Pricing and Procurement Specialist
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Key skills for this role
Key Skills for This Role
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Company Description
VAULT Logistics provides end-to-end supply chain services including warehousing, container yard storage, transportation, freight forwarding, and customs clearance.
The company emphasizes reliability, long-term partnerships, customer service, and operational excellence.
Key Responsibilities
- Manage pricing and procurement for ocean, air, and cross-border road freight.
- Prepare competitive quotations for RFQs and RFPs within agreed turnaround times.
- Negotiate rates with shipping lines, airlines, transporters, and overseas agents.
- Prepare cost sheets covering origin, freight, destination, and local charges.
- Evaluate transit time, free time, validity, capacity, equipment, surcharges, and routing risks.
- Calculate selling rates, gross profit values, and gross profit margins.
- Recommend alternative routes, carriers, and service options based on market conditions.
- Maintain rate databases and monitor quotation competitiveness and lost-business reasons.
- Prevent underquoting, missing charges, expired rates, and margin leakage.
Qualifications
- Bachelor’s degree in Logistics, Supply Chain, Business Administration, or a related field.
- Hands-on experience in freight forwarding pricing and procurement.
- Strong knowledge of ocean, air, and cross-border road freight.
- Strong negotiation, analytical, and supplier relationship management skills.
- Good knowledge of freight pricing, cost structures, and margin management.
- Proficiency in MS Excel and freight or rate management systems is preferred.
Core Competencies
- Freight pricing and quotation.
- Procurement and supplier negotiation.
- Freight forwarding and multimodal transportation.
- Cost and margin analysis.
- RFQ and RFP management.
- Rate management.
- Commercial awareness.
- Supplier relationship management.
- Market and competitor analysis.
- Problem solving and cross-functional coordination.
Location
- The position is based in Jeddah, Saudi Arabia.
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