Procurement Manager

Job Purpose

To liaise with stake holders to develop and implement category plan and strategic sourcing.

To handle company procurement requests following the defined strategic sourcing to ensure the best values are delivered to the Company and risks to the Company are minimized /mitigated through effective contractual and service level agreement, whilst achieving cost savings (cost avoidance and cost reduction) for Prudential.

To drive responsible sourcing for Prudential and locally implement sustainability program in line with Group strategies.

Job Responsibilities

Key job responsibilities assigned to this position are:

- Develop category plan and partner with the business stakeholders to understand sourcing needs

- Highlight purchasing trends and analyze spend to management for action to be taken through new principal sourcing plans; Ensure strategic sourcing implemented;

- Establish and drive cost saving targets. Control spend and build up a culture of long-term savings for third party spend;

- Provide optimum sourcing strategy to deliver the most valuable and righteous goods and services and beyond the corporate standards

- Act as Procurement Business Partner to support business in awareness and compliance to procurement policies and procedures, third party risk governance;

- Identify new vendors as necessary and determine the optimal set of providers for goods and services;

- Manage daily operations related to in-charged categories, system process, document retention and procure-to-pay issues.

- Initiate and implement ESG programs under Sustainability strategies from Group or from BOD

- Manage stakeholders to drive sustainable and responsible sourcing for the company;

- Perform other tasks as appropriate within competence as assigned by Line Manager/ Head of Procurement or Company’s management.

Job Accountability

- Manage to achieve the set objectives, esp. in cost effieciency and value added to business;

- Develop and implement category management plan and strategic sourcing

- Collaborate spend governance with business stakeholders

- Ensure the projects are delivered with the agreed quality on a timely manner

- Ensure all the works are strictly complied with Company’s procedures & regulation

- Partner with regional / global procurement team in big projects.

- Develop and execute Sustainability of Procurement individually and Prudential generally following to local and global strategies.

Job Requirements

Qualification:

Mandatory: Bachelor’s degree (Law/Commerce/Economics/Foreign Trade/Finance)

Knowledge:

- Procurement and Supply chain with best practices and worldwide standards.

- Broad and deep technical knowledge of commodity and product including specification, market trends and supply base, especially for Promotional items, IT equipment.

Advantage: Degree in supply chain management / International certification of procurement / supply chain.

Experiences:

Mandatory: At least 3 years of experience at an independent level or as a Business Partner

Advantage:

- Prior experience of Procurement systems, especially global platforms like SAP, Ariba, Oracle, Coupa.

- Prior experience of Procurement in financial industry / in MNCs

- Proven background about Sustainability, ESG, Kaizen, etc.

Knowledge and skill set:

Mandatory:

- Strong leadership capabilities – ability to act as team leader for special assignments; leadership demonstration in development of purchasing skills and specific commodity knowledge for project team members.

- Communication skills – excellent verbal, written and oral capabilities to deal independently with internal customers and external resources.

- Interpersonal skills – ability to build effective organizational relationships inside and outside the department,

- Good understanding of procurement tools & processes

- Knowledge of economics, law, supply chain, procurement, logistics, finance, insurance, etc.

- Contract management and Vendor performance management.

Understanding of ESG.

- Fluency in English, especially speaking and business writing. Experience to work with foreign third party.

- Good computer skills and proficient in Excel, Word, Outlook, Teams, PowerPoint, etc.

Advantage:

Risk management

Financial & legal aspects knowledge

Ethics policies knowledge

ESG

Job’s attributes:

Integrity

Business acumen

Results orientation

Innovative

Critical thinking