Prudential's purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people's career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.
Responsible for controlling and monitoring the overall operation of procurement function in Sourcing activities. The main area of responsibility would be in leading the vendor selection and vendor due diligence, manage stakeholder relationship, provide best competitive cost and deliver sustainable savings for the company which in line with all policies and procedures. Make sure expected quality of goods/services which meet established standard and requirements in effective, transparent vendor selection and vendor relationship management and Ecosystem/Digital partnership. Contribute to the accomplishment of department objectives, timely deliverables and demonstrate professionalism behaviour.
- To 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
- Provide support in developing sourcing strategies (supplier and industry analysis. benchmarks, cost structure analysis and others) and Identifies opportunities for strategic initiatives related with the assigned commodity by manager
- Ensure compliance on procurement process and high levels of customer satisfaction.
- Control on spending and build 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.
- 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 individual physical or mental health requirements.
