What are the responsibilities and job description for the Senior Procurement Specialist position at ADVATIX - Advanced Supply Chain and Logistics?
Role Summary
Our client is searching for a Senior Procurement Specialist to join their Supply Chain team. The Senior Procurement Specialist is a key leadership role responsible for managing and optimizing complex procurement processes. The position involved developing strategic sourcing initiatives, negotiating and managing high-value contracts, and maintaining strong vendor relationships. This role requires broad expertise in procurement best practices, particularly within the Oil and Gas industry, including a detailed understanding of pipe, valves, and fittings (PVF) products, and the Upstream, Downstream, and Midstream markets.
Key Results Areas
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Our client is searching for a Senior Procurement Specialist to join their Supply Chain team. The Senior Procurement Specialist is a key leadership role responsible for managing and optimizing complex procurement processes. The position involved developing strategic sourcing initiatives, negotiating and managing high-value contracts, and maintaining strong vendor relationships. This role requires broad expertise in procurement best practices, particularly within the Oil and Gas industry, including a detailed understanding of pipe, valves, and fittings (PVF) products, and the Upstream, Downstream, and Midstream markets.
Key Results Areas
- Strategic Sourcing and Cost Management
- Develop and execute strategic sourcing plans to optimize costs, mitigate risks, and enhance overall procurement efficiency
- Identify and assess potential suppliers, fostering relationships to secure competitive advantages
- Implement cost-effective procurement strategies without compromising quality
- Establish and manage procurement budgets, analyzing spending patterns and identifying opportunities for cost reduction
- Contract Negotiation and Management
- Lead negotiations for high-value contracts, ensuring favorable terms and conditions
- Monitor and manage supplier contracts, identify opportunities for cost savings and performance improvement
- Maintain a portfolio of complex suppliers and oversee demand planning
- Vendor Relationship Management
- Build and maintain strong relationships with key suppliers and partners
- Conduct regular performance reviews and collaborate with vendors to drive continuous improvement
- Collaborate with the Data Management team on vendor maintenance, including pricing tiers, promotions, and points of contact
- Support the Accounts Payables team to ensure prompt payment status with vendors
- Cross-Functional Collaboration
- Collaborate with internal stakeholders, including finance, operations, and project management, to understand procurement needs and align strategies accordingly
- Provide procurement expertise and guidance to cross-functional teams
- Procurement Process Optimization and Operational Efficiency
- Oversee the end-to-end procurement process, identifying areas for improvement and implementing best practice
- Ensure compliance with procurement policies, industry regulations, and legal requirements
- Manage the procurement process from requisition to delivery, optimizing efficiency and reducing lead teams
- Implement and maintain procurement best practices, including ERP demand planning checklists, automated replenishment plans (ARPS, and warehouse transfers
- Supervise service desk tickets and respond to business requests within agreed SLAs
- Risk Management
- Identify and assess risks in the supply chain and develop strategies to mitigate potential disruptions
- Stay informed about market trends and global events that may impact procurement activities
- Team Leadership and Mentorship
- Provide leadership to the procurement team, fostering a culture of excellence and continuous improvement
- Mentor and develop team members, facilitating training and skill enhancement
- Technology Utilization
- Utilize procurement technologies and tools to streamline processes and enhance efficiency
- Stay abreast of technological advancements in procurement and recommend relevant tools for adoption
- Industry Expertise
- Proficient in Oil and Gas procurement with a high-level understanding of the O&G industry, including Upstream, Downstream, Midstream, and PVF sectors
- In-depth knowledge of PVF industry compliance, quality assurance, and networking
- Maintain and leverage existing supplier relationships within the PVF industry for organizational benefit
- Bachelor's degree in business, supply chain management, or a related field; advanced degree preferred
- Minimum of eight (8) years of experience in procurement, with a significant focus on the Oil and Gas industry, preferably Pipe, Valves, and Fittings products
- Proven track record in strategic sourcing, contract negotiation, and vendor management
- Strong understanding of procurement technologies and best practices
- Excellent leadership, communication, and interpersonal skills
- Ability to thrive in a fast-paced, dynamic environment
- Certifications in procurement or supply chain management, such as CPSM or CSCP, are desired
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