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Procurement Director

10.00 to 18.00 Years   Riyadh, Saudi Arabia   15 Apr, 2024
Future Careers Middle East Freezone LLC
1 Jobs Openings
Job LocationRiyadh, Saudi Arabia
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryFMCG
Functional AreaNot Mentioned

Job Description

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 companys 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.

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