Senior Procurement Executive Al Ghurair Investment LLC

• Manage the end-to-end procurement process across multiple categories — from sourcing to final vendor selection and contract finalization.
• Conduct market research through factory visits, supplier meetings, and webinars to identify potential suppliers and explore cost-saving opportunities.
• Send RFQs, collect and analyze quotations, prepare comparison sheets, and finalize vendors based on price, quality, and reliability.
• Forecast price and market trends to identify shifts in supplier–buyer dynamics and recommend procurement strategy adjustments.
• Negotiate and establish long-term purchase agreements (LTPA), including rate cards and discount structures, ensuring smooth operations.
• Develop and maintain a supplier database, ensuring accurate and updated supplier performance records.
• Collaborate proactively with Operations, Accounts Payable, and other internal departments to ensure timely procurement and payment cycles.
• Monitor supplier performance based on cost, quality, delivery, and service parameters; support supplier evaluation and improvement initiatives.
• Prepare spend analysis reports and support data analytics for business intelligence and forecasting.
• Ensure timely mobilization of all services (AMC, consumables, spare parts, etc.) as per project timelines.
• Liaise with internal stakeholders to forecast material and service requirements for new project mobilization.
• Participate in procurement conferences to gain industry insights and identify new business opportunities.
• Drive process improvement initiatives to optimize procurement efficiency and achieve targeted savings.

Key Performance Indicators (KPIs):

• Minimum 10% negotiated savings
• 90-day open credit terms with suppliers
• Timely completion of purchase requests and service mobilizations as per SLA