Strategic Sourcing Specialist Procurement

Job Title- Strategic Sourcing Specialist Procurement- Location- Selby - Johannesburg, GP 2001 ZA (Primary)- Occupational Level- Professional- Job Category- Procurement- Job Type- Permanent- DescriptionBankservAfrica form part of the South African National Payments System and are a trusted partner of the financial industry, including banking institutions, and therefore require that employees adhere to unwavering standards of honesty and transparency in performing their duties. PURPOSE - As a Strategic Sourcing Specialist Procurement you are responsible for: - ensuring efficient, effective, and uniform processes for the procurement of products and services within the Group; - establishing a sustainable and systematic approach to strategic procurement within the procurement cycle in order to plan, direct and coordinates the purchase of products and services; and - proactively supporting the Group to drive ongoing standardization and optimisation. - You will engage with the following stakeholders: - Business owners within the shared services space, including Facilities, Human Capital, Finance, Legal, EPMO, CEO, Procurement, Risk, Compliance and Governance business units; - Project teams - Procurement and Finance operations - Legal, risk and compliance operations - Suppliers - Executives and executive directors Your key responsibilities include: - Category Management- Develop, category plans and commercial solutions aligned to "best in class" business drivers for delivering specific components thereof related to shared services value management - Develop a fact-base to appropriately understand market analytics and category dynamics, these include Total Cost of Ownership (TCO) models, comparative analysis, spend analysis, trend analysis, risk analysis, benchmarking etc. - Develop and or review comprehensive business cases in order to support strategies for approval by senior stakeholders of shared services functions’ value management. - Work with identified business area to embed and ensure compliance to Procurement Policies. Assist r in delivery of commercial and contractual elements through commercial negotiations, leading to awarding contracts. - Ensure all financial, risk, strategic and commercial considerations are optimised using due diligence checks, best in class strategies and general 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 opportunities. - Introduce Value Add and Value Engineering (VAVE) initiatives that will contribute to savings and maximise value. - Report on performance against targets for benefits realization by extraction of data through MI. - Devise methods to optimise processes and eradicate waste to drive value throughout the supply chain. - Introduce innovation that will add strategic benefit through mutual relationships and synergies by working with the internal customer (business units) and third-party suppliers. - Contract Management- Delivering effective contract management includes - Service delivery management: ensuring that the service is being delivered as agreed to the required level of performance and quality, to agreed deadlines. Create and maintain relationships to keep business engagements cordial. Optimise 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 are in line with company policies and governance, by reviewing monthly reporting 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 that all contractual information and documentation is loaded onto SAGE and relevant Procurement platforms/systems for each deal that is completed, prior to benefit sign off, as per the agreed sourcing process. Address all enquiries to aid resolution related to supplier payments and invoicing. - Stakeholder Management- Support the organisation in achieving its strategic objectives by interpreting and influencing both the external and internal environments and by creating positive relationships with stakeholders through the appropriate management of their expectations and agreed objectives. - Position stakeholders according to the level of influence, impact, or enhancement they may provide to the business or its projects. - Recognise and acknowledge stakeholder needs, concerns, wants, authority, common relationships, interfaces, and align this information with the overall delivery strategy. - Ensure communication standards are transparent, honest, and open with stakeholde