Procurement Executive📣 Job Ad
in Bfl Group
about 5 hours ago
| Contract Type | Full-time | |
| Workplace type | On-site | |
| Location | Riyadh |
About the Role
BFL Group, a global off-price retailer of fashion and homeware, is seeking a Procurement Executive to join their team in Riyadh, Saudi Arabia. The company operates with a unique "Treasure Hunt" model, offering designer brands at significant discounts. This role is essential for supporting business continuity across stores, fulfillment centers, and corporate functions by ensuring cost-effective sourcing and timely availability of goods and services, while adhering to strict procurement policies and governance standards.
Key Responsibilities
- Execute end-to-end procurement activities, including sourcing, RFQs, negotiations, and Purchase Order (PO) conversion and execution.
- Obtain competitive quotations, prepare commercial comparisons, and recommend suppliers based on cost, quality, service, and lead times.
- Ensure all procurement activities align with approved budgets, delegation of authority, and established policies.
- Manage daily supplier interactions to ensure timely order confirmations, accurate deliveries, and issue resolution.
- Monitor supplier performance on key metrics and escalate identified risks.
- Support the onboarding of new suppliers, ensuring compliance with documentation and contractual obligations.
- Oversee the procurement and replenishment of non-trade inventory, including consumables, packaging, and operational equipment.
- Monitor inventory levels, analyze consumption trends, and manage reorder points to maintain adequate stock.
- Collaborate with Fulfilment Centre, Warehouse, and Operations teams to validate demand planning and track stock usage.
- Support periodic stock counts, reconciliations, and variance analysis, implementing corrective actions.
- Ensure accurate three-way matching between POs, Goods Receipts, and Invoices for timely payment processing.
- Track open purchase orders and manage accruals, coordinating order closures with Finance.
- Provide documentation and justifications for internal and external audits.
- Prepare and maintain procurement and inventory reports, including spend analysis, savings tracking, and inventory dashboards.
- Utilize data analysis to identify cost savings and process improvement opportunities.
- Support initiatives for ERP optimization, e-procurement tools, and workflow automation.
- Adhere to procurement Standard Operating Procedures (SOPs) and participate in continuous improvement efforts.
Qualifications and Requirements
- A Bachelor's degree in Supply Chain Management, Logistics, Business Administration, Procurement, or a related field.
- Professional certifications such as CIPS (Level 3/4) or equivalent are advantageous.
- A minimum of 5 years of progressive experience in procurement or purchasing roles, preferably within retail, FMCG, logistics, or fulfillment center sectors.
- Hands-on experience with ERP systems, including SAP, Oracle, or similar platforms.
- A strong understanding of procurement processes, sourcing strategies, and negotiation techniques.
- Analytical skills with proficiency in MS Excel and reporting tools.
- Excellent stakeholder management and communication skills.
- Ability to perform effectively in a fast-paced, high-volume environment and manage multiple priorities.
- High integrity, attention to detail, and commitment to compliance.
Required Skills
- Procurement
- Sourcing
- RFQs (Request for Quotations)
- Negotiations
- PR to PO Conversion
- Order Execution
- Supplier Coordination
- Inventory Management
- Spend Control
- Data Analysis
- Digital Procurement
- MS Excel
- Reporting Tools
- Stakeholder Management
- Communication Skills
- ERP Systems (SAP, Oracle, or similar)
- Supply Chain Management
- Logistics
Work Environment and Location
This is a full-time position based in Riyadh, Saudi Arabia. BFL Group is committed to fostering diversity and inclusivity in the workplace and encourages applications from all qualified individuals.
Requirements
- Requires 5-10 Years experience
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