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Procurement Specialist

2 months ago

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

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

Key Responsibilities
  • Supplier Performance Management: Manage on-time deliveries, benchmark supplier performance, and evaluate KPIs such as delivery times, quality, and pricing.
  • Supplier Management: Maintain accurate procurement records, manage RFQ orders, and conduct regular assessments of supplier capabilities and financial stability.
  • Purchase Savings: Work towards purchase saving KPIs, including £50k per annum purchase savings per individual.
  • Rebate Creations: Negotiate favourable terms and agreements with suppliers to achieve rebate targets.
  • Increasing Payment Terms: Review and understand current payment terms and increase them 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 to secure last time buys, establish protocols for timely communication, and forecast obsolescence risks.
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.
About Us

Concurrent Technologies is a public company quoted on AIM on the London Stock Exchange. We design and manufacture high-performance Intel processor boards, switches, networking, storage, and software products for embedded computing solutions. Our products are used in various markets, including Defence, Security, Aerospace, Telecommunications, Transportation, Medical, and Industrial.

We operate facilities in the UK and the US and have a worldwide network of distributors and manufacturers' representatives to ensure local support for our customers.