Head of Procurement

4 weeks ago

London, United Kingdom Fastmarkets Group Full time

Interim Head of Procurement - FTC, 18 months
Full-time
Employment Type: Fixed Term Contract (FTC) Fastmarkets is an independent commodity pricing and information organisation with over 600 staff. We are supported by a working model that is based ona hybrid approach that allows each of us to balance home and office working while encouragingeffective collaboration and accountability. Our price data, forecasts, and market analyses give our customers strategic advantage in complex, volatile, often opaque markets. Fastmarkets works to create transparent commodity markets through our reliable and trusted price data and market intelligence. By doing this, Fastmarkets helps our customers build a more sustainable world. We are built on a 130-year foundation while bringing a digital platform to market, combining the currency of trust with the power of digital. With a deep sense of purpose and belonging, we are building an extraordinary future – together. If you would like to help build the future, we hope you will join us on our journey. Fastmarkets is owned by global private equity firm Astorg, a specialist investor in healthcare, software, technology, business services and technology-based industrial companies. Procurement is a newly created function for Fastmarkets, following separation from a FTSE 250 PLC. This role will be crucial in leading and continually developing a fit-for-purpose procurement function and team, specifically providing category expertise across all categories as required, and providing expertise in large and/or complex technology procurement activities. Build and develop a small team of procurement professionals that can undertake all procurement activities to support Fastmarkets in accordance with the Procurement Policy.
Own the Procurement Policy and corresponding processes and [playbooks] and ensure these are regularly updated and communicated to the business, providing advice and guidance as required where the business can self-serve.
Ensure that any procurement database and subsequent tools and systems (such as spend cubes and contracts databases) are implemented and maintained to provide appropriate and useful data and can be used to facilitate clear reporting.
Act as a trusted procurement business partner across all Fastmarkets and build collaborative relationships with key stakeholders.
Oversee and/or lead the drafting and negotiating of robust contract and commercial terms, identifying potential risks and implementing risk mitigation strategies.
Stay informed about market trends and advancements to inform procurement decisions.
Specifically, collaborate with key stakeholders to understand IT requirements and forecast future needs to help contribute to their budgeting process, focusing on cost-saving opportunities and efficiency improvements.
This role will work closely with business function owners and Fastmarkets’ Senior Leadership Team. This role is expected to maintain strong relationships within the external market to understand how changes to the market may impact future procurement decisions.
We recruit talented, dynamic people with diverse backgrounds and experiences, all united by a belief in our mission to provide the world’s leading and most trusted price reporting, events, and intelligence service for the markets we serve. To have the presence and gravitas to engage, support and challenge procurement decisions with the Fastmarkets Senior Leadership Team.
Extensive experience of procurement in an international organisation and preferably in a matrixed organisation.
Extensive experience of procurement across all different commodities and categories
Knowledge of procurement across all different IT categories such as Software including SaaS, licences and subscription, Services including Managed Service Providers, Cloud Computing, IT consulting and professional services, Data Centres and Co-Location facilities, Network and Telecoms, Information Security, Digital, IT consumables, Hardware and End User Devices).
Experience of developing a robust procurement presence within an organisation which has limited exposure to a quality procurement function.
A track record in leading a small Procurement team or a Procurement team within a predominantly digital environment.
An expert contract and commercial negotiator adept at shaping innovative deals.
Results, deadline and quality driven.
The ability to meet and/or exceed deadlines and financial targets.
We use insights to improve our customers’ experience and our business performance
We are collaborative, able to work across teams and capitalise on the diversity of intellect, perspectives, and experiences.

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