Inventory & Procurement Specialist

Future Electronics; Singapore; On-site; SGD 40,000 - 60,000; Full time

Job summary

Future Electronics is seeking a Product Manager – Asset, externally advertised as Procurement & Inventory Executive, to optimize regional inventory levels and support sales for a product portfolio. The role partners with suppliers to validate lead times, manage stock, and implement programs to reduce excess and bad inventory.

The incumbent will oversee daily purchases through the IMS system, coordinate with Marketing, and ensure timely buy releases, with a focus on stock rotation and RTMs.

Qualifications

• Diploma or equivalent in a relevant field.
• 2 years of relevant purchasing experience is advantageous.
• Strong knowledge of Microsoft Excel is required.

Responsibilities

• Manage daily purchases via IMS for local or global transfers.
• Review backorders to optimize inventory turns and asset value.
• Coordinate stocking programs with Product Marketing and Asset teams.
• Monitor inventory profiles and NCNR/Non-Cancelable items.
• Resolve pricing, receiving, and RTV issues with suppliers and APDC.

Skills

Excel

Inventory management

Vendor management

Purchase orders

Education

Diploma or equivalent

Tools

IMS system

Job description

The internal title for this position is Product Manager – Asset, but it will be advertised externally as Procurement & Inventory Executive to better align with market job titles and candidate expectations.

JOB PURPOSE

The Product Manager – Asset will report to the Senior Product Manager – Asset and is responsible to ensure the optimum management of regional inventory levels for a given product portfolio to meet the requirements of sales for a given business unit, while managing business risk and reducing any excess/bad inventory. The role interfaces extensively with suppliers to validate lead times and /or specific stock. Building and maintaining supplier relationships will also be an integral part of this role.

PRINCIPAL ACCOUNTABILITIES:

Maintain / increase good inventory turns and reduce XB inventory. Prompt buy placement and consistence PBO review.

JOB CONTENT:

• Daily purchases through IMS- Inventory Management System, either local suppliers purchases or global transfers from Memphis or UK
• Purchase backorder review – to monitor the inflow of product PBO (Packed By Owner), to maximize assets via Inventory Management System.
• Coordinate stocking packages with Product Marketing.
• Profile inventory (common bond, customer specific, NCNR (Non-cancelable, Non-Returnable)
• Coordinate programs to decrease bad and excess inventory.
• Resolve pricing discrepancies with marketing / suppliers.
• Resolve receiving discrepancies with APDC (Asia Pacific Distribution Center) / marketing.
• Resolve rejected transfers with Corporate or UK.
• Ensure proper management of RTV (Return To Vendor) quality issues with suppliers.
• Coordinate with Marketer and Senior Product Manager- Asset on stock rotation quantity and amount and arrange returns with APDC and RMA department.
• Ensure prompt release of purchase order to supplier.
• Ensure relevant documents are in place prior to buy related to CUSPEC (Customer Specific) / NCNR parts.
• Ensure all requirements are meet / fulfilled according to Asset Buy Process SOP
• Ensure PBO fulfillment is meet – e.g. POP (Point Of Purchase) budget
• Meet management set quarterly inventory / PBO target.
• Provide guidance to MSR- Marketing Support Representative.
• Weekly review with Senior Product Manager- Asset on Inventory / PBO and all Asset related issue.

REQUIREMENTS:

• At least a Diploma qualification or equivalent in a relevant field of study.
• 2 years of relevant experience in a purchasing or similar capacity is highly advantageous.
• Strong knowledge in Microsoft Excel is required for this position.
• Candidates without prior relevant experience are welcome to apply.

Work Location: ESR BizPark Changi (short walking distance from Expo MRT station)