Procurement Performance Management Analyst

Objective

The role holder is responsible for managing and monitoring supplier performance, identifying areas of improvement, and developing corrective plans to enhance procurement operations. The Performance Management Specialist plays a crucial role in optimizing procurement processes and fostering productive supplier relationships.

General Responsibilities

• Monitor and evaluate the performance of suppliers to identify areas for potential improvement.
• Develop corrective plans to minimize risks and enhance the efficiency of procurement operations.
• Work toward the continuous improvement of procurement operations to increase effectiveness and efficiency.
• Lead efforts in market intelligence and benchmarking to improve procurement performance and stay informed about industry trends.
• Manage the supplier relationship management process, ensuring productive and strategic partnerships.
• Provide functional business support in areas related to procurement performance management.
• Collaborate with various procurement clusters, such as Drilling, Chemicals, Electrical / Instrumentation / IT, Machinery & Static Equipment, and Cluster HSSE / Facilities / Others, to define operational requirements efficiently and effectively.
• Ensure continuous improvement in procurement service delivery and support policies, processes, and procedures by assessing the effectiveness of procurement processes.
• Implement Six Sigma and lean methodology in procurement and supply chain operations.
• Benchmark procurement processes with market standards and develop a procurement market research framework in line with strategic sourcing functions.
• Implement a performance management process and lead the cascading of Key Performance Indicators (KPIs) in collaboration with the Finance team.
• Ensure that contractual incentives and penalties are linked to vendor performance indicators and support the monitoring of adherence to agreed-upon performance indicators.
• Develop measures and reports on metrics to track procurement performance and measure value creation and efficiency.
• Provide support for strategic sourcing projects and define guidelines for buyers to avoid exchange rate issues.
• Recommend training and development interventions for team members to build their capabilities.
• Contribute to the identification of opportunities for the continuous improvement of systems, processes and practices to increase productivity and operational efficiency.
• Implement all relevant Department’s policies, processes, procedures and instructions so that work is carried out in a controlled and consistent manner.
• Contribute to the preparation of timely and accurate reports to meet departmental requirements, policies and standards.

Qualifications

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