Purchasing Executive (Bukit Batok, $3.5K)

Search Index Pte Ltd; Singapore; On-site; SGD 50,000 - 70,000; Full time

Job summary

A leading procurement firm in Singapore is looking for a professional to manage supplier relationships, negotiate contracts, and oversee budget management. You will identify supply chain risks, conduct market research, and collaborate with various departments. Relevant experience in purchasing or procurement is essential. This role offers opportunities for process improvement and organizational collaboration.

Qualifications

• Relevant working experience in purchasing or procurement.

Responsibilities

• Build and maintain strong relationships with key suppliers and vendors.
• Negotiate contracts and agreements with suppliers.
• Develop and manage the purchasing budget.
• Identify and mitigate supply chain risks.
• Conduct thorough research on suppliers, products, and market conditions.
• Monitor supplier performance metrics and KPIs.
• Collaborate with other departments to align purchasing activities.
• Identify opportunities for process improvement.

Job description

Overview

Build and maintain strong relationships with key suppliers and vendors to ensure quality, timely delivery, and cost-effectiveness

Negotiate contracts and agreements with suppliers, ensuring favorable terms and conditions.

Budget Management

Develop and manage the purchasing budget, ensuring alignment with organizational financial goals.

Monitor and analyze spending patterns to identify cost-saving opportunities.

Supply Chain Risk Management

Identify and mitigate supply chain risks, including supplier reliability and market fluctuations.

Develop contingency plans to address potential disruptions in the supply chain.

Market Research and Analysis

Conduct thorough research on suppliers, products, and market conditions to inform purchasing decisions.

Analyze market trends and pricing to make informed recommendations for procurement strategies.

Performance Measurement

Monitor supplier performance metrics and key performance indicators (KPIs) to ensure compliance with contracts and service levels.

Prepare regular reports for senior management on procurement activities, savings, and supplier performance.

Cross-Functional Collaboration

Collaborate with other departments (e.g., finance, operations, and production) to align purchasing activities with organizational needs.

Participates-functional teams to support new product development and other initiatives.

Identify opportunities for process improvement within the procurement function.

Stay updated on industry trends and best practices to enhance procurement efficiency and effectiveness.

Requirements

• Relevant working experience in purchasing or procurement