UMAIR LATIF
RIYADH,Saudi Arabia
Summary
Accomplished professional with expertise in strategic sourcing and category management, contract negotiation, and vendor management. Demonstrates a strong commercial and analytical mindset, driving cost reduction and spend optimisation through advanced skills in procurement analytics using Power BI and Oracle Cloud ERP. Proven leadership in cross-functional collaboration, with a focus on supplier performance and KPI management. Adept at inventory and working capital optimisation, delivering efficiency improvements and cost savings. Committed to digital procurement transformation, leveraging advanced Microsoft Excel for data-driven decision-making.
Overview
16
16
years of professional experience
1
1
Certification
Work history
Senior Procurement Executive (Acting)
Al-Mousa Specialized Cables
Riyadh
01.2015 - 04.2026
- Managed procurement portfolio exceeding multi-million SAR annually across local and international suppliers, ensuring cost efficiency and uninterrupted supply
- Negotiated high-value supplier contracts, achieving consistent cost reductions and improved payment terms to enhance cash flow
- Reduced excess and slow-moving inventory by 30% within 12 months, optimizing warehouse utilization and freeing working capital
- Identified favorable market trends during COVID-19 and executed bulk purchasing strategies, generating strong post-recovery profit margins
- Implemented supplier performance KPIs (OTIF, quality, lead time), improving supplier accountability and service levels
- Led implementation of Oracle Cloud ERP (Procurement Module), streamlining workflows and enhancing reporting accuracy
- Developed Power BI dashboards for spend analysis, supplier performance, and inventory tracking, enabling data-driven decision-making
- Collaborated with finance, sales, and warehouse teams to align procurement strategies with business growth objectives
- Improved procurement cycle efficiency by reducing lead times and strengthening strategic supplier relationships
Sr. Accounts Officer
NEO TEXTILE, LAHORE, PAKISTAN
Lahore, Pakistan
09.2010 - 10.2013
- Maintain accurate general ledger records and ensure timely monthly closing of accounts.
- Prepare financial statements, trial balance, and supporting schedules
- Assist in preparing monthly, quarterly, and annual financial reports
- Ensure compliance with IFRS/GAAP and internal accounting policies
Accounts Payable & Receivable - Manage supplier invoices, payments, and reconciliations
- Monitor customer receivables and follow up on outstanding payments
- Maintain aging reports for both payables and receivables
- Bank & Cash Management
- Handle daily bank transactions, reconciliations, and cash flow tracking
Monitor company liquidity and support cash forecasting - Verify and process payment approvals
- Budgeting & Cost Control
- Assist in preparation and monitoring of departmental budgets
- Analyze variances between actual and budgeted expenses
- Support cost optimization initiatives
- Audit & Compliance
- Coordinate with internal and external auditors during audits
- Ensure documentation is properly maintained for audit trails
- Ensure compliance with tax regulations and financial laws
- ERP & Systems Management
- Maintain accounting data in ERP system.
- Ensure accurate data entry and system reconciliation
- Support system improvements and automation of accounting processes
Education
Bachelor of Commerce (Hons) - Accounting & Finance
The University of Lahore
Lahore12.2011
Skills
- Strategic Sourcing & Category Management
- Contract Negotiation & Vendor Management
- Cost Reduction & Spend Optimization
- Inventory & Working Capital Optimization
- Supplier Performance & KPI Management
- Procurement Analytics (Power BI)
- Oracle Cloud ERP
- Power BI
- Advanced Microsoft Excel
- Strong commercial and analytical mindset
- Ability to drive cost savings and efficiency improvements
- Proven leadership in cross-functional collaboration
- Expertise in digital procurement transformation
Certification
Microsoft Certified: Data Analyst Associate
LANGUAGES
English (Professional)
Urdu (Native)
Accomplishments
- Reduced non-moving inventory by 30%, freeing up significant working capital
- Achieved consistent cost savings through strategic sourcing and supplier negotiations
- Managed procurement portfolio worth multi-million SAR annually
- Led successful implementation of Oracle Cloud ERP (Procurement Module)
- Improved supplier performance through KPI-driven management (OTIF, quality, lead time)
Timeline
Senior Procurement Executive (Acting)
Al-Mousa Specialized Cables
01.2015 - 04.2026
Sr. Accounts Officer
NEO TEXTILE, LAHORE, PAKISTAN
09.2010 - 10.2013
Bachelor of Commerce (Hons) - Accounting & Finance
The University of Lahore