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Buying Manager - Ingredients - Established

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Tesco

10d ago

  • Job
    Full-time
    Senior Level

AI generated summary

  • You need commercial buying and strategic cost management experience, supplier negotiation skills, financial forecasting, P&L management, stakeholder management, and strong analytical abilities.
  • You will manage cost models, identify savings, forecast budgets, collaborate with suppliers, present insights, ensure compliance, and act with integrity in all purchasing strategies.

Requirements

  • Commercial Buying experience and Strategic Cost Management experience.
  • Supplier Negotiation and Relationship Management.
  • Financial Forecasting and Analysis experience.
  • Previous experience with P&L Management.
  • Stakeholder Management experience.
  • Analytical Thinking and Problem-Solving and Data analysis experience.

Responsibilities

  • Leading the Prepared Cost Models: Oversee and manage 16 cost models across 5 suppliers, accounting for £1.2 billion in Cost of Goods (COGs).
  • Ability to scope, develop and implement our strategy for Ingredients across the total business, identifying new ingredients opportunities for joint sourcing.
  • Analyse cost models to identify savings opportunities. Implement better buying strategies such as joint and group buys. Collaborate with commodity risk managers to enhance purchasing strategies and cost savings.
  • Forecasting and managing budgets effectively, delivering to profit targets. Quarterly re-anchor cost models to ensure minimal impact on Profit and Loss statements.
  • Perform monthly forecasting on live rebates. Provide annual projections on inflation and deflation to inform financial planning.
  • Working with suppliers and categories to build strong Buy/Move plans that ensures our products are manufactured, moved & sold in the most efficient way possible.
  • Present findings and insights to category teams in an accessible and comprehensible manner. Communicate effectively with key stakeholders to ensure accurate cost model management in their forecasts.
  • Adhering to all Tesco policies, storage and hand-over protocols and successfully completing all the training so that you have zero GSCOP breaches. Ensuring all agreements are recorded in writing, reporting GSCOP complaints to Legal within 48 hours of receipt, and leading a culture of compliance within the team.
  • Following our Business Code of Conduct and always acting with integrity and due diligence.

FAQs

What is the role of the Buying Manager - Ingredients?

The Buying Manager - Ingredients is responsible for delivering commodity risk management, joint buying, market insights, and strategic cost projects across various categories, managing cost models, negotiating with suppliers, and collaborating with cross-functional teams to optimize costs and drive value.

What experience is required for this position?

Candidates should have commercial buying experience, strategic cost management experience, supplier negotiation and relationship management, financial forecasting and analysis, previous P&L management, stakeholder management experience, and strong analytical thinking and problem-solving skills.

How many cost models will the Buying Manager be overseeing?

The Buying Manager will oversee and manage 16 cost models across 5 suppliers, accounting for £1.2 billion in Cost of Goods (COGs).

Is there flexibility in working arrangements?

Yes, Tesco encourages discussions about flexible working arrangements, allowing employees to adapt their work patterns to fit their personal needs.

What benefits does Tesco offer to its colleagues?

Tesco offers a variety of benefits, including an annual bonus scheme, starting holiday of 25 days plus a personal day, private medical insurance, retirement savings plan with matching contributions, life assurance, generous parental leave, a 24/7 virtual GP service, discounts via a Colleague Clubcard, and opportunities for ongoing learning and development.

Will I have the opportunity to communicate with key stakeholders?

Yes, part of the role includes effectively communicating findings and insights to category teams and collaborating with key stakeholders to manage cost models.

Is there a culture of compliance within the team?

Yes, the position involves adhering to all Tesco policies, maintaining GSCOP compliance, and leading a culture of compliance within the team.

What is the core purpose of Tesco as a company?

Tesco's core purpose is 'Serving our customers, communities, and planet a little better every day,' which emphasizes their commitment to responsible and sustainable business practices.

Tesco

Retail & Consumer Goods
Industry
10,001+
Employees
1919
Founded Year

Mission & Purpose

One of the world’s largest retailers of consumer goods from food to fashion. Serving our customers, communities and planet a little better every day in our stores and online is at the heart of everything we do. Founded in 1919 by Jack Cohen using the £30 he received on leaving the Royal Flying Corp, we’ve come a long way from his small market stall in East London. Today over 400,000 colleagues work across our stores, office, distribution and customer engagement centres in the UK, Europe and Asia. Share our passion for the people, products and places that make us great, and we can offer the right support to develop your skills.