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Procurement Specialist
2 months ago
We are seeking a detail-oriented and analytical Procurement Specialist to join our growing procurement team at IFS, led by our new Chief Procurement Officer (CPO), and will report into a member of the newly created Procurement Leadership team.
The ideal candidate will have a background in spend data analysis and procurement processes. As a Procurement Specialist, you will be responsible for analysing procurement data, identifying trends, and providing insights that will drive cost savings, efficiency improvements, and strategic decision-making.
Key Responsibilities- Data Analysis: Collect, analyse, and interpret procurement data to identify trends and opportunities for improvement.
- Spend Analysis: Conduct spend analysis to track and report on procurement spend, ensuring alignment with wider Procurement team.
- Supplier Performance: Support the development of supplier performance modules to enhance the way IFS interacts and manages its supply base.
- Market Research: Conduct market data research to support sourcing decisions, including identifying potential suppliers and benchmarking pricing.
- Reporting: Develop and maintain regular reports on key procurement metrics, providing insights and recommendations to Procurement Leadership.
- Process Improvement: Identify and recommend improvements to procurement processes, leveraging data to streamline operations and enhance efficiency.
- Compliance Monitoring: Ensure procurement activities comply with internal policies, regulatory requirements, and industry best practices.
- Stakeholder Collaboration: Work closely with procurement team members and other departments to gather data, understand business needs, and support procurement initiatives.
- Technology Utilisation: Utilise procurement software and tools to manage data, generate reports, and enhance procurement processes.
- 2-4 years of experience in procurement, supply chain, or data analyst roles.
- Strong analytical skills with experience in data analysis and reporting.
- Proficiency in Excel, data analysis tools, and procurement software.
- Excellent attention to detail and the ability to work with large datasets.
- Strong communication and interpersonal skills, with the ability to present findings and recommendations clearly.
- Knowledge of procurement processes, supplier management, and market research.
- Ability to work independently and as part of a team, with strong organisational and time-management skills.
