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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 or equivalent experience in procurement and strong communication skills.
- Other info: Opportunity to work in a global, multi-cultural environment with career growth potential.
The predicted salary is between 60000 - 84000 £ 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.
Umbrella Pay Rate: £40.45 per hour.
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 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
Contact Detail:
Futura Design 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, attend relevant events, and don’t be shy about letting people know you’re on the hunt for a Senior Buyer role. You never know who might have the inside scoop on an opportunity!
✨Tip Number 2
Prepare for interviews by researching the company and its procurement strategies. Be ready to discuss how your experience aligns with their needs, especially around supplier relationship management and cost management. Show them you’re the perfect fit!
✨Tip Number 3
Practice your negotiation skills! As a Senior Buyer, you’ll need to lead supplier negotiations, so brush up on your techniques. Role-play with a friend or use online resources to get comfortable with different scenarios.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Senior Buyer
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Senior Buyer role. Highlight your experience with strategic commodity management and supplier relationships, as these are key aspects of the job. We want to see how your skills align with what we're looking for!
Showcase Your Achievements: When detailing your past roles, focus on specific achievements that demonstrate your ability to deliver results in procurement. Use metrics where possible, like cost savings or successful negotiations, to make your application stand out. We love numbers that tell a story!
Be Clear and Concise: Keep your application clear and to the point. Avoid jargon unless it's relevant to the role. We appreciate straightforward communication, so make it easy for us to see why you're the right fit for the team!
Apply Through Our Website: Don't forget to submit your application through our website! This ensures we receive all your details correctly and helps us keep track of your application. We can't wait to see what you bring to the table!
How to prepare for a job interview at Futura Design
✨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 well-prepared.
✨Showcase Your Strategic Thinking
Be ready to discuss how you've previously developed and implemented sourcing strategies. Use concrete examples to illustrate your thought process and decision-making skills. Highlight your ability to analyse data and translate it into actionable recommendations, as this is crucial for the Senior Buyer role.
✨Build Relationships
Since this role involves managing supplier relationships, prepare to talk about your experience in stakeholder management. Share examples of how you've successfully built and maintained relationships with suppliers and internal teams, emphasising your communication skills and ability to influence cross-functional engagement.
✨Prepare for Cost Management Discussions
Cost management is a key aspect of this position, so brush up on your knowledge of cost models and target setting processes. Be prepared to discuss how you've driven cost alignment in previous roles and how you would approach cost management in this new position.
