At a Glance
- 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: Join a dynamic team with opportunities for personal growth and well-being support.
- Why this job: Make a real impact by driving cost-saving initiatives and improving supplier relationships.
- 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. It involves managing large volumes of data from multiple sources and using that information to provide clear recommendations, while maintaining 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 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; 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 and two days from home.
- Uncapped leave, because we trust you to manage your workload and time.
- Profit sharing bonus when we hit targets.
- Referral bonus when a friend joins Future.
- Well-being support with access to our Colleague Assistant Programmes.
- Opportunity to purchase shares in Future through our Share Incentive Plan.
Please let us know if you need any reasonable adjustments made so we can give you the best experience.
Procurement Analyst - 12 Month FTC in Bath employer: Future
At Future, we pride ourselves on fostering a dynamic and inclusive work environment that empowers our employees to thrive. As a Procurement Analyst based in our Bath office, you'll enjoy the flexibility of a hybrid working model, generous uncapped leave, and a profit-sharing bonus, all while contributing to meaningful cost-reduction initiatives. We are committed to your professional growth, offering opportunities for internal advancement and access to well-being support, making Future an exceptional place to build your career.
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 in landing that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its procurement processes. We want you to show off your knowledge about cost optimisation and supplier management, so brush up on those skills!
✨Tip Number 3
Practice your data analysis skills! Since this role involves managing large volumes of data, we suggest you get comfortable with tools like Excel or data visualisation software. It’ll help you stand out during assessments.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for you, and applying directly shows your enthusiasm for joining our team. Let’s make it happen!
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. Don’t just list your duties; show how you’ve made an impact in previous roles!
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 tackled cost-reduction initiatives or managed supplier relationships in the past. We love a good story!
Show Off Your Data Skills:Since this role involves managing large volumes of data, make sure to showcase your proficiency in data analysis and visualisation. If you’ve used any specific tools or software, mention them! We want to see how you can turn data into actionable insights.
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. Plus, it’s super easy – just a few clicks and you’re done!
How to prepare for a job interview at Future
✨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 through spend analysis.
✨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 significant savings or improved supplier relationships.
✨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 want to bring along examples of trackers or databases you've built that demonstrate your meticulous approach.
✨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 optimise procurement processes.
