Sr. Procurement Executive

Job Purpose

Responsible for leading procurement activities to ensure cost-effective and timely acquisition of goods and services. He/she will be managing vendor relationships, negotiating contracts, and providing strategic procurement support. He/she works closely with internal departments to align procurement strategies with business needs and optimize procurement processes.

Knowledge, Skills & Abilities

• Strong time management, prioritization, and multitasking abilities.
• Excellent interpersonal skills to build strong relationships.
• Effective communication and excellent problem-solving skills.
• Excellent negotiating skills and terms with suppliers.
• Expertise in managing and developing vendor relationships to ensure high-quality service.
• Efficiently managing costs and maintaining compliance standards.
• Ability to analyze data, identify trends, and recommend improvements to procurement processes.
• Comfortable in a high-pressure environment.

Key Roles and Responsibilities

• Develop and implement procurement strategies in alignment with business objectives to ensure cost-effectiveness and efficiency.
• Analyze market trends and conditions to identify potential suppliers and ensure that the organization receives the best value for the best cost.
• Manage relationships with key vendors and suppliers, ensuring compliance with contractual terms and maintaining a high standard of service.
• Conduct supplier performance evaluations, addressing any issues related to quality, delivery, or service.
• Lead negotiations with vendors and suppliers to secure favorable terms, including pricing, delivery timelines, and payment terms.
• Draft, review, and manage procurement contracts, ensuring compliance with legal and organizational requirements.
• Oversee the procurement process, from requisition to purchase order issuance, ensuring all procedures adhere to company policies and industry standards.
• Identify opportunities for process improvements and implement solutions to enhance procurement efficiency.
• Analyze cost-saving opportunities and contribute to reducing procurement-related expenses.
• Ensure that procurement activities comply with internal policies, legal regulations, and industry standards.
• Identify potential procurement risks and develop strategies to mitigate them.
• Prepare monthly and quarterly reports and dashboards.
• Perform other duties as assigned by the direct manager.

Key Performance Indicators "KPIs"

• Purchase Order (PO) Processing Time
• On-Time Delivery Rate
• Lead Time Reduction
• Cost Savings Achieved
• Procurement Audit Score
• Contract Renewal Rate
• Regulatory & Policy Compliance Rate

Job Interaction/ Communication

Internal Communication: 

• KRH Support Services sectors
• KRH Finance team
• KRH Commercial-related functions as needed
• BIG Audit team

External Communication:

• New & Existing Vendors & Suppliers

Job Specification/ Requirements

Knowledge & Experience:

• 5+ years of experience in procurement, focusing on vendor management and contract negotiation.
• Professional certification in procurement (e.g., CIPS or CPP) is preferred.

Education & Certifications:

• Bachelor's Degree in Business Administration, Supply Chain, or any related field.