Strategic Procurement Manager
3 weeks ago
Procurement Manager Role
Lorien is seeking a skilled Procurement Manager to join their team for a 3-month initial contract. The role is based in either Edinburgh, Wythall, or Telford office, and an office presence is required.
The Role
The Procurement Manager plays a critical role in managing the end-to-end sourcing and supplier management of client-facing financial services and marketing products and services. They will be responsible for developing strategies to increase profitability and ensuring a competitive market position.
Key Responsibilities
- Excellent analytical and problem-solving skills with a data-driven approach to decision-making.
- Detailed knowledge of the financial services and marketing market and both established service providers and disruptors.
- Knowledge of financial services products and regulation.
- Supplier Selection and Management: Identify, assess, and commercially manage end-to-end relationships with Tier 1, Tier 2, and other material suppliers to ensure the delivery of high-quality services and products at competitive pricing.
- Sourcing and Negotiation: Lead the sourcing process for a significant sourcing exercise - negotiate contracts and manage supplier performance to achieve cost savings and mitigate risks.
- 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 team, track savings, and identify areas for improvement.
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