At a Glance
- Tasks: Lead and execute innovative purchasing strategies to drive efficiency and cost savings.
- Company: Join Teledyne Technologies, a leader in advanced technology for industrial growth.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Other info: Collaborative culture with a focus on ethical standards and continuous improvement.
- Why this job: Make a real impact in a fast-paced, results-driven team focused on innovation.
- Qualifications: CIPS Level 5 and 3 years of procurement management experience required.
Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets that require advanced technology and high reliability. These markets include aerospace and defense, factory automation, air and water quality environmental monitoring, electronics design and development, oceanographic research, deepwater oil and gas exploration and production, medical imaging and pharmaceutical research.
We are looking for individuals who thrive on making an impact and want the excitement of being on a team that wins.
Job Outline
The job holder is responsible for the delivery of the procurement plan for the business. This will be heavily influenced by the Procurement Director and/or Operations Director. Responsible for a budget spend of £40M.
Key Responsibilities
- Develop, lead and execute purchasing strategies
- Track and report key functional metrics to reduce expenses and improve effectiveness
- Craft negotiation strategies and close deals with optimal terms
- Partner with stakeholders to ensure clear requirements documentation
- Forecast price and market trends to identify changes of balance in buyer-supplier power
- Perform cost and scenario analysis, and benchmarking
- Assess, manage and mitigate risks
- Seek and partner with reliable vendors and suppliers
- Determine quantity and timing of deliveries
- Monitor and forecast upcoming levels of demand
- Propose improvements to the current purchasing system that will improve vendor relationships and improve margin
- Collaborate with inventory control and sales to develop metrics for gauging inventory level needs, maintaining those levels
- Take the lead in creating profitable ways to manage obsolete and slow-moving stock to help offset losses
- Manage the company’s day-to-day purchasing activities and ensure that all purchasing agents are meeting their personal performance standards
- Assist in developing more effective invoicing and collecting processes
Personal Specification
As a minimum we are seeking candidates with a CIPS Level 5 who have had at least 3 years’ experience managing a procurement team. Ideal candidates will be comfortable managing a team whilst also having responsibility for a key commodity within the procurement team. Candidates will have a team and customer service focus, with the ability to work in a fast-paced, results-oriented, and continually changing environment. Additionally full proficiency in Microsoft Office (Word, Excel, and PowerPoint) is required, with knowledge or prior training of Toyota Production System (TPS) as a desirable skill.
Teledyne and all of our employees are committed to conducting business with the highest ethical standards. We require all employees to comply with all applicable laws, regulations, rules and regulatory orders. Our reputation for honesty, integrity and high ethics is as important to us as our reputation for making innovative sensing solutions.
Procurement Manager employer: Teledyne Qioptiq
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