Procurement Executive

LE TACH PTE. LTD.; Singapore; On-site; SGD 40,000 - 55,000; Full time

Job summary

A procurement-focused company in Singapore is seeking a detail-oriented Procurement Executive to manage supplier relationships, negotiate contracts, and ensure compliance in purchasing. The ideal candidate should possess a Bachelor’s degree and at least 1 year of experience in procurement or supply chain management, with strong negotiation and analytical skills. This role involves working under pressure and collaborating with various departments.

Qualifications

• Minimum 1 year of experience in procurement, purchasing, or supply chain management.

Responsibilities

• Identify, evaluate, and manage relationships with suppliers.
• Negotiate prices, payment terms, and contracts.
• Execute and obtain multiple suppliers quotations for comparison.
• Analyze market trends and procurement data for cost-saving opportunities.
• Ensure procurement compliance with company policies and regulations.
• Work closely with inventory and logistics teams to maintain stock levels.
• Coordinate with internal departments on procurement needs.
• Maintain procurement records and provide insights on spending patterns.

Skills

Strong negotiation and communication skills

Knowledge of procurement software and ERP systems

Analytical and problem-solving abilities

Ability to work under pressure and meet deadlines

Understanding of contract management and supplier evaluation

Education

Bachelor’s degree in Supply Chain Management, Business Administration, or a related field

Job description

The ideal candidate will be responsible for sourcing suppliers, negotiating contracts, managing procurement processes, and ensuring cost-effective purchasing while maintaining quality and compliance standards.

Key Responsibilities

1. Vendor Management: Identify, evaluate, and manage relationships with suppliers to ensure reliable sourcing of goods and services.
2. Negotiation & Contracting: Negotiate prices, payment terms, and contracts to secure the best deals while maintaining quality standards.
3. Procurement Process: Execute and obtain multiple suppliers quotations for comparison, manage purchase orders, ensure timely deliveries, and resolve any supply chain issues.
4. Cost Optimization: Analyze market trends and procurement data to identify cost-saving opportunities.
5. Compliance & Risk Management: Ensure procurement activities comply with company policies, industry regulations, and ethical standards.
6. Inventory Coordination: Work closely with inventory and logistics teams to maintain optimal stock levels.
7. Stakeholder Collaboration: Coordinate with internal departments to understand their procurement needs and provide effective solutions.
8. Reporting & Analysis: Maintain procurement records, prepare reports, and provide insights on spending patterns and supplier performance.

Key Requirements

• Education: Bachelor’s degree in Supply Chain Management, Business Administration, or a related field.
• Experience: Minimum 1 years of experience in procurement, purchasing, or supply chain management.
• Skills:
  • Strong negotiation and communication skills
  • Knowledge of procurement software and ERP systems
  • Analytical and problem-solving abilities
  • Ability to work under pressure and meet deadlines
  • Understanding of contract management and supplier evaluation

Job Summary

We are seeking for a detail-oriented and proactive Procurement Executive to join our team. Must be a team player and able to work under pressure.