Procurement Manager

ZipRecruiter; High Wycombe; On-site; GBP 35,000 - 50,000; Full time

Job summary

A leading company in the UK is seeking a Procurement Specialist to optimize sourcing and supply chain management. The role involves strategic sourcing, supplier relationship management, and collaboration with internal stakeholders. Candidates should have strong negotiation skills and a Bachelor's degree in business or a related field, with the goal of ensuring cost-effectiveness and compliance.

Qualifications

• Proficiency in data analysis and reporting.
• Proven ability to develop and implement procurement strategies.
• Deep understanding of market dynamics and supplier landscape.

Responsibilities

• Conduct market research to identify potential suppliers and assess their capabilities.
• Lead supplier selection process through RFPs, negotiations, and contract management.
• Define and implement a long-term procurement strategy aligned with business objectives.

Skills

Analytical skills

Negotiation

Contract management

Communication

Stakeholder management

Education

Bachelor's degree in business, supply chain management, or related field

Tools

Procurement systems and tools

Job description

Job Description

Objectives of this role:

· Guarantee that the company is getting the best value for money while procuring goods and services from vendors and distributors

· Negotiate contracts and deals with sellers to promote maximum cost-savings in the sourcing and supply chain management system

· Devise and execute procurement strategies that benefit the business in the best way

· Adhere to applicable legal frameworks and regulations while striking deals with distributors and vendor

Key responsibilities:

Strategic Sourcing:

• Conduct market research to identify potential suppliers and assess their capabilities.
• Develop category management strategies for key spend areas, including cost reduction initiatives.
• Lead supplier selection process through RFPs, negotiations, and contract management.
• Analyse spend data to identify opportunities for cost optimization and value improvement.

Supplier Relationship Management:

• Build and maintain strong relationships with key suppliers, ensuring ongoing performance and alignment with business goals.
• Collaborate with suppliers on innovation, quality improvement, and cost reduction initiatives.
• Monitor supplier performance through key performance indicators (KPIs) and address any issues promptly.

Procurement Strategy Development:

• Define and implement a long-term procurement strategy aligned with business objectives.
• Develop procurement policies and procedures to ensure compliance and efficiency.
• Identify and mitigate potential risks associated with sourcing and supplier relationships.

Cross-functional Collaboration:

• Work closely with internal stakeholders across different departments to understand their procurement needs and requirements.
• Communicate procurement strategy and goals to key decision-makers.
• Collaborate with supply chain teams to optimize inventory management and delivery timelines.

Data Analysis and Reporting:

• Analyse procurement data to identify trends and opportunities for cost savings.
• Generate reports on procurement performance, including cost savings achieved and supplier compliance.
• Utilize data analytics tools to inform decision-making and identify areas for improvement.

Required Skills and Qualifications:

• Strong analytical skills with proficiency in data analysis and reporting
• Excellent negotiation and contract management skills
• Proven ability to develop and implement procurement strategies
• Deep understanding of market dynamics and supplier landscape
• Strong communication and stakeholder management skills
• Experience with procurement systems and tools
• Bachelor's degree in business, supply chain management, or related field

For more info, apply below.