Procurement Specialist

• Remote, Contract Role

RedStream Technology is recruiting a procurement specialist to work with one of our major clients on coordinating RFQ’s and related procurement tasks.

Our client is seeking an experienced and detail-oriented Procurement Specialist to lead the management and optimization of tail spend agreements. The ideal candidate will have a strong background in procurement, spend analysis, and supplier relationship management, with a proven track record of achieving cost savings and improving operational efficiency. This role requires expertise in utilizing advanced procurement technologies and methodologies to streamline processes, ensure compliance, and drive strategic sourcing initiatives.

Key Responsibilities:

• Tail Spend Management: Oversee the implementation of structured RFQs and procurement strategies to optimize tail spend, reduce supplier base, and achieve cost savings.
• Spend Analysis: Conduct detailed spend analysis to identify uneconomical purchases, enhance visibility, and drive structured tenders.
• Supplier Relationship Management: Build and maintain strong supplier relationships by standardizing price quote processes, reducing tail suppliers, and improving coordination.
• Procurement Transformation: Lead initiatives to rationalize suppliers, optimize costs, and streamline transactional procurement processes.
• Contract Compliance: Implement automated systems to ensure contract compliance, prevent leakage, and improve labor productivity.
• Digital Procurement Tools: Utilize e-RFQ platforms, AI tools, and analytics to enhance procurement decision-making, consolidate spend, and standardize buying experiences.

Key Responsibilities:

• Tail Spend Management: Oversee the implementation of structured RFQs and procurement strategies to optimize tail spend, reduce supplier base, and achieve cost savings.
• Spend Analysis: Conduct detailed spend analysis to identify uneconomical purchases, enhance visibility, and drive structured tenders.
• Supplier Relationship Management: Build and maintain strong supplier relationships by standardizing price quote processes, reducing tail suppliers, and improving coordination.
• Procurement Transformation: Lead initiatives to rationalize suppliers, optimize costs, and streamline transactional procurement processes.
• Contract Compliance: Implement automated systems to ensure contract compliance, prevent leakage, and improve labor productivity.
• Digital Procurement Tools: Utilize e-RFQ platforms, AI tools, and analytics to enhance procurement decision-making, consolidate spend, and standardize buying experiences.

Skills:

• Bachelor’s degree in Supply Chain Management, Business Administration, or a related field (Master’s degree or MBA preferred).
• 3-5 years of experience in procurement, contract review, or a related role, with a focus on tail spend management.
• Certifications such as Certified Professional in Supply Management (CPSM) or Certified Supply Chain Professional (CSCP) are highly desirable.
• Proficiency in advanced procurement technologies, including e-RFQ platforms, AI tools, and automated compliance systems.
• Strong analytical skills with the ability to conduct spend analysis and identify cost-saving opportunities.
• Excellent communication and negotiation skills to manage supplier relationships effectively.
• Basic Aravo and Coupa experience.

Key Competencies:

• Expertise in tail spend optimization and supplier consolidation.
• Proven ability to achieve significant cost savings and improve operational efficiency.
• Knowledge of procurement transformation and outsourcing strategies.
• Familiarity with digital and analytics tools for procurement.

Education:

• Bachelor’s degree in Supply Chain Management, Business Administration, or a related field (Master’s degree or MBA preferred).

Membership in professional organizations such as the Institute for Supply Management (ISM) or the Chartered Institute of Procurement & Supply (CIPS) is a plus.