Director of Procurement📣 Job Ad
in Khazeen
about 1 hour ago
| Contract Type | Full-time | |
| Workplace type | On-site | |
| Location | Riyadh |
About the Role
Khazeen is seeking a Director of Procurement to lead and manage the organization's procurement strategy, policies, and operations. This role is responsible for ensuring cost efficiency, supply continuity, regulatory compliance, and alignment with corporate objectives. The Director of Procurement will focus on maximizing value through strategic sourcing and developing strong supplier partnerships. This full-time position is based in Riyadh, Saudi Arabia.
Key Responsibilities
- Develop and execute a comprehensive procurement strategy aligned with corporate objectives and long-term growth plans.
- Translate business strategy into category-level sourcing strategies with defined cost, risk, and performance targets.
- Lead annual procurement planning, demand forecasting, and capital sourcing strategies in coordination with Finance and Operations.
- Establish risk-based sourcing frameworks to ensure supply continuity, supplier diversification, and contingency planning.
- Monitor market trends, commodity movements, and global risks to proactively adjust sourcing strategies.
- Direct end-to-end strategic sourcing activities, including RFPs, RFQs, tender evaluations, and commercial negotiations.
- Establish standardized contracting frameworks, commercial terms, and service-level agreements (SLAs).
- Review and approve high-value and strategic contracts, ensuring legal, financial, and operational alignment.
- Lead negotiations for critical, long-term, and high-risk supplier agreements.
- Oversee contract lifecycle management, including renewals, amendments, compliance monitoring, and performance evaluation.
- Design and implement supplier segmentation and strategic partnership models.
- Establish supplier performance scorecards covering cost, quality, delivery, safety, compliance, and innovation metrics.
- Conduct periodic performance reviews with key suppliers to drive continuous improvement.
- Promote supplier development initiatives to enhance capability, reliability, and service standards.
- Monitor supplier risk exposure, including financial stability and operational resilience.
- Lead cost optimization initiatives, including strategic consolidation, value engineering, and framework agreements.
- Implement total cost of ownership (TCO) analysis across procurement categories.
- Monitor procurement spend analytics and ensure alignment with approved budgets and financial targets.
- Deliver measurable savings while maintaining quality, safety, and service standards.
- Present procurement financial performance, savings results, and cost-risk insights to executive leadership.
- Establish and enforce procurement governance frameworks, approval authorities, and internal control mechanisms.
- Ensure compliance with company policies, regulatory requirements, and audit standards.
- Strengthen controls to prevent fraud, conflicts of interest, and non-compliant purchasing practices.
- Lead procurement-related audits and implement corrective action plans.
- Conduct supply chain risk assessments and implement mitigation strategies for critical spend categories.
- Ensure timely and uninterrupted procurement of materials, equipment, and services to maintain operational continuity and prevent supply disruptions.
- Align procurement execution with engineering, maintenance, projects, and operations schedules to support critical business timelines.
- Oversee procurement ERP systems (*, SAP), ensuring data integrity, workflow compliance, reporting accuracy, and system optimization.
- Improve procurement cycle times, service levels, and internal stakeholder satisfaction through structured performance monitoring.
- Drive continuous process improvements and digital automation initiatives to enhance procurement efficiency, transparency, and cost effectiveness.
Qualifications and Experience
- A minimum of 10 years of progressive experience in procurement and supply chain management.
Required Skills
- Procurement Strategy Development and Execution
- Cost Efficiency and Optimization
- Supply Continuity and Risk Management
- Regulatory Compliance
- Strategic Sourcing and Supplier Partnerships
- Demand Forecasting and Capital Sourcing
- Contract Management and Negotiation
- Vendor and Performance Management
- Total Cost of Ownership (TCO) Analysis
- Spend Analytics
- Procurement Governance and Internal Controls
- Audit Standards and Supply Chain Risk Assessment
- Operational Continuity
- Proficiency in ERP Systems (*, SAP)
- Process Improvement and Digital Automation
Work Location and Type
This is a full-time position based in Riyadh, Saudi Arabia.
Requirements
- Requires +10 Years experience
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