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- Tasks: Lead global sourcing strategies and manage supplier relationships for key commodities.
- Company: Join a leading OEM client in Gaydon with a dynamic team culture.
- Benefits: Competitive pay rate of £40.45 per hour and a 12-month contract.
- Why this job: Make a significant impact on procurement strategies in a fast-paced environment.
- Qualifications: Degree qualified with strong communication and strategic thinking skills.
- Other info: Opportunity for career growth and involvement in global projects.
The predicted salary is between 80000 - 120000 £ per year.
Our OEM Client based in Gaydon is searching for a Senior Buyer to join their team, Inside IR35. This is a 12-month maternity leave cover contract position.
The Opportunity
Reporting to the Procurement Manager, you will have global responsibility for specific commodities. You will utilise your experience to analyse, define, and implement market and sourcing strategies for your designated commodities. You will lead the global sourcing activity through the Global Sourcing Process (GSP) up to contract award (SCPA). Both global strategy and sourcing activity will be supported by the regional delivery teams for your commodities, utilising regional market intelligence and expertise.
You will lead the development of the supplier and internal stakeholder relationships to ensure strategic and programme alignment. You will manage suppliers within your designated commodities, responsible for Supplier Business Reviews ensuring that the Global Commodity Strategy and Supply Base Market strategy is effectively deployed throughout all of the company and the external supply chain.
You will support and work closely with the Regional Delivery teams and engage with specialists within the Procurement Function as required to ensure optimum value creation and delivery for the company, as well as leading stakeholder relationships and ensuring the company is appropriately represented both internally and externally.
This role is pivotal for interface with other key functions within the company and acts as a core conduit for true cross-functional working across Production Procurement, MP&L, STA, Product Engineering, Cost Engineering, and Manufacturing.
Key Performance Indicators
- Strategic Commodity Dossier/Commodity Business Plan delivery and coverage
- New model cost target achievement at sourcing (Pre SCPA)
- Net Cost Reporting targets and strategic should-cost Gap Closure Plan targets (Post SCPA)
- Supplier performance management
- GSP performance metrics
Key Accountabilities and Responsibilities
Strategy & Sourcing
- Responsible for Strategic Commodity Dossier (SCD) and Commodity Business Plan (CBP) delivery, ensuring relevant data is updated and understood to make strategic recommendations.
- With support from the Strategic Analyst, accountable for obtaining and understanding analytics on suppliers, market and business requirements.
- Responsible for creation, delivery and execution of SCD and CBP to specific sourcing requirements including supplier selection and sourcing approach in line with company sourcing guidelines e.g. Achilles Registration and Supplier Risk Assessment.
- Deliver sourcing in line with policy and to agreed targets through GSP and deploying TCO/TVO approach.
- Responsible for timely and accurate GSAD submission, Procurement deliverables and GSP process adherence for the Strategic team.
- Lead supplier negotiations and contracting with the support of the Regional teams including legal and financial approval pre SCPA, also engaging specialist teams where appropriate e.g. Global Procurement Finance (GPF).
- Work with the Capacity Planning Team (CPT) to ensure sufficient capacity at nomination and manage strategic capacity changes and constraints.
- Identify Make vs Buy opportunities, supporting MBO to develop business justifications when required.
Cost Management
- Ensure robust cost model development and input to cost target setting process, supporting cost event outcomes (pre SCPA) driving programme target alignment.
- Ensure key cost management information is accurate and documented (e.g. CDTS pre contract award).
- Key Procurement representative at Module Business Teams (MBT) to ensure cross-functional alignment on quality, cost, delivery and time requirements pre SCPA.
- Lead stakeholder alignment in relation to programme targets, red book, take rates and volumes, delivery buying teams and utilising specialists as required cross architecture, carlines.
- Ensure alignment with Regional Buyer & Cost Engineering to ensure strategic cost gap closure plans in place and actioned.
- Ensure delivery of material cost (NCR) to target pre and post SCPA working closely with the Regional Delivery teams.
