Procurement Specialist
3 weeks ago
The Procurement Officer will manage the procurement process, ensuring that services are purchased at great value whilst maintaining strong supplier relationships. This role focuses on continuous improvement initiatives to enhance procurement efficiency and effectiveness, with a particular emphasis on IT procurement.
Salary: £50-£55k
ONLY considering those that work within Financial Services, Insurance or Professional Services.
- Manage the end-to-end procurement process, including tendering, negotiation, and handover of contract management to contract owners.
- Communicate with executives to gain approval for purchasing contracts with new vendors or for new supplies.
- Conduct market research to identify potential suppliers and evaluate their capabilities.
- Collaborate with contract owners to monitor supplier performance and ensure compliance with contract terms and conditions.
- Forecast demand for IT products and place orders accordingly.
- Raise IT purchase orders and validate invoices.
- Ensure compliance with licensing requirements for IT contracts.
- Manage the third-party due diligence process, including exception management.
- Assist in the development of annual technology budgets.
- Collaborate with internal stakeholders to understand procurement needs and support cost savings and operational efficiency.
- Ensure adherence to procurement policies, procedures, and regulatory requirements.
- Identify and mitigate risks associated with the procurement process.
- Maintain accurate procurement records.
- Drive continuous improvement initiatives to optimise procurement practices and processes.
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