Head of Procurement

Job DescriptionRole DescriptionA London based venture capital firm is looking for a newly created Head of Procurement role. The firm makes investments into pioneering ventures in the Advanced Technology & Industrial, Finance & Fintech, and Healthtech & Human Performance sectors. Through funding, active management, an internal accelerator and a network of partners, this firm actively incubates, builds and accelerates ventures with the potential to shape and define the future for generations to come. They typically take majority positions in the businesses they own and focus on hand-on venture building with their Portfolio Companies on a day-to-day basis, as a result their Portfolio is small and concentrated. The Head of Procurement is responsible for developing and executing the procurement strategy for the organisation, ensuring that we obtain quality materials and services at competitive prices. This role is responsible for managing all aspects of the procurement process, including supplier selection, contract negotiation, and vendor management. Responsible for identifying and negotiating with suppliers, managing supplier relationships, and ensuring compliance with relevant regulations and policies.ResponsibilitiesDevelop and implement strategies to identify qualified suppliers Manage supplier relationships to ensure quality of goods/servicesMonitor supplier performance metrics to ensure compliance with contractual agreementsDevelop procurement policies and procedures in accordance with company standardsAnalyse market trends to identify cost savings opportunitiesEnsure compliance with company policies related to procurement activitiesDevelop reports on procurement activities for senior management reviewNegotiate contracts with suppliers to ensure competitive pricingManage the purchasing process from requisition to delivery of goods/servicesEnsure compliance with relevant laws and regulationsDevelop and implement effective procurement strategies that align with the organisation’s overall goalsManage the budget for all procurement activitiesCollaborate with other departments to ensure alignment between procurement strategies and business objectivesRequired Experience Bachelor’s degree in Supply Chain Management or related fieldMCIPS qualifiedMinimum of 5 years’ experience in procurement, preferably within advanced technologies or marine industriesCan demonstrate the successful development and implementation of sourcing strategiesClear knowledge and understanding of supply market, industry, and category dynamicsA successful track record leading and managing complex negotiationsThis is a permanent position based in our London Fitzrovia office. To foster a culture of collaboration, we expect all our employees to work in the office 4 days a week, Monday to Thursday, with the option of working at home on Friday. We thank all applicants for their interest in this role, however, only those selected for an interview will be contacted.
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