Requirements
The ideal candidate will possess a Bachelor's degree in Business, Supply Chain Management, or a related field, with a minimum of 5-7 years of relevant experience. Strong analytical, negotiation, and contract management skills are essential, along with proficiency in procurement software and Microsoft Office Suite. The role requires experience in managing spend categories such as Logistics, Insurance, and Travel, and the ability to develop and execute procurement strategies while fostering strong supplier relationships.
Description
Al-Bahar BackgroundMohamed Abdulrahman Al-Bahar founded in 1937, is a leading business house in the Arabian Gulf with a vision to become the number one provider of customer value in construction equipment, energy and transportation, and materials handling industry.Al-Bahar are dealers of Cat® machinery, heavy equipment and power systems for a wide variety of applications, including earthmoving, building and construction, mining, road making construction, demolition, waste and scrap handling, electric power generation, marine propulsion etc.With more than 2,000 committed employees, Al-Bahar offers a highly engaging and supportive work environment in a culture that values, recognizes and rewards quality performance.Our Human Resources Critical Success Factors are:Continue to build and strengthen intellectual capital by hiring and retaining quality people, rewarding performance, and providing them with growth opportunities.Job OverviewThe Procurement Specialist will develop and execute procurement strategies that align with the group's overall business objectives. The role focuses on enhancing procurement efficiency and value creation, including cost savings, cost avoidance, and cash management. The incumbent will be responsible for market surveys and analysis, strategic sourcing, supplier relationship management, contract negotiations, and ensuring adherence to procurement policies and procedures. Collaboration with internal stakeholders and continuous process improvement are key aspects of this role.Key Responsibilities:Procurement Strategy Development:Develop and execute procurement strategies that support the group's overall business objectives.Drive initiatives to enhance procurement efficiency and value creation, including cost savings, cost avoidance, and cash management.Market Analysis:Conduct market surveys and analyze market trends.Make recommendations for strategic sourcing procedures based on market analysis.Spend Categories Management:Set a procurement strategy for spend categories Shall be familiar and experienced in Logistics , Insurance , Travel etc categories which will help the organization for better setup.Supplier Relationship Management:Build and maintain strong relationships with key suppliers and vendors.Negotiate contracts and agreements to secure the best terms and conditions for the organization.Monitor supplier performance and manage issues related to supplier delivery, quality, and service.Policy Implementation:Ensure that all concerned parties are implementing the group procurement policy and process efficiently.Conduct regular audits and reviews to ensure adherence to procurement policies and practices.Cost-Saving Initiatives:Implement cost-saving initiatives and identify opportunities for process improvements.Stakeholder Collaboration:Collaborate with internal stakeholders to understand their procurement needs and provide solutions that support their objectives.Qualification and Experience:Bachelor's degree in Business, Supply Chain Management, or a related field.Minimum of 5 – 7 years of relevant experience. Skills, Knowledge & AbilityStrong analytical skills and experience with market analysis and strategic sourcing.Excellent negotiation and contract management skills.Proven ability to build and maintain strong supplier relationships.Knowledge of procurement policies, procedures, and best practices.Strong problem-solving skills and the ability to manage supplier performance issues.Excellent communication and interpersonal skills.Proficiency in procurement software and Microsoft Office Suite