Strategic Procurement Specialist

2 weeks ago

Edinburgh, United Kingdom oilandgas.org.uk Full time

JOB DESCRIPTION

CLOSING DATE 23 MAY 2024

As a Strategic Procurement Specialist, you will play a pivotal role in optimizing NOV's procurement strategy and ensuring the acquisition of goods and services aligns with our overall business objectives. You will be responsible for sourcing, negotiating, and managing relationships with suppliers to drive cost savings, improve quality, and mitigate risks. The ideal candidate will possess strong analytical skills, negotiation abilities, and strategic thinking to effectively contribute to our procurement processes. Ideally, we would like the successful candidate to be working out of Kintore in Aberdeenshire, but applicants from across the UK and beyond are welcome to apply.

As a Strategic Procurement Specialist, you will have the opportunity to contribute to our NOV's success by driving strategic initiatives, optimizing procurement processes, and fostering strong partnerships with suppliers and internal stakeholders. If you possess the requisite skills and experience and are eager to make a meaningful impact, we encourage you to apply for this exciting opportunity.

The ideal candidate should meet the following criteria and responsibilities:-

KEY RESPONSIBILITIES:

Strategic Sourcing:

  • Identify and evaluate potential suppliers based on factors such as cost, quality, reliability, and alignment with NOV objectives
  • Develop and implement sourcing strategies to optimize supplier selection and mitigate supply chain risks
  • Continuously monitor market trends, supplier capabilities, and industry dynamics to identify opportunities for improvement
Negotiation and Contract Management:

  • Lead negotiations with suppliers to secure favorable terms, including pricing, payment terms, and contractual agreements
  • Draft, review, and execute contracts and agreements with suppliers, ensuring compliance with legal and regulatory requirements
  • Establish and maintain strong relationships with key suppliers to foster collaboration and drive long-term value
Cost Management:

  • Drive cost reduction initiatives through effective negotiation, supplier consolidation, and value engineering
  • Analyze pricing trends and market conditions to identify cost-saving opportunities and optimize procurement decisions
  • Track and report on cost savings and cost avoidance achieved through procurement activities
Supplier Performance Management:

  • Monitor supplier performance against key performance indicators (KPIs) such as quality, delivery, and service levels
  • Implement performance improvement initiatives and address any issues or concerns with suppliers proactively
  • Conduct regular supplier audits and evaluations to ensure compliance with contractual agreements and quality standards
Cross-functional Collaboration:

  • Collaborate closely with internal stakeholders, including operations, finance, & the tactical procurement team, to align procurement activities with business objectives
  • Provide strategic guidance and recommendations to support decision-making processes related to procurement and supplier management
Continuous Improvement:

  • Identify opportunities to streamline procurement processes, improve efficiency, and enhance overall effectiveness
  • Implement best practices and leverage technology solutions to automate and optimize procurement workflows
  • Stay abreast of industry trends, emerging technologies, and best-in-class procurement practices to drive innovation and continuous improvement
QUALIFICATIONS & EXPERIENCE:

  • Proven experience in strategic sourcing, procurement, or supply chain management, preferably in a manufacturing or distribution environment
  • Bachelor's degree in business administration, supply chain management, finance, or related field; advanced degree or professional certification (e.g., CIPs) is preferred but not essential
  • Strong negotiation skills with a demonstrated ability to achieve cost savings and favorable contract terms
  • Excellent analytical and problem-solving abilities, with a data-driven approach to decision-making
  • Proficiency in contract management, supplier relationship management, and supplier performance evaluation
  • Ability to communicate effectively and collaborate with internal stakeholders at all levels of the organization
  • Knowledge of relevant regulations and compliance standards governing procurement activities
ABOUT US

Every day, the oil and gas industry's best minds put more than 150 years of experience to work to help our customers achieve lasting success.


We Power the Industry that Powers the World

Throughout every region in the world and across every area of drilling and production, our family of companies has provided the technical expertise, advanced equipment, and operational support necessary for success-now and in the future.


Global Family

We are a global family of thousands of individuals, working as one team to create a lasting impact for ourselves, our customers, and the communities where we live and work.


Purposeful Innovation

Through purposeful business innovation, product creation, and service delivery, we are driven to power the industry that powers the world better.


Service Above All

This drives us to anticipate our customers' needs and work with them to deliver the finest products and services on time and on budget. #J-18808-Ljbffr

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