Procurement Specialist

Waed Ventures; Saudi Arabia; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading investment firm in Saudi Arabia is seeking a Procurement Manager to oversee planning and executing procurement activities. The role includes managing supplier relationships, negotiating contracts, and ensuring compliance with policies. Candidates should have 5-10 years of experience and a Bachelor's degree in Business Management or related fields, along with strong analytical and problem-solving skills.

Qualifications

• 5-10 years of experience in procurement roles.
• Strong analytical thinking and problem-solving capabilities.

Responsibilities

• Manage procurement activities and support stakeholders.
• Draft proposals for repeated purchases to create value.
• Develop and execute sourcing strategies.
• Monitor supplier relationships and resolve disputes.

Skills

Analytical thinking

Problem-solving

Education

Bachelor's in Business Management

Industrial Engineering

Job description

Job Purpose

This position will be responsible for all planning, and executing procurement activities, including Contracts drafting, execution, and management, by analyzing costs, negotiating contract details, and offering strategies and solutions to help manage costs on supplies and services. Managing inventory, tracking orders, and resolving issues concerning price disputes.

Functional Duties

• Manage Procurement Activities Support relevant stakeholders regarding appropriate processes (scope of work, material specification, estimation) Draft proposal to convert repeated purchases into contracts for value creation Develop and execute sourcing strategies for mid - high spend items Develop pricing structures Value creation (price Negotiation, delivery time, and/or cost avoidance) Performs risk assessment of Terms and condition deviations Review invoices and cross-check approved purchasing orders Monitor contract and purchasing order consumption and spend preparing RFQs, reviewing proposals, negotiating prices, selecting or recommending suppliers, analyzing trends, developing cost estimates, following up on orders placed, and maintaining necessary records.
• Receive bids and arrange formal bid opening where applicable Maintain a tender control log Formulate and agree with Bid Evaluation Plan Distribute, check and carry out a commercial evaluation of bids Prepare quotation summaries, and quotation summary variations and make recommendations Work closely with Finance, Legal and Internal Audit to ensure full compliance with policies, procedures, and controls for all contracts and procurement of materials.
• Monitoring and Maintaining Supplier Relationships through registration and performance review Create and document all procurement activities for audit purposes Resolve all Contractor disputes in coordination with Finance, Legal, Internal Audit, and concern proponent.

Qualifications

Experience 5-10 Years Bachelor's in Business Management and Administration, industrial engineering, or any related major with strong Analytical thinking and problem-solving.