Procurement Specialist
5 days ago
About the Role:
The Arab National Bank is seeking a highly skilled Procurement Engineer to join its team. As a key member of our construction and building industry operations, you will play a crucial role in ensuring that all materials and services are procured efficiently and cost-effectively.
This position requires a blend of technical knowledge and negotiation skills to manage supplier relationships and optimize procurement processes. The ideal candidate will have a solid understanding of construction materials, project management, and supply chain dynamics, along with the ability to work collaboratively with various teams to meet project deadlines and budgets.
Key Responsibilities:
- Procurement Strategy Development: Develop and implement procurement strategies that align with project goals and timelines.
- Supplier Management: Source and evaluate suppliers to ensure quality, cost-effectiveness, and timely delivery of materials.
- Negotiation and Contract Management: Negotiate contracts and agreements with vendors to secure favorable terms and conditions.
- Inventory Management: Monitor inventory levels and manage stock to prevent shortages or excess.
- Collaboration and Communication: Collaborate with project managers and engineers to understand material requirements and specifications.
- Market Research: Conduct market research to identify new suppliers and industry trends.
- Compliance: Ensure compliance with company policies and legal regulations in procurement activities.
- Documentation and Reporting: Prepare and maintain procurement documentation, including purchase orders and contracts.
- Process Improvement: Analyze procurement data to identify cost-saving opportunities and improve processes.
- Talent Development: Provide training and guidance to junior procurement staff as needed.
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