Procurement Specialist

Brand: Estée Lauder Companies

Description

The Estée Lauder Companies is a global beauty powerhouse, with a portfolio of iconic brands that have shaped the beauty industry for decades. Our commitment to excellence, innovation, and inclusivity extends not only to our products, but also to our people. We believe that every individual brings a unique perspective, and together, we create a vibrant and empowered workforce.

Due to our continued growth we are now hiring a

Procurement Specialist

for our team in Budapest.

The Role:

The Procurement Specialist is responsible for managing strategic and tactical tasks related to Management Consultancy related demands and agreements This role requires a deep understanding of vendor agreements and the ability to extract value through the contract drafting and review process. The specialist will review and revise any Management Consulting demands to ensure that ELC maximizes benefits while minimizing financial expenditure and exposure.

Qualifications

Responsibilities:

• Analyzing and interpreting data sets to support decision-making.

• Designing, developing, and maintaining decision support reports and documents.

• Collaborating with various departments and internal stakeholders to understand data needs and deliver relevant solutions.

• Creating decision support materials for senior management.

• Review strategic and tactical vendor agreements and revise as necessary to ensure ELC is maximizing benefits while minimizing financial expenditure / exposure. Recommend contract revisions to improve language and reduce gaps/inconsistencies.

• Perform first line analysis of Management Consultancy demands. Prepare for final review of manager before DocuSign submission. Includes escalation to Manager when red flags are caught.

• Execute contract execution process and review executed agreements as part of the contract abstract process.

• Oversee vendor governance activity and ensure it is properly documented in the vendor governance SharePoint sites.

• Manage contract approval packages presented by Indirect Procurement and/or Finance for execution.

• Oversee vendor tasks/deliverables are being met from a PtP perspective (e.g. documents are presented on time, outstanding credits are received …), escalate to manager when necessary.

• Ensure Business Partners are aware of vendor governance tasks/deliverables which are approaching deadlines and assist where possible.

• Gather and analyze market data on a regular basis relative to the appropriate category and region to properly gauge and evaluate market and industry conditions applied to determine the sourcing strategy.

• Manage the relevant supplier interactions and relationship throughout a sourcing project.

• Develop a solid understanding of regional contracts, supply agreement templates along with thorough understanding of legal concepts.

• Maintaining agreements database, tracking contracts' expiry dates and assuring the extensions are signed in a due time.

• Negotiate with suppliers to reach favorable agreements, including prices, delivery schedules, payment terms, and other contractual conditions.

• Purchase Order Creation in SAP.

Requirements:

• 2 to 4 years' experience developing, implementing & managing third party vendor management and business demand management projects, processes.

• Prior experience managing Workflow Processes.

• Prior experience preparing decision support materials.

• Experience working with geographically dispersed team & customer base.

• Demonstrated ability to manage multiple vendor partners.

• High level English knowledge.

• Expertise in MS Excel, PowerPoint, Word, Service NOW.

Our hybrid work model:

At ELC, we believe that efficiency doesn’t depend on being in the office five days a week. To support work-life balance, we offer our office-based colleagues the opportunity to work from home up to 10 days per month.

Our Benefits:

At ELC, we’re excited to offer you a variety of benefits; enjoy exclusive discounts on our premium brands including Estée Lauder, Tom Ford, Jo Malone London, La Mer, and many more. We also provide a yearly bonus to recognize your contributions. You’ll also have access to our flexible cafeteria plan, providing personalized options for your specific needs. Get active with the AYCM sport pass program available as a self-financed option tailored to your fitness goals. We also provide 24/7 mental health support through Magellan Healthcare, ensuring you and your family have access to professional counseling whenever needed. Additionally, enjoy free access to LinkedIn Learning for continuous development, and take advantage of our mobile fleet plan.

We are an equal opportunity employer. We welcome applications from candidates of all backgrounds. Minorities, women, veterans, and individuals with disabilities are encouraged to apply. It is Company's policy not to discriminate against any employee or applicant for employment on the basis of race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth and related medical conditions), gender identity or gender expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability.

Job: Purchasing/ Procurement/ Materials Management - Supply Chain

Primary Location: Europe, Middle East, Africa-HU-BU-Budapest

Job Type: Standard

Schedule: Full-time

Shift: 1st (Day) Shift

Job Number: 2415058