Strategic Procurement Manager
2 months ago
At Prudential plc, we are seeking a highly skilled and experienced Strategic Procurement Manager to join our team. As a key member of our procurement function, you will play a critical role in driving cost optimization initiatives and delivering value-added solutions to our business.
Key Responsibilities- Develop and implement sourcing strategies that align with our Group Procurement objectives, ensuring maximum cost savings and minimal risk.
- Lead end-to-end buying activities above procurement threshold, collaborating with stakeholders to understand business requirements and aligning procurement strategies with organizational goals.
- Join tendering and evaluate vendors for significant company buying activities, introducing vendors to the business for RFP processes and providing guidance on comprehensive supplier evaluations.
- Negotiate favorable commercial terms, including pricing, payment terms, and service level agreements, ensuring stakeholders monitor contract performance periodically and manage contract renewals.
- Continuously utilize best procurement practices, identify continuous improvement opportunities, and support compliance to the Procurement Policy, driving awareness and compliance across the business.
- Bachelor's degree in business administration, supply chain management, or a related field.
- Minimum 6 years of experience in strategic sourcing, preferably in the insurance industry.
- Proven experience in procurement functions, with a track record of delivering cost savings and value-added initiatives.
- Strong negotiation and contract management skills, with the ability to manage complex contracts and supplier relationships.
- Excellent communication and stakeholder management skills, with the ability to work effectively with cross-functional teams.
- Experience across non-IT procurement categories, such as professional services, travel and entertainment, HR, marketing, and general office expenses.
- A strong passion for procurement and vendor management, with a willingness to challenge the status quo and work independently under tight deadlines.
We offer a dynamic and supportive work environment, with opportunities for professional growth and development. If you are a motivated and experienced procurement professional looking for a new challenge, we encourage you to apply for this exciting opportunity.
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