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Procurement Specialist

2 months ago

Colchester, Essex, United Kingdom Concurrent Technologies Plc Full time
About the Role

We are seeking a highly skilled and experienced Procurement Specialist to join our team at Concurrent Technologies Plc. As a key member of our procurement team, you will be responsible for overseeing purchasing activities and ensuring that components are sourced in line with our sales order book and pipeline.

Key Responsibilities
  • Supplier Performance Management
    • Manage on-time deliveries by maintaining outstanding purchase orders and deliveries with suppliers.
    • Benchmark and evaluate supplier performances against key performance indicators (KPIs) such as delivery times, quality, and pricing against competitors.
  • Supplier Management
    • Maintain accurate procurement records and documentation, including non-disclosure agreements (NDAs), due diligence, and final sign-off.
    • Manage request for quotation (RFQ) orders.
    • Minimum order quantity management, securing best pricing per batch order.
    • Conduct regular assessments of supplier capabilities, capacities, and financial stability.
    • Participate in strategic procurement planning and contribute to the development of sourcing strategies.
    • Optimize costs through effective negotiation, strategic sourcing, and continuous market analysis.
    • Implement and manage KPIs for suppliers to ensure consistent performance and adherence to contractual agreements.
  • Purchase Savings
    • Work towards purchase saving KPIs, including £50k per annum purchase savings per individual.
  • Rebate Creations
    • Set and achieve rebate targets by negotiating favorable terms and agreements with suppliers, with success measured on successful schemes implemented.
  • Increasing Payment Terms
    • Review and understand current payment terms and increase in cash.
  • Lead-Time Reduction
    • Focus on lead-time reduction strategies.
    • Consign stock agreements and safety stock agreements.
  • Procurement Strategy and End of Life Management
    • Work with the Engineering team and secure last time buys to avoid production disruption, establishing clear protocols for timely communication between Procurement, Engineering, and Strategy teams regarding component obsolescence to facilitate proactive decision-making.
    • Forecast obsolescence risks and implement strategies to address these risks.
    • Regularly review alternative manufactured parts on CNC items and identify opportunities for cost reduction, lead time improvement, and enhanced product quality.
    • Collaborate with engineering teams to assess the feasibility of substituting components with more cost-effective alternatives without compromising performance.
    • Identify and qualify multiple suppliers for critical components to mitigate risks associated with single-source dependency.
    What We Offer
    • Generous company pension scheme (up to 10% employer contribution)
    • Health Insurance, Life Assurance & Income protection
    • 25 days holiday + Banks
    • Holiday purchase scheme
    • Cycle to work
    • Techscheme
    • Electric Car Salary Sacrifice Scheme
    • No probationary period
    Equal Opportunity Statement

We recognize and actively promote the benefits of a diverse workforce and are committed to treating all employees with dignity and respect regardless of race, gender, disability, age, sexual orientation, religion, or belief. Discrimination on any of these grounds is expressly forbidden. We therefore welcome applications from all sections of the community.