Procurement & Inventory Executive

FUTURE ELECTRONICS INC. (DISTRIBUTION) PTE LTD; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading electronics distribution company in Singapore is seeking a Product Manager-Asset to manage regional inventory and ensure optimal purchasing processes. The ideal candidate will coordinate with suppliers and internal teams to maintain inventory and resolve discrepancies. Strong experience in inventory management is essential for success in this role.

Qualifications

• Experience in inventory management and product purchasing.
• Ability to coordinate with various stakeholders.
• Strong analytical skills to resolve discrepancies.

Responsibilities

• Manage regional inventory levels for a product portfolio.
• Ensure prompt order releases to suppliers.
• Coordinate programs to decrease excess inventory.

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.

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.