Specialist- Sourcing - Technology Category First Abu Dhabi Bank FAB

KEY ACCOUNTABILITIES:

• The Specialist Sourcing is responsible to ensure suppliers and contracts are delivering value for money, minimizing risk, and improving service and social objectives for the categories of responsibility
• Provides leadership and accountability, ensuring process compliance and delivering optimal sourcing benefits from category management.
• Ensures best commercial value is negotiated and obtained for purchases. Specifically prepare requests for quotations, negotiate, select and identify most appropriate supplier (price, quality, conditions ) in collaboration with requesting department. Also negotiate contracts with legal department.
• Works with the Category Manager and Head of Sourcing to defined FAB Category strategy, setting performance objectives and monitoring progress. Also actively engaging with and securing support from key local stakeholders (Finance, HRG, )
• Collaborates with stakeholders to create, manage, and execute category plans e.g.:

• Develops annual category sourcing plans through detailed analysis of contracts, spend analysis, usage patterns, future demands, and benchmark data ensuring full alignment between FAB requirements and SVM targets.
• Lead transformational change through category strategies to include demand management, specification review, and grouping of similar goods and/or services using catalogue management techniques.

• Ensure that SVM Sourcing Management is aligned with FAB corporate Strategies, in cooperation with business planning and strategy and delivers results to the bottom line.
• Ensures that market intelligence is updated regularly and - ensures that any changes are updated in the category strategy and the appropriate steps are taken accordingly to mitigate any potential impact that this information may have to the organization
• Champion best practices in category management across the organization through publishing case studies, working with stakeholders, conducting peer training workshops, and sharing good experiences
• Represent sourcing in cross-functional teams for large initiatives to provide input on supplier engagement strategy and value creation.
• Create a strategic plan for the sourcing function tied to the bank's overall corporate strategy with clear objectives, initiatives, and targets.
• Act as the single point of contact for the stakeholders (both internal and external) to identify collaborative opportunities and align sourcing to the banks wider strategy
• Monitors and reports all strategic savings on a monthly basis to the Head of Sourcing.
• Continuously reviews category management information to identify new opportunities to minimize any potential savings gap.
• Provide expertise, leadership and support to FAB organizations to drive overall productivity program, promoting best practice sharing, benchmarking, market intelligence, etc.
• Actively participate and contribute to the development of SVM as a value adding function within the FAB organization through empowered and experienced stakeholder management.