Procurement Specialist
Waed VenturesDhahran, Eastern Province, Saudi Arabia
Posted March 13, 2025
Full Time
About the Company
Backed by Aramco, Wa’ed Ventures is a $500 million venture capital fund with the aim to accelerate the development of an integrated startup ecosystem by investing in local tech-based startups and incentivizing global entrepreneurs to localize their tech innovations in the Kingdom. صندوق واعد فنتشرز هو ذراع استثمار رأس المال الجريء في الشركات الناشئة البالغ قيمته 500 مليون دولار والمملوك بالكامل من قبل شركة أرامكو السعودية لدعم الشركات التقنية الناشئة متسارعة النمو
Job Description
The Procurement Specialist will be responsible for all aspects of procurement activities, including contract drafting, execution, and management. This includes analyzing costs, negotiating contract details, and managing inventory and resolving issues related to price disputes. The role focuses on value creation, cost optimization, and supplier relationship management.
Requirements
- Manage Procurement Activities
- Support relevant stakeholders regarding appropriate processes
- Draft proposal to convert repeated purchases into contracts for value creation
- Develop and execute sourcing strategies for mid - high spend items
- Develop pricing structures
- Value creation (price Negotiation, delivery time, and/or cost avoidance)
- Performs risk assessment of Terms and condition deviations
- Monitor contract and purchasing order consumption and spend
- Develop RFQs, reviewing proposals, negotiating prices, selecting or recommending suppliers
- Analyze trends, develop cost estimates
- Follow up on orders and maintain necessary records
- Work closely with Finance, Legal and Internal Audit
- Monitor and Maintain Supplier Relationships
