Sourcing Specialist C2 - Johannesburg, South Africa - FirstRand

FirstRand
FirstRand
Verified Company
Johannesburg, South Africa

1 week ago

Thabo Mthembu

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Thabo Mthembu

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Description
About us, purpose, experience and qualifications


about us:

- make a promise
- be deeply invested
- value our differences
- build trust, not territory
- have courage
- always do the right thing


purpose:


  • Develop and implement sourcing plans and tactics to effectively manage an assigned portfolio and associated activities. Through environmental scanning and forecasting assess current market and future business sourcing requirements and opportunities.

experience and qualifications:


  • Minimum: NQF
  • Qualification in Supply Chain Management or a Bachelor's Degree in Commerce.
  • Preferred: Charted Institute of Purchasing and Supply (CIPS).
  • Minimum 7 years working experience in procurement.
  • Preferred: Experience in financial services industry

additional requirements:


responsibilities:


  • Manage costs within approved budget and timely submit required financial documents.
  • Work with business unit purchasing leadership to incorporate the impact associated with sourcing team efforts into operating budgets and to ensure that appropriate, relevant procurement management information is available.
  • Deliver exceptional service that exceeds customers' expectations through proactive, innovative and appropriate solutions.
  • Provide advice and support to find solutions to difficult customer complaints in order to achieve and maintain set customer service excellence standards.
  • Objectively manage relationships with internal customers, provide feedback to queries timeously and use expertise to advise customers.
  • Developing factbased sourcing strategies and plans in line with Group Procurement strategy and demand/supply considerations.
  • Develop, manage and ensure effective implementation of supply chain management and associated sourcing methods and develop category sourcing plans.
  • Monitor the supplier market and identify opportunities resulting in new market offerings or market shifts. Work with external suppliers and market analysts to determine market trends and cost drivers. Conduct buying power assessments and analyse cost structures to maximize savings.
  • Work with internal stakeholders to develop robust company demand forecasts for the category. Conduct profiling for sourcing volumes, specifications, prices and suppliers.
  • Conduct sourcing activities and execute the negotiation activity relating to the portfolio in order to deliver favourable contracting agreements. Select negotiation or competitive bidding processes and develop negotiation strategy for the category/commodity suppliers.
  • Deliver, track and monitor savings as per identified sourcing targets and make recommendations for improvement. Monitor the performance of suppliers and resolve issues/problems and develop appropriate recovery plans when performance targets are not met.
  • Ensure that contract pricing reviews occur timeously and that operational sourcing plans are developed and implemented accordingly.
  • Implement benchmark and improve all business processes in the designated area of responsibility (e.g. procurement processes, tenders, contracts, supplier lists and purchasing lists).
  • Identify potential sourcing risks, issues and opportunities and propose recommendations to mitigate risks.
  • Keep abreast of bestpractices and trends and benchmarking within the practice to maintain deep category/commodity expertise and full visibility into all category activities.
  • Compile and communicate accurate and timely operational reports and keep key stakeholders informed of sourcing/procurement status including updating relevant information systems.
  • Keep up to date with own area of expertise to develop and maintain own professional knowledge base in order to provide effective support and advice.
  • Demonstrate exemplary leadership behaviour, through personal involvement, commitment and dedication in support of organisational values and employee development.
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