Procurement Specialist - Strategic Sourcing

Placements24; Cape Town; On-site; ZAR 550,000 - 900,000; Full time

Benefits offered by this job

Competitive salary

Performance-based incentives

Medical aid and provident fund

Generous leave allocation

Career advancement opportunities

Employee discounts on products

Job summary

Placements24 in Cape Town, Western Cape is seeking a Procurement Specialist to drive strategic sourcing and supplier management within a dynamic retail conglomerate. The role focuses on identifying opportunities, negotiating favorable terms, and delivering cost savings across categories.

You will analyze spend data, conduct market research, and build robust supplier relationships to enhance supply chain resilience and deliver value.

Qualifications

• Bachelor's degree in Business, Supply Chain Management, Economics, or a related field.
• 3-5 years of procurement experience with focus on strategic sourcing and category management.
• Demonstrated success in negotiating complex contracts and achieving cost savings.
• Strong analytical skills with ability to interpret complex data and market intelligence.
• Proficiency in procurement software and MS Office Suite, particularly Excel.
• Excellent communication, presentation, and interpersonal skills.
• Ability to work independently and as part of a team in a fast-paced environment.
• A proactive and results-oriented mindset.
• Experience in the retail sector is a significant advantage.
• Knowledge of ethical sourcing practices and sustainability in supply chains.

Responsibilities

• Conduct in-depth market analysis to identify sourcing opportunities and risks.
• Develop and implement category strategies for key spend areas, focusing on cost reduction and value enhancement.
• Manage the end-to-end sourcing process, including RFx development, supplier evaluation, and selection.
• Negotiate favorable terms, pricing, and SLAs with suppliers.
• Build and maintain strong, long-term relationships with strategic suppliers.
• Collaborate with internal stakeholders to ensure procurement solutions meet business requirements.
• Monitor supplier performance and implement continuous improvement initiatives.
• Ensure compliance with company procurement policies and procedures.
• Assist in developing and managing procurement budgets.
• Identify opportunities for process automation and efficiency improvements within procurement.

Skills

Analytical skills

Communication skills

Interpersonal skills

Teamwork

Education

Bachelor's degree in Business or related field

Tools

Procurement software

Excel

Job description

About the Role

Our client, a dynamic and rapidly expanding retail conglomerate, is seeking a talented and driven Procurement Specialist to join their team in Cape Town, Western Cape. This role focuses on strategic sourcing initiatives, aiming to identify and secure best-in-class suppliers and products to enhance our client's competitive market position. The successful candidate will be instrumental in developing and executing sourcing strategies that deliver significant cost savings and improve supplier performance across various categories. This position offers a unique chance to contribute to a leading brand in the vibrant Cape Town market, working within a collaborative and innovative procurement department. You will be expected to analyze complex spend data, conduct thorough market research, and build robust supplier relationships to drive value and ensure supply chain resilience.

This is an exciting opportunity for a motivated professional to shape the future of procurement for a major player in the retail sector.

Key Responsibilities

• Conduct in-depth market analysis to identify sourcing opportunities and potential risks.
• Develop and implement category strategies for key spend areas, focusing on cost reduction and value enhancement.
• Manage the end-to-end sourcing process, including RFx development, supplier evaluation, and selection.
• Negotiate favorable terms, pricing, and service level agreements with suppliers.
• Build and maintain strong, long-term relationships with strategic suppliers.
• Collaborate with internal stakeholders to understand their needs and ensure procurement solutions meet business requirements.
• Monitor supplier performance and implement continuous improvement initiatives.
• Ensure compliance with company procurement policies and procedures.
• Assist in the development and management of procurement budgets.
• Identify opportunities for process automation and efficiency improvements within the procurement function.

Requirements

• Bachelor's degree in Business, Supply Chain Management, Economics, or a related field.
• 3-5 years of experience in procurement, with a focus on strategic sourcing and category management.
• Demonstrated success in negotiating complex contracts and achieving cost savings.
• Strong analytical skills with the ability to interpret complex data and market intelligence.
• Proficiency in procurement software and MS Office Suite, particularly Excel.
• Excellent communication, presentation, and interpersonal skills.
• Ability to work independently and as part of a team in a fast-paced environment.
• A proactive and results-oriented mindset.
• Experience in the retail sector is a significant advantage.
• Knowledge of ethical sourcing practices and sustainability in supply chains.

Benefits

• Attractive salary package commensurate with experience.
• Performance-based incentives and annual bonus.
• Comprehensive medical aid and provident fund.
• Generous leave allocation.
• Opportunities for career advancement within a growing organization.
• Employee discounts on company products and services.
• Professional development programs and training opportunities.
• Vibrant and collaborative work environment in beautiful Cape Town.
• Wellness programs and initiatives.