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Procurement Strategist

2 months ago

Dubai, Dubai, United Arab Emirates Nejoum Al Jazeera Full time
1. Strategic Procurement Planning

Develop and implement procurement strategies that align with the company's objectives and business goals, ensuring a stable supply of goods and services.

Analyze market trends and assess risks to inform procurement decisions.

Implement cost-saving and value-added initiatives to drive business growth.

2. Supplier Management

Identify, evaluate, and select suppliers based on quality, price, and reliability, ensuring alignment with company standards.

Build and maintain strong relationships with suppliers, negotiating terms of contracts and ensuring compliance with company policies.

Monitor supplier performance and compliance with company standards, addressing any issues promptly.

3. Contract Negotiation & Management

Negotiate contracts with suppliers to ensure favorable terms, pricing, and delivery schedules, aligning with company policies and legal requirements.

Draft and manage contracts, ensuring adherence to company policies and legal requirements.

Resolve any disputes or issues arising from contracts or supplier agreements, ensuring minimal disruption to business operations.

4. Purchasing Operations

Manage and coordinate the procurement process from order to delivery, ensuring timely procurement of materials, equipment, or services.

Oversee purchase orders, invoicing, and delivery schedules to ensure smooth procurement workflows and minimize delays.

Ensure compliance with company policies and procedures, maintaining accurate records and reports.

5. Budgeting and Cost Control

Create and manage procurement budgets, ensuring expenses stay within approved limits and align with company financial goals.

Track and analyze procurement expenses to identify cost-saving opportunities and optimize procurement processes.

Implement systems to monitor and report on procurement costs, ensuring transparency and accountability.

6. Compliance and Risk Management

Ensure all procurement activities comply with internal policies, laws, and regulations, minimizing risk and ensuring business continuity.

Conduct risk assessments related to supplier reliability, quality control, and market volatility, developing mitigation strategies as needed.

Manage inventory levels to avoid excess stock or shortages, ensuring optimal supply chain management.

7. Team Management and Collaboration

Lead and manage a procurement team, setting clear goals and performance expectations, and providing training and mentorship to improve skills and performance.

Work collaboratively with other departments like finance, operations, and legal to ensure procurement aligns with broader business goals and objectives.

Develop and implement strategies to improve team performance, productivity, and morale.

8. Technology and Process Improvement

Use procurement software and tools to streamline the purchasing process, improving efficiency and reducing costs.

Implement process improvements to increase efficiency, reduce costs, and improve procurement transparency, ensuring alignment with company goals and objectives.

Stay updated on new procurement technologies and innovations, applying best practices to drive business growth.

9. Sustainability and Ethical Sourcing

Promote ethical sourcing practices by selecting suppliers that adhere to social and environmental standards, ensuring responsible business practices.

Develop and implement strategies for sustainable procurement, minimizing the company's environmental impact and promoting social responsibility.

10. Reporting and Analytics

Prepare and present regular reports on procurement activities, spending trends, and supplier performance, using data to inform decision-making and improve procurement processes.

Use data to identify areas for improvement and optimize procurement processes, ensuring alignment with company goals and objectives.