At a Glance
- Tasks: Lead and execute innovative purchasing strategies to optimise procurement processes.
- Company: Teledyne Technologies, a leader in advanced technology for industrial growth.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Other info: Fast-paced environment with a focus on ethical standards and innovation.
- Why this job: Join a winning team and make a real impact in diverse industries.
- Qualifications: CIPS Level 5 and 3 years' experience managing a procurement team.
The predicted salary is between 44010 - 53790 £ per year.
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) 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 Technologies
Teledyne Technologies is an exceptional employer located in Lincoln, offering a dynamic work environment where innovation meets precision manufacturing. Employees benefit from comprehensive health programs, a robust pension plan, and ample opportunities for professional growth, all while contributing to the development of cutting-edge technologies in the energetics field. Join a team that values your skills and fosters a culture of collaboration and excellence.
StudySmarter Expert Advice🤫
We think this is how you could land Procurement Manager
✨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 Teledyne Technologies.
✨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 Procurement Manager
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 Teledyne Technologies:Your cover letter should read like you’re chatting directly to Teledyne Technologies. 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 Teledyne Technologies.
How to prepare for a job interview at Teledyne Technologies
✨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 Teledyne Technologies!
✨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 Teledyne Technologies. 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 Teledyne Technologies's culture.
