Procurement Strategy Lead
4 days ago
This role offers a unique opportunity to lead the development and execution of an overarching category procurement strategy for corporate services at Qiddiya Investment Company.
As a Strategic Category Director, you will be responsible for ensuring alignment with the gigaproject's strategic goals and fostering cross-functional collaboration among stakeholders.
Main Responsibilities:
- Category Strategy Development:
- Develop a comprehensive procurement strategy for the category, focusing on supply security, speed, quality, cost optimization, ESG & innovation.
- Analyze the category in detail, including cost management analysis, segmenting products/services, mapping segments with the company's procurement taxonomy, identifying internal stakeholders for each segment, and estimating demand.
- Conduct market analyses to study suppliers, pricing, seasonality/volatility of supply, emerging trends, regulations, supply chain risks, cost-saving opportunities, competitors, collaborators, etc.
- Collaborate with the SRM team to evaluate suppliers based on exhaustive factors, such as offerings, capacity, technical capabilities, prices, local presence, track record, quality, post-sales support, financials, etc.
- Pursue full value enablement to extract maximum value from procurement spend through commercial and non-commercial levers, including demand consolidation, strategic partnerships, specification improvement, value engineering, negotiation strategies, etc.
- Drive cross-functional implementation of the category strategy via well-defined initiatives and collaboration, engaging suppliers, formulating strategic partnership structures, executing strategic partnerships, managing supplier relationships, etc.
- Support procurement operations by handling operational procurement and driving end-to-end packages to completion.
- Engage cross-functional stakeholders across Corporate Procurement Team and Corporate Functions (administration and facilities management, HR, and legal) for category strategy formulation that adds value to all stakeholders.
- Serve as a key point of contact for category-related matters for Corporate Procurement and Corporate Function stakeholders.
- Perform Category Management role aligned with the Director of Corporate Procurement Team.
- Manage relationships with critical suppliers to ensure alignment with gigaproject's strategic goals.
- Negotiate and establish long-term strategic agreements with suppliers to secure favorable terms.
- Support business monitoring of supplier performance and adherence to quality and delivery standards, identifying and developing KPIs as required.
- Foster supplier satisfaction, collecting feedback on timely payments, minimal contractual variations, etc., and driving improvements where necessary.
- Support localization efforts and compliance with Local Content and Government Procurement Authority (LCGPA) requirements, ensuring procurement activities support local economic development.
- Pursue cross-functional satisfaction on category-related matters, including Corporate Procurement, IT Function, and suppliers.
- Provide visibility to Corporate Procurement and IT Function teams on leveraging strategic supplier agreements in day-to-day procurement activities.
- Engage in regular and effective market engagement to ensure strong presence and branding in the category market.
- Track and report on category performance metrics, identifying areas for improvement.
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