Procurement Analyst - Global Sourcing & Innovation

Why Choose Us?

Novolex is a leading manufacturer of food, beverage, and specialty packaging that supports multiple industries including foodservice, restaurant delivery and carryout, food processing, grocery and retail, and industrial sectors. Novolex manufacturing and sourcing expertise spans a diverse range of substrates including resin, paper, molded fiber, aluminum and more. We provide customers a broad array of stock and customized solutions with 120 product categories, 250 brands and over 39,000 SKUs.

Our Sustainability Commitment

The Novolex sustainability vision is built upon three pillars: our products, our operations and our people. Each is critically important to our growth and future as a business. These pillars form the foundation of our company-wide commitment to sustainability, helping us achieve our ambitious goals through our wide-ranging initiatives.

This is a hybrid position with 3 days a week in our Lake Forest office. 

Position Summary

Novolex is seeking a highly analytical, strategic, and results-driven Procurement Analyst to join the Procurement Center of Excellence (COE) Analytical Team, supporting Global Sourcing & Innovation. This role will serve as a critical business partner across Procurement, Finance, Operations, Supply Chain, Quality, and Commercial teams to drive cost optimization, sourcing strategy, innovation commercialization, and enterprise make-vs-buy decision support.

The ideal candidate will combine strong financial acumen, data analytics expertise, sourcing knowledge, and operational understanding to develop actionable insights that improve Purchased Finished Goods (PFG) performance, support strategic sourcing initiatives, and enhance enterprise-wide procurement effectiveness.

This position will play a key role in building scalable procurement analytics, supporting annual operating plan (AOP) development, improving sourcing governance, and accelerating value creation across Novolex’s global supply network.

Key Responsibilities

Global Sourcing Financial Analytics & LCOGS Ownership

• Develop, maintain, and continuously improve comprehensive Landed Cost of Goods Sold (LCOGS) models for all Purchased Finished Goods categories.
• Analyze and break down total product cost components, including:
• Supplier product cost
• Raw material inputs
• Tariffs, duties, AD/CVD exposure
• Ocean freight
• Inland freight
• Packaging costs
• Warehousing impacts
• FX and regional cost drivers
• Monitor material cost trends, global supply market conditions, and budget assumptions.
• Support monthly, quarterly, and annual cost forecasting processes.
• Provide financial variance analysis against AOP, budget, and forecast.

Strategic Sourcing & RFP Support

• Support development, execution, and analysis of global RFPs across purchased finished goods categories.
• Normalize supplier proposals and evaluate exact-match versus like-item alternatives.
• Partner with sourcing managers to compare specifications, performance requirements, tooling, and cost competitiveness.
• Conduct supplier bid analysis, total cost comparisons, scenario modeling, and award recommendations.
• Track sourcing project savings, implementation timelines, and risk mitigation opportunities.

AOP, Budgeting & Cost Governance

• Support Procurement and business teams in AOP development by modeling material cost assumptions and sourcing strategies.
• Monitor ongoing changes to:
• Material markets
• Freight markets
• Tariffs and duties
• Supplier pricing
• Currency fluctuations
• Build reporting dashboards that measure cost impacts versus budget.
• Support leadership with MBR, QBR, and ELT reporting.

Make vs Buy & Network Optimization

• Support enterprise Make vs Buy processes by developing financial models and business cases in partnership with plant operations, supply chain planning, and finance.
• Analyze:
• Internal manufacturing costs
• External sourcing costs
• Capacity utilization
• Capital requirements
• Network optimization scenarios
• Co-packing opportunities

Supplier Performance, Risk & Governance

• Support supplier scorecards, SRM analytics, and supplier performance tracking.
• Monitor supplier risk related to:
• Trade compliance
• Geographic concentration
• Cost inflation
• Capacity constraints
• Quality trends
•  Ethical sourcing, labor practices, and responsible supply chain compliance
• Support supplier sustainability, compliance, and social responsibility initiatives, including management and tracking of SEDEX/Supplier Ethical Data Exchange requirements, SMETA audits, and responsible sourcing documentation.

Data Systems, Reporting & Continuous Improvement

• Build dashboards, scorecards, and analytics tools using ERP, Coupa, Power BI, Excel, and other procurement systems.
• Improve data visibility and reporting automation across procurement operations.
• Support procurement process improvement and COE capability development.
• Help establish scalable best practices for sourcing analytics and procurement governance.

Qualifications

• 3–7 years of experience in procurement, strategic sourcing, supply chain analytics, finance, or operations analysis.
• Strong financial modeling and cost analysis experience.
• Advanced Excel capabilities, including:
• Complex formulas
• Pivot tables
• Scenario modeling
• Experience with ERP systems, procurement platforms, or business intelligence tools (e.g., SAP, Coupa, Power BI).
• Strong understanding of global supply chains, landed cost modeling, and sourcing processes.
• Ability to manage multiple complex projects in a fast-paced environment.

Preferred

• Experience in manufacturing, packaging, foodservice disposables, or consumer products.
• Knowledge of tariffs, trade compliance, AD/CVD, and global logistics.
• Experience with RFP execution and supplier bid analysis.
• Exposure to Make vs Buy strategy, network optimization, or supply chain transformation.
• Power BI, SQL, or advanced analytics tools.

A reasonable estimate of the current range is $70-79k + bonus + benefits. The range displayed on each job posting reflects the minimum and maximum target salaries for the position across all US locations. Within the range, individual pay is determined by job-related skills, experience, and relevant education or training. At Novolex, it is not typical for an individual to be hired at the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case.

The benefits for this role include 401(k) plan with company match, comprehensive medical, dental, and vision insurance, flexible spending and health savings accounts, paid vacation, and sick days, paid parental leave, paid holidays and wellness program.

#INDSalaried

#LI-Hybrid

What You'll Get From Us

Benefits

With safety as our top priority and a commitment to employee well-being an important focus, we offer comprehensive and competitive benefits that include medical, dental and vision insurance as well as a variety of other well-being resources focused on mental, physical and financial health. Specific benefits and well-being programs may vary depending on where you work.

Community Engagement

At Novolex, giving back to the local communities that support us is important. Our Focused Giving Program prioritizes support for organizations whose missions promote sustainability initiatives or address food and hunger needs. We also encourage facility level support of activities in the communities where our employees live and work.

Training and Development

We offer constant opportunities for advancement. From skills development to advanced education programs, training and development programs and courses are available through MyLearning. Programs include company and industry training curricula, support for formal education through the Tuition Reimbursement Program (Non-Union), and a Learning Management System that supports and enhances employee skills at all levels of the organization.

Novolex is committed to providing equal employment opportunity in all employment practices, including but not limited to selection, hiring, promotion, transfer, and compensation to all qualified applicants and employees without regard to age, race, color, national origin, sex, pregnancy, sexual orientation, gender identity, religion, handicap or disability, genetics, citizenship status, service member or veteran status, or any other category protected by federal, state, or local law. Any individual who, because of his or her disability, needs an accommodation in connection with an aspect of the Company's application process should contact myHRservices@novolex.com.

Formerly Pactiv Evergreen