Strategic Procurement Expert
1 month ago
Job Title: Strategic Procurement Expert
Salary: $80,000 - $110,000 per year
About the Role:We are seeking a highly skilled and experienced Strategic Procurement Expert to join our team at Tower Group.
The ideal candidate will have a strong background in procurement, with expertise in strategic sourcing, contract management, and supplier relationship development.
This is an excellent opportunity for a motivated and results-driven professional to take on a key role in driving business growth and improving operational efficiency.
Key Responsibilities:Strategic Sourcing:
- Identify and develop strategic sourcing opportunities to improve cost savings and efficiency
- Develop and implement comprehensive category strategies aligned with organisational goals
- Collaborate with cross-functional teams to ensure alignment with overall business strategy
Category Strategy Development:
- Translate business objectives into actionable procurement strategies for specific categories
- Analyse market conditions, supplier capabilities, and potential risks to inform strategic decision-making
- Develop strategies for managing the entire lifecycle of products and services within the category
Risk Mitigation:
- Assess potential risks associated with the supply chain within the category
- Develop risk mitigation strategies to ensure a resilient and robust supply chain
Continuous Improvement:
- Implement a continuous improvement mindset within the category, regularly reviewing and refining procurement strategies based on performance metrics and feedback
- Collaborate with cross-functional teams to identify areas for improvement and innovation
Budgeting & Cost Control:
- Monitor and control procurement-related costs, identifying opportunities for cost savings without compromising quality
- Implement cost-effective sourcing strategies to optimise budget allocation
Contract Management:
- Evaluate and improve use of contracts, deciding on contract development together with stakeholders
- Facilitate visibility and availability of contracts, ensuring compliance with specifications of Procurement Policies and principles
Supplier Management:
- Establish and maintain strong relationships with vendors and suppliers
- Negotiate contracts, ensuring compliance with legal and regulatory requirements
Performance Measurement:
- Understand and periodically measure and analyse processes and their performance/results by measuring global and local KPIs
- Provide recommendations to improve the performance
Education:
- Bachelor's degree in Business Administration, Supply Chain Management, or a related field
Experience:
- Proven experience as a Procurement Specialist or in a similar role
Skills:
- In-depth knowledge of procurement regulations, best practices, and market trends
- Strong negotiation and communication skills
- Excellent organisational and multitasking abilities
- Proficient in using ERP Systems and Google Docs
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