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Senior Procurement Analyst

5.00 to 8.00 Years   Riyadh, Saudi Arabia   11 Aug, 2024
Confidential Company
1 Jobs Openings
Job LocationRiyadh, Saudi Arabia
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryIndustrial Production
Functional AreaNot Mentioned

Job Description

A Procurement Analyst plays a crucial role in supporting the procurement function within an organization. Their responsibilities involve analyzing data, conducting market research, and providing insights to optimize the procurement process. He plays a vital role in supporting the procurement team by providing valuable insights.

  • Collect, analyse, and interpret data related to procurement activities.
  • Utilize statistical and analytical tools to identify trends, patterns, and opportunities for cost savings.
  • Conduct market research to identify potential suppliers, assess market conditions, and stay informed about industry trends.
  • Evaluate supplier capabilities, pricing, and performance.
  • Analyse costs associated with procurement, including product or service costs, shipping, and other related expenses.
  • Identify opportunities for cost reduction and process improvement.
  • Assess and evaluate supplier performance based on key performance indicators (KPIs) and contractual agreements.
  • Provide recommendations for supplier selection, negotiation, and relationship management.
  • Prepare and generate regular reports on procurement metrics, cost savings, and key performance indicators.
  • Present findings to procurement managers/head and other stakeholders.
  • Assist in drafting, reviewing, and managing procurement contracts.
  • Ensure compliance with contractual terms and conditions.
  • Identify inefficiencies in the procurement process and recommend improvements.
  • Work collaboratively with the procurement team to implement process enhancements.
  • Monitor and report on potential risks in the supply chain.
  • Ensure compliance with organizational policies, industry regulations, and ethical standards.
  • Stay informed about changes in relevant laws and regulations.
  • Collaborate with cross-functional teams, including finance, operations, and legal, to support procurement initiatives.
  • Assist in managing relationships with suppliers, addressing issues, and fostering positive collaborations.
  • Participate in supplier performance reviews.
  • Use procurement software and technology tools to streamline processes and improve efficiency.
  • Clearly communicate findings, recommendations, and insights to both technical and non-technical audiences.
  • Manage and contribute to specific projects within the procurement function and ensure timely and successful completion of assigned tasks.

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