Strategic Procurement Manager

2 weeks ago


Telford, Telford and Wrekin, United Kingdom Phoenix Group Holdings Full time
About the Role

We are seeking a highly skilled and experienced Strategic Procurement Manager to join our team at Phoenix Group Holdings. As a key member of our procurement function, you will play a critical role in driving business growth and profitability through effective procurement and supplier management.

Key Responsibilities
  • Category Strategy Development: Develop and implement strategic procurement plans aligned with category/departmental objectives and wider-organisational goals.
  • Supplier Selection & Management: Identify, assess, and commercially manage end-to-end relationships with strategic, critical and other material suppliers to ensure the delivery of high-quality products and services.
  • Procurement and Negotiation: Lead the strategic procurement process, – negotiate key commercial terms and contracts, and manage post-contract award supplier relationships and performance to maintain business benefits and mitigate risks.
  • Cost Optimisation: Implement cost transformation strategies including, but not limited to, demand management, volume consolidation, specification optimisation, cost re-engineering and process efficiencies to generate savings and drive profitability.
  • Risk Management: Proactively identify and mitigate risks associated with sourcing activities, including managing regulatory contractual change, ESG standards, supplier risks, contract risks and ensure business continuity.
  • Cross-functional collaboration: Collaborate with internal stakeholders, including Finance, Legal, Risk, and Business Unit Executives to understand their needs and requirements and provide strategic guidance and support.
  • Performance Measurement: Establish key performance indicators (KPIs) and metrics and monitor the performance of the categories under management, track savings and identify areas for improvement.
  • Continuous Improvement: Drive continuous improvement initiatives in collaboration with our Centre of Excellence team, ensuring that Procurement and third-party management best practices are adopted to enhance the efficiency and effectiveness of our commercial partnerships.
Requirements
  • Demonstrable background of improving the value proposition of Procurement for indirect spend (services)
  • Experience of adopting a strategic approach to Procurement, from defining category scope through to on-going maintenance of a defined and agreed category strategy
  • Strong negotiation acumen, with the ability to influence and communicate effectively with internal and external stakeholders
  • Ability to cultivate and maintain strong relationships with business stakeholders based on credibility and trust
  • Excellent analytical and problem-solving skills, with a data driven approach to decision-making
  • Experience of working with procurement tools and systems
  • Current working knowledge of contracting models
  • Ability to work independently, prioritise tasks and manage multiple projects simultaneously in a fast-paced environment
  • MCIPS qualification, or working towards (desirable)
  • Detailed knowledge of the financial services and marketing supply market, from both an established service provider and disruptor perspective (desirable)
  • Knowledge of financial services products and regulations (desirable)


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