
Purchase Specialist📣 Job Ad
in Waed Ventures
21 days ago

Contract Type | Full-time | |
Workplace type | Field | |
Location | Dhahran |
Job Purpose: This position will be responsible for all planning and executing procurement activities, including contracts drafting, execution, and management. Key responsibilities include analyzing costs, negotiating contract details, and developing strategies to manage costs on supplies and services.
Functional Duties:
Requirements:
Functional Duties:
- Manage Procurement Activities
- Support relevant stakeholders regarding appropriate processes such as scope of work and material specifications
- Draft proposals to convert repeated purchases into contracts for value creation
- Develop and execute sourcing strategies for mid to high spend items
- Establish pricing structures
- Conduct value creation efforts, including price negotiation and delivery time optimization
- Perform risk assessments of terms and conditions deviations
- Review invoices and cross-check approved purchasing orders
- Monitor contract and purchasing order consumption and spend by preparing RFQs, reviewing proposals, negotiating prices, selecting or recommending suppliers, and analyzing trends
- Maintain necessary records and follow up on orders placed
- Receive bids and arrange formal bid opening where applicable
- Maintain a tender control log and formulate an agreement with the Bid Evaluation Plan
- Distribute, check, and carry out a commercial evaluation of bids
- Prepare quotation summaries and variations
- Work closely with Finance, Legal, and Internal Audit to ensure compliance with policies, procedures, and controls for all contracts
- Monitor and maintain supplier relationships through registration and performance review
- Create and document all procurement activities for audit purposes
- Resolve all contractor disputes in coordination with Finance, Legal, Internal Audit, and concerned proponents
Requirements:
- Experience: 510 Years
- Education: Bachelor's in Business Management and Administration, Industrial Engineering, or a related major
- Strong analytical thinking and problem-solving abilities
Requirements
- Requires 2-5 Years experience
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