Strategic Sourcing Specialist Procurement

2 weeks ago

Johannesburg, Gauteng, South Africa Indipath Recruitment Full time
Your Key Responsibilities Include:

Category Management
  • Develop category plans and commercial solutions aligned with top business drivers for delivering specific components related to shared services value management
  • Create a fact-base to understand market analytics and category dynamics, including Total Cost of Ownership (TCO) models, comparative analysis, spend analysis, trend analysis, risk analysis, benchmarking etc.
  • Develop and review comprehensive business cases to support strategies for approval by senior stakeholders of shared services functions value management.
  • Collaborate with identified business areas to ensure compliance to Procurement Policies. Assist in delivering commercial and contractual elements through negotiations, leading to awarding contracts.
  • Optimize all financial, risk, strategic and commercial considerations using due diligence checks, effective strategies, and market knowledge

Benefits Realisation
  • Ensure sustainable savings by identifying opportunities and delivering benefits against all targets through effective cost reduction, cost avoidance, and revenue generation.
  • Implement Value Add and Value Engineering initiatives that contribute to savings and maximize value.
  • Report on performance against targets for benefits realization by extracting data through MI.
  • Develop methods to optimize processes and eradicate waste to drive value throughout the supply chain.
  • Introduce innovation that adds strategic benefit through mutual relationships and synergies by collaborating with internal customers (business units) and third-party suppliers.

Contract Management
  • Delivering effective contract management includes
  • Service delivery management: ensuring that the service is delivered as agreed to the required level of performance and quality, to agreed deadlines. Create and maintain relationships to keep business engagements positive. Optimize the efficiency, effectiveness, and economics of the service or relationship described in the contracts, by balancing costs against risks and actively managing the contractual relationship.
  • Transactional integrity: Ensure transactional integrity is adhered to for each step in the P2P process and all transactions align with company policies and governance, through reviewing monthly reports and working with the allocated business units.
  • Contract terms: Review draft agreements and ensure inclusion of appropriate category, industry, and vendor terms and conditions in support of the Legal team.
  • Vendor completeness and settlement: Ensure all contractual information and documentation is loaded onto SAGE and relevant Procurement platforms/systems for each deal completed, before benefit sign-off, following the agreed sourcing process. Address all inquiries to aid resolution related to supplier payments and invoicing.

Stakeholder Management
  • Support the organization in achieving its strategic objectives by interpreting and influencing both the external and internal environments and by building positive relationships with stakeholders through the appropriate management of their expectations and agreed-upon objectives.
  • Position stakeholders according to their level of influence, impact, or enhancement they may provide to the business or its projects.
  • Recognize and acknowledge stakeholder needs, concerns, wants, authority, common relationships, interfaces, and align this information with the overall delivery strategy.
  • Ensure transparent, honest, and open communication standards with stakeholders.

Governance and Compliance
  • Ensure adherence to all governance and compliance related requirements from company and statutory perspectives, as requested and reported by the Compliance team throughout the year.
  • Meet and maintain all targets concerning governance and compliance by preparing and reviewing reports and collaborating with the allocated business units.
  • Complete all training requirements to understand governance and compliance requirements.
  • Achieve all targets related to BBBEE and transformation through due consideration in the processes of acquiring products and services.
  • Assure procurement compliance with BBBEE objectives.
  • Establish BBBEE targets to develop, implement, and manage BBBEE policies, procedures, and initiatives following legislative and compliance requirements.
  • Support the development and upkeep of company policies and procedures, ensuring compliance with all relevant regulation and legislation, and aiding in the identification and reporting of risks and their mitigation for the Procurement function

Research and Development
  • Spend analysis to support sourcing and category management plans and maximize benefits within supply chain risk tolerances.
  • Drive effective supplier relationship management (SRM) and implement supplier performance management processes & audits, including SLAs and KPI management.
  • Conduct market analysis to identify new opportunities and meet or exceed total cost and value objectives for the organization.
  • Assess and manage complex technical risks related to projects or activities across user departments, using Procurement best practices.

Procurement process management
  • Efficiently roll out and implement all Procurement objectives
  • Establish and coordinate procurement demand plans for supported business units, aligned with organizational strategy and budgeting/forecasting cycles.
  • Achieve outcomes and objectives as agreed with the Head of Procurement and business units.
  • Report effectively on procurement activities against internal procurement and supply chain management principles, including reduced total cost of ownership and enhanced organizational value.
  • Report on progress against annual procurement plans (monthly/quarterly/etc.)
  • Manage sourcing for products and services, including market research, bid preparation, bid evaluation and support, commercial negotiations, award support and recommendations, presentation of results, BBBEE compliance, and process governance.
  • Support planning & monitoring of compliance on contract purchases and projects.

Stakeholder relationship management
  • Enhance relationships between the Procurement department and relevant internal & external stakeholders.
  • Manage SLAs and monitor and maintain internal customer satisfaction levels.

People Management
  • Contribute to building a high-performance team and culture through regular engagement sessions, on-the-job coaching, talent development within the Procurement team, and ongoing training and support of internal and external stakeholders.

QUALIFICATIONS / KNOWLEDGE
  • Completed University Bachelor's Degree or equivalent (Procurement, Logistics Management, Supply Chain Management, or similar)
  • Minimum 5 years of progressively responsible experience as a Procurement Specialist
  • Knowledge of procurement policies, processes, and procedures
  • Understanding of the Banking or ICT industry would be advantageous
  • CIPS qualification

EXPERIENCE
  • A minimum of 5 years relevant experience
  • A minimum of 4 years financial services experience would be advantageous.

KNOWLEDGE AND SKILLS
  • Successfully lead multiple projects and navigate ambiguity
  • Understanding of planning, scheduling, and project/deal control
  • Strong stakeholder management ability
  • Excellent communication and interpersonal skills
  • Advanced contract management, supplier relationship, and stakeholder management
  • Effective planning, organizing, and project management skills
  • Excellent communication and interpersonal skills (listening, written and verbal)
  • Team player, with the ability to work independently as required
  • Efficient time management, goal-oriented, able to prioritize demands and deliver results under pressure
  • Diligent work ethic and high attention to detail
  • Strong negotiating, decision-making, analytical, and problem-solving skills, with commercial acumen
  • Critical thinking
  • Change agent
  • Ability to assume ownership of relevant categories
  • Intermediate knowledge required in all Microsoft desktop applications such as Word, Excel, and PowerPoint

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