Inventory & Procurement Specialist

FUTURE ELECTRONICS INC. (DISTRIBUTION) PTE LTD; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

FUTURE ELECTRONICS INC. (DISTRIBUTION) PTE LTD in Singapore seeks a Product Manager-Asset to optimize regional inventory levels for a product portfolio, while coordinating with suppliers to ensure timely replenishment.

The role focuses on managing stock with the Asset Buy Process SOP, coordinating with Marketing and Senior Product Manager- Asset, and driving inventory turns to meet quarterly targets.

Qualifications

• Diploma qualification or equivalent in a relevant field.
• 2 years of experience in purchasing or a similar role preferred.
• Candidates with no experience are welcome to apply.

Responsibilities

• Daily purchases through IMS – local suppliers or global transfers.
• Review backorders to maximize asset flow.
• Coordinate stocking packages with Product Marketing.
• Profile inventory (common bond, customer specific, NCNR).
• Coordinate programs to decrease bad and excess inventory.
• Resolve pricing discrepancies with marketing/suppliers.
• Resolve receiving discrepancies with APDC/marketing.
• Ensure prompt release of purchase orders to suppliers.
• Ensure documents are in place prior to buy related to CUSPEC/NCNR parts.
• Meet quarterly inventory/PBO targets.

Skills

Inventory management

Purchasing

Supplier coordination

Stock control

Education

Diploma qualification or equivalent

Job description

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 in order to maximize assets via Inventory Management System.

• Coordinate stocking packages with Product Marketing.

• Profile inventory (common bond, customer specific, NCNR)

• Coordinate programs to decrease bad and excess inventory

• Resolve pricing discrepancies with marketing / suppliers.

• Resolve receiving discrepancies with APDC / marketing.

• Resolve rejected transfers with Corporate or UK.

• Ensure proper management of RTV 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 / NCNR parts.

• Ensure all requirements are meet / fulfilled according to Asset Buy Process SOP

• Ensure PBO fulfillment is meet – e.g. POP 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.

RECOMMENDED CREDENTIALS:

QUALIFICATIONS

• A Diploma qualification or equivalent in a relevant field of study.

EXPERIENCE

• 2 years of experience in a purchasing or similar capacity is preferred.

• Candidate with no experience are welcome to apply.

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