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Senior Procurement Specialist

4.00 to 10.00 Years   Riyadh, Saudi Arabia   10 Jun, 2024
Job LocationRiyadh, Saudi Arabia
EducationNot Mentioned
SalaryNot Mentioned
IndustryHeavy Industry & Metallurgy
Functional AreaNot Mentioned

Job Description

A leading company in Riyadh, Saudi Arabia is looking for a Senior Procurement Specialist to join their team. The ideal candidate will have a minimum of 1-5 years of experience in procurement and possess strong analytical and negotiation skills. The Senior Procurement Specialist will be responsible for managing the procurement process, identifying cost-saving opportunities, and maintaining relationships with suppliers.Responsibilities:? To follow and implement all the procurement plans, policies, and procedures as per the Procurement strategy and guidelines and procurement best practices.

  • Identify value creation opportunities by developing a deep understanding of each relevant business unit?s requirements, challenges, and opportunities, and leveraging these insights to create and implement savings initiatives
  • Leverage opportunities to lower the total cost of ownership or increase the value to the business while ensuring supply
  • Assign initiative owners for category-aligned spend initiatives; provide category expertise and help guide initiative savings execution and pull through
  • Use knowledge of global suppliers and processes to bring opportunities.
  • Benchmark against competitors and promote supplier-led innovation to unlock value
  • Use insights and trends to liaise strategically with the business, factories, and suppliers
  • Define risk management strategies for the business and promote mitigation activities to reduce the chance of disruption
  • Proactively manage supplier relationships resulting in a reduction of contractual risks
  • Clearly communicate risks and issues to key stakeholders, knowing when and to whom to escalate significant issues
  • Suggest improved ways of working, introducing new processes, or re-engineering existing ones in support of key priorities
  • Recognize strategic drivers and activities that support key priorities, both within your category and across the organization
  • Leverage intelligence tools and participate in professional associations to learn best practices and industry trends; apply the learnings to the category strategies to drive continuous improvement
  • Comply with all Procurement and company policies, procedures, and practices, and promote adherence across the organization
  • Apply project management principles to drive cross-functional teams in effective and efficient delivery of business objectives for both day to day activities and key projects
? Support the commercial negotiating with shortlisted vendors and ensure the bestterms and conditions for the company benefits.? Prepare the purchase order and the related formalities for the selected vendor andensure all approvals are in place in accordance with the procurement policy.? Following up with suppliers/manufacturers to ensure that execution of the purchaseorders are according to the agreed terms and especially the delivery period, placeand documentation.? Tracking the equipment/materials delivery and subcontract progress ensuringdelivery as per the purchase order delivery schedule.? Liaising with the supplier and finance department to execute the agreed paymentterms as per the agreement with the vendors.? Preparation of weekly, monthly, and quarterly progress reports as required by themanagement.? Represent the company in front of the vendors and subcontractors demonstrating thecompany culture and values.

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