Category Specialist at First Bank

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
3 years ago

Additional Details

Job ID
2283
Job Views
95

Job Description



Key Responsibilities

Sourcing Execution:



  • Collaborate with Category Manager to determine the scope of the purchases to be put through the procurement processes

  • Execute procurement purchases utilizing an end-to-end value chain approach

  • Support Category Manager with contract negotiations when required

  • Review recommendations from Category Manager and internal business partners to implement new procurement strategies

  • Involve Category Manager as necessary (e.g., complex contracts, Vendor performance issues, etc.)

  • Sponsor and approve procurement process improvements related to the Category

  • Participate in Category Management activities across multiple dimensions, including category strategy, contract implementation, and Vendor relationship improvement programs

  • Conduct tactical negotiations (e.g., price, delivery times) with selected Vendors to procure materials / services

  • Coordinate opportunities to aggregate spend across BUs/ SRFs/Branches where possible to improve pricing and reduce procurement administrative activities

  • Provide overall leadership to spot buy activities to meet established service level agreements


Contract Management:



  • Work with Head of Procurement and Category Manager to develop and implement the category communication plans, including sharing new contract agreements and procedures for complying

  • Communicate contract terms to impacted stakeholders within the Bank through meetings and other appropriate communication vehicles

  • Assess alignment of contract objectives with business needs

  • Ensure all contracting is in accordance with internal controls, policies, and procedures


Category Management Implementation:



  • Support Category Manager in execution of the category strategy

  • Review supply planning documentation to assess on-going category requirements

  • Work with the Category Manager to define the sourcing strategy

  • Identify relevant external market trends with respect to the industry and/or category (or group of categories)

  • Collect, manage, and assess relevant external benchmarks to assess the Bank’s performance against those external benchmarks

  • Develop the necessary analyses to support the various category management activities as directed by the Category Manager

  • Collect and manage category / Vendor data including spend data segmentation

  • Monitor new and existing category developments in a timely manner and determine impact on sourcing requirements to ensure a competitive edge

  • Develop impact assessments and analyses based on external benchmarking studies and/or market trends including, but not limited to, future spend opportunities, category risks, and Vendor sustainability

  • Develop impact assessments and analyses based on internal market forecasts and internal requirements.

  • Develop forward looking predictive analyses based on industry and/or category trends.

  • Support the analysis of end-to-end value chain costs for respective category.

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