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CME Group

Buyer - Procurement Team

Posted on Nov. 20, 2024

London, United Kingdom
No Salary information.

Full Time

Description:

Highly motivated procurement professional with excellent analytic and sourcing best practice skills. Significant hands on experience managing indirect procurement in marketing, facilities and professional services sourcing initiatives. The Buyer is a sourcing professional, negotiator, and project manager accountable for end-end sourcing and contracting. This role provides essential procurement and supplier expertise in the areas of strategic sourcing and category management with strong commercial and contractual experience. This role will deliver high quality, innovative and proven cost-effective methodologies to support the company and department objectives. This role will interface and foster a collaborative environment with cross functional teams. This role requires exceptional verbal and written communication, strong organizational and time management skills.

Principal Accountabilities:

Develop global sourcing strategies to deliver against business objectives for internal clients
Proactively identify (through analysis and business unit partnerships), develop and execute on sourcing opportunities driving cost savings, cost avoidance, risk reduction, enhanced business outcomes and process improvements, and improved service meeting current and future business and category needs
Lead negotiations with new or potential suppliers, as well as current suppliers (for renewals); negotiations including pricing and commercial terms as well as legal terms, working with our legal team.
Establish trusting relationships with senior level leadership and internal business partners; building a robust understanding of strategic business direction, requirements, and priorities across spend categories.
Evaluate supplier core competencies and competitive positioning using industry cost models and benchmarking analysis; leveraging key-insights to inform and support the category strategy development process.
Manage the fundamentals of sourcing and supplier engagement activities including RFx, spend pattern analysis, contract analysis, bid evaluation, negotiations, and supplier consolidation.
Prepare and coordinate business reviews with stakeholders to review vendor performance, future opportunities, and/or challenges.
Embrace fact‐based decision making; leverage and/or integrate market or benchmark data, spend analytics, and cost modeling.
Manage critical supplier relationships; develops plans with providers that support business goals and strategies and drive continuous improvement.
Develop performance-based scorecards and monitors, documents, and evaluates supplier performance
Lead the resolution of disputes with suppliers.

Skills & Software Requirements:

Strong understanding of procurement processes, industry, and complex suppliers
Excellent analytical skills
Excellent business application skills (e.g., Excel, PowerPoint)
Strong knowledge and use of procurement applications
Excellent communication skills,
Strong project management Skills
Ability to create a contract from standard or customized templates with limited supervision
Strong understanding of contracting principles
Ability to close complex deals in a timely fashion

Skills & Software Requirements:

Microsoft desktop and Google applications. Preferred: Workday Purchasing and eProcurement modules.

CME Group : Where Futures are Made

CME Group is the world’s leading and most diverse derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it – all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we’re looking for more.

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