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- Tasks: Join our Procurement team to enhance sourcing and vendor management strategies.
- Company: Bloomberg delivers vital financial information to over 315,000 customers globally.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth and collaboration.
- Why this job: Be part of a supportive team that values creativity and customer service excellence.
- Qualifications: 10+ years in Strategic Sourcing/Procurement, with strong communication and analytical skills required.
- Other info: This is a 6-month contract role based in London, ideal for ambitious individuals.
The predicted salary is between 60000 - 84000 £ per year.
Procurement – Strategic Sourcing Partner – 6 month contract
Location
London
Business Area
Accounting and Finance
Ref #
10044237
Description & Requirements
The Bloomberg Terminal quickly and accurately delivers business and financial information, news and insight around the world to over 315,000 customers worldwide. Our global terminal customers depend on our proprietary high-quality hardware to be able to access our terminal and make critical business decisions. Bloomberg's Global Finance team works with all things (you guessed it) financial! We help business partners with all aspects of Procurement to cash collection, customer billing, revenue recording, vendor invoice processing and payments, regional treasury, and cash funding, indirect tax, capital planning and fixed assets. Global Procurement supports both the strategic sourcing and operational purchasing of goods and services for the organization. What does that mean? We procure and distribute the goods and services that Bloomberg needs to do business. We handle any vendor-related risks and deliver the best customer service in the world.
We understand urgency, work hard, have commercial acumen and are customer service driven. Our clients internally and externally count on us daily. Our team is tight, but our culture is wide open, where we challenge and support each other's creative ideas to remain first-class.
The Role:
Our dynamic Procurement department is seeking an enthusiastic and ambitious Strategic Sourcing Manager to join its team based in London at our EMEA Headquarters. The successful candidate will assist in developing and executing enhanced sourcing and vendor management strategies that align with Bloomberg's business objectives.
As a Strategic Sourcing Manager, you will support sourcing and vendor management activities across the Professional Services Category. You will be responsible for building and managing relationships with internal stakeholders and vendors who support our varied requirements across the entire EMEA region. A thorough understanding of procurement principles, excellent customer service skills, strong communication, stakeholder management, and attention to detail are essential for this role. You will be part of our London team supporting multiple internal stakeholders from a diverse range of departments with varied needs in a dynamic and environment. We are seeking a team player who has a strong passion for contributing to a Global Department that delivers top-quality service.
We'll trust you to:
- Be able to provide expertise in procurement and commercial insights to internal customers and other stakeholders
- Build strong and lasting relationships with internal stakeholders and key vendors
- Think strategically, collaborate effectively, and negotiate skillfully
- Negotiate and engage with key stakeholders and vendors to facilitate delivery and compliance with Bloomberg's Procurement Framework
- Develop, implement and enhance sourcing strategies and manage a robust sourcing pipeline
- Determine specifications and requirements for products and services through collaboration with stakeholders and the departments' strategic plans and needs
- Be able to make sourcing recommendations based on financial analysis, cost structure of categories, vendor alignment with Bloomberg's goals and strategies, and vendor position in their industry alongside marketplace offerings
- Understand the internal and external environment for the goods/services required by the business
- Support change management and adhere to purchasing frameworks and vendor risk management policies
- Effectively communicate impact of market changes and potential effects on vendors to stakeholders
- Persuasive and able to align cross-functional teams with different goals and complexities
- Deliver outstanding customer service and support regional sourcing opportunities
- Innovate within the procurement space; look for new ways to structure S2P programs and/or categories
You'll need to have:
- 10+ years of experience in Strategic Sourcing/Procurement roles, ideally with 5+ years working across the Professional Services category
- BA/BS degree or equivalent
- Strong knowledge of RFI/RFQ/RFP and sourcing process
- Experience in contract negotiation, redlining, and vendor management
- Excellent communication, interpersonal skills, and attention to detail
- Strong customer service skills including issue resolution, negotiation, project management, and analytical problem-solving with a focus on continuous improvement
- Strong leadership skills with regional and cultural awareness, and proven ability to build trusting relationships across stakeholder groups
- Ability to analyze internal and external data to drive sourcing insights and decisions
- Capability to learn new applications relevant to the role
- Effective interaction in a cross-functional and fast-paced environment with various stakeholders
We'd love to see:
- Experience in a fast-paced, data-driven environment
- Demonstrated application of negotiation and strategic sourcing/procurement principles
- Successful collaboration with diverse stakeholders to achieve international business goals
- Knowledge of international trade terms
- Applied knowledge of regulatory/compliance contracting
- SAP or other ERP systems knowledge
- Strong MS Office and technical skills
- CPP / CIPS / CPM preferred
Procurement - Strategic Sourcing Partner - 6 month contract employer: Bloomberg
Contact Detail:
Bloomberg Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Procurement - Strategic Sourcing Partner - 6 month contract
✨Tip Number 1
Familiarise yourself with Bloomberg's procurement principles and their specific needs in the Professional Services category. Understanding their business model and how procurement fits into it will help you tailor your approach during interviews.
✨Tip Number 2
Network with current or former employees in the procurement department at Bloomberg. They can provide valuable insights into the company culture and expectations, which can help you stand out as a candidate.
✨Tip Number 3
Prepare to discuss your experience with RFI/RFQ/RFP processes and contract negotiations in detail. Be ready to share specific examples of how you've successfully managed vendor relationships and driven strategic sourcing initiatives.
✨Tip Number 4
Showcase your analytical skills by being prepared to discuss how you've used data to inform sourcing decisions in the past. Highlight any tools or systems you've used, such as SAP or other ERP systems, to demonstrate your technical proficiency.
We think you need these skills to ace Procurement - Strategic Sourcing Partner - 6 month contract
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in strategic sourcing and procurement. Emphasise your 10+ years of experience, particularly in the Professional Services category, and showcase any specific achievements that align with Bloomberg's needs.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also demonstrates your understanding of Bloomberg's business objectives. Mention how your skills in negotiation, stakeholder management, and customer service can contribute to their dynamic Procurement department.
Highlight Relevant Skills: In your application, clearly list skills that are essential for the role, such as contract negotiation, vendor management, and analytical problem-solving. Use specific examples to illustrate how you've successfully applied these skills in past roles.
Showcase Cultural Fit: Bloomberg values a collaborative and innovative culture. In your application, express your enthusiasm for teamwork and your ability to build strong relationships across diverse stakeholder groups. Share examples of how you've contributed to a positive team environment in previous positions.
How to prepare for a job interview at Bloomberg
✨Showcase Your Procurement Expertise
Make sure to highlight your extensive experience in strategic sourcing and procurement. Be prepared to discuss specific examples of how you've successfully managed vendor relationships and implemented sourcing strategies that align with business objectives.
✨Demonstrate Strong Communication Skills
Since this role requires excellent communication and interpersonal skills, practice articulating your thoughts clearly. Prepare to discuss how you've effectively communicated with stakeholders and resolved issues in previous roles.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities and negotiation skills. Think of past experiences where you had to negotiate contracts or manage vendor risks, and be ready to explain your thought process and outcomes.
✨Research Bloomberg's Procurement Framework
Familiarise yourself with Bloomberg's Procurement Framework and their approach to vendor management. Understanding their values and how they operate will help you tailor your responses and demonstrate your alignment with their goals.
