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- Tasks: Analyse spend data and optimise supplier contracts for cost reduction.
- Company: Future, a forward-thinking company focused on efficiency and quality.
- Benefits: Competitive salary, hybrid work, uncapped leave, and profit-sharing bonuses.
- Other info: Dynamic role with opportunities for personal growth and development.
- Why this job: Join us to make a real impact on procurement strategies and drive efficiency.
- Qualifications: Strong data skills, procurement knowledge, and ability to manage contracts effectively.
The predicted salary is between 45000 - 60000 £ per year.
At Future we are challenging our core supplier base to optimise cost without compromising on quality. This role will play a key part in categorising spend and executing cost-reduction initiatives through supplier consolidation and RFP support.
Reporting to the Head of Commercial Analysis, this role plays a vital part in identifying efficiency opportunities across the group's contractual base. This project aims to optimise spend through detailed review and application of successfully established procurement processes. Being able to manage large volumes of data from multiple sources and use that information to provide clear recommendations is a key part of the role, as is the ability to maintain a strong focus on the financial impact of consolidation and negotiation.
- Spend Analysis & Data Visualisation: Categorise all non-major business spend across departments to identify patterns and opportunities.
- Contract Management & Tracking: Build and populate a centralised Supplier Contract Database, capturing end dates, notice periods, and auto-renewal clauses.
- Supplier Rationalisation: Identify duplicate suppliers and develop a plan to consolidate volume with fewer, high-quality partners.
- Sourcing & RFP Support: Support the Request for Proposal (RFP) process for mid-tier categories and commercial negotiations.
Experience that will put you ahead of the curve:
- Highly proficient data skills.
- Strong soft skills to challenge internal stakeholders.
- Procurement literacy and experience with reviewing contracts.
- Self-starter who can deliver results in weeks, not months, which is critical for this fixed-term contract.
- Attention to detail: building trackers and managing contract data to a high level of accuracy.
What's in it for you:
- The expected range for this role is £45,000 - £60,000.
- This is a Hybrid role from our Bath Office, working three days from the office, two from home.
- Uncapped leave, because we trust you to manage your workload and time.
- When we hit our targets, enjoy a share of our profits with a bonus.
- Refer a friend and get rewarded when they join Future.
- Well-being support with access to our Colleague Assistant Programmes.
- Opportunity to purchase shares in Future, with our Share Incentive Plan.
Procurement Analyst - 12 Month FTC in Bath employer: Future plc
Contact Detail:
Future plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Procurement Analyst - 12 Month FTC in Bath
✨Tip Number 1
Network like a pro! Reach out to people in the procurement field on LinkedIn or at industry events. We can’t stress enough how valuable personal connections can be when it comes to landing that dream job.
✨Tip Number 2
Prepare for interviews by practising common procurement scenarios. Think about how you’d handle supplier consolidation or data analysis challenges. We want you to shine and show off those skills!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. We recommend checking out our website for roles that excite you and fit your expertise.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way. It shows your enthusiasm and keeps you fresh in their minds. We believe in making a lasting impression!
We think you need these skills to ace Procurement Analyst - 12 Month FTC in Bath
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the role of Procurement Analyst. Highlight your data skills and any experience with procurement processes, as these are key for us. A tailored CV shows you’ve done your homework and are genuinely interested in the position.
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. Mention specific examples of how you've managed data or improved procurement processes in the past. We love seeing your personality come through!
Showcase Your Data Skills: Since this role involves managing large volumes of data, make sure to highlight your proficiency in data analysis and visualisation. If you have experience with tools or software that can help in this area, don’t forget to mention them!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about what we do at Future!
How to prepare for a job interview at Future plc
✨Know Your Numbers
As a Procurement Analyst, you'll be dealing with a lot of data. Brush up on your data analysis skills and be ready to discuss how you've used data to drive decisions in the past. Bring examples of how you've identified cost-saving opportunities or optimised spend.
✨Master the Art of Negotiation
Negotiation is key in procurement. Prepare to talk about your experience with supplier negotiations and how you’ve successfully consolidated suppliers. Think of specific instances where your negotiation skills led to better terms or savings.
✨Showcase Your Attention to Detail
This role requires a high level of accuracy in managing contract data. Be prepared to discuss how you ensure precision in your work. You might even want to bring a sample tracker or database you've created to demonstrate your organisational skills.
✨Engage with Stakeholders
Strong soft skills are essential for this position. Think about how you've effectively communicated with internal stakeholders in the past. Prepare to share examples of how you’ve challenged assumptions or influenced decisions to achieve better procurement outcomes.