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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
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Description & Requirements
The Bloomberg Terminal quickly and accurately delivers business and financial information, news, and insights worldwide to over 315,000 customers. Our global terminal customers depend on our proprietary high-quality hardware to access our terminal and make critical business decisions. Bloomberg\’s Global Finance team handles all aspects of financial operations, including procurement, cash collection, billing, revenue recording, vendor invoice processing, payments, regional treasury, cash funding, indirect tax, capital planning, and fixed assets. Our Global Procurement team manages strategic sourcing and operational purchasing of goods and services, ensuring the procurement and distribution of essentials for Bloomberg’s operations while managing vendor risks and delivering top-tier customer service.
We value urgency, hard work, commercial acumen, and customer service. Our team is close-knit but fosters a culture of innovation and support for creative ideas to remain industry leaders.
The Role
We are seeking an enthusiastic and ambitious Strategic Sourcing Manager based in London at our EMEA Headquarters. The successful candidate will develop and execute sourcing and vendor management strategies aligned with Bloomberg’s business objectives, supporting the Professional Services Category across the EMEA region. The role requires building strong relationships with internal stakeholders and vendors, understanding procurement principles, and demonstrating excellent communication, stakeholder management, and attention to detail. You will support multiple departments with varied needs in a dynamic environment, contributing to a global team committed to delivering exceptional service.
Responsibilities
- Provide expertise in procurement and commercial insights to internal stakeholders
- Build and maintain relationships with stakeholders and vendors
- Think strategically, collaborate, and negotiate effectively
- Negotiate with stakeholders and vendors to ensure compliance with Bloomberg’s Procurement Framework
- Develop and implement sourcing strategies and manage pipelines
- Define specifications and requirements through stakeholder collaboration
- Make sourcing recommendations based on financial analysis and market conditions
- Understand internal and external environments for required goods/services
- Support change management and adhere to procurement policies
- Communicate market impacts and vendor risks to stakeholders
- Align cross-functional teams and deliver outstanding customer service
- Innovate sourcing processes and explore new strategies
Qualifications
- 10+ years in Strategic Sourcing/Procurement, with 5+ years in Professional Services
- BA/BS degree or equivalent
- Knowledge of RFI/RFQ/RFP processes
- Experience in contract negotiation and vendor management
- Excellent communication and interpersonal skills
- Customer service, issue resolution, negotiation, and project management skills
- Leadership skills with regional and cultural awareness
- Ability to analyze data for sourcing insights
- Proficiency with relevant applications and systems
Preferred Skills
- Experience in fast-paced, data-driven environments
- Negotiation and strategic sourcing application
- International stakeholder collaboration
- Knowledge of trade terms, compliance, and ERP systems
- Strong MS Office skills; CPP/CIPS/CPM certifications preferred
Additional Details
- Seniority level: Mid-Senior level
- Employment type: Contract
- Job function: Business Development and Sales
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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.
