At a Glance
- Tasks: Lead sourcing initiatives and negotiate contracts to optimise supplier performance.
- Company: Join a dynamic team in Milton Keynes with a focus on procurement excellence.
- Benefits: Up to £66,000 salary, hybrid work, great pension, and 28 days leave.
- Other info: Collaborative environment with excellent travel benefits and a cycle to work scheme.
- Why this job: Elevate your procurement career with opportunities for growth and impactful projects.
- Qualifications: 3+ years in sourcing, experience with high-value tenders, and strong decision-making skills.
The predicted salary is between 55000 - 65000 £ per year.
Our client are looking for a Sourcing Manager to join their team and manage the sourcing process for large business needs. This role will work closely with suppliers and include tender processes. This is an excellent opportunity to excel your procurement career with future progression available.
Role & Responsibilities:
- Develop and execute strategic sourcing initiatives to optimise supplier performance, reduce costs, and ensure continuity of supply.
- Identify, evaluate, and negotiate contracts with suppliers to secure favorable pricing, quality, and service agreements.
- Build and maintain strong supplier relationships while monitoring performance through key metrics and regular business reviews.
- Run fair and clear tender processes.
- Collaborate with cross-functional teams, including Procurement, Operations, Finance, and Engineering, to align sourcing strategies with business objectives.
- Analyze market trends, supplier capabilities, and risk factors to support informed sourcing decisions and mitigate supply chain disruptions.
- Lead cost-saving and process improvement projects by leveraging spend analysis, supplier consolidation, and competitive bidding processes.
Essential Skills & Experience:
- 3+ years’ experience in sourcing or procurement positions.
- Experience managing tender processes.
- Experience managing high value tenders over £300,000 in value.
- Confident making decisions.
- Commercial acumen with the ability to balance value, risk and business requirements.
- Team player.
Package:
- Up to £66,000 basic salary.
- Hybrid working.
- Great pension scheme.
- 28 days annual leave + Bank holidays.
- Cycle to work scheme.
- Great travel benefits.
Sourcing Manager in Castlethorpe employer: Insight Select
As a leading insurer in the Lloyd's and London Market, we pride ourselves on fostering a collaborative work culture that values innovation and analytical excellence. Our employees benefit from continuous professional development opportunities, competitive remuneration, and a supportive environment that encourages growth and influence in portfolio management decisions. Join us in London, where your expertise in catastrophe modelling will directly impact our strategic risk and capital management initiatives.
StudySmarter Expert Advice🤫
We think this is how you could land Sourcing Manager in Castlethorpe
✨Get Savvy with Industry Perks
Join procurement and purchasing forums or groups where pros hang out, like CIPS (Chartered Institute of Procurement & Supply). They'll share the inside scoop on job openings that might not show up on traditional job boards!
✨Show Off Your Skills
Consider creating a portfolio that outlines your achievements in procurement, like cost-saving initiatives or supplier management strategies. Having tangible evidence of your skills can really set you apart when applying to companies like Insight Select.
✨Tap into Your Network
Leverage LinkedIn to connect with professionals in procurement—follow relevant hashtags, join groups, and engage in discussions. This is a great way to get noticed by potential employers before they even post a job!
✨Keep Your Eyes on Job Boards
With full-time positions, timing can be everything. Set alerts on job boards specifically for procurement roles. Don't wait for a job posting to close; apply through our website as soon as you see a fit—being proactive can give you the edge!
We think you need these skills to ace Sourcing Manager in Castlethorpe
Some tips for your application 🫡
Show Off Your Procurement Know-How:When you're crafting your CV, make sure to highlight any procurement-specific skills you've got. Talk about your experience with supplier negotiations, cost analysis, or inventory management. If you’ve used software like SAP or Oracle, don’t forget to mention that too – it shows you know your way around the tech side of things!
Quantify Your Achievements:In procurement, numbers matter. Use your CV and cover letter to showcase any quantifiable achievements you've made in reducing costs or improving efficiencies. For example, mentioning that you helped save 20% on purchasing costs last year is way more impressive than just saying you managed the budget!
Tailor Your Cover Letter to Insight Select:Your cover letter should read like you’re chatting directly to Insight Select. Research the company’s procurement strategy, mention how your skills align with their goals, and share your enthusiasm for contributing to their success. This personal touch can really set you apart from the crowd!
Professional Certs Can Go a Long Way:If you've got any procurement-related certifications, such as CIPS or APICS, make sure they're front and centre on your CV. These qualifications show you're serious about your career in procurement and are committed to continuous learning. It’s a great way to signal your expertise and dedication to potential employers like Insight Select.
How to prepare for a job interview at Insight Select
✨Show Off Your Negotiation Skills
In procurement, strong negotiation skills are key. Be ready to share examples of past negotiations where you've successfully saved costs or improved supplier terms. We want to hear how you approached those situations and the strategies you used to achieve positive outcomes!
✨Know Your Tools
Make sure you’re familiar with procurement software and tools commonly used in the industry, such as SAP Ariba or Coupa. Come prepared to discuss any experiences you've had with these tools or similar platforms, as we need someone who can hit the ground running at Insight Select!
✨Understand Market Trends
As a procurement professional, being aware of market trends can set you apart. Brush up on recent developments in supply chain management or procurement best practices and think about how they could impact your role at Insight Select. Bringing a current perspective will show your enthusiasm for the industry.
✨Demonstrate Your Team Player Attitude
A full-time position means you'll be working closely with various teams. Be prepared to discuss how you collaborate with others, manage conflicts, and build relationships with stakeholders. Sharing anecdotes about past teamwork experiences will highlight your ability to fit into Insight Select's culture.
