Procurement Manager - IT Strategic Sourcing (Procurement)

Company description:

Synapxe is the national HealthTech agency inspiring tomorrow's health. The nexus of HealthTech, we connect people and systems to power a healthier Singapore.

Together with partners, we create intelligent technological solutions to improve the health of millions of people every day, everywhere. Reimagine the future of health together with us at www.synapxe.sg

Job description:

Role & Responsibilities

Strategic Sourcing

• Support the development, implementation and execution of Strategic Sourcing strategies that align with the business needs.
• Cultivate and manage relationships with key suppliers, ensuring a robust and collaborative network.
• Conducting key suppliers' business review at C suite level.
• Collaborate with cross-functional teams to align supplier management strategies with overall business objectives.
• Perform market intelligence and analysis including supplier landscape, capabilities, and technology roadmaps to develop Category Strategies with Category Sourcing Managers
• Provide valuable market insights and stay abreast of market trends and technological advancement to inform strategic planning and decision-making ensuring a resilient and sustainable supply chain.
• Participate in supplier segmentation and strategic goal setting to improve value such as spend reduction, purchasing efficiency, and supplier management.

Supplier Management

• Establishing standards by which to assess the performance of approved vendors.
• Evaluating current vendor management programs and identifying ways to improve them.
• Development and execution of key vendor risk management activities.
• Establishing standards by which to assess the performance of approved vendors.
• Evaluating current vendor management programs and identifying ways to improve them.
• Implementation of new vendor onboarding, renewal, and off boarding processes, and ensure all required risk management processes are performed as per governance standards.
• Coordinate and ensure appropriate compliance activities are always performed.
• Carry out regular risk reviews on all vendors to ensure suitability of on-going business engagements.
• Maintain a profile of all vendors, monitoring timelines for reviews, ensuring all relevant information is up to update.
• Provide advice and guidance to business partners and teams as appropriate regarding Vendor Management best-practice.
• Partnering with internal functions to interact with third parties on escalations of non-performance and contractual issues to drive resolution when appropriate.
• Facilitating remediation of issues or gaps identified as part of ongoing monitoring.

Requirements

• Degree holder or its equivalent from a recognized tertiary institution
• At least 5 years of experience in strategic sourcing, supplier management or third-party risk management
• Demonstrated ability to negotiate and influence internal and external stakeholders to deliver results.
• Solid analytical skills demonstrated in performing bid analysis, cost analysis, fair-value analysis, and scenario modelling.
• Excellent understanding of 3rd party risk management and corporate compliance.
• Excellent verbal and social skills, adept at establishing and nurturing strong relationships with both internal teams and external partners.
• Excellent at delivering clear and concise communications, whether verbally, in writing, or through presentations, especially when discussing updates and challenges.
• Able to interface with multiple levels of management.
• High level of integrity and dependability with a strong sense of urgency
• Relevant experience in healthcare industry is an added advantage.

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Profile description:

Position Overview

We are looking for a proactive and experienced individual to take on the role of Strategic Sourcing/ Supplier Relationship Manager. The successful candidate will play a pivotal role for overseeing and managing third party risk process, cultivate and manage relationships with key suppliers, ensuring a robust and collaborative network and stay abreast of market trends and technological advancement to inform strategic planning and decision-making ensuring a resilient and sustainable supply chain.