Concurrent
Procurement Specialist
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We’re building something powerful. Let’s build it together. We've delivered high-performance embedded computing solutions for four decades across industries including defence, telecoms, and aerospace. We’re proud to be experts in what we do and are looking for more brilliant people to join our team.
The Role
The Procurement Specialist role is predominantly to oversee purchasing activities in relation to components needed for our Products. It involves collaborating closely with the Planning, Engineering and Sales teams to ensure it is being purchased in line with the sales order book and pipeline.
What will I be delivering? Key Requirements:
Supplier Performance
- Managing on time deliveries through including maintaining outstanding purchase orders and deliveries with suppliers.
- Benchmarking and evaluating supplier performances against KPIs such as delivery times, quality, and pricing against competitors.
Supplier Management
- Maintaining accurate procurement records and documentation including NDAs, Due Diligence and final sign-off.
- Managing request for quotation (RFQ) orders.
- Minimum order quantity management, securing best pricing per batch order.
- Conducting regular assessments of supplier capabilities, capacities, and financial stability.
- Participating in strategic procurement planning and contributing to the development of sourcing strategies.
- Optimising costs through effective negotiation, strategic sourcing, and continuous market analysis.
- Implementing and managing KPIs for suppliers to ensure consistent performance and adherence to contractual agreements.
- Working to purchase saving KPIs including £50k per annum purchase savings per individual.
Rebate Creations
- Setting and achieving rebate targets by negotiating favourable terms and agreements with suppliers with success measured on successful schemes implemented.
- Reviewing and understanding current payments terms and increasing in cash.
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Lead-Time Reduction
- Focusing on lead-time reduction strategies.
- Consigning stock agreements and safety stock agreements.
Procurement Strategy and End of Life Management
- Working with the Engineering team and securing last time buys to avoid production disruption, establishing clear protocols for timely communication between Procurement, Engineering and Strategy teams regarding component obsolescence to facilitate proactive decision-making.
- Forecasting obsolescence risks and implementing strategies to address these risks.
- Regularly reviewing alternative manufactured parts on CNC items and identify opportunities for cost reduction, lead time improvement, and enhanced product quality.
- Collaborating with engineering teams to assess the feasibility of substituting components with more cost-effective alternatives without compromising performance.
- Identifying and qualifying multiple suppliers for critical components to mitigate risks associated with single-source dependency.
What do I need to bring with me?
Demonstrated knowledge and experience:
- Stakeholder management.
- Financial acumen.
- Strategic industry management – ability to create plans that help to predict the global market.
Technical Skills and Qualifications:
- CIPS qualification is preferred but not required as the qualification can be obtained through the business.
Behavioural competencies:
- Communication skills – written, verbal and listening.
- Negotiation skills- contracts, pricing, and lead time.
- High level of problem solving and reasoning to solve it.
- Confident in gathering information to make the right decision.
- Relationship management.
Benefits for working at Concurrent
· 25 days holidays + bank holidays and holiday purchase scheme.
· Annual profit share bonus.
· Cycle to work, Home & Tech and car salary sacrifice schemes.
· Death in service benefit & income protection.
· Employee assistance programme and virtual GP.
· Employee referral scheme.
· Enhanced parental leave.
· Generous company pension scheme with up to 10% employer contribution.
· One paid volunteering day per year.
· Private Health Insurance through Bupa.
· YuLife wellbeing app.
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Equal Opportunity Statement
We are an equal opportunity employer and believe in the power of a diverse, inclusive team. We welcome all applications from all suitably qualified people, regardless of race, sex, disability, religion / belief, sexual orientation or age. Please let us know if you require anything which would enable your success throughout our interview process.
Security Clearance
Please be aware that certain roles working for Concurrent will be subject to security and export control restrictions. These specific roles are therefore subject to candidates being able to meet BPSS level pre-employment screening criteria. For more information and guidance about security requirements please visit: https://www.gov.uk/government/publications/united-kingdom-security-vetting-clearance-levels
GDPR
By applying for this position, you acknowledge that your personal data will be processed in accordance with Concurrent's Data Protection Policy. We will use your information solely for recruitment purposes and will not share it with third parties without your consent. Your data will be stored securely and retained only as long as necessary for the recruitment process. You have the right to access, rectify, or delete your personal data at any time. For more information on how we handle your data, please refer to our Privacy Policy.
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