Procurement Buyer

Procurement Buyer

Prudential Financial, Inc
Not Specified
Not Specified

Job Description

Prudential's purpose is to help people get the most out of life. We will deliver our purpose by creating a culture in which diversity is celebrated and inclusion assured, for our colleagues, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and in exchange, we support our people's career ambitions. We pledge to make Prudential a place where you can Connect, Grow and Succeed.In this role, you are responsible for controlling and monitoring the overall operation of procurement function for Marketing commodity (Event, Incentive Trip, Travel, Marcomm, etc) including stakeholder relation, provide best competitive cost and deliver sustainable savings for the company which in line with all policies and procedures. Ensure expected quality of goods/services which meet established standard and requirements in effective, transparent vendor selection and vendor relationship management and partnership. Contribute to the accomplishment of department objectives, timely deliverables and demonstrate professionalism behaviour.
Perform the daily activities of function related to procurement arrangements:
  • Prepare and conduct end to end sourcing process include but not limited to advise and execute sourcing strategy, reviewing RFP, due diligence requirement, research potential vendors, review business requirement, negotiate, compare and evaluate proposal from vendors, prepare comparison sheet / price analysis, vendor selection and announcement, contract management and other related process or documentations as required
  • Develop sourcing strategies (supplier and industry analysis. benchmarks, cost structure analysis and others) for and Identifies opportunities for strategic initiatives related with Marketing commodity or other commodities assigned by manager
  • Ensure compliance on procurement process and high levels of customer satisfaction.
  • Control on spending andbuild a culture of long-term saving on company costs

Control and maintain a continuous supply of good/service to ensure all stakeholder (internal client) request can be delivered on the promptly time, including administration on updating of expenses report and monitor actual expenses against budget. Operate as a subject matter expert for Procurement process and Sourcing related matters on Marketing commodity. Vendor and Contract Management:
  • Address vendor issues to ensure the highest level of service delivery and maintain contractual and long-term business relationships with vendors.
  • Review third-party agreement, Maintain & improve Third-party supply base and its competitiveness in the market and vendor performance
  • Identification of new potential supplier, leverage and consolidate third-party contract to gain best commercial outcomes.
  • Conducts vendor audits and evaluate based on audit facts or other key business criteria.

Undertake projects and assignment as directed by direct supervisor. Contribute and support to deliver the best Procurement optimization for the company, including Proactively provide ideas for continuous improvement Demonstrate leadership behaviour Maintain High ethical Procurement standards and policies.
Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with special requirements.

Prudentialplc provides life and health insurance and asset management, with a focus on Asia and Africa. We help people get the most out of life, by making healthcare affordable and accessible and by promoting financial inclusion. We protect people's wealth, help them grow their assets, and empower them to save for their goals. The business has more than 18 million life customers in Asia and Africa.Prudential has been providing trusted financial security for 95 years and is listed on stock exchanges in London, Hong Kong, Singapore, and New York. We are proud to be included in the 2022 Bloomberg Gender Equality Index. The index measures gender equality across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies, and pro-women brand. Our inclusion in this global index is testament to our commitment to nurturing diverse talent. #BloombergGEI . Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

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