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Benchmarking Specialist (St. Louis, MO)
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Job Description
The Benchmarking Specialist will be responsible for working directly with the Category Management team and the Distribution Division to prepare, analyze and review complex market data to benchmark cost across categories. This individual will develop analytics that support strategic decisions and execute key initiatives. The ideal candidate will be able to bring effective business insight and strong analytical skills to improve organizational profitability by providing insights, trends, and new implementations within a rapidly changing environment.
This role will sit in our St. Louis, Mo (Hazelwood) office, M-F, day shift. There can be some flexibility to work from home 3-5 days per month as needed after training. You will report to the Benchmarking Manager.
Responsibilities:
- Utilize cost and pricing data to identify opportunities for profit growth, margin retention, and areas of friction within product costing including customer benchmarking, margin contribution, etc.
- Conduct thorough market research to gather data on competitor pricing, market trends, and customer preferences.
- Analyze industry benchmarks and identify market pricing trends to understand the competitive landscape.
- Develop and recommend pricing strategies and models based on comprehensive analysis, aimed at maximizing company profits while ensuring customer satisfaction.
- Gather and manage pricing data from various sources, including sales transactions, market research, and competitor analysis.
- Ensure data integrity and accuracy in pricing analysis and reporting.
- Perform continuous competitive analysis to track and report on competitor pricing strategies and market movements.
- Identify pricing opportunities and threats in the market and recommend actions.
- Monitor the performance of pricing strategies and initiatives, analyzing their impact on sales and profitability.
- Adjust pricing strategies in response to market changes, customer feedback, and organizational goals.
- Prepare regular reports on pricing analysis, strategies, and outcomes for senior management.
- Utilize advanced pricing software and analytical tools to enhance pricing analysis and strategy development.
- Develop standard tools and cadence for reporting out of information and tracking results.
- Build and maintain strong relationships with internal and external stakeholders at all levels of the business.
Requirements:
- High School diploma or GED equivalent required
- Bachelor's degree required (ideally in Business Analytics, Supply Chain Management, Computer Science, or Finance). Master's degree preferred.
- 3+ years' experience in Finance or Business Analytics is required.
- Distribution industry experience is a plus.
- Must have experience working on large scale projects as well as handling day-to-day operational requests from the business.
- Strong project management experience and the ability to successfully manage multiple tasks at once.
- Strong understanding of procurement, vendor management, business processes, and process improvement
- Possess strong planning, organizational and time management skills as well as strong analytical problem-solving skills
- Proficiency in a Microsoft Office environment is mandatory (Excel, Word, PowerPoint, Outlook, etc.) Advance skills in MS Excel is required (about 80% of the work is manipulating data in Excel)
- AS400, AI (ChatGPT/CoPilot) and Microsoft Power BI/Beacon exposure is a strong plus.
Your career path has many avenues available for you to succeed. Are you looking to advance at a rate that matches your ambition and skill set? We seek to recruit and retain the right people who are passionate about our business. We provide opportunities for our employees so they may progress within our company based on their talents, experiences, and their aptitude. So, what are you waiting for? A new career awaits you with endless opportunities.
Bunzl is a global leader in the Cleaning & Hygiene, Food Processing, Grocery, Health Care, Non-Food Retail, and Safety industries. We have grown both organically and through acquisitions to sales in excess of $10 billion. Bunzl North America is headquartered in St. Louis, Missouri. Bunzl North America owns and operates more than 100 warehouses and serves all 50 states, Puerto Rico, Canada and parts of the Caribbean and Mexico. With more than 5,000 employees and 400,000 plus supplies, Bunzl is regarded as a leading supplier in North America.
Bunzl Distribution offers competitive salaries, a comfortable work environment, and a full range of benefits including a 401k with a company match.
Bunzl Distribution has a tradition of commitment to equal employment opportunity. It is the established policy to attract and retain the best qualified people without regard to race, color, religion, national origin, sex/gender (including pregnancy), sexual orientation, age, disability or veteran status as provided by law.
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