Strategic Procurement Specialist - Inverurie, United Kingdom - NOV Inc.

NOV Inc.

Verified Company

Inverurie, United Kingdom

4 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

CLOSING DATE 8 MAY 2024
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KEY RESPONSIBILITIES:

Strategic Sourcing:

Identify and evaluate potential suppliers based on factors such as cost, quality, reliability, and alignment with NOV objectives
Develop and implement sourcing strategies to optimize supplier selection and mitigate supply chain risks
Continuously monitor market trends, supplier capabilities, and industry dynamics to identify opportunities for improvement

Negotiation and Contract Management:

Lead negotiations with suppliers to secure favorable terms, including pricing, payment terms, and contractual agreements
Draft, review, and execute contracts and agreements with suppliers, ensuring compliance with legal and regulatory requirements
Establish and maintain strong relationships with key suppliers to foster collaboration and drive longterm value

Cost Management:

Drive cost reduction initiatives through effective negotiation, supplier consolidation, and value engineering
Analyze pricing trends and market conditions to identify costsaving opportunities and optimize procurement decisions
Track and report on cost savings and cost avoidance achieved through procurement activities

Supplier Performance Management:

Monitor supplier performance against key performance indicators (KPIs) such as quality, delivery, and service levels
Implement performance improvement initiatives and address any issues or concerns with suppliers proactively
Conduct regular supplier audits and evaluations to ensure compliance with contractual agreements and quality standards

Cross-functional Collaboration:

Collaborate closely with internal stakeholders, including operations, finance, & the tactical procurement team, to align procurement activities with business objectives
Provide strategic guidance and recommendations to support decisionmaking processes related to procurement and supplier management

Continuous Improvement:

Identify opportunities to streamline procurement processes, improve efficiency, and enhance overall effectiveness
Implement best practices and leverage technology solutions to automate and optimize procurement workflows
Stay abreast of industry trends, emerging technologies, and bestinclass procurement practices to drive innovation and continuous improvement

QUALIFICATIONS & EXPERIENCE:

Proven experience in strategic sourcing, procurement, or supply chain management, preferably in a manufacturing or distribution environment
Bachelor's degree in business administration, supply chain management, finance, or related field; advanced degree or professional certification (e.g., CIPs) is preferred but not essential
Strong negotiation skills with a demonstrated ability to achieve cost savings and favorable contract terms
Excellent analytical and problemsolving abilities, with a datadriven approach to decisionmaking
Proficiency in contract management, supplier relationship management, and supplier performance evaluation
Ability to communicate effectively and collaborate with internal stakeholders at all levels of the organization
Knowledge of relevant regulations and compliance standards governing procurement activities

Every day, the oil and gas industry's best minds put more than 150 years of experience to work to help our customers achieve lasting success.

We Power the Industry that Powers the World

Throughout every region in the world and across every area of drilling and production, our family of companies has provided the technical expertise, advanced equipment, and operational support necessary for success—now and in the future.

Global Family

We are a global family of thousands of individuals, working as one team to create a lasting impact for ourselves, our customers, and the communities where we live and work.

Purposeful Innovation

Through purposeful business innovation, product creation, and service delivery, we are driven to power the industry that powers the world better.

Service Above All

This drives us to anticipate our customers' needs and work with them to deliver the finest products and services on time and on budget.

Corporate

Our family of companies is supported by our global Corporate teams, providing expert knowledge from functions including Human Resources, Information Technology, Compliance, Finance, QHSE, Marketing and Legal centers of expertise.

We are structured to provide guidance and service above all to all our business operations.