Our client, a leading financial company, is hiring a Procurement Category Manager on a contract basis
Job ID #: 82604
Work Location: Montvale, NJ/Hybrid
Summary:
PROCUREMENT CATEGORY MANAGER
Responsibilities:
- Provide expert knowledge in buying Technology products and services, including outsourcing, to create strategies for the purchase of products and services. This involves examining spending data, understanding market trends, collecting category-specific information, and considering business needs.
- Create and lead the development of Request for Proposals and Requests (RFP) Requests for Quotes (RFQ), to effectively buy Technology products and services. Work with cross-functional teams to gather requirements, define evaluation criteria, and ensure adherence to organizational policies. Manage the whole RFx process, including scope development, issuing RFPs, coordinating supplier responses, and conducting evaluations. Lead negotiations with suppliers to secure beneficial terms and conditions. Keep accurate documentation and records of the RFP process.
- Write, review, and negotiate contract terms with suppliers to ensure beneficial terms and compliance with legal and organizational requirements. This includes defining services, equipment specifications, project timing, cancellation and termination terms, acceptance criteria, service level agreements (SLA), and key performance indicators (KPI).
- Perform thorough data analysis and create financial models such as ROI, NPV, supplier scorecards, savings tracking, and make vs. buy decision models. Use these models to execute strategic sourcing projects using established sourcing practices with the goal of delivering value in collaboration with key stakeholders throughout the organization.
- Perform thorough data analysis and create financial models such as ROI, NPV, supplier scorecards, savings tracking, and make vs. buy decision models. Use these models to execute strategic sourcing projects using established sourcing practices with the goal of delivering value in collaboration with key stakeholders throughout the organization.
- Establish influence within the organization, evaluate existing practices, and challenge the status quo when necessary. Ensure adherence to procurement policies and foster strong, trusting relationships with stakeholders and business partners.
- Support effective supplier performance management and foster the development of new capabilities through collaboration with suppliers and key stakeholders. Provide feedback to suppliers regarding their performance, encourage continuous improvement and innovation. Proactively identify and address any performance issues by working closely with internal stakeholders and suppliers, ensuring efficient resolution.
Skills
- This role requires at least 3 years of recent experience in strategic sourcing, contract writing, contract negotiations, supplier management, outsourcing, and project management. This experience should show a history of achievement in roles with increasing difficulty. Candidates who have both management consulting and line role experience will have an advantage.
- It is vital to have excellent interpersonal, collaborative, and influencing skills to work in a complex management and organizational structure with a lot of uncertainty. The ability to work well with suppliers, project team members, project sponsors, functional leads, and senior management is important.
- Good organizational, time management, and project management skills are needed. The ability to manage multiple projects, RFx, and contract negotiations at the same time is essential. Proven skills in analysis, finance, problem-solving, organization, and project management are also required.
Education
- A bachelor’s degree is mandatory for this position, while a master’s degree is desirable.
Pay Range: $42-43