Global Buyer

Hanwha Ocean; Singapore; On-site; USD 80,000 - 120,000; Full time

Job summary

A leading company in the Oil & Gas industry is seeking a Global Buyer to develop sourcing strategies and optimize business performance. The role involves market analysis, supplier management, and contract negotiation to drive cost savings and enhance operational efficiency. The ideal candidate will have a strong background in sourcing and proven experience in the industry.

Qualifications

• Minimum 5 years of experience in the Oil & Gas industry.
• Proven expertise in sourcing, market/product/supplier analysis, negotiation and contract formulation.

Responsibilities

• Conduct market analyses and develop sourcing strategies.
• Negotiate contracts and manage supplier relationships.
• Collaborate to identify and mitigate risks in international trade.

Skills

Leadership

Complex problem-solving

Continuous process improvement

Project management

Adaptability to operational change

Negotiation

Contract management

Cost savings

Risk management

Education

Bachelor’s degree in Engineering

Master’s degree

Job description

Company Overview:

Hanwha Ocean is embarking on a journey to transition from a traditional shipbuilder to an Engineering, Procurement, Construction, Installation, and Operation (EPCI(O)) solution provider, offering products such as FPSO, FLNG, Offshore Renewables and other Floating Production Units. The Offshore Business Division recently expanded its global footprint by establishing a new Global Business Centers in North America and Europe with the intention of becoming a project-centric and client-driven business organization. This transformation aims to offer enhanced project execution and knowledge-driven operational models by bridging the upstream culture of three continents across Asia, Europe, and America. Together with talented people and through leadership, the Offshore Business will continue to deliver outstanding performance for our customers, partners, and shareholders by moving into its next phase of growth and success.

Position Overview:

The Global Buyer will develop and execute the Sourcing Strategy based upon the go-to-market approach of assign equipment packages driving optimized business performance and continuous process improvement.

Key Responsibilities:

Strategic Sourcing

• Conduct market analyses, develop sourcing strategies, and optimize sourcing processes to achieve cost and performance targets.
• Compile all documents associated with the scope prior to RFx release.
• Issue RFx to the project bidder list and ensure suppliers are qualified/approved prior to award.
• Verify bid(s) completeness and/or ability to disqualify incomplete bid(s); disburse the technical bid to designated Package Engineer for review.
• Prepare the Commercial Bid Evaluation of bids per scope; gather the Technical Bid Evaluation and prepare Recommendation for Award to present to the PMT for acceptance.
• Organize and conduct bid clarification meetings with Suppliers.

Cost Optimization

• Implement cost reduction projects and provide market insights to support business planning.
• Negotiate optimized terms securing extended payment terms, volume-based discounts, and mutually beneficial contracts with suppliers.
• Explore cost effective regions or alternative suppliers to reduce costs without compromising quality.
• Use advanced analytics to identify spend trends and eliminate waste from processes to uncover actionable insights for savings.

Supplier Management

• Develop and maintain relationships with suppliers, negotiate contracts, and ensure compliance with company standards.
• Drive Supplier Interest to Bid and issue Non-Disclosure Agreements ahead of RFQ.

Contract Management

• Negotiate a winning contract per category strategy; engage Legal, Category Management, and/or Supplier Relationship Management to support T&Cs as necessary.
• Negotiate commercial deviations in collaboration with Strategic Sourcing Team members for optimal results.

Risk Management

• Collaborate within the Strategic Sourcing Team to identify and mitigate risk associated with international trade such as supply chain disruptions or regulatory issues.
• Manage package claims (e.g., liquidated damages, non-conformances, etc.)

Measure of effectiveness:

• Implementing data-driven decisions by analyzing problems and evaluating alternative solutions.
• Continuously improving assigned scope performance
• Collaborating with stakeholders for superior results

Qualifications:

• Bachelor’s degree in Engineering, Business, or related field (Master’s degree is a plus).
• Minimum 5 years of experience in the Oil & Gas industry.
• Proven expertise in sourcing, market/product/supplier analysis, negotiation and contract formulation.
• Strong time management, stakeholder management, and problem-solving skills.
• Experience in managing relationships with internal and external stakeholders

Skills:

• Leadership and ownership mindset
• Complex problem-solving
• Continuous process improvement
• Project management
• Adaptability to operational change
• Negotiation and contract management
• Cost savings and value engineering
• Risk and opportunity management

Diversity and Inclusion:

Hanwha believes that diversity and inclusion are vital to our success. We believe that by embracing different ideas and approaches, we enhance our ability to deliver the best results for our employees, our environment, and ultimately our business partners and customers. We foster a culture where all colleagues are able to share their passions and ideas in order that we may collectively embrace and overcome the challenges in our industry, and work toward a brighter future. Hanwha is an Equal Opportunity / Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status, age, or any other federally protected class.