IQVIA Laboratories
PurchasingAnalyst1
Neural analysis suggests this role is
optimal for Mid candidates.
“Purchasing Analyst 1 at IQVIA Laboratories. Skills: Purchasing, Procurement, Process management, Data analysis. Execute transactional procurement work. Ensure requisitions & purchase orders are executed on-time”
What You'll Achieve.
Enhance purchasing efficiency; Strengthen system adoption; Ensure seamless operational transitions; Ensure on-time requisitions & purchase orders; Ensure timely supplier invoice payments; Ensure on-time supplier payments; Drive decision making and prioritization; Establish baseline spend across key purchasing categories; Negotiate optimal commercial terms
Industry & Context.
Troubleshoot issues to resolution; Identify financial or process issues; Support the development of mitigating actions
What They're Looking For.
Must Have
Minimum 3 years of professional experience, at least 1 year in purchasing, procurement, supply chain management, materials management, or a related function involving RFP, knowledge of purchasing methodologies, principles, processes, and best practices, Proficiency with Microsoft Office applications, particularly Excel for data analysis and reporting, Solid technical accounting understanding and ability to interpret financial data, analytical and numeracy skills, with the ability to extract insights from complex datasets, Ability to identify financial or process issues and support the development of mitigating actions, Demonstrated ability to prioritize, organize, and manage multiple workstreams to meet deadlines in a fast paced environment, interpersonal skills with the ability to build and maintain effective working relationships with colleagues, managers, vendors, and cross functional partners
Nice to Have
Bachelor’s degree field of study in Business, Supply Chain, Finance, or related discipline, Experience with procurement systems (e. g. , PeopleSoft, Coupa), Familiarity with LEAN, automation, or process improvement initiatives
What You'll Do.
Execute transactional procurement work
Ensure requisitions & purchase orders are executed on-time
Ensure suppliers deliver goods & services as required
Ensure supplier invoice payments are timely
Guide internal stakeholders on policy and practices
Review requisitions for external vendor spend
Process purchase orders
Dispatch purchase orders to suppliers
Follow-up on purchase orders
Amend delivery dates on goods and services
Ensure purchase orders comply with contract terms
Improve efficiency of the purchase to pay process
Ensure purchase orders pricing is accurate
Correct price deviations
Manage supplier performance on PO commitments
Ensure suppliers follow correct procedures for submitting invoices
Negotiate supplier pricing
Support supplier performance & relationship management
Clear invoices on-hold
Troubleshoot procurement system issues
Use system reporting to drive decision making
Extract spend data from databases
Undertake RFP/RFQ work
Perform competitive analysis on supplier bids
Prepare purchasing recommendations
Present purchasing recommendations
Perform Purchasing system UAT support
Extract and analyze spend data
Develop accurate and actionable spend reports
Obtain and consolidate spend files from external vendors
Define purchasing process steps
Establish project timelines
Benchmark and validate sourcing opportunities
Develop and issue competitive Requests for Proposals (RFPs)
Support negotiation of optimal commercial terms
Prepare purchasing insights
Present sourcing outcomes
Collect and analyze IQVIA data
Support vendor performance reporting
Coordinate vendor management meetings
Ensure purchase orders align with contract terms
Contribute to continuous improvement of the procure to pay (P2P) process
Perform additional duties
Support special projects
How You'll Work.
Team & Collaboration
Collaborate closely with cross functional teams; Work with suppliers; Work with Accounts Payable organizations; Partner with functional stakeholders
Process & Methodology
Manage multiple workstreams, Establish project timelines
Full Job Description
IQVIA Laboratories is a global leader in drug discovery and development laboratory services, offering a comprehensive suite of central laboratory and specialty biomarker services. In **Purchasing Analyst 1** role, you will play a key part in advancing our Procure to Pay (P2P) purchasing processes and supporting acquisition integrations. You will collaborate closely with cross functional teams to enhance purchasing efficiency, strengthen system adoption, and ensure seamless operational transitions. **Main Responsibilities:** As a Purchasing Analyst 1 within the Procurement Team, you will be responsible for most of the transactional procurement work for one or more of our Business Units, ensuring requisitions & purchase orders are executed on-time, suppliers deliver goods & services as required, and supplier invoice payments and timeous. * Guide internal stakeholders on policy and practices for using procurement systems; raising requisitions; committing Purchase Orders to suppliers; and paying supplier invoices. * Review requisitions for external vendor spend, check for accuracy and process as appropriate. * Ensure all Purchase Orders are dispatched to suppliers on a timely basis and follow-up as required to ensure they have been received, processed and have a delivery date. * Work with suppliers to amend delivery dates on goods and services as deemed necessary by the business. * Ensure purchase orders comply with contract terms and work to improve the efficiency of the purchase to pay process. * Ensure Purchase orders pricing is accurate, and take steps internally and with suppliers to correct price deviations in advance of invoice holds. * Proactively manage supplier performance on PO commitments, delivery and Invoice accuracy. * Ensure suppliers follow the correct procedures for submitting invoices for payment. * Supplier pricing negotiation. * Supporting supplier performance & relationship management. * Work with Accounts Payable organizations to clear any invoice
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