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- Tasks: Lead procurement for Travel, Uniform & Temporary Power in the thrilling world of Formula 1.
- Company: Join Formula 1, a global leader in motorsport and entertainment, known for innovation and excellence.
- Benefits: Enjoy competitive pay, career growth opportunities, and a dynamic work environment at our Biggin Hill office.
- Why this job: Be part of an iconic brand, drive impactful projects, and collaborate with passionate professionals.
- Qualifications: 5+ years in procurement, 3+ years in strategic sourcing, and MCIPS certification required.
- Other info: Experience in contract negotiation and team management is essential; embrace the fast-paced F1 culture!
The predicted salary is between 48000 - 72000 £ per year.
Formula 1 covers a huge range of disciplines across a wide array of industry sectors, drawing the very best from our teams of technicians, engineers and media rights specialists and encouraging the creativity of experts in the fields of digital and traditional media, marketing and communications. We are recruiting for a Category Manager for our Procurement team who would be based at our Biggin Hill office.
Main Duties and Responsibilities:
- Manage stakeholder relationships to provide a good commercial support service to the company, procurement category management of Travel, Uniform & Temporary Power (F1 Race related) within the organisation.
- Identify and deliver sourcing opportunities within your category through insight and analysis of the category, including analysis of procurement spend & supply base to ensure best fit suppliers; supplier & marketplace research; regular interaction with Group Managers and Finance in prioritising the opportunities for the short, medium, and long term.
- Develop effective relationships and collaborative working styles with key stakeholders.
- Using Category insight and analysis (spend data, tools & processes) to create a category plan to socialize and agree with all relevant stakeholders.
- Creation of a yearly project plan for all key category priorities to be delivered, ensuring that resources are optimally used.
- Collaborate with business leads to ensure best deal has been achieved through taking responsibility in commercial and contractual negotiations & drafting with external suppliers.
- Running the end-to-end Procurement Cycle including the preparation of (RFx) pretender, tender documents, tender execution and contract award and subsequent contract management.
- Manage supplier performance and collaborate with suppliers to drive innovation and continuous improvement.
- Negotiate with suppliers to ensure best value for the Formula One Group with robust terms & conditions that manages the Group’s risk appropriately and are in alignment with business needs.
- Support and coach direct reports through regular feedback meetings, setting of yearly objectives and completing End of Year assessments.
- Support the business in drafting specifications and ensure the final product is clear, unambiguous, and meaningful to the marketplace.
- Contribute to Procurement’s Supply Risk Register within category and ensure that risk mitigation strategies are applied to all sourcing decisions.
- Manage the completion and accuracy of the Contracts Register for all Work In Progress projects and contract renewals / expiries.
- Own the verification process of all Purchase Order Requisition’s (POR) within your category and ensure that the businesses are compliant in their requests.
Specification Essentials:
- Minimum 5 years procurement experience at a senior level position.
- Minimum 3 years experience of the strategic sourcing of Worldwide Travel, Travel Management, Hotel programme in a Category Management environment.
- MCIPS required.
- Experience of drafting and negotiating contracts.
- Experience of setting up, managing, Framework agreements & Statement of Works.
- Knowledge of P2P systems including Microsoft D365.
- Indirect coaching experience.
- Experience managing a team.
- Stakeholder management.
Division: Corporate
Category Manager employer: Formula One
Contact Detail:
Formula One Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Category Manager
✨Tip Number 1
Familiarise yourself with the Formula 1 industry and its unique procurement needs. Understanding the specific challenges and opportunities within the sectors of Travel, Uniform, and Temporary Power will help you stand out during discussions with stakeholders.
✨Tip Number 2
Network with professionals in the procurement field, especially those with experience in the sports or entertainment sectors. Attend industry events or join relevant online forums to build connections that could provide insights or referrals for the Category Manager role.
✨Tip Number 3
Prepare to discuss your experience with strategic sourcing and contract negotiation in detail. Be ready to share specific examples of how you've successfully managed supplier relationships and driven innovation in previous roles.
✨Tip Number 4
Demonstrate your understanding of risk management in procurement. Be prepared to discuss how you've applied risk mitigation strategies in past projects, as this is a key aspect of the role at Formula 1.
We think you need these skills to ace Category Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities and requirements of the Category Manager position. Familiarise yourself with the procurement processes and the specific categories mentioned in the job description.
Tailor Your CV: Customise your CV to highlight relevant experience in procurement, particularly in travel management and category management. Emphasise your achievements in stakeholder management and contract negotiations to align with the job's expectations.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for Formula 1 and your understanding of the industry. Discuss how your skills and experiences make you a perfect fit for the role, particularly in managing supplier relationships and driving innovation.
Highlight Relevant Skills: In your application, be sure to mention key skills such as strategic sourcing, contract drafting, and team management. Use specific examples from your past roles to demonstrate your expertise and how it relates to the responsibilities outlined in the job description.
How to prepare for a job interview at Formula One
✨Understand the Role and Responsibilities
Make sure you thoroughly understand the duties of a Category Manager, especially in procurement. Familiarise yourself with the specifics of managing stakeholder relationships and the end-to-end procurement cycle, as these will likely be key discussion points during your interview.
✨Showcase Your Experience
Prepare to discuss your previous procurement experience, particularly in strategic sourcing for travel and related categories. Highlight specific examples where you've successfully negotiated contracts or managed supplier performance, as this will demonstrate your capability for the role.
✨Demonstrate Analytical Skills
Since the role involves analysing procurement spend and supply base, be ready to talk about how you've used data and insights to drive sourcing opportunities in the past. Bring examples of how your analytical skills have led to successful outcomes in your previous roles.
✨Prepare Questions for the Interviewers
Think of insightful questions to ask about the company's procurement strategies and how they align with their overall business goals. This shows your genuine interest in the role and helps you assess if the company is the right fit for you.
