Procurement Category Manager - Travel, Meeting & Events

Group Procurement is responsible for managing third-party supplier engagements, partnering with the business to drive high performance and sustainable value from our supplier relationships. We aim to make LSEG easier and more attractive to do business with and we consider our suppliers as a source of competitive advantage and not just about cost., The Category Manager for Travel, Meeting &Events will develop and implement a comprehensive procurement strategy for Travel, M&E management across all regions. This role ensures cost efficiency, quality of service delivery, and compliance with company's policies. The role will perform a combination of sourcing, supplier relationship management and business partnering activities, with an emphasis on sourcing for some of the above categories.,

• Develop and implement a global category strategy for travel (air, hotel, ground transport) and corporate Meeting & Events
• Define, gain agreement to and implement strategic sourcing plans for Travel, Meeting & Events category, and sourcing initiatives in support of defined business goals and business roadmaps that also align with LSEG's sustainability goals
• Lead the implementation of strategic and preferred suppliers for the Category and drive downwards the number of active suppliers.
• Implement a programme of supplier categorisation to drive value and focus and lead supplier negotiation and contract management
• Use internal and external data and analysis, relationships and specialist insight to provide a clear expert view on business investment decisions (e.g. spend analysis, supply markets, sourcing value levers, supply market reviews, business case assessments etc.), to stimulate innovative problem solving within the business
• Develop and commit to performance targets and provide reporting in line with business compliance and procedures, provide support to business
• Anticipate future procurement challenges, ensuring the business is equipped with the right strategies to deliver the best possible commercial outcomes
• Lead and drive strategic sourcing engagement for the Category, focusing on commercial and contractual negotiations, working with internal business partners and legal colleagues
• Provide an advisory service within a matrix orientated business by utilising an appropriate level of commercial expertise and competence to ensure cost management and functional discipline
• Lead the delivery of a breadth of procurement initiatives, of varying complexity and value, using outstanding sourcing solutions
• Work with the business to ensure strategic SRM is considered in all procurement decisions, facilitating the handover into the contract management team and providing ongoing support and insight to address challenges with incumbent suppliers
• Ongoing proactive review of existing Category arrangements in collaboration with business executives and responsibility centre owners, to include ownership of the Category policy to ensure full compliance and least cost
• Ensure appropriate risk mitigation strategies are an intrinsic part of sourcing decisions and contract management including contractual protections and ongoing supplier risk management
• Act as a business partner to relevant internal business partners in the Category, by understanding business strategy and providing creative challenge and thought leadership, which influences and supports business decision-making
• Lead SRM of strategic supplier relationships (business critical and high spend), leading all key commercial and governance aspects. Facilitate regular supplier review meetings as well as joint steering group meetings with senior internal business partners. Lead supplier risks and issues
• Facilitate workload management and prioritisation processes to ensure that resource is passionate about the highest value opportunities in commercial risk management and cost benefit terms
• Maintain Procurement systems and tools (e.g. pipeline management tool, savings tracker, supplier and contract databases, Category spend metrics), identifying and acting upon forthcoming renewals as required and identifying future cost reduction opportunities
• Ensure compliance with corporate product, procedural, regulatory, quality, environmental and corporate social responsibility policies
• Assist in the development of the team and the wider Group Procurement function across LSEG and different geographies
• Identify the implications of a change and facilitate the variation of the contract
  
  Extensive procurement and category management experience and industry / market knowledge relating to Indirect Procurement and more specifically Travel, Meeting & Events including subcategories such as Air, Hotels, Sustainability, Venue Sourcing, Client Entertainment, Events Management, Sponsorships
• Strong knowledge of Travel and M&E supplier market and experience of dealing and negotiating with the major market agencies, both commercially and contractually;
• Strong financial competence and cost management skills, ability to assess the risk of contracting with an organisation based on a review of their company accounts
• Familiar and comfortable with intermediate IT tools and Procurement systems, ability to provide management information to assist sourcing and contract management process
• Consistent record of running and leading business change and the transformation of business relationships, influence and act as an expert across the organisation
• Demonstrated analytical, problem solving, project management and decision-making skills in a senior sourcing leadership capacity for a major corporation,
• Pro-active behaviour that demonstrates initiative and positive work ethic to ensure activities are delivered to the required time, budget and quality
• Coaching and mentoring less experienced resources (e.g. buyers)
• Excellent communication skills (written and verbal) including the ability to produce compelling narratives to guide internal business partners to sound decision-making
• Educated to degree level and/or ideally procurement / supply operation qualification, e.g. MCIPS or IAACM.
  
  LSEG (London Stock Exchange Group) is more than a diversified global financial markets infrastructure and data business. We are dedicated, open-access partners with a dedication to excellence in delivering the services our customers expect from us. With extensive experience, deep knowledge and worldwide presence across financial markets, we enable businesses and economies around the world to fund innovation, manage risk and create jobs. It's how we've contributed to supporting the financial stability and growth of communities and economies globally for more than 300 years. Through a comprehensive suite of trusted financial market infrastructure services - and our open-access model - we provide the flexibility, stability and trust that enable our customers to pursue their ambitions with confidence and clarity.
LSEG is headquartered in the United Kingdom, with significant operations in over 60 countries across EMEA, North America, Latin America and Asia Pacific. We employ 25,000 people globally, more than half located in Asia Pacific. LSEG's ticker symbol is LSEG. Our people: People are at the heart of what we do and drive the success of our business. Our values of Integrity, Partnership, Excellence and Change shape how we think, how we do things and how we help our people fulfil their potential. We embrace diversity and actively seek to attract individuals with unique backgrounds and perspectives. We break down barriers and encourage teamwork, enabling innovation and rapid development of solutions that make a difference. Our workplace generates an enriching and rewarding experience for our people and customers alike. Our vision is to build an inclusive culture in which everyone feels encouraged to fulfil their potential. We know that real personal growth cannot be achieved by simply climbing a career ladder - which is why we encourage and enable a wealth of avenues and exciting opportunities for everyone to broaden and deepen their skills and expertise. As a global organisation spanning over 60 countries and one rooted in a culture of growth, opportunity, diversity and innovation, LSEG is a place where everyone can grow, develop and fulfil your potential with meaningful careers., LSEG is a leading global financial markets infrastructure and data provider. Our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth. Our purpose is the foundation on which our culture is built. Our values of Integrity, Partnership, Excellence and Change underpin our purpose and set the standard for everything we do, every day. They go to the heart of who we are and guide our decision making and everyday actions. Working with us means that you will be part of a dynamic organisation of 25,000 people across 65 countries. However, we will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce. You will be part of a collaborative and creative culture where we encourage new ideas and are committed to sustainability across our global business. You will experience the critical role we have in helping to re-engineer the financial ecosystem to support and drive sustainable economic growth. Together, we are aiming to achieve this growth by accelerating the just transition to net zero, enabling growth of the green economy and creating inclusive economic opportunity. LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives. We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone's race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Please take a moment to read this privacy notice carefully, as it describes what personal information London Stock Exchange Group (LSEG) (we) may hold about you, what it's used for, and how it's obtained, your rights and how to contact us as a data subject. If you are submitting as a Recruitment Agency Partner, it is essential and your responsibility to ensure that candidates applying to LSEG are aware of this privacy notice.