Purchasing & Pricing Manager - Vitae Financial Recruitment Limited : Job Details

Purchasing & Pricing ManagerHertfordshireCirca £55,000 - £65,000 + BonusWe are seeking a highly commercial and strategic Purchasing and Pricing Manager to join this market leading business who are synonymous with innovation and exceptional customer care. Leading the procurement and pricing functions the ideal candidate will have strong negotiation abilities, excellent relationship management skills, and experience working collaboratively across departments. This role will be critical in managing vendor relationships, negotiating optimal terms, setting pricing strategies, and ensuring cost-effectiveness to support the company's growth and profitability goals.Key Responsibilities:Purchasing Management* Lead and manage procurement processes to ensure efficient sourcing of products and services.* Develop, negotiate, and implement contracts with suppliers to achieve best pricing, terms, and quality.* Establish strong, positive relationships with key suppliers and vendors, fostering cooperation and partnership.* Continuously evaluate and monitor supplier performance to ensure quality, delivery, and cost expectations are met.* Identify opportunities for cost savings and efficiency improvements within the supply chain.Pricing Strategy* Develop and implement effective pricing strategies to ensure competitiveness while meeting profitability targets.* Monitor and analyse market trends, competitor pricing, and customer demand to inform pricing adjustments.* Collaborate with sales, finance, and marketing teams to optimise pricing structures and develop promotional pricing as needed.* Regularly review and adjust pricing models to reflect changing costs, market conditions, and company objectives.Cross-Department Collaboration* Work closely with the Sales, Finance, Product Development, and Operations teams to align purchasing and pricing strategies with company goals.* Serve as a liaison between departments to ensure clear communication regarding pricing updates, vendor information, and market insights.* Provide training and support to the sales team on pricing strategies, cost structures, and product offerings.Budget and Cost Management* Develop and manage purchasing budgets, tracking expenses to ensure cost-effectiveness.* Analyse spend data and prepare reports on cost savings, budget variance, and purchasing trends.* Recommend and implement strategies for mminimisingcosts while maintaining quality standards.Negotiation and Relationship Building* Utilise strong negotiation skills to secure favourable terms with suppliers and vendors.* Build and maintain positive working relationships with key stakeholders, both internally and externally.* Act as the primary point of contact for suppliers, ensuring any issues are resolved in a timely and professional manner.What we are looking for:* Must have a minimum of 3 years of experience in purchasing, pricing, or supply chain management.* You will have proven and demonstrable negotiation skills with a track record of securing beneficial terms and pricing.* Strong analytical skills including advanced Excel skill is a must as is the ability to interpret data and make strategic decisions.* You will be a clear and confident communicator, able to present complex information in a concise manner to a broad audience.* Strong project management skills, with the ability to handle multiple projects simultaneously and meet deadlines.* Certification in Purchasing or Supply Chain Management (e.g., CIPS, CSCP) would be advantageous.AGY - Vitae Financial RecruitmentWe Exist To Be Different - Membership NOT Registration