At a Glance
- Tasks: Lead procurement projects, solve complex issues, and manage vendor relationships.
- Company: Dynamic company focused on innovative supply chain solutions.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Opportunity for career growth and to lead a talented procurement team.
- Why this job: Make a real impact in procurement while developing your expertise in a supportive team.
- Qualifications: Bachelor’s degree or equivalent experience in Supply Chain Management required.
The predicted salary is between 55000 - 70000 £ per year.
The Principal Procurement Specialist is responsible for interpreting internal or external business issues and recommending best practices. They will be tasked with solving complex procurement-related problems and will work independently with minimal guidance. The Principal Procurement Specialist may lead functional teams or projects and is regarded as a specialist in Procurement. The role requires in-depth expertise in Procurement and broad knowledge of the procurement discipline within the Supply Chain function.
Responsibilities
- Plan, organize, and manage the procurement of materials, equipment, and services required for projects per company and client requirements; in compliance with established company policies and procedures.
- Interface with the procurement function and other departments for all matters related to the procurement of material for projects.
- Work closely with PPMs.
- Oversee all procurement activities associated with the effective procurement of project materials, equipment, and services scopes per project or end-user schedules, specifications, and budgets.
- Implement the Project Procurement Execution Strategy applicable to each project.
- Manage the Project Procurement group to undertake RFQs, commercial evaluations, and PO award.
- Resolve all commercial and Terms and Conditions criteria and issues related to RFQs and POs.
- Monitor all project procurement-related activities and performance, providing direction and support to team members to ensure the successful delivery of project requirements.
- Liaise with vendors, coordinate and assume lead participation in vendor commercial clarification meetings and/or conference calls, and act as the company focal point on commercial discussions with vendors during the preorder stage, i.e., from RFQ to PO award for projects procurement.
- Liaise with individual Project Procurement Managers/Coordinators on all procurement matters related to the execution of the Project Procurement Strategy and the effective award of POs for project materials, equipment & services scope.
- Liaise with Engineering and QC on technical matters related to an RFQ and/or PO in the pre-award stage.
- Liaise with Legal to resolve vendor T&Cs and Accounts Payable to resolve vendor payment issues.
- Monitor and review market conditions and report price and delivery trends for project materials and equipment.
- Ensure conformance with the company policies and Procurement procedures by the Project Procurement group and contribute to continuous improvement of procurement work methodologies and processes.
- Supervise, train, and coordinate the activities of buyers and supporting staff and provide continuous support to staff in their undertaking of all tasks and activities.
- Undertake regular staff performance reviews.
- Provide procurement reports as necessary and undertake tasks, activities, and assignments at the direction of management.
Qualifications
- Bachelor’s Degree (or equivalent) in Supply Chain Management or a relevant discipline, or HSD/GED/IGCSE with 10 years of relevant experience.
- 8-12 years of relevant experience.
- Professional Procurement qualification.
- Strong analytical skills with the ability to collect, organize, analyze, and disseminate information with attention to detail and accuracy.
- Proficient in MS Office suite applications, preferably with intermediate MS Excel skills.
- Experience in a database query or programming languages (e.g., SQL).
- Experience in data visualization using Power BI, Tableau, or similar dashboarding application.
- Strong verbal and written communication skills.
Principal Procurement Specialist employer: McDermott International, Ltd
As a Principal Procurement Specialist, you will thrive in a dynamic work environment that values innovation and collaboration. Our company offers competitive benefits, a supportive culture that encourages professional growth, and opportunities to lead impactful projects within the supply chain sector. Located in a vibrant area, we provide a unique chance to engage with diverse teams and contribute to meaningful procurement strategies that drive success.
Contact Details:
McDermott International, Ltd Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Principal Procurement Specialist
✨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 McDermott International, Ltd.
✨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 Principal Procurement Specialist
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 McDermott International, Ltd:Your cover letter should read like you’re chatting directly to McDermott International, Ltd. 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 McDermott International, Ltd.
How to prepare for a job interview at McDermott International, Ltd
✨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 McDermott International, Ltd!
✨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 McDermott International, Ltd. 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 McDermott International, Ltd's culture.
