Waqas Latif
Riyadh
Summary
Proactive, result driven professional seeking an exciting position to utilize acquired skills and knowledge and deliver outstanding results thus adding value to the organization.
Versatile, resourceful, accomplished commercial & supply chain management professional with 17+ years of rich experience in the retail, manufacturing, MEP and Amazon. Over the years helped companies to reduce costs, increased revenue and improved cash flow. Extensive experience in local and international purchasing, logistics, warehousing and inventory control, freight forwarding and customs clearance. Dedicated, achievement driven professional with strong work ethic, integrity and excellent leadership, communication, problem solving, decision making, planning and execution skills.
Overview
19
19
years of professional experience
2004
2004
years of post-secondary education
Work History
Purchasing Manager
Elbow45
07.2023 - Current
- Develop and implement innovative purchasing strategies aligned with organizational objectives, ensuring cost efficiency and sustainable growth
- Identify, evaluate, and maintain relationships with reliable suppliers to guarantee quality, consistency, and cost-effectiveness
- Negotiate competitive contracts and pricing to achieve significant cost savings without compromising on quality
- Monitor inventory levels, implement advanced forecasting methods, and optimize purchasing schedules to avoid overstock or shortages
- Oversee the procurement process, ensuring timely delivery, compliance with quality standards, and alignment with project timelines
- Lead contract negotiations to establish favorable terms and conditions, ensuring alignment with corporate policies and financial goals
- Evaluate supplier performance using key metrics such as cost efficiency, delivery accuracy, and product quality, driving continuous improvement
- Conduct in-depth market research to identify emerging trends, alternative suppliers, and innovative cost-saving opportunities
- Proactively identify supply chain risks, implement contingency plans, and mitigate potential disruptions
- Cultivate strategic partnerships with key suppliers to foster collaboration, innovation, and long-term value creation
- Introduced market driven products & Shifted sourcing to imports and increased margins from 20% to 80%
Senior Buyer
SACO-Saudi Company for Hardware
03.2016 - 06.2023
- Identified and sourced merchandise that aligns with customer demand and market trends
- Established and maintained strong supplier partnerships to ensure quality, reliability, and cost-effectiveness
- Conducted market research and analyzed sales data to forecast demand and optimize purchasing decisions
- Negotiated contracts, pricing, and payment terms to achieve cost savings and maximize profit margins
- Monitored stock levels, ensuring timely replenishment while avoiding overstock and minimizing wastage
- Managed purchasing budgets and controlled expenses to meet financial targets
- Collaborated with marketing teams to support product promotions and seasonal campaigns
- Ensured products meet regulatory standards and align with company quality expectations
- Worked with merchandising, sales, and logistics teams to align purchasing activities with business goals
- Attended trade shows and industry events to identify new product opportunities
Logistics Specialist
SACO-Saudi Company for Hardware
06.2013 - 03.2016
- Managed the end-to-end logistics for shipments from the Middle East, USA, Far East Asia and Europe with various payment terms including FTF, CAD and LC till delivery to the warehouse
- Negotiated and finalized freight rates for inland shipping to minimize costs while maintaining on time delivery and quality service standards
- Liaised with the customs and warehouse teams for on time release of shipments from port, movement to the warehouse and stuffing and de-stuffing of containers to control and minimize demurrage and detention charges
- Ensured that all incoming shipments met the documentation standards of Saudi Customs including SASO COC, Chamber of Commerce and other legal documents
Procurement and Warehouse Coordinator
Rastgar Engineering Pvt Ltd
04.2012 - 03.2013
- Company Overview: Rastgar Engineering is a leading producer and exporter of automotive components
- Reported to Director – Supply Chain and managed production planning and control (PPC), materials and warehouse teams including management of a 30,000 m2 warehouse with 5000+ consumable parts and in-house produced castings
- Dealt with inventory control, warehouse operations, procurement, 3PL and 4PL logistics operations, reverse logistics, customs clearance, shipping coordination, inbound freight and transportation, contract administration, vendor management, JIT and Kanban
- Reduced overall inventory costs by PKR 30 million in 2012 – 2013 and achieved 97% on time delivery of dispatches by utilizing alternative channels and developing new international suppliers
- Rastgar Engineering is a leading producer and exporter of automotive components
Manager – Sales, Stores, Procurement & Accounts
Top Granite Processing
01.2011 - 03.2012
- Company Overview: Top Granite is a local stone processing unit
- Reported to the CEO and managed sales, 3PL logistics, warehouse and stores operations, procurement, inventory control, vendor management, contracts administration, sales, customer service, accounts and finance
- Implemented a system for calculation of unit cost of products, implemented an Oracle based ERP and drove action plans which reduced inventory by PKR 2 million in 2011 – 2012
- Top Granite is a local stone processing unit
Procurement Specialist
KSB Pumps Company Ltd
06.2006 - 12.2010
- Company Overview: KSB Pumps Company, a part of the globally operating KSB Group, manufactures and markets a range of standard and engineered pumps and castings
- Reported to the Manager – Supply Chain and managed warehousing (50,000 m2 warehouse with 20,000+ line items of consumables and finished parts), inventory management, 3PL and 4PL logistics and reverse logistics, strategic sourcing and cost reduction
- Contributed to the development of new engineered pumps – Etanorm and Seawatec – in coordination with product management, production, assembly shop, foundry and materials departments
- Reduced inventory by PKR 120 million in 2008 – 2009 and reduced overall transportation costs by 10%
- KSB Pumps Company, a part of the globally operating KSB Group, manufactures and markets a range of standard and engineered pumps and castings
Education
Bachelor of Commerce (B.Com.) -
University of the Punjab
MBA - Logistics and Supply Chain Management
European International University
Skills
Supply Chain Management
Educationandcertifications
Bachelor of Commerce (B.Com.), University of the Punjab, Lahore, Pakistan, 06/01/03, MBA in Logistics and Supply Chain Management, European International University, 01/01/26, Supply Chain Management, Skill Development Council, Pakistan, 09/01/10, Certified Purchasing and Procurement Manager, AIBM, USA, 01/01/24
Timeline
Purchasing Manager
Elbow45
07.2023 - Current
Senior Buyer
SACO-Saudi Company for Hardware
03.2016 - 06.2023
Logistics Specialist
SACO-Saudi Company for Hardware
06.2013 - 03.2016
Procurement and Warehouse Coordinator
Rastgar Engineering Pvt Ltd
04.2012 - 03.2013
Manager – Sales, Stores, Procurement & Accounts
Top Granite Processing
01.2011 - 03.2012
Procurement Specialist
KSB Pumps Company Ltd
06.2006 - 12.2010
MBA - Logistics and Supply Chain Management
European International University
Bachelor of Commerce (B.Com.) -
University of the Punjab
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