Supplier Relationship Management
- Working with the Regional Delivery Teams, lead the development of the supplier relationships globally for your designated commodities.
- Participate in Supplier Business Reviews to develop supplier relationships in accordance with the supplier segmentation model.
- Ensure supplier briefing templates are kept up-to-date to enable senior stakeholder briefings.
Other
- Act as central co-ordination to ensure appropriate information exchange from and to all regional buyers.
- Ensure effective handover for regional team(s) post SCPA using defined handover process.
- Ensure compliance to the company's Way and KWS processes driving system compliance throughout the supply chain by maintaining the Procurement systems to ensure data integrity and therefore system performance.
- Manage Supplier and Supply Chain Risk Management for assigned commodities post SCPA, ensuring the supply chain operates.
- Participate in Global functional improvement projects, process improvements and activities as required.
- Undertake any other work as directed by their line manager in connection with their job as may be requested.
Key Interactions
- Product Engineering
- New Model Programme Teams
- Cost Engineering
- Global Procurement Finance
- Supplier Base
- STA
Knowledge, Skills and Experience
Essential
- Degree qualified or equivalent experience.
- Ability to work independently, results driven, demonstrating tenacity, drive and perseverance with the ability to deliver operational plans in a complex, highly demanding environment.
- Capability to create high-quality long-term Procurement strategies.
- A resilient and enthusiastic individual who responds constructively to new ideas and inputs.
- A strong communicator with the ability to communicate effectively with key stakeholders to influence cross-functional engagement.
- An effective team player, actively develops and supports team members.
- Maintaining compliance with standard policies and procedures.
- Translating analytical results into detailed, robust actionable recommendations to the business.
Desirable
- An individual with the ability to challenge existing thinking in a positive way whilst building credibility and trust through experience and personal style.
- Experience of working in a global, multi-cultural environment.
Senior Buyer employer: Futura Design Ltd
Contact Detail:
Futura Design Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Buyer
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who might know someone at the company you're eyeing. A friendly chat can sometimes lead to insider info or even a referral.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your own. This will help you tailor your responses and show that you're genuinely interested in being part of their team.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or use online platforms to get comfortable with common questions. The more you practice, the more confident you'll feel when it’s your turn to shine.
✨Tip Number 4
Don’t forget to follow up after your interview! A quick thank-you email can leave a lasting impression and shows your enthusiasm for the role. Plus, it keeps you on their radar as they make their decision.
We think you need these skills to ace Senior Buyer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Buyer role. Highlight relevant experience and skills that match the job description, especially in strategic sourcing and supplier management. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Share specific examples of your achievements in procurement and how they align with our needs at StudySmarter.
Showcase Your Analytical Skills: Since this role involves a lot of data analysis, make sure to highlight your analytical skills in your application. Talk about how you've used data to drive decisions in past roles, as this will resonate well with us.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Futura Design Ltd
✨Know Your Commodities
Before the interview, dive deep into the specific commodities you'll be responsible for. Understand market trends, key suppliers, and any recent developments in the industry. This knowledge will not only impress your interviewers but also show that you're proactive and ready to hit the ground running.
✨Showcase Your Strategic Thinking
Be prepared to discuss how you've developed and implemented procurement strategies in the past. Use specific examples to illustrate your ability to analyse data and make informed decisions. This will demonstrate your capability to handle the Strategic Commodity Dossier and Commodity Business Plan effectively.
✨Build Relationships
Highlight your experience in managing supplier relationships and engaging with stakeholders. Share examples of how you've successfully navigated cross-functional teams and built rapport with suppliers. This is crucial for the role, so showing your interpersonal skills will set you apart.
✨Prepare for Negotiation Scenarios
Expect questions around negotiation tactics and supplier management. Think of a few scenarios where you successfully negotiated contracts or resolved conflicts. Being able to articulate your approach to negotiations will showcase your readiness for leading supplier negotiations in this role.
