To support the Category Director and Category Managers with the delivery of the category strategy and deployment of the supplier relationship management program, ensure quality issues are resolved with the supply base and monitor the PR/PO pipeline.
Enter the key responsibilities of the role:
Support the delivery of the category strategy and deployment of the supplier relationship management program
Contribute to the development of basic sourcing strategies, including identifying risks, key outputs and deliverables. Lead sourcing and negotiation for low to medium spend new agreements or renewals within own scope and escalating those that are not, analysing financial and commercial structure, engaging Legal as required and ensuring correct terms and conditions are applied Engage stakeholders to ensure renewal is required and scale is accurate Engage the appropriate business stakeholder or vendor manager to get PO raised Support Category Directors or Category Managers with SRM activities, manage allocated supplier relationships Support sourcing activities across the wider team (Category Directors or Category Managers in other categories), as required depending on workload Manage the PR/PO pipeline for the assigned Category of spend
Review pipeline and Purchase Requisition queue and liaise with the Category Director and relevant Category Managers
Ensure purchase requests meet required standards - i.e. approval process has been followed, a fully signed LSEG standard contract and statement of work (if applicable) is in place, due diligence has been completed appropriately on new suppliers
Ensure Category managers are kept informed
Keep abreast of market and industry developments. Able to make recommendations on alternate sources of supply to inform specifications
Stakeholder engagement
Engage with key stakeholders across the business and key functions such as Legal, Finance and HR to progress queries and act as a point of procurement contact, with support from the Category Director and other Category Managers Engage with budget-owners to obtain key information and explain procurement processes in line with agreed process and procedures. Deal with stakeholder queries escalating as appropriate Engage with key functions to obtain information and complete necessary actions such as supplier segmentation form
Managing BAU
Information technology
Maintain Procurement systems and tools (e.g. pipeline management tool, savings tracker, supplier and contract databases, Category spend metrics)
Ensure that purchasing, pricing and supplier master data is kept up to date on the relevant IT systems so as to maintain procurement and planning efficiencies
Assess the value added by IT systems to resources employed (e.g. assess benefits of new sourcing solutions), support the design, implementation and management of procurement systems
Contract management
Ensure that relevant contracts are in place for key suppliers as assigned and supported by the Category Director.
Monitor contract performance and able to identify when corrective action needed
Identify where it is necessary to vary a contract to deliver continuous improvement, draft robust variations and ensure proper approvals are sought
Provide assistance to the business and suppliers across the end to end sourcing process, i.e. reviewing purchase orders, facilitating exceptions such as payment difficulties and ensuring timely delivery of goods and services, ensuring an excellent service is provided from within Group Procurement and other key stakeholders. Escalate when appropriate Actively promote continuous improvement by challenging process and procedure to identify and implement valid improvements
Enter the essential experience and skills required:
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