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Chief Procurement Officer

3 weeks ago

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Overview:

The position of Chief Procurement Officer demands a seasoned professional with exceptional negotiation skills, deep knowledge of premium-grade materials, global sourcing expertise, and cost efficiency.

Key Responsibilities:

  • Develop and implement procurement strategies to source high-quality materials, finishes, fixtures, and furnishings.
  • Identify and onboard reputable suppliers, artisans, and global brands.
  • Forecast procurement budgets and timelines.

Vendor Management:

  • Build and maintain long-term relationships with trusted vendors.
  • Conduct vendor audits to ensure quality, sustainability, and ethical standards.
  • Negotiate high-value contracts.

Contracts Administration:

  • Draft, review, and finalize contracts with contractors, consultants, and suppliers.
  • Monitor contract execution, variations, claims, and dispute resolution.
  • Ensure compliance with relevant laws and corporate governance policies.

Cost Control and Value Engineering:

  • Lead value engineering exercises without compromising design aesthetics or material quality.
  • Monitor market trends, price fluctuations, and alternative sourcing options.
  • Approve purchase orders within delegated authority limits.

Team Leadership and Collaboration:

  • Lead and mentor a high-performing team.
  • Work closely with project management, design, and construction teams.
  • Ensure seamless coordination between procurement, logistics, and site execution teams.

Qualification and Experience:

  • Bachelor's degree in Supply Chain Management; MBA preferred.
  • 15+ years of experience in procurement and contracts, with at least 7 years in leadership roles within luxury real estate.
  • Proven track record in sourcing premium international materials.
  • Strong legal and commercial acumen in contract management.

Core Competencies:

  • Strategic procurement leadership with cost consciousness and quality assurance.
  • Strong proficiency in contract negotiation, drafting, and administration.
  • Capability to manage complex vendor dynamics—with emphasis on luxury standards.
  • Analytical mindset, proficient in budgeting, forecasting, and spend tracking.
Requirements

Essential Qualifications:

  • Master's degree in Supply Chain Management.
  • 20+ years of experience in procurement and contracts, with at least 10 years in leadership roles within luxury real estate.

Preferred Qualifications:

  • Professional certifications in supply chain management or a related field.