About the role
We know life looks a little different for each of us. That’s why at Tesco, we always welcome chats about flexible working. Some people are at the start of their careers, some want the freedom to do the things they love. Others are going through life-changing moments like becoming a carer, nearing retirement, adapting to parenthood, or something else. Please talk to the Hiring Manager about how they can support you.
We are seeking an experienced and strategic Ingredients Buying Manager to join our dynamic ingredients team.
This role is pivotal in delivering commodity risk management, joint buying, market insights, and strategic cost projects across various categories and the broader business. The successful candidate will manage multiple cost models, negotiate with suppliers, and work closely with cross-functional teams to optimise costs and drive value.

You will be responsible for

• Leading the Prepared Cost Models: Oversee and manage 16 cost models across 5 suppliers, accounting for £1.2 billion in Cost of Goods (COGs).
• Ability to scope, develop and implement our strategy for Ingredients across the total business, identifying new ingredients opportunities for joint sourcing.
• Analyse cost models to identify savings opportunities. Implement better buying strategies such as joint and group buys. Collaborate with commodity risk managers to enhance purchasing strategies and cost savings.
• Forecasting and managing budgets effectively, delivering to profit targets. Quarterly re-anchor cost models to ensure minimal impact on Profit and Loss statements.
• Perform monthly forecasting on live rebates. Provide annual projections on inflation and deflation to inform financial planning.
• Working with suppliers and categories to build strong Buy/Move plans that ensures our products are manufactured, moved & sold in the most efficient way possible.
• Present findings and insights to category teams in an accessible and comprehensible manner. Communicate effectively with key stakeholders to ensure accurate cost model management in their forecasts.
• Adhering to all Tesco policies, storage and hand-over protocols and successfully completing all the training so that you have zero GSCOP breaches. Ensuring all agreements are recorded in writing, reporting GSCOP complaints to Legal within 48 hours of receipt, and leading a culture of compliance within the team.
• Following our Business Code of Conduct and always acting with integrity and due diligence.

You will need

• Commercial Buying experience and Strategic Cost Management experience.
• Supplier Negotiation and Relationship Management.
• Financial Forecasting and Analysis experience.
• Previous experience with P&L Management.
• Stakeholder Management experience.
• Analytical Thinking and Problem-Solving and Data analysis experience.

LI - EF1

LI - Hybrid

About us
Our vision at Tesco is to become every customer’s favourite way to shop, whether they are at home or out on the move. Our core purpose is ‘Serving our customers, communities and planet a little better every day’. Serving means more than a transactional relationship with our customers. It means acting as a responsible and sustainable business for all stakeholders, for the communities we are part of and for the planet.
We are proud to have an inclusive culture at Tesco where everyone truly feels able to be themselves. At Tesco, we not only celebrate diversity, but recognise the value and opportunity it brings. We’re committed to creating a workplace where differences are valued, and make sure that all colleagues are given the same opportunities. We’re proud to have been accredited Disability Confident Leader and we’re committed to providing a fully inclusive and accessible recruitment process. For further information on the accessibility support we can offer, please click here.
We’re a big business and we can offer a range of diverse full-time & part-time working patterns across our many business areas, which means that we can find something that works for you. We work in a more blended pattern -combining office and remote working. Our offices will continue to be where we connect, collaborate and innovate.
What’s in it for you

We’re all about the little helps. That’s why we give our wonderful colleagues bags of benefits. Including wellbeing services, an award-winning pension scheme and much, much more, our colleague reward package keeps on giving. And helps make every day a little better for you and your family. These include but are not limited to:

• Annual bonus scheme of up to 20% of base salary
• Holiday starting at 25 days plus a personal day (plus Bank holidays)
• Buy holiday salary sacrifice scheme (for salaried roles)
• Private medical insurance
• Retirement savings plan - save between 4% and 7.5% and Tesco will match your contribution
• Life Assurance - 5 x contractual pay
• 26 weeks maternity and adoption leave (after 1 years’ service) at full pay, followed by 13 weeks of Statutory Maternity Pay or Statutory Adoption Pay, we also offer 4 weeks fully paid paternity leave
• The right to request flexible working from your first day with us
• Free 24/7 virtual GP service, Employee Assistance Programme (EAP) for you and your family, free access to a range of experts to support your mental wellbeing
• A Colleague Clubcard for you & a family member (after 3 months of service), giving you access to lots of discounts in-store & online
• Great colleague deals and discounts, saving you money on everyday purchases, eating out and utility bills for the home
• Access to our colleague networks providing a space for colleagues to come together from a range of backgrounds. For more information about our colleague networks please click here
• Opportunities to get on - take advantage of our ongoing learning opportunities and award-winning training, to help you achieve the job and career you want

Click Here to read more about the full range of benefits we have available for our colleague

• Leading the Prepared Cost Models: Oversee and manage 16 cost models across 5 suppliers, accounting for £1.2 billion in Cost of Goods (COGs).
• Ability to scope, develop and implement our strategy for Ingredients across the total business, identifying new ingredients opportunities for joint sourcing.
• Analyse cost models to identify savings opportunities. Implement better buying strategies such as joint and group buys. Collaborate with commodity risk managers to enhance purchasing strategies and cost savings.
• Forecasting and managing budgets effectively, delivering to profit targets. Quarterly re-anchor cost models to ensure minimal impact on Profit and Loss statements.
• Perform monthly forecasting on live rebates. Provide annual projections on inflation and deflation to inform financial planning.
• Working with suppliers and categories to build strong Buy/Move plans that ensures our products are manufactured, moved & sold in the most efficient way possible.
• Present findings and insights to category teams in an accessible and comprehensible manner. Communicate effectively with key stakeholders to ensure accurate cost model management in their forecasts.
• Adhering to all Tesco policies, storage and hand-over protocols and successfully completing all the training so that you have zero GSCOP breaches. Ensuring all agreements are recorded in writing, reporting GSCOP complaints to Legal within 48 hours of receipt, and leading a culture of compliance within the team.
• Following our Business Code of Conduct and always acting with integrity and due diligence