
Procurement Strategist
23 hours ago
The Procurement Strategist plays a pivotal role in procuring goods and services, driving business value from third-party investments while minimizing organizational risk.
Key Responsibilities:- Intake Review and Contract Creation
- Ensure intake compliance with policies
- Select vendors based on policy guidelines
- Negotiate pricing, terms, warranties with suppliers
- Administer purchase orders/contracts within budget constraints
- Verify timely deliveries
- Strategic Project Management
- Analyze spend, identify business needs, and provide recommendations
- Collaborate with stakeholders for sourcing requirements
- Identify qualified vendors in the supply market
- Conduct RFx processes (RFI, RFP, RFQ)
- Present evaluation results and vendor selections
- Cost Savings / Process Improvement
- Implement cost-saving initiatives and process improvements
- Monitor procurement project progress and results
- Develop project pipelines and forecast requirements
- Vendor Management
- Qualify new vendors for cost-effective sourcing
- Maintain vendor information
- Ensure vendors meet accreditation standards
- Update preferred vendor list
- Negotiate payment terms and establish credit lines
- Measure and manage supplier performance
- Handle vendor-related incidents and collaborate on resolutions
- Training and Communications
- Communicate purchasing policies and procedures
- Update on work progress
- Support procurement tool rollout
- Ensure compliance with policies
- Support business inquiries and requests
- Participate in procurement initiatives
- Negotiate and award contracts
- Coordinate contract updates with owners
- At least 5 years of procurement experience, preferably in insurance, banking, or similar industries
- Bachelor's degree in Business or relevant field
- Familiarity with products, supply management principles, and related technology
- Skills: analytical, negotiation, interpersonal, customer focus, strong communication, adaptability
Absorb cutting-edge knowledge to accelerate growth and enhance outcomes. To succeed in this highly strategic role, you will be responsible for fostering collaborative relationships with key stakeholders and deploying creative solutions to procurement challenges.
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