Procurement Specialist
What is in the Procurement Specialist job description?
A Procurement Specialist needs to be a dynamic, client-focused individual with proven experience mainly of all areas of management consultancy services. You’ll be responsible for delivering sourcing initiatives covering the end-to-end sourcing lifecycle and will have experience of working with the main suppliers both in the UK and globally. You’ll need to be confident in engaging with senior stakeholders and be experienced in working as part of a cross-functional team to deliver a range of projects including complex large-scale projects as well as smaller projects as the work covers a mix of both.
What will be your responsibilities?
A Procurement Specialist responsibilities broadly consist of the following things:
- Establishing and maintaining strong relationships with stakeholders.
- Leading assigned sourcing initiatives, which vary in terms of scope and scale.
- Conducting market tenders and managing the evaluation across a cross-functional team to determine supplier selection.
- Understanding business requirements and structuring deals to meet those requirements.
- Negotiating deals to achieve optimal commercial terms.
- Drafting contracts based on standard terms and conditions.
- Leading a cross-functional deal teams and liaising with senior stakeholders.
- Building relationships with key suppliers.
- Adhering to the corporate standards, including using the defined sourcing tools and processes in delivery of sourcing initiatives.
- Identifying and implementing opportunities to deliver savings for clients and drive benefits through smarter/efficient sourcing
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What qualifications do you need?
If you’re looking to move in a role of a Procurement Specialist, you’ll need the following qualifications and skills:
- Educated to university standard or equivalent.
- Minimum five experience in sourcing across specific categories.
- Proven capability of delivering deals – from mid to higher levels of complexity and which may be global in nature, including all aspects of the tender process.
- Hands on approach for deal execution, manage deals end to end on their own with minimal oversight on less complex deals.
- Highly organised and results driven, can lead a cross-functional team.
- Experienced in negotiations and excellent communication skills.
- Ability to structure deals and develop sourcing strategies.
- Experience in understanding contracts and ability in contract drafting, with limited requirement for specialist legal support.
- Ability to manage multiple priorities, very often to tight deadlines, and deliver results.
- Experience in working with market leading sourcing tools and systems Professional team player, motivated and highly flexible
To start your journey to become a Procurement Consultant, the ideal starting point is the Level 4 Diploma in Procurement and Supply. Once complete, move on to Level 5 and Level 6 qualifications that will take you all the way to MCIPS.
What does a Procurement Specialist get paid?
In the UK, typically the Procurement Specialist gets paid on average £41,576 based on the UK Salary Guide 2023. A Procurement Specialist sits in the Operational level, the breakdown is as follows.
Operational
- UK: £41,576
- Australia: $109,362
- New Zealand: $98,241
- MENA: $43,018
- South Africa: ZAR 437k
- Sub-Saharan Africa: $35,451
- North America: $67,764
- Europe: €48,778
Salaries may increase if you are studying with CIPS or change sector. To find out more about the salaries of procurement and supply professionals let our salary calculator do the hard work for you.