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- Tasks: Source high-quality materials, manage contracts, and ensure timely purchasing for our innovative skincare brand.
- Company: Join Noble Panacea, a revolutionary skincare brand committed to sustainability and skin health.
- Benefits: Competitive salary, professional development, and a chance to work in a dynamic environment.
- Why this job: Be part of a team that values innovation and sustainability in the beauty industry.
- Qualifications: 5+ years in procurement, strong negotiation skills, and experience with ERP software.
- Other info: Opportunity to grow in a luxury sector with a focus on ethical practices.
The predicted salary is between 50000 - 60000 ÂŁ per year.
Noble Panacea is a new revolutionary skincare brand founded by Nobel Laureate Sir Fraser Stoddart and launched in October 2019. The ground‑breaking OSMV™ Technology at the core of the brand enables transformational efficacy and precision. We create with intention and deep respect by adhering to the global principles of green chemistry. We take our commitment to nature and sustainability to all stages of product development, from R&D to packaging. Ultimately, we strive to promote absolute skin health by empowering all who seek authentic, natural, and ageless beauty.
About the Role
We are seeking a detail‑oriented and proactive Procurement & Contracts Specialist to join our team. This role is responsible for sourcing high‑quality materials and services, supporting the management of competitive contracts, and ensuring timely, cost‑effective purchasing to support our operational needs. As a subject matter expert, the role will lead and collaborate with business units in establishing quality improvements, process efficiencies, managing risks and maintaining positive relationships with stakeholders across Noble Panacea’s global operations. This position reports to the Procurement & Contracts Manager.
Key Responsibilities
- Support the procurement process, including sourcing, evaluating, and selecting suppliers based on quality, cost, and delivery performance.
- Support the Procurement & Contracts Manager in commercial negotiations, pricing, terms, and contracts to secure the best value.
- Create, process, and track purchase orders to ensure timely delivery.
- Monitor inventory levels and collaborate with internal teams to forecast demand.
- Conduct market research to identify cost‑saving opportunities and mitigate supply risks and report findings to the Procurement Department.
- Maintain accurate supplier records, contracts, and performance metrics.
- Work alongside the Operations Department to resolve issues related to delivery delays, quality discrepancies, or invoice mismatches to received material.
- Evaluate supplier performance regarding compliance with procurement policies and ethical standards.
- Act as a project manager to carry out the procurement process from start to finish using Monday.com software.
- Perform periodic reporting to the Procurement & Contracts Manager and Director of Finance about sourcing progress, cost saving achieved, major procurement activities, risks and mitigation plans.
- Support departments in drafting request for proposals (RFPs), terms of reference, evaluation criteria and sole‑source justifications.
- Support in evaluating current procurement processes, identifying gaps and implementing improvements to increase operational effectiveness and standardization.
- Maintain and optimize the company's Contract Lifecycle Management (CLM) system.
- Analyze the financial aspects of bids and proposals throughout the procurement process to ensure cost‑effectiveness and compliance.
- Communicate effectively with both technical and business stakeholders to drive clarity and alignment.
Qualifications
- Bachelor’s degree in supply chain management, business administration, or related field.
- 5+ years of experience managing procurement processes, including strategic sourcing, RFP development, and vendor selection.
- 5+ years of experience managing SaaS contracts and vendor agreements.
- Experience with ERP or procurement software (SAP) or project management software (Monday.com).
- Advanced Microsoft Excel proficiency.
- Experience in the luxury sector (e.g., high‑end skincare) is a plus, but not required.
- Professional certifications (CPSM, CPP, CSCP) are a plus.
Skills
- Attention to detail.
- Strong negotiation, communication, and analytical skills.
- Vendor relationship management.
- Cost analysis and budgeting.
- Strong problem‑solving to resolve procurement challenges efficiently and independently.
- Track record of cross‑functional collaboration with legal, finance, and operations teams.
- Ability to prioritize and manage multiple procurement projects under tight deadlines.
Procurement and Contracts Specialist in London employer: NOBLE PANACEA
Contact Detail:
NOBLE PANACEA Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Procurement and Contracts Specialist in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its values. Understand their commitment to sustainability and how your skills align with their mission. This will show you're genuinely interested and ready to contribute.
✨Tip Number 3
Practice your negotiation skills! As a Procurement and Contracts Specialist, you'll need to demonstrate your ability to secure the best value. Role-play scenarios with friends or mentors to build confidence.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re keen on being part of our team at Noble Panacea. Don’t miss out on this opportunity!
We think you need these skills to ace Procurement and Contracts Specialist in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Procurement and Contracts Specialist role. Highlight your experience in sourcing, vendor management, and any relevant software skills like SAP or Monday.com. We want to see how your background aligns with our needs!
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 you can contribute to our mission at Noble Panacea. Be sure to mention any experience in the luxury sector if you have it!
Show Off Your Skills: Don’t forget to showcase your negotiation and analytical skills in your application. We’re looking for someone who can manage contracts effectively and drive cost-saving initiatives, so let us know how you've done this in the past!
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. Good luck!
How to prepare for a job interview at NOBLE PANACEA
✨Know Your Stuff
Make sure you understand the core values and technology behind Noble Panacea. Familiarise yourself with OSMV™ Technology and how it relates to procurement. This will show that you're genuinely interested in the brand and its mission.
✨Showcase Your Experience
Prepare specific examples from your past roles that highlight your experience in procurement processes, especially in strategic sourcing and vendor selection. Use the STAR method (Situation, Task, Action, Result) to structure your answers effectively.
✨Be Ready for Negotiation Scenarios
Since negotiation is a key part of the role, practice discussing how you've successfully negotiated contracts or pricing in the past. Be prepared to role-play a negotiation scenario during the interview to demonstrate your skills.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's procurement strategies, challenges they face, and how they measure success. This not only shows your interest but also helps you gauge if the company aligns with your values and career goals.