Vacancy - Graduate Contract Buyer - Princess Yachts

Princess Yachts
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Current Vacancy

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

Resource Responsibilities

  • 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 Princess Yachts 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 and services 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 and design/development improvements
  • Negotiate long term contracts, manage supply base and instigate supplier improvement programmes
  • Work closely with development & 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
  • 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
  • Support improvement projects including Six Sigma initiatives
  • Update and control of visual KPI’s 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


  • 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

  • Educated to degree level in a relevant subject area
  • Computer literate with sound knowledge of Microsoft Office 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
  • A basic understanding of budgeting is desirable
  • Knowledge of the complete ‘Purchase Cycle’ and MRP systems is desirable

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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