Procurement Business Partner

Welcome to Philips, a global leader in healthcare technology and innovation. We are seeking a dynamic and results-driven Procurement Business Partner to join our team. As a Procurement Business Partner, you will play a vital role in supporting our business by developing strategic procurement plans, managing supplier relationships, and driving cost savings. We are looking for a proactive and collaborative individual with a strong business acumen and a passion for driving change. If you have experience in procurement and a desire to make a real impact in a fast-paced environment, we would love to hear from you.

1. Develop and execute strategic procurement plans to support the overall business objectives of Philips.
2. Identify cost-saving opportunities by analyzing current supplier contracts and negotiating favorable terms.
3. Build and maintain strong relationships with suppliers to ensure timely delivery of goods and services, as well as to mitigate any potential risks.
4. Collaborate with cross-functional teams to understand their procurement needs and provide solutions to meet those needs.
5. Conduct market research and stay updated on industry trends to identify potential new suppliers and cost-saving opportunities.
6. Develop and implement procurement policies and procedures to ensure compliance with company standards and regulations.
7. Monitor and report on key performance indicators to identify areas for improvement and implement corrective actions.
8. Stay updated on industry best practices and make recommendations for process improvements to drive efficiency and cost savings.
9. Serve as a subject matter expert on procurement processes and provide guidance and training to team members as needed.
10. Collaborate with finance and contract management teams to ensure accurate and timely payment to suppliers.
11. Ensure compliance with all legal and ethical standards in procurement processes.
12. Participate in supplier performance reviews and provide feedback to suppliers to improve service and quality.
13. Proactively identify potential risks and develop contingency plans to mitigate them.
14. Monitor and analyze market trends to identify potential risks and opportunities for the business.
15. Continuously evaluate and improve procurement processes to enhance efficiency and effectiveness.

According to JobzMall, the average salary range for a Procurement Business Partner in Bothell, WA, USA is between $85,000 and $100,000 per year. This may vary depending on factors such as the specific company, industry, level of experience, and qualifications of the individual.

Royal Philips is a health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. The company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care.