Senior/Project Buyer

HANWHA OFFSHORE SOLUTIONS SINGAPORE PTE. LTD.; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

A leading offshore solutions company in Singapore is seeking a Senior/Project Buyer to develop and execute sourcing strategies for equipment packages. The ideal candidate will have 5–8 years of experience in the Oil & Gas industry, skilled in sourcing, negotiation, and supplier management. This role offers an opportunity to drive cost optimization and manage supplier relationships within a dynamic environment.

Qualifications

• Minimum 5–8 years of Oil & Gas industry experience in an EPCI(O) environment.
• Strong time management and problem-solving capabilities.
• Flexible and adaptable to operational changes.

Responsibilities

• Develop and execute sourcing strategies based on equipment packages.
• Conduct market analyses and optimize sourcing processes.
• Negotiate contracts and maintain supplier relationships.

Skills

Sourcing

Negotiation

Contract management

Market/Product/Supplier analysis

Relationship management

Education

Bachelor’s degree in engineering or business

Master’s degree

Job description

Role Overview

The Senior/Project Buyer will develop and execute the Sourcing Strategy based upon the go-to-market approach of assigned equipment packages driving optimized business performance and continuous process improvement.

Responsibilities

Sourcing

• Conduct market analyses, develop sourcing strategies, and optimize sourcing processes to achieve cost and performance targets.
• Compile all documents associated with the scope prior to RFx release.
• Issue RFx to the project bidder list and ensure suppliers are qualified/approved prior to award.
• Verify bid(s) completeness and/or ability to disqualify incomplete bid(s); disburse the technical bid to designated Package Engineer for review.
• Prepare the Commercial Bid Evaluation of bids per scope; gather the Technical Bid Evaluation and prepare Recommendation for Award to present to the PMT for acceptance.
• Organize and conduct bid clarification meetings with Suppliers.

Cost Optimization

• Implement cost reduction projects and provide market insights to support business planning.
• Negotiate optimized terms securing extended payment terms, volume-based discounts, and mutually beneficial contracts with suppliers.
• Explore cost-effective regions or alternative suppliers to reduce costs without compromising quality.
• Use advanced analytics to identify spend trends and eliminate waste from processes to uncover actionable insights for savings.

Supplier Management

• Develop and maintain relationships with suppliers, negotiate contracts, and ensure compliance with company standards.
• Drive Supplier Interest to Bid and issue Non-Disclosure Agreements (NDAs) ahead of RFQ.

Contract Management

• Negotiate a winning contract per category strategy; engage Legal, Category Management, and/or Supplier Relationship Management to support T&Cs as necessary.
• Negotiate commercial deviations in collaboration with Strategic Sourcing Team members for optimal results.

Risk Management

• Collaborate within the Strategic Sourcing Team to identify and mitigate risk associated with international trade such as supply chain disruptions or regulatory issues. Manage package claims (e.g., liquidated damages, non-conformances, etc.)

Requirements

• Bachelor’s degree in engineering or business (master’s is a plus).
• Minimum 5~8 years of Oil & Gas industry knowledge and experience in EPCI(O) environment.
• Skilled in sourcing, market/product/supplier analysis, negotiation, and contractual formulation.
• Strong time management skills and problem-solving capabilities.
• Experience in managing relationships with internal and external stakeholders.
• Possess good problem solving skills, flexible and adaptable to operational changes.
• Good negotiation, contract management and savings management skills.