Procurement Specialist

National Company for Business Solutions - NCBS; Riyadh; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading business solutions provider in the Riyadh Region is seeking a Procurement Specialist to manage procurement processes, negotiate contracts, and enhance supply chain efficiency. The ideal candidate will possess strong analytical skills and experience in vendor management, ensuring the organization acquires goods and services at optimal prices. This role offers a dynamic work environment focused on strategic sourcing and relationship building with suppliers.

Qualifications

• Strong analytical and problem-solving skills.
• Excellent negotiation and communication abilities.
• Proficiency in procurement software and tools.

Responsibilities

• Develop and implement procurement strategies.
• Conduct market research to identify suppliers.
• Negotiate contracts and agreements with vendors.

Skills

Procurement and supply chain management software

Strong negotiation skills

Analytical skills

Effective communication skills

Market research techniques

Financial data analysis

Organizational skills

Legal compliance knowledge

Job description

The Procurement Specialist plays a crucial role in the Business Support Services sector by managing the procurement process and ensuring that the organization acquires goods and services at the best possible prices. This position involves strategic sourcing, vendor management, and contract negotiation to optimize the supply chain and reduce costs. The ideal candidate will possess strong analytical skills and a keen understanding of market trends to make informed purchasing decisions.

Responsibilities

1. Develop and implement procurement strategies that align with organizational goals.
2. Conduct market research to identify potential suppliers and evaluate their offerings.
3. Negotiate contracts and agreements with vendors to secure favorable terms.
4. Monitor supplier performance and maintain strong relationships to ensure quality and reliability.
5. Manage the procurement budget and track expenditures to ensure compliance with financial guidelines.
6. Collaborate with internal departments to understand their procurement needs and provide support.
7. Prepare and maintain procurement documentation and reports for management review.
8. Ensure compliance with legal and regulatory requirements in all procurement activities.
9. Identify opportunities for cost savings and process improvements within the procurement function.
10. Stay updated on industry trends and best practices to enhance procurement strategies.

Preferred Candidate

1. Strong analytical and problem-solving skills.
2. Excellent negotiation and communication abilities.
3. Proficiency in procurement software and tools.
4. Ability to work collaboratively in a team-oriented environment.
5. Attention to detail and strong organizational skills.
6. Experience in vendor management and relationship building.
7. Ability to adapt to changing market conditions and organizational needs.
8. Knowledge of supply chain management principles.
9. Strong ethical standards and integrity in procurement practices.
10. Ability to manage multiple projects and deadlines effectively.

Skills

• Proficient in procurement and supply chain management software.
• Strong negotiation and contract management skills.
• Excellent analytical and quantitative skills.
• Effective communication and interpersonal skills.
• Knowledge of market research techniques and supplier evaluation.
• Ability to analyze financial data and manage budgets.
• Strong organizational and time management abilities.
• Familiarity with legal and regulatory compliance in procurement.