PROCUREMENT EXECUTIVE

Ferrotec Manufacturing Malaysia; Kulim; On-site; MYR 100,000 - 150,000; Full time

Job summary

An established industry player seeks a Procurement Executive to enhance supplier relationships and drive cost-saving initiatives. In this pivotal role, you will leverage your expertise in sourcing and negotiation to establish long-term partnerships while ensuring compliance with procurement standards. Your insights into market trends will play a crucial role in developing effective sourcing strategies that align with business objectives. Join a dynamic team where your contributions will directly impact the company's growth and operational excellence, all within a fast-paced environment that values innovation and collaboration.

Qualifications

• 3+ years in sourcing and procurement role required.
• Extensive knowledge of supplier base and network essential.

Responsibilities

• Identify and source potential suppliers for long-term relationships.
• Negotiate the best procurement packages in terms of quality and cost.
• Compile reports on procurement activities relating to budget and spend.

Skills

Sourcing

Negotiation

Supplier Management

Cost-Saving Initiatives

Market Analysis

Communication

Adaptability

Education

Bachelor’s degree in supply chain management

Tools

MRP Systems

ERP Systems

Job description

The Procurement Executive primary function is to explore new suppliers at a competitive price while meeting the business requirement. This position focuses on interaction with suppliers for development, cost-saving initiatives, and long-term growth.

This position will require an understanding of the different types of market commodities and leveraging them to meet the requirements and growth of the company.

Duties include, but are not limited to the following:

General Duties

• Observe the highest standard of integrity and ethical business practice while performing daily activities in sourcing and procurement activities.
• Ensure timely and accurate flow of information and documentation to stakeholders to meet performance expectations.
• Identify market trends and develop long-term sourcing strategies in conjunction with business requirements.
• Undertake other roles & responsibilities that are assigned by immediate superior from time to time until full closure.

Sourcing

• Identify and source potential suppliers for long-term business relationships to be parked under Approved Vendor List (AVL).
• Negotiate, evaluate, select, and maintain the best procurement package in terms of quality, cost, delivery lead time, and after-sales services.
• Undertake cost-saving initiative projects and work with suppliers to meet the agreed targets and objectives.
• Work with legal counsel to ensure all procurement-related contracts protect the legal interests of the company.
• Compile and provide reports on procurement activities relating to budget and spend for respective business divisions.
• Collaborate with stakeholders to implement process improvements to drive kaizen in the workplace.
• Lead the supplier selection, qualification, and assessment process.
• Participate in supplier development and performance audits.
• Compile, measure, and manage supplier performance in terms of savings, payment terms, and service levels.

REQUIREMENTS / SKILLSET:

• Bachelor’s degree in supply chain management or equivalent.
• Minimum of 3 years in sourcing and procurement role.
• Minimum of 2 years’ experience in MRP / ERP systems.
• Experience in launching a start-up company.
• Experience in localization processes.
• Extensive knowledge of supplier base and network.
• Ability to work independently and adapt to a fast-paced and changing environment.

How do your skills match this job?

Your application will include the following questions:

• What's your expected monthly basic salary?
• How many years' experience do you have as a Procurement Executive?
• Which of the following languages are you fluent in?

Manufacturing, Transport & Logistics 101-1,000 employees.

Ferrotec is a diversified technology company with a worldwide presence in a broad array of end products, manufacturing systems, and industries. We provide our customers with advanced material, component, system, and manufacturing solutions that make their products work better, more precisely, and more reliably.

Founded on a technology core of Ferrofluid magnetic liquid and Ferrofluidic sealing products, our company and our product portfolio have grown to meet the evolving needs of our customers.