Procurement Specialist

4 weeks ago

Coventry, Coventry, United Kingdom Futura Design Ltd Full time
Job Title: Procurement Expert

Reports To: Finance Director

Job Summary:

Futura Design Ltd is seeking a highly skilled Procurement Expert to join our team. As a key player in our procurement processes, you will be responsible for strategically overseeing and executing the purchase of materials, services, and assets across the business.

Key Responsibilities:

1. Procurement Management:

Manage all purchasing activities within the company, sourcing materials, services, and capital assets required for projects and company operations.

Work closely with internal teams to ensure timely procurement, keeping stakeholders informed as necessary.

Drive supply chain improvement and processes.

2. Cost Optimisation:

Actively seek opportunities to reduce costs and negotiate better deals against KPIs.

Analyse market trends to identify potential new suppliers and cost-saving opportunities.

3. Contract Review and Management:

Evaluate annual contracts and identify areas for cost reduction.

Negotiate terms with suppliers to achieve favourable conditions.

4. Supplier Relationship Management:

Develop and maintain strong relationships with key suppliers.

Confidently engage with suppliers to ensure the best value and service.

5. Quality Assurance:

Ensure that all products and services meet the company's quality standards.

Collaborate with internal teams to understand their requirements and ensure alignment with procurement.

6. Inventory Management:

Monitor inventory levels and place orders as necessary.

Coordinate with internal teams to forecast future needs.

7. Compliance and Reporting:

Ensure compliance with all legal, ISO and company policies regarding purchasing.

Monitor suppliers' financial health to ensure continuity of supplies and no bottlenecks.

Prepare and present reports on purchasing activities and cost-saving initiatives.

8. Security and Confidentiality Assurance:

Help enforce security measures and confidentiality protocols, ensuring the protection of project-related information.

Maintain a culture of utmost discretion and confidentiality among team members, subcontractors, and external partners.

Qualifications & Skills:

  • Previous procurement experience within automotive would be beneficial.
  • 3+ years of experience as a buyer.
  • Microsoft Office Suite efficient.
  • Exceptional problem-solving skills and attention to detail, with a passion for efficiency.
  • Excellent communication and teamwork skills.
  • Super negotiating skills.
  • Ability to work in a fast-paced and dynamic environment.
  • Proactive and persistent.
  • Loves hitting and surpassing targets.

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