Executive, Procurement

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.

Role Purpose :

Involves supporting the procurement process by planning, monitoring, and coordinating the acquisition of products, services, and works. This role is ensuring that the organization has the necessary resources to operate efficiently while managing costs and maintaining strong supplier relationships

Organisation Context

Responsible for assisting the Deputy Manager, Procurement in managing and coordinating the purchasing activities of the organization. This role involves formulating and driving a consistent approach towards sourcing and supply, which includes purchase negotiation, pricing, and cost management. Additionally, this also to ensures the efficient management of procurement systems and process controls, contributing to the overall efficiency and cost-effectiveness of the procurement function.

Key Responsibilities :

1- Sourcing

• Manage Procurement Committee (PC) and Tender Committee for assignment sourcing requests.
• Coordinate with business owners and evaluators to ensure smooth communication and collaboration.
• Perform commercial evaluations and review completeness of provided data to ensure accuracy and reliability.
• Negotiate with suppliers to achieve cost savings and favorable terms for the company, including :
• Conducting market research to identify potential suppliers.
• Preparing and issuing Requests for Proposals (RFPs) and Requests for Quotations (RFQs).
• Evaluating supplier proposals and conducting cost-benefit analysis.
• Prepare minutes of meetings (MOM) and sign-off documents for completed PC and tenders.
• Ensure all processes are properly recorded in the tender and PC register for transparency and compliance.

2- Supplier Onboarding

3- Purchase Requisition Management