Vacancy - Contract Buyer - Consumables - Princess Yachts

Princess Yachts
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Current Vacancy

Job Title: Contract Buyer
Reports to: Purchasing Manager - Contracts
Department: Purchasing

Resource Responsibilities

  • Responsible for the cost management of commodity groups for a supplier spend in excess of £100m with primary focus on consumables spend of approximately 7 million
  • Operating headcount - 0
  • Lead the maintenance/management of Princess Yachts suppliers to support the needs of the business and select best in class suppliers
  • To manage the total cost of acquisition and support the needs of PYI for responsible accounts
  • Adhere to all aspects of Princess Yachts procedures and practices
  • Support areas of the purchasing department and other departments/areas as appropriate

Main Purpose Of Role

To ensure the supply of purchased parts to production facilities in line with the business needs in the most cost effective & time critical way whilst ensuring the best P&L for the business

Responsibilities / Tasks 

  • Review and understand commodity and market pricing via analysis of raw material fluctuations, currency movement and market trends/demands to support cost reduction via negotiation, internal waste reduction projects & design/development improvements
  • Negotiate long term contracts, manage supply base and instigate supplier improvement programmes
  • Work closely with development and engineering teams in evaluating new products & technology to obtain best market pricing
  • Undertake make or buy scenarios, local cooperative purchasing and implement as necessary
  • Adhere to administration systems ensuring agreed processes of the purchase cycle such as order format, delivery schedules etc are complied with
  • Undertake training to ensure that the required standards are achieved. Support improvement projects including Six Sigma initiatives
  • Report on a monthly basis all cost reduction achievements, rolling project programmes and all key performance indicators. To mitigate price increases imposed on the business from the supply base. Update and control of visual KPIs and 5S audits boards
  • Act as an Ambassador for Princess Yachts, operating with integrity and drive appropriate to the Company’s values, to promote Princess as a market leader
  • VMI supplier management, on site audits, supplier reviews
  • Management of consumable budgets for an areas of business
  • Monitoring and analysis of spend against budget
  • Monthly invoice checking against price list, volume comparison
  • Project collaboration with major suppliers, liaise with boat/unit managers, track progress
  • Validation of new products required for production 


  • Cost reduction / Cost Increase management and reporting on a PO to PO basis
  • Cost Reduction Savings- Process & Waste, Development & Engineering, Cost of Quality
  • Inventory Reduction – Number of Suppliers on inventory reduction programmes and value of product &
  • Contract Status: (suppliers under contract) and agreed price structures

Strategic Interface

Interface with all areas of the business including assembly, supply chain, development, engineering and external suppliers

Person Specification

  • Experience in the complete ‘Purchase Cycle’ and MRP systems
  • CIPS or equivalent qualifications preferred
  • Computer literate in prime Microsoft applications
  • The ability to communicate well at all levels by showing good presentation skills with a willingness to embrace change
  • Data driven with good negotiation skills supported by a desire to achieve best market pricing
  • An understanding of budgets and manufacturing, ideally with a background in marine or luxury brands

If you are interested in applying for this position, please click on this link to forward a completed application pack with a covering letter.

Download an application pack

+ Contact the Recruitment Team



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