Purchasing Executive (Bukit Batok, $3.5k)

Description

OverviewBuild and maintain strong relationships with key suppliers and vendors to ensure quality, timely delivery, and cost-effectiveness

Negotiate contracts and agreements with suppliers, ensuring favorable terms and conditions.

Budget ManagementDevelop and manage the purchasing budget, ensuring alignment with organizational financial goals.

Monitor and analyze spending patterns to identify cost-saving opportunities.

Supply Chain Risk ManagementIdentify and mitigate supply chain risks, including supplier reliability and market fluctuations.

Develop contingency plans to address potential disruptions in the supply chain.

Market Research and AnalysisConduct thorough research on suppliers, products, and market conditions to inform purchasing decisions.

Analyze market trends and pricing to make informed recommendations for procurement strategies.

Performance MeasurementMonitor supplier performance metrics and key performance indicators (KPIs) to ensure compliance with contracts and service levels.

Prepare regular reports for senior management on procurement activities, savings, and supplier performance.

Cross-Functional CollaborationCollaborate with other departments (e.g., finance, operations, and production) to align purchasing activities with organizational needs.

Participates-functional teams to support new product development and other initiatives.

Identify opportunities for process improvement within the procurement function.

Stay updated on industry trends and best practices to enhance procurement efficiency and effectiveness.

Requirements

Relevant working experience in purchasing or procurement

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