Assistant Manager (Sourcing & Product Development)

FairPrice Group; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

FairPrice Group in Singapore is seeking an Assistant Manager (Sourcing & Product Development) to lead the end-to-end lifecycle of new products, from supplier sourcing and sampling to final production and launch.

You will define detailed product specifications with internal teams, run sourcing tenders, negotiate contracts, and manage supplier relationships while coordinating with Brand, Food Safety, Inventory, Marketing and Operations to ensure timely, compliant product introductions.

Qualifications

• Degree in any discipline.
• Experience in the FMCG industry is advantageous.
• Team player and ability to work collaboratively and build relationships.
• Resourceful, problem solver and result oriented.
• Ability to run sourcing tender and create clean sheets.
• Good understanding of supply chain dynamics, product specs, quality control, seasonality, cost drivers and volume fluctuations.
• Strong business acumen and data analytic skills.

Responsibilities

• Oversee all stages of product development, from sourcing and sampling to final production, shipping, and launch.
• Define and translate commercial requirements into detailed product specifications (quality, packaging, attributes).
• Proactively identify potential new suppliers through various channels.
• Prepare and execute sourcing tenders, analyze results, and develop negotiation strategies.
• Negotiate and establish contracts with suppliers focusing on volume, price, quality and logistics.
• Engage in regular negotiations and reviews to foster supplier relationships and continuous improvement.
• Liaise with Brand, Business Development, Food Safety, Inventory, Marketing and Operations to ensure alignment and launches.
• Monitor inventory levels and align forecasts with trade plans.
• Manage promotion planning and ensure product penetration.

Skills

Sourcing

Negotiation

Product development

Tender management

Supplier management

Contract negotiation

Cross-functional collaboration

Inventory planning

Forecasting

Data analytics

Quality compliance

Education

Bachelor's degree

Job description

Job Title: Assistant Manager (Sourcing & Product Development)

The Sourcing & Product Development Assistant Manager is a key role within the organization, responsible for the entire lifecycle of new products. This encompasses sourcing and negotiating with suppliers, ensuring product quality and compliance, and managing the product's journey from concept to shelf. The role requires a strong understanding of the product development process, commercial acumen, and the ability to build and maintain relationships with suppliers.

Key Responsibilities:

• Product Development and Management: Oversee all stages of product development, from initial sourcing and sampling to final production, shipping, and product launch.
• Product Specification: Collaborate with internal teams to define and translate commercial requirements into detailed product specifications, encompassing quality, packaging, and other key attributes.
• Supplier Identification and Sourcing: Proactively identify potential new suppliers through various channels
• Tender Management: Prepare and execute sourcing tenders, analyze results, and develop negotiation strategies based on competitive offerings and cost analysis.
• Negotiation and Contract Development: Negotiate and establish contracts with suppliers, focusing on key terms such as volume, price, quality, logistics
• Supplier Relationship Management: Engage in regular negotiations and business reviews with suppliers to foster continuous improvement, innovation, and ensure adherence to quality and service agreements.
• Cross-Functional Collaboration: Liaise with key stakeholders across various departments, including Brand & Business Development, Food Safety, Inventory, Marketing, and Operations, to ensure alignment and successful product launches.
• Inventory and Forecast Management: Monitor inventory levels and collaborate with Inventory and Demand Planning teams to align forecasts with trade plans.
• Promotion Management: Manages promotion planning and ensure products sales and penetration

Job Requirements:

• Degree in any discipline
• Experience in the Fast-Moving Consumer Goods (FMCG) industry is advantageous.
• Team player and ability to work collaboratively and build strong relationships with diverse stakeholders.
• Resourceful, problem solver and result oriented
• Ability to run sourcing tender and create clean sheets
• Good understanding of supply chain dynamics, product specifications, quality control, seasonality, cost drivers, and volume fluctuations.
• Strong business acumen and data analytic skills