Procurement Excellence Lead
2 days ago
At IFS, we are seeking a seasoned Procurement Excellence Lead to join our growing procurement team and drive excellence in procurement practices across the organization.
About the RoleThis is a critical role that requires a skilled professional with extensive experience in procurement, category management, or strategic sourcing. The ideal candidate will have a proven track record of delivering significant cost savings and driving procurement excellence in a fast-paced environment.
Key Responsibilities- Develop and Execute Category Strategies: Develop and execute global category strategies that align with IFS's overall procurement objectives to deliver value back to the business.
- Cost Savings Initiatives: Identify and execute cost reduction initiatives across all assigned categories, leveraging spend analysis, market intelligence, and supplier negotiations.
- Contract Management: Oversee the development, negotiation, and management of contracts to ensure favourable terms and mitigate risks.
- Cross-Functional Collaboration: Work closely with procurement teams, portfolio company stakeholders, and other departments to ensure alignment on category strategies and cost-saving initiatives.
- Market Research and Analysis: Conduct thorough market research and analysis to identify trends, risks, and opportunities within the assigned categories.
- Performance Tracking and Reporting: Establish and track key performance indicators (KPIs) for category performance, regularly reporting on progress to Procurement Leadership.
- Leadership and Team Management: Provide guidance and mentorship to junior team members, contributing to the development of a high-performing procurement team.
Requirements:
- Minimum 5 years of experience in procurement, category management, or strategic sourcing.
- Proven experience in a private equity or dynamic, fast-paced environment is highly desirable.
- Strong negotiation skills with a track record of delivering significant cost savings.
- Excellent analytical skills, with the ability to leverage data to inform decision-making and drive results.
- Experience managing global supplier relationships and complex procurement projects.
- Strong leadership, and the ability to influence stakeholders at all levels.
- Exceptional communication and interpersonal skills, with a collaborative approach to working across functions and regions.
- Ability to travel as required to manage key projects and drive results.
Salary: The estimated annual salary for this position is $130,000 - $200,000, depending on experience and qualifications.
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