Sourcing & Procurement Junior Principal

Purpose of the position:

To manage the full cycle of sourcing and procurement for goods and services that meet Talentnet’s operational and strategic needs. This includes identifying reliable suppliers, negotiating competitive terms, and ensuring quality, cost efficiency, and compliance with company policies.

Job Accountabilities:

Planning and requirements

• Consolidate purchasing needs, event schedules and contract/subscription renewals; propose plans for the manager’s review and prioritization.
• Clarify scope, technical/service requirements, budget, deadlines and acceptance criteria; check request documents and Business Case, quotation, bidding and specialist review requirements.

Sourcing Plan & Execution

• Identify and develop qualified suppliers for products and services across categories.
• Conduct market research, benchmarking, and supplier mapping to support sourcing decisions.
• Initiate and manage RFQ/RFP processes, ensuring clear specifications and evaluation criteria.
• Assess supplier capabilities, capacity, and financial stability before onboarding.
• Build and maintain a preferred supplier list to optimize quality, pricing, and service levels.

Procurement Operations

• Execute purchase requisitions and purchase orders in line with approved budgets and timelines.
• Manage supplier performance, ensuring adherence to contract terms, delivery schedules, and quality standards.
• Coordinate with internal departments to align procurement plans with operational needs.
• Resolve any supply disruptions, quality issues, or contract disputes.

Vendor Management & Negotiation

• Negotiate contracts, pricing, payment terms, and service agreements to secure the best value for Talentnet.
• Develop long-term relationships with key vendors to ensure reliability and collaboration.
• Conduct regular vendor performance reviews, including KPIs and improvement plans.

Cost Optimization & Compliance

• Drive cost reduction initiatives through strategic sourcing, consolidation, and demand management.
• Monitor market trends to identify savings opportunities and mitigate supply risks.
• Ensure compliance with procurement policies, ethical standards, and legal requirements.

Reporting & Documentation

• Maintain accurate procurement and sourcing records for audits and internal reporting.
• Provide management with regular reports on spend analysis, supplier performance, and sourcing pipeline.
• Track and report on key sourcing and procurement KPIs.

• Bachelor’s degree in business administration, Supply Chain, Procurement, or related fields.
• 5 years+ of experience in sourcing and procurement.
• Strong vendor negotiation, relationship management, and analytical skills.
• Solid understanding of sourcing planning, contract management, and procurement best practices.
• Strong attention to detail and ability to manage multiple priorities.
• Good problem-solving and communication skills.
• Proficiency in MS Office and ERP/procurement platforms.
• Proactive, collaborative, and growth-oriented mindset.
• Good in English (4 skills)