At a Glance
- Tasks: Oversee purchasing activities and collaborate with teams to ensure timely component procurement.
- Company: Join a leading firm in high-performance embedded computing solutions.
- Benefits: Enjoy 25 days holiday, profit share bonuses, and private health insurance.
- Other info: Diverse and inclusive workplace with excellent career growth opportunities.
- Why this job: Make an impact in a dynamic industry while developing your procurement skills.
- Qualifications: Experience in stakeholder management and negotiation skills preferred.
The predicted salary is between 50000 - 50000 £ per year.
Description
We’re building something powerful. Let’s build it together.
We've delivered high-performance embedded computing solutions for four decades across industries including defence, telecoms, and aerospace.
We’re proud to be experts in what we do and are looking for more brilliant people to join our team.
The Role
The Procurement Specialist role is predominantly to oversee purchasing activities in relation to components needed for our Products.
It involves collaborating closely with the Planning, Engineering and Sales teams to ensure it is being purchased in line with the sales order book and pipeline.
What will I be delivering?
Key Requirements
- Supplier Performance
- Managing on time deliveries through including maintaining outstanding purchase orders and deliveries with suppliers.
- Benchmarking and evaluating supplier performances against KPIs such as delivery times, quality, and pricing against competitors.
- Supplier Management
- Maintaining accurate procurement records and documentation including NDAs, Due Diligence and final sign-off.
- Managing request for quotation (RFQ) orders.
- Minimum order quantity management, securing best pricing per batch order.
- Conducting regular assessments of supplier capabilities, capacities, and financial stability.
- Participating in strategic procurement planning and contributing to the development of sourcing strategies.
- Optimising costs through effective negotiation, strategic sourcing, and continuous market analysis.
- Implementing and managing KPIs for suppliers to ensure consistent performance and adherence to contractual agreements.
- Working to purchase saving KPIs including £50k per annum purchase savings per individual.
- Rebate Creations
- Setting and achieving rebate targets by negotiating favourable terms and agreements with suppliers with success measured on successful schemes implemented.
- Reviewing and understanding current payments terms and increasing in cash.
- Lead-Time Reduction
- Focusing on lead-time reduction strategies.
- Consigning stock agreements and safety stock agreements.
- Procurement Strategy and End of Life Management
- Working with the Engineering team and securing last time buys to avoid production disruption, establishing clear protocols for timely communication between Procurement, Engineering and Strategy teams regarding component obsolescence to facilitate proactive decision-making.
- Forecasting obsolescence risks and implementing strategies to address these risks.
- Regularly reviewing alternative manufactured parts on CNC items and identify opportunities for cost reduction, lead time improvement, and enhanced product quality.
- Collaborating with engineering teams to assess the feasibility of substituting components with more cost-effective alternatives without compromising performance.
- Identifying and qualifying multiple suppliers for critical components to mitigate risks associated with single-source dependency.
What do I need to bring with me?
Demonstrated knowledge and experience
- Stakeholder management.
- Financial acumen.
- Strategic industry management – ability to create plans that help to predict the global market.
Technical Skills and Qualifications
- CIPS qualification is preferred but not required as the qualification can be obtained through the business.
Behavioural competencies
- Communication skills – written, verbal and listening.
- Negotiation skills- contracts, pricing, and lead time.
- High level of problem solving and reasoning to solve it.
- Confident in gathering information to make the right decision.
- Relationship management.
Benefits for working at Concurrent
- 25 days holidays + bank holidays and holiday purchase scheme.
- Annual profit share bonus.
- Cycle to work, Home & Tech and car salary sacrifice schemes.
- Death in service benefit & income protection.
- Employee assistance programme and virtual GP.
- Employee referral scheme.
- Enhanced parental leave.
- Generous company pension scheme with up to 10% employer contribution.
- One paid volunteering day per year.
- Private Health Insurance through Bupa.
- Yu Life wellbeing app.
- Equal Opportunity Statement
We are an equal opportunity employer and believe in the power of a diverse, inclusive team.
We welcome all applications from all suitably qualified people, regardless of race, sex, disability, religion / belief, sexual orientation or age.
Please let us know if you require anything which would enable your success throughout our interview process.
Security Clearance
Please be aware that certain roles working for Concurrent will be subject to security and export control restrictions.
