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Procurement Strategist
2 weeks ago
The role of a Procurement Strategist - Opex at Simpliwork involves leading the development and execution of procurement strategies for operational expenses across various departments, ensuring cost-effectiveness while maintaining operational efficiency.
The ideal candidate will have 7-10 years of experience in operational expenditure (Opex) procurement, ideally in a fast-paced corporate environment, and a strong knowledge of procurement processes, contract management, and supplier negotiation.
Key responsibilities include:
Opex Procurement Strategy:
The Procurement Strategist will develop and execute procurement strategies for operational expenses, collaborating with senior management to align strategies with organizational goals and budgetary requirements.
They will conduct detailed spend analysis and identify cost-saving opportunities while maintaining quality and performance standards.
A key aspect of this role is ensuring compliance with company procurement policies and industry regulations (e.g., SOX compliance).
Supplier Sourcing & Relationship Management:
The Procurement Strategist will manage and nurture relationships with suppliers, ensuring timely delivery, quality, and cost control.
They will oversee supplier selection, negotiation, and contracting to meet operational needs and conduct regular performance reviews with suppliers to address issues related to quality, lead times, and service levels.
Procurement Process Management:
The Procurement Strategist will lead the full procurement lifecycle for Opex-related purchases, including vendor identification, RFQs, negotiations, contracting, and purchase order management.
They will ensure compliance with company procurement policies and industry regulations and optimize procurement processes by streamlining workflows, using technology, and introducing best practices.
Budgeting and Cost Control:
The Procurement Strategist will work closely with the finance team to ensure that procurement costs align with budgetary constraints and operational targets.
They will monitor procurement spend and take proactive steps to control costs and improve forecasting accuracy.
Cross-Functional Collaboration:
The Procurement Strategist will collaborate with various departments (e.g., Finance, Operations, Legal) to gather requirements, define procurement specifications, and ensure alignment across the business.
They will work closely with Operations and other departments to ensure timely and effective delivery of Opex goods/services.
Risk Management & Compliance:
The Procurement Strategist will identify and mitigate risks related to procurement, including supplier performance, price volatility, and supply chain disruptions.
They will ensure all procurement activities adhere to company policies, legal requirements, and sustainability goals and stay updated on changes in relevant laws, regulations, and market conditions to ensure compliance.
Reporting & Analytics:
The Procurement Strategist will provide accurate and timely reports to senior leadership on procurement activity, cost savings, and supplier performance.
They will utilize data to identify procurement trends, supplier performance metrics, and other key performance indicators (KPIs).