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    • Procurement Specialist - Durban - Tower Group

    Tower Group
    Tower Group Durban

    1 week ago

    tower group background
    Description

    Procurement Specialist Role

    The Procurement Specialist plays a crucial role in maintaining positive vendor relationships, negotiating contracts, and contributing to the overall success of the organization through strategic procurement practices.

    This individual will be responsible for developing and implementing comprehensive category strategies aligned with organizational goals and objectives.

    The Procurement Specialist reports directly to the Manager: Sourcing & Procurement.

    Responsibilities

    Strategic Sourcing:

    • Identify potential suppliers, conduct negotiations, and secure advantageous terms and conditions.
    • Develop and implement strategic procurement plans to achieve cost savings and improve overall efficiency.
    • Evaluate and analyse supplier proposals, ensuring alignment with organisational goals and standards.

    Category Strategy Development:

    • Collaborate with key stakeholders to understand the organisation's overall business strategy and goals.
    • Translate business objectives into actionable procurement strategies for specific categories, considering market dynamics, industry trends, and internal requirements.

    Market Analysis and Research:

    • Conduct thorough market research to understand current and emerging trends within assigned procurement categories.
    • Analyse market conditions, supplier capabilities, and potential risks to inform strategic decision-making.

    Demand Forecasting:

    • Work closely with internal departments to forecast demand for products and services within the assigned categories.
    • Anticipate changes in demand patterns and adjust procurement strategies accordingly.

    Opportunity Identification:

    • Identify opportunities for consolidation, standardisation, and leveraging economies of scale within the category.
    • Explore innovative solutions and technologies that can enhance the efficiency and effectiveness of procurement processes.

    Lifecycle Management:

    • Develop strategies for managing the entire lifecycle of products and services within the category, from initial sourcing to end-of-life considerations.
    • Implement sustainable procurement practices and consider environmental, social, and ethical factors.

    Risk Mitigation:

    • Assess potential risks associated with the supply chain within the category, including geopolitical, economic, and operational risks.
    • Develop risk mitigation strategies to ensure a resilient and robust supply chain

    Continuous Improvement:

    • Implement a continuous improvement mindset within the category, regularly reviewing and refining procurement strategies based on performance metrics and feedback.
    • Collaborate with cross-functional teams to identify areas for improvement and innovation.

    Budgeting & Cost Control:

    • Support the Manager Sourcing & Procurement in performing spend analyses, contract analyses, categories review and proposes actions & initiatives to include in the annual budget process.
    • Monitor and control procurement-related costs, identifying opportunities for cost savings without compromising quality.
    • Implement cost-effective sourcing strategies to optimise budget allocation.

    Contract Management:

    • Ensure in consultation with manager S&P the proper implementation and follow-up of relevant procurement contracts
    • Facilitate visibility and availability of contracts
    • Ensure that supplier contracts are managed in line with the specifications of the Procurement Policies and principles (compliance).
    • Evaluate and improve use of contracts and decide on contract development together with stakeholders (e.g. termination or modification)

    Supplier Management:

    • Establish and maintain strong relationships with vendors and suppliers.
    • Evaluate vendor performance, addressing any issues or discrepancies in a timely manner.
    • Negotiate contracts, ensuring compliance with legal and regulatory requirements.

    Performance Measurement:

    • Understand and periodically measure and analyse processes and their performance/results by measuring global and local KPIs (e.g. P2P, savings, contractor safety, etc.).
    • Provide recommendations to improve the performance.

    Management & Improvement:

    • Support in the continuous improvement by understanding and analysing processes, identifying and implementing process improvement actions.
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