First things first – what is Commercial Procurement?
‘Procurement refers to the major function of an organization that is responsible for acquisition of required materials, services and equipment… the act of buying goods and services’ Wiki Quote
‘Procurement is a business management function that identifies, sources, accesses and manages the external resources (materials, services and equipment) that an organisation needs to fulfil its strategic objectives’. Commercial Manager
Our Commercial Procurement function is responsible for implementing and managing contractual requirements with TfL’s supply base of over 3 thousand suppliers, accounting for roughly £6bn spend per year.
As well as procuring key services on behalf of the Greater London Authority (GLA) functional bodies (including the Metropolitan Police and Fire Brigade), Commercial also engages closely with the Mayor’s office and London Boroughs on major capital projects and operating contracts across the Capital. We also work with Network Rail when it is appropriate to align our practices and approach to the market.
Commercial purchases products including New trains, hydrogen buses, sponsorship and advertising, catering and cleaning, CCTV, electricity, trains, line upgrades and station upgrades. Commercial also sources materials, and provides maintenance services for buses, roads, track, signals and stations.
How long: 2 years
What you’ll need:
- A minimum of 5 GCSE’s Grade A* – C or Grade 4 and above including Maths and English language plus 2 A-Levels grade A* – D (or equivalent)
- To be 18 years of age by 1 September 2019 to be eligible for this scheme
What we’re looking for:
- Driven to succeed both personally and for the business
- Strong communicators
Motivated to add value
Covering a variety of areas, including contracts for purchasing new trains and technology, advertising and station upgrades, this is a fascinating start to a commercial career with plenty of scope.
Our suppliers include the Metropolitan Police, London Fire Brigade, London borough councils and Network Rail.
Procurement is the vital function of an organisation that is responsible for sourcing required materials, services and equipment. We buy the assets and services that the company needs to operate.
Without us, TfL would not have the tools it needs to fulfil its strategic objectives.
What will I be doing?
Some of the placements you could complete include Rail Operations, Surface, Tech & Data, Corporate Services, Buildings & Infrastructure and Strategy, Planning & Governance.
You’ll develop a broad understanding of how TfL’s core business areas operate.
Each placement will see you undertaking a wide variety of responsibilities that increase with your development on the scheme.
You’ll start by learning simple procurements to understand the business; by the end of the scheme you will be running tenders, processing payments, managing contracts and engaging with stakeholders and suppliers, and will have an extensive understanding of commercial thinking and strategies.
Where can this career take me?
You could progress into a Commercial Officer or Assistant Commercial Manager role.
Successfully completing the Level 4 Diploma means you’ll become eligible for membership at the Chartered Institute of Procurement and Supply (CIPS).