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.
Job Details
- Job Location
- Riyadh Saudi Arabia
- Company Industry
- Industrial Production
- Company Type
- Employer (Private Sector)
- Job Role
- Purchasing and Procurement
- Employment Type
- Full Time Employee
- Monthly Salary Range
- Unspecified
- Number of Vacancies
- 1
Preferred Candidate
- Career Level
- Senior Executive
- Years of Experience
- Min: 5
- Residence Location
- Saudi Arabia
- Degree
- Bachelor's degree / higher diploma