- Develop comprehensive category strategies aligned with organizational goals and objectives.
- Conduct market research and analysis to identify emerging trends, opportunities, and risks within assigned categories.
- Define clear objectives, targets, and KPIs to measure the effectiveness of category strategies.
- Cultivate and maintain strong relationships with suppliers to ensure alignment with business requirements and objectives.
- Identify and qualify potential suppliers through rigorous evaluation processes.
- Collaborate with suppliers to drive innovation, continuous improvement, and value-added initiatives.
- Lead contract negotiations with suppliers to secure favourable pricing, terms, and conditions.
- Review and analyse contract terms to ensure compliance with legal and regulatory requirements.
- Monitor contract performance and address any issues or discrepancies in a timely manner.
- Identify opportunities for cost optimization and savings within assigned categories.
- Develop and implement strategies to reduce procurement costs while maintaining quality and service levels.
- Track and report cost savings achieved through negotiation, consolidation, and process improvements.
- Conduct risk assessments to identify potential threats to the supply chain, such as supplier instability, geopolitical factors, or regulatory changes.
- Develop risk mitigation strategies and contingency plans to minimize the impact of identified risks.
- Monitor and evaluate supplier performance to ensure adherence to contractual obligations and quality standards.
- Collaborate with internal stakeholders, including operations, finance, marketing, and legal teams, to align procurement strategies with business requirements.
- Communicate effectively with stakeholders to gather input, provide updates, and address concerns related to category management activities.
- Travel for supplier visits and conferences as required.
- Bachelor's degree in business, supply chain management, procurement, or a related field. (CIPS preferred)
- Three to five years proven experience in procurement, category management, or strategic sourcing roles, with a focus on developing and implementing category strategies in a regulated environment is preferred.
- Strong analytical skills with the ability to interpret data, conduct market research, and identify insights to inform decision-making.
- Excellent negotiation and contract management skills, with a track record of achieving cost savings and driving value through supplier relationships.
- Effective communication and interpersonal skills, with the ability to collaborate cross-functionally and build relationships with internal and external stakeholders.
- Proficiency in procurement software and tools, such as e-sourcing platforms, contract management systems, and spend analysis tools.
- Demonstrated ability to work independently, prioritize tasks, and meet deadlines in a fast-paced environment.
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Category Manager - Inchinnan, United Kingdom - Terumo Aortic
Description
Terumo Aortic have are currently recruiting for a Category Manager to join our team. This is an exciting new role which will help to strategically manage a specific group or category of products or services to achieve the organisations objectives. This is a fantastic opportunity to join a truly global business through an exciting time of growth and investment within the business.
The main responsibilities of the role are;
The successful candidate will possess;
