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Procurement Specialist

2 months ago

Leicester, Leicester, United Kingdom Poundstretcher Full time
About the Role

Pound Stretcher is seeking a highly skilled Procurement Specialist to join our team. As a key member of our procurement team, you will be responsible for driving the selection, negotiation, and acquisition of products that meet and exceed our customers' expectations.

Key Responsibilities
  • Strategic Planning: Develop and implement comprehensive buying strategies that align with our company's objectives, ensuring that our product offerings are competitive and profitable.
  • Supplier Relationships: Identify, cultivate, and manage relationships with a diverse range of suppliers, securing the best deals and fostering long-term partnerships that benefit both parties.
  • Market Analysis: Conduct thorough market research and continuously monitor industry trends to make informed purchasing decisions that keep us ahead of the competition.
  • Cross-Functional Collaboration: Work closely with sales, marketing, and operations teams to ensure product availability aligns with demand forecasts and promotional strategies, driving sales and customer satisfaction.
  • Contract Negotiation: Lead negotiations with suppliers, focusing on securing favourable contract terms that balance cost, quality, and delivery timelines.
  • Inventory Management: Oversee inventory levels and manage the replenishment process to maintain optimal stock levels, minimising both overstock and stockouts.
  • Sales Data Analysis: Regularly analyse sales data to assess the performance of products and adjust buying strategies accordingly, ensuring that our inventory reflects consumer preferences and maximises profitability.
  • Team Leadership: Mentor and support junior buyers, fostering their professional growth and ensuring that the entire team contributes effectively to our procurement goals.
Requirements
  • Experience: A proven track record as a Procurement Specialist, with significant experience in the retail or discount sector.
  • Negotiation Skills: Strong negotiation skills, coupled with excellent communication abilities, enabling you to secure the best deals and maintain positive supplier relationships.
  • Analytical Abilities: Exceptional analytical and decision-making skills, with a sharp eye for detail and the ability to interpret complex data to drive purchasing decisions.
  • Technical Proficiency: Proficiency in procurement and inventory management software, enabling you to efficiently manage the buying process and optimise inventory levels.
  • Adaptability: The ability to thrive in a fast-paced, dynamic environment, where priorities can shift rapidly, and agility is key to success.
  • Organisational Skills: Superior organisational and multitasking abilities, allowing you to manage multiple buying projects simultaneously while maintaining a high standard of work.
  • Team Player: A collaborative, proactive attitude, with a strong sense of teamwork and a commitment to contributing to a positive, vibrant workplace.
What We Offer
  • Compensation: A competitive salary and comprehensive benefits package that rewards your contributions and supports your well-being.
  • Career Growth: Opportunities for professional growth and development within a company that values its employees and invests in their future.
  • Team Environment: A collaborative and supportive team culture where your ideas are valued, and your efforts are recognised.
  • Exciting Growth Prospects: The chance to be part of an ambitious growth journey, backed by the resources and vision of a leading private equity group.
  • Impactful Work: A dynamic and vibrant workplace where your work has a direct impact on the company's success and where you can truly make a difference.