Procurement Director

An excellent opportunity awaits a highly experienced Director of Procurement to join a Riyadh-based global client. Managing and overseeing all activities of the Procurement and Contracting function to develop and align functional strategy and objectives

• Develop, monitor, and implement departmental policies and procedures.
• Manage allocated annual departmental budget by controlling expenditures, cost reduction initiatives, and reporting variances in actual versus budget.
• Establish and manage an effective vendor prequalification process for the creation of an Approved Vendors List.
• Prepare periodic performance reports.
• Manage and oversee purchasing analysis studies.
•  Liaise with companies’ management to understand their future procurement needs.
• Manage the preparation of procurement statistical reports.
• Direct, and lead the preparation of Request for Quotations, Request for Proposals, and relevant documents and oversee the process of evaluating offers and determining successful vendors.
• Review all contract/ agreement provisions.
• Follow up and resolve discrepancies in invoices with concerned vendors and ensure maintenance of comprehensive record system.
• Close collaboration with different departments to evaluate their procurement requirements, predict demand, and create streamlined procurement procedures in line with budgetary limitations.
• Provide guidance and leadership to all departmental staff to achieve agreed-upon targeted goals and objectives.
• Additionally, you will be instrumental in driving sustainability initiatives by identifying environmentally friendly suppliers and implementing responsible sourcing practices to align with the company's corporate social responsibility goals.
• Keep a vigilant eye on market trends, you will identify potential risks and opportunities, recommend innovative procurement solutions, and stay updated on industry best practices to continuously enhance the procurement function.
• Responsible for monitoring and analyzing vital performance indicators like cost savings, supplier performance, and compliance, providing detailed reports on procurement achievements, and spearheading ongoing enhancement endeavors across the organization.
• Track and analyze KPI’s, such as cost savings, supplier performance, and compliance, to deliver comprehensive reports on procurement successes and spearhead ongoing improvement initiatives throughout the organization.
• Monitor market trends and proactively identify potential risks and opportunities providing recommendations for innovative procurement solutions and staying updated on industry best practices to enhance the procurement function.