Senior Buyer

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About us

We see a future where everyone can live and move without limitations. That's why we are developing technologies, systems and concepts that make vehicles safer and cleaner, while serving our communities, the planet and, above all, people.

Forward. For all.

Group Summary

Cosma provides a comprehensive range of body, chassis and engineering solutions to global customers. Through our robust product engineering, outstanding tooling capabilities and diverse process expertise, we continue to bring lightweight and innovative products to market.

Position Summary:

Reporting to the Purchasing Manager, the Senior Buyer is responsible for the full 360 Supplier Management process. This includes but not limited to, initiate & delivering cost savings projects completing tender events from cradle to grave, negotiating contracts and ensuring strong vendor & stakeholder relationship management is maintained.

Key Responsibilities:

Cost Savings

• Working on cost reduction activities (from cradle to grave) in line with global and regional material cost reduction targets. Tracks Savings projects and reports accurate forecasts and actuals in Savings Tracker including supplier surcharge mechanisms.
• Establish and execute commodity strategy for nominated products and services, working closely with inter-companies and Group Purchasing identifying opportunities for global leverage/synergy of volumes and purchasing power based on accurate data.
• Formulate & achieve annual cost reductions in addition to year over year supplier performance improvement. Key areas including price, delivery/service, cycle performance.
• Leading tender events ensuring completed RFQ packages are completed on time, in full and on plan. Taking into Total Cost of Ownership (T.C.O) including warranty, spares and incoterms.
• Provides completed documentation for review at Stakeholder review including total landed cost analysis taking into account duty, freight, packaging, surcharge, payment terms and other financial factors.

Supplier Relationship Management

• Monitors supplier(s) performance & working relationship, risk assessments, audit results and elevates issues within the supplier's organization for resolution. Understand and review the corrective actions for sustained results.
• Holds regular key supplier review meetings with stakeholders and measures compliance to KPIs.
• Co-ordinates supplier selection and leads supplier (re)source activities, working with all relevant functions identifying and selecting qualified suppliers for both local purchases and export.
• Manages the supply chain to ensure optimum workflows and takes active steps to remove non-value-added work. Challenges the status quo, engaging support from other functional groups. Makes specific and comprehensive recommendations for process improvements.

Contract Management

• Manages and negotiates supply agreements that require improvements in suppliers' cost, delivery, quality, order lead time, payment cycles, technology, and/or risk mitigation, in align with Magna's terms and conditions.
• As part of cross functional team, support new programs team on time, on cost and in align with the budget set by the business.
• Other duties as assigned.

EXPERIENCE:

Essential
- CIPS or studying towards

Desirable
- Bachelor's degree in business

Personal Attributes:

- Strong organisational skills

- Excellent negotiation skills and strong with numbers

- Good interpersonal skills

- Excellent oral and written communication skills

- Ability to work in a fast-passed working environment.

- Able to maintain control of multiple projects to meet timing and business needs.

- Fundamental computer skills using Microsoft Office Suite (including MS Project)

- Demonstrates the ability to work effectively in a team environment

- Well organized with the ability to work effectively under pressure

- Experience of implementing Vendor Managed Inventory Solutions

- Able to work well with others; build and maintain positive employee relations

- Able to maintain confidentiality, and use discretion and tact

- Proven strong experience of using SAP i.e., raising schedule agreements & POs.

- Honest with a high level of integrity

- VA/VE experience in similar industry.

- Full driving licence

- Eligibility to work in the UK