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Job Description

Develop and implement procurement strategies, policies, and procedures to optimize the procurement process and ensure cost-effectiveness.

• Lead and manage the procurement team, providing guidance and support to achieve team objectives.

• Identify and evaluate potential vendors and suppliers, assessing their capabilities, reliability, and product quality.

• Negotiate favorable terms and conditions with vendors, including pricing, delivery schedules, and payment terms, ensuring compliance with legal and contractual obligations.

• Maintain strong relationships with existing suppliers and manage supplier performance, conducting regular performance reviews and addressing any issues or concerns.

• Conduct market research and analysis to identify new trends, suppliers, and cost-saving opportunities.

• Collaborate with cross-functional teams, including finance, operations, and quality assurance, to ensure alignment and integration of procurement activities.

• Monitor inventory levels, lead times, and order cycles to optimize inventory management and minimize stockouts or excessive inventory holding.

• Develop and maintain appropriate procurement documentation, such as purchase orders, contracts, and supplier agreements.

• Stay up to date with industry regulations and best practices in procurement, implementing necessary changes to ensure compliance and efficiency.

• Conduct regular cost analysis and cost reduction initiatives to achieve savings targets.

• Lead or participate in supplier sourcing and evaluation processes to ensure a reliable and diverse supplier base.

Job Details

Job Location
Riyadh Saudi Arabia
Company Industry
IT Services
Company Type
Unspecified
Job Role
Purchasing and Procurement
Employment Type
Full Time Employee
Monthly Salary Range
Unspecified
Number of Vacancies
1

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