These specific roles are therefore subject to candidates being able to meet BPSS level pre-employment screening criteria.
For more information and guidance about security requirements please visit:
https://www. gov. uk/government/publications/united-kingdom-security-vetting-clearance-levels
GDPR
By applying for this position, you acknowledge that your personal data will be processed in accordance with Concurrent's Data Protection Policy.
We will use your information solely for recruitment purposes and will not share it with third parties without your consent.
Your data will be stored securely and retained only as long as necessary for the recruitment process.
You have the right to access, rectify, or delete your personal data at any time.
For more information on how we handle your data, please refer to our Privacy Policy.
Procurement Specialist employer: Concurrent
Concurrent is an exceptional employer that fosters a dynamic and inclusive work culture, perfect for those looking to make a significant impact in the People and Communications space. With a focus on employee growth and development, you will have the opportunity to lead transformative initiatives while working alongside passionate professionals in the vibrant locations of Colchester and Theale/Reading. Join us to be part of a forward-thinking team that values innovation and collaboration, ensuring your contributions are both meaningful and rewarding.
StudySmarter Expert Advice🤫
We think this is how you could land Procurement Specialist
✨Get Savvy with Industry Perks
Join procurement and purchasing forums or groups where pros hang out, like CIPS (Chartered Institute of Procurement & Supply). They'll share the inside scoop on job openings that might not show up on traditional job boards!
✨Show Off Your Skills
Consider creating a portfolio that outlines your achievements in procurement, like cost-saving initiatives or supplier management strategies. Having tangible evidence of your skills can really set you apart when applying to companies like Concurrent.
✨Tap into Your Network
Leverage LinkedIn to connect with professionals in procurement—follow relevant hashtags, join groups, and engage in discussions. This is a great way to get noticed by potential employers before they even post a job!
✨Keep Your Eyes on Job Boards
With full-time positions, timing can be everything. Set alerts on job boards specifically for procurement roles. Don't wait for a job posting to close; apply through our website as soon as you see a fit—being proactive can give you the edge!
We think you need these skills to ace Procurement Specialist
Some tips for your application 🫡
Show Off Your Procurement Know-How:When you're crafting your CV, make sure to highlight any procurement-specific skills you've got. Talk about your experience with supplier negotiations, cost analysis, or inventory management. If you’ve used software like SAP or Oracle, don’t forget to mention that too – it shows you know your way around the tech side of things!
Quantify Your Achievements:In procurement, numbers matter. Use your CV and cover letter to showcase any quantifiable achievements you've made in reducing costs or improving efficiencies. For example, mentioning that you helped save 20% on purchasing costs last year is way more impressive than just saying you managed the budget!
Tailor Your Cover Letter to Concurrent:Your cover letter should read like you’re chatting directly to Concurrent. Research the company’s procurement strategy, mention how your skills align with their goals, and share your enthusiasm for contributing to their success. This personal touch can really set you apart from the crowd!
Professional Certs Can Go a Long Way:If you've got any procurement-related certifications, such as CIPS or APICS, make sure they're front and centre on your CV. These qualifications show you're serious about your career in procurement and are committed to continuous learning. It’s a great way to signal your expertise and dedication to potential employers like Concurrent.
How to prepare for a job interview at Concurrent
✨Show Off Your Negotiation Skills
In procurement, strong negotiation skills are key. Be ready to share examples of past negotiations where you've successfully saved costs or improved supplier terms. We want to hear how you approached those situations and the strategies you used to achieve positive outcomes!
✨Know Your Tools
Make sure you’re familiar with procurement software and tools commonly used in the industry, such as SAP Ariba or Coupa. Come prepared to discuss any experiences you've had with these tools or similar platforms, as we need someone who can hit the ground running at Concurrent!
✨Understand Market Trends
As a procurement professional, being aware of market trends can set you apart. Brush up on recent developments in supply chain management or procurement best practices and think about how they could impact your role at Concurrent. Bringing a current perspective will show your enthusiasm for the industry.
✨Demonstrate Your Team Player Attitude
A full-time position means you'll be working closely with various teams. Be prepared to discuss how you collaborate with others, manage conflicts, and build relationships with stakeholders. Sharing anecdotes about past teamwork experiences will highlight your ability to fit into Concurrent's culture.
