Sourcing Executive

GRAND VENTURE TECHNOLOGY PRIVATE LIMITED; Singapore; On-site; SGD 40,000 - 71,000; Full time

Job summary

GRAND VENTURE TECHNOLOGY PRIVATE LIMITED is seeking a Procurement Specialist to source suppliers, analyze costs, and manage BOM costing. You will negotiate terms, monitor material costs, and collaborate with Engineering, Production, Planning and Sales to meet deadlines in a manufacturing environment.

The role requires a Diploma in a related field and 2-5 years of experience in costing, sourcing, procurement or purchasing.

Qualifications

• Diploma or equivalent in a related field.
• 2-5 years experience in costing, sourcing, procurement or purchasing in manufacturing.

Responsibilities

• Source and assess suppliers and vendors while requesting and comparing quotations.
• Prepare cost analyses and product cost breakdowns.
• Negotiate pricing, payment terms, and delivery schedules.
• Monitor material costs and identify opportunities for cost savings.
• Maintain supplier relationships and performance records.
• Support procurement, budgeting, and inventory planning initiatives.
• Ensure compliance with sourcing and purchasing policies.

Skills

2-5 years experience in costing, S0urc

Sourcing precision machining

Sheet metal sourcing

BOM costing

Product cost analysis

RFQ/RFP processes

Supplier selection

Vendor management

Excel

ERP/MRP

Analytical skills

Communication skills

Problem-solving

Cross-functional collaboration

Time management

Multitasking

Education

Diploma in Supply Chain Management, Procurement, Business Administration, Engineering, or equivalent

Tools

Excel

ERP/MRP

Job description

Job Responsibilities:

• Source and assess suppliers and vendors while requesting and comparing quotations.
• Prepare comprehensive cost analyses and product cost breakdowns.
• Negotiate pricing, payment terms, and delivery schedules effectively.
• Monitor material costs and identify opportunities for cost savings.
• Maintain supplier relationships and performance records diligently.
• Support procurement, budgeting, and inventory planning initiatives.
• Ensure compliance with sourcing and purchasing policies.

Requirements:

• Diploma in Supply Chain Management, Procurement, Business Administration, Engineering, or equivalent.
• Minimum of 2-5 years of experience in costing, sourcing, procurement, or purchasing within a manufacturing environment.
• Demonstrated experience in sourcing precision machining or sheet metal
• Strong knowledge of BOM (Bill of Materials) costing and product cost analysis.
• Familiarity with RFQ/RFP processes, supplier selection, and vendor management.
• Proficient in Microsoft Excel and ERP/MRP
• Strong analytical, communication, and problem-solving skills.
• Ability to work with cross-functional teams, including Engineering, Production, Planning, and Sales.
• Capacity to work under tight deadlines and manage multiple projects simultaneously.