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For Companies At a Glance
- Tasks: Negotiate supplier contracts and drive cost-saving initiatives in a dynamic environment.
- Company: Join a leading automotive manufacturing company with a focus on innovation.
- Benefits: Enjoy 25 days’ holiday, competitive salary, and a comprehensive benefits package.
- Why this job: Make an impact by developing sourcing strategies and building strong supplier relationships.
- Qualifications: Degree in Business or Engineering preferred; previous purchasing experience is a plus.
- Other info: Collaborative culture with opportunities for professional growth and development.
The predicted salary is between 28800 - 48000 £ per year.
The Commodity Buyer is accountable for the following key activities:
- Negotiate and finalize production supplier contracts for assigned commodities.
- Mitigate cost increases and drive cost-down activities within scope.
- Collaborate with Engineering and Supplier Quality to develop and deploy sourcing strategies.
- Conduct supplier assessments and coordinate sourcing recommendations.
- Ensure suppliers meet program targets for timing, cost, quality, and technical attributes.
- Serve as the focal point for Supplier Relationship Management (SRM) activities with suppliers and internal customers.
- Support risk assessment, total acquisition cost analysis, and cross-functional alignment on technical and quality criteria.
What You'll Bring:
- Degree in Business, Engineering, or related field preferred; MCIPS qualification desirable.
- Previous purchasing experience in a manufacturing environment (automotive preferred).
- Solid experience in procurement or commodity buying.
- Experience in developing structured commodity strategies, including risk and cost assessments.
- Some experience negotiating complex contracts.
- Strong written and oral communication skills; ability to influence at senior management level.
- Good understanding of cost breakdown analysis.
- Analytical mindset and attention to detail.
- Ability to build strong supplier relationships.
- Collaborative approach with cross-functional teams.
- Eagerness to learn and develop within the procurement function.
We offer a wide-ranging benefits package, which includes: 25 days’ holiday, plus
Buyer in Banbury employer: McLaren Automotive Ltd
Contact Detail:
McLaren Automotive Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Buyer in Banbury
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. The more people you know, the better your chances of landing that Buyer role.
✨Tip Number 2
Prepare for interviews by researching the company and its suppliers. Understand their sourcing strategies and be ready to discuss how your experience aligns with their needs. We want you to shine when it’s your turn to impress!
✨Tip Number 3
Showcase your negotiation skills! Think of examples from your past experiences where you successfully negotiated contracts or mitigated costs. This will demonstrate your value as a Commodity Buyer and set you apart from other candidates.
✨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 and engaged in the process.
We think you need these skills to ace Buyer in Banbury
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Buyer role. Highlight your previous purchasing experience and any relevant qualifications, like MCIPS. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about procurement and how your experience aligns with our needs. Don't forget to mention your analytical mindset and collaborative approach!
Showcase Your Achievements: When detailing your experience, focus on specific achievements in your previous roles. Did you negotiate a great contract or implement a cost-saving strategy? We love numbers, so quantify your successes where possible!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at McLaren Automotive Ltd
✨Know Your Commodities
Before the interview, brush up on the specific commodities you'll be dealing with. Understand market trends, pricing strategies, and potential suppliers. This knowledge will show your enthusiasm and expertise in the field.
✨Master Negotiation Scenarios
Prepare for negotiation role-play scenarios. Think about how you would approach contract negotiations and cost mitigation. Practising these scenarios can help you articulate your strategies clearly during the interview.
✨Showcase Your Analytical Skills
Be ready to discuss your experience with cost breakdown analysis and risk assessments. Bring examples of how you've used these skills in past roles to drive cost-down activities or improve supplier relationships.
✨Build Rapport with Interviewers
Remember, building strong relationships is key in this role. Use the interview to demonstrate your communication skills and collaborative approach. Engage with your interviewers, ask questions, and show genuine interest in their experiences.