance, audits, and performance scorecards.
  • Market & Commodity Research: Ability to conduct market research and track commodity trends affecting cost and availability.
  • Attention to Detail: High level of accuracy in data entry, reporting, and documentation.
  • Organizational Skills: Ability to manage multiple tasks, meet deadlines, and support sourcing initiatives in a fast-paced environment.
  • Problem-Solving Mindset: Ability to identify improvement opportunities and support continuous improvement initiatives.

 Compensation:

The salary range for this position is $50,000 to $65,000 annually, reflecting the anticipated compensation at the time of posting. Final placement within this range will be determined by several factors, including-but not limited to-education, certifications, relevant experience, skills, and overall business needs. In addition to salary, eligible employees will receive a comprehensive benefits package, which includes paid time off, medical, dental, and vision insurance, life insurance, short- and long-term disability coverage, paid parental leave, and a 401(k) match retirement plan.

What PowerStop employees say

Hours and flexibility

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