Specialist: Commodity - Johannesburg at Absa South Africa

Job Summary

• To work across all business units in order to maximise stakeholder satisfaction by ensuring sustainable  savings are achieved through effective category and commodity management. To apply "Best in class"  sourcing practices and drive value aligned to effective negotiations and contract management.

Job Description

Accountability:

• Category Management Develop commodity strategies, category plans and commercial solutions aligned to "best in class" business drivers for delivering specific components thereof.
• Develop a fact-base to appropriately understand market analytics and category dynamics, these include Total Cost of Ownership (TCO) models, comparative analysis, spend analysis, trend analysis, risk analysis, benchmarking etc.
• Develop comprehensive business cases in order to support strategies for approval by senior stakeholders such as Head of Human Resources, Head of Marketing, Head of Cash Management and Head of IT Work with identified business area to embed and ensure compliance to the Group Sourcing SSMP policy as reported in the CAB decks for that business area each month Introduce innovative solutions through effective research ensuring Business Continuity Management (BCM) is guaranteed
• Review, Revise and Re-engineer processes in order to eradicate waste and maximise throughput Assist Sourcing Manager in delivery of commercial and contractual elements through commercial negotiations, leading to awarding contracts.
• Ensure all financial, risk, strategic and commercial considerations are optimised through the use of due diligence checks, best in class strategies and general market knowledge

Key accountabilities

Accountability:

• Benefit Realisation Ensure sustainable savings by identifying opportunities and delivering benefits against all targets through effective cost reduction, cost avoidance and revenue generation opportunities
• Introduce Value Add and Value Engineering (VAVE) initiatives that will contribute to savings and maximise value
• Report on performance against targets for benefits realisation by extraction of data through MI
• Devise methods to optimise processes and eradicate waste in order to drive value throughout the supply chain Introduce innovation that will add strategic benefit through mutual relationships and synergies by working with the internal customer (business units) and third party suppliers

Accountability:

• Stakeholder Management To support the organization in achieving its strategic objectives by interpreting and influencing both the external and internal environments and by creating positive relationships with stakeholders through the appropriate management of their expectations and agreed objectives
• Positioning stakeholders according to the level of influence, impact or enhancement they may provide to the business or it's projects.
• Recognise and acknowledge stakeholder's needs, concerns, wants, authority, common relationships, interfaces and align this information with the overall delivery strategy.
• Ensure communication standards are transparent, honest and open with stakeholders, which will be measured through
• Employee feedback in the Q2 and Q4 reviews

Accountability:

Governance and Compliance Delivery of effective contract management will include:

• Service delivery management - ensuring that the service is being delivered as agreed, to the required level of performance and quality by working timeously and to agreed deadlines
• Creating and maintaining Relationship management to keep the relationship between the two parties open and constructive, aiming to resolve or ease tensions and identify problems early.
• Delivering contract administration to handle the formal governance of the contract and changes to the contract documentation.
• Optimise the efficiency, effectiveness and economy of the service or relationship described in the contracts, by balancing costs against risks and actively managing the contractual relationship.

Accountability:

• Transactional Integrity Ensure transactional integrity is adhered to for each step in the P2P process and all transactions are in line with company compliance and policies by reviewing the monthly reporting and working with the allocated business units
• Ensure that all contractual information is loaded onto the Global Sourcing Platform (Sourcing Work Bench) for each deal that is completed prior to benefit sign off, as per the agreed Sourcing Process (sign off will not occur unless this is done) Address all enquires in order to add resolution related to supplier payments and invoicing Accountability: BBBEE, Transformation & Social Responsibility
• Achieve all targets related to BBBEE and transformation through due consideration in the processes of procuring products and services
• Consider the growth of South African based Small Businesses for each deal within the scope of the strategy for each deal Influence transformation through positive change and governance.

Accountability:

• Sourcing Administration Compile comprehensive business cases and presentations for Exco approval in the agreed format within Sourcing with the support of line management for the deals that require this output
• Conduct data extraction exercises in order to manipulate data for reporting purposes where required and in conjunction with the Business Performance Team
• Complete all sourcing documentation and templates as per Group Sourcing policy requirements
• Address and resolve enquiries related to Business as Usual (BAU) Role/Person specification

Education and experience required

• B-degree in a relevant field (NQF level no. 6) B.Comm degree or equivalent
• Diploma Certificate in Purchasing Management 2-3 years in a Sourcing environment
• Preferred MCIPS 3-5 years in a Sourcing environment
• Experience in financial services industry
• Project management experience International Sourcing

Experience Knowledge and skills:

• (Maximum of 6) Stakeholder Management Business Acumen
• Communication Skills
• PC Literacy
• Client focused
• Sound Knowledge of sourcing industry

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)