Overview
Director of Procurement Jobs in Riyadh, Saudi Arabia at خزين | khazeen
Title: Director of Procurement
Company: خزين | khazeen
Location: Riyadh, Saudi Arabia
About the Role
To lead and oversee the organization’s procurement strategy, policies, and operations, ensuring cost efficiency, supply continuity, regulatory compliance, and alignment with corporate objectives while maximizing value through strategic sourcing and supplier partnerships.
Responsibilities
Strategic Procurement Leadership
- Develop and execute a comprehensive procurement strategy aligned with corporate objectives, operational priorities, and long-term growth plans.
- Translate business strategy into category-level sourcing strategies with measurable cost, risk, and performance targets.
- Lead annual procurement planning, demand forecasting, and capital sourcing strategies in coordination with Finance and Operations.
- Establish risk-based sourcing frameworks to ensure supply continuity, supplier diversification, and contingency planning.
- Monitor market trends, commodity movements, and global risks to proactively adjust sourcing strategies.
Sourcing & Contract Management
- Direct end-to-end strategic sourcing activities including RFPs, RFQs, tender evaluations, and commercial negotiations.
- Establish standardized contracting frameworks, commercial terms, and service-level agreements (SLAs).
- Review and approve high-value and strategic contracts ensuring legal, financial, and operational alignment.
- Lead negotiations for critical, long-term, and high-risk supplier agreements.
- Oversee contract lifecycle management, including renewals, amendments, compliance monitoring, and performance evaluation.
Vendor & Supplier Management
- Design and implement supplier segmentation and strategic partnership models.
- Establish supplier performance scorecards covering cost, quality, delivery, safety, compliance, and innovation metrics.
- Conduct periodic performance reviews with key suppliers to drive continuous improvement.
- Promote supplier development initiatives to enhance capability, reliability, and service standards.
- Monitor supplier risk exposure, including financial stability and operational resilience.
Cost Optimization & Financial Oversight
- Lead cost optimization initiatives including strategic consolidation, value engineering, and framework agreements.
- Implement total cost of ownership (TCO) analysis across procurement categories.
- Monitor procurement spend analytics and ensure alignment with approved budgets and financial targets.
- Deliver measurable savings while maintaining quality, safety, and service standards.
- Present procurement financial performance, savings results, and cost-risk insights to executive leadership.
Procurement Governance & Risk Oversight
- Establish and enforce procurement governance frameworks, approval authorities, and internal control mechanisms.
- Ensure compliance with company policies, regulatory requirements, and audit standards.
- Strengthen controls to prevent fraud, conflicts of interest, and non-compliant purchasing practices.
- Lead procurement-related audits and implement corrective action plans.
- Conduct supply chain risk assessments and implement mitigation strategies for critical spend categories.
Operational Procurement Oversight
- Ensure timely and uninterrupted procurement of materials, equipment, and services to maintain operational continuity and prevent supply disruptions.
- Align procurement execution with engineering, maintenance, projects, and operations schedules to support critical business timelines.
- Oversee procurement ERP systems (e.g., SAP), ensuring data integrity, workflow compliance, reporting accuracy, and system optimization.
- Improve procurement cycle times, service levels, and internal stakeholder satisfaction through structured performance monitoring.
- Drive continuous process improvements and digital automation initiatives to enhance procurement efficiency, transparency, and cost effectiveness.
