Procurement Sourcing Lead

3 weeks ago


Singapur, Singapore OCBC Bank Full time
Job Summary

The Procurement Sourcing Lead plays a critical role in developing and implementing sourcing strategies that align with the organization's goals and objectives. This position is responsible for managing supplier relationships, negotiating contracts, and ensuring the availability of quality goods and services at competitive prices.

Key Responsibilities
  1. Sourcing Strategy Development: Develop and implement comprehensive sourcing strategies that meet the organization's needs and objectives.
  2. Negotiation and Contract Management: Lead negotiations with suppliers to secure favorable terms, pricing, and contractual agreements while ensuring compliance with legal and regulatory requirements.
  3. Supplier Relationship Management: Develop and maintain strong relationships with key suppliers, conduct regular supplier performance reviews, and drive continuous improvement.
  4. Cost Optimization: Analyze spend data, conduct cost-benefit analysis, and implement cost reduction initiatives to achieve savings targets.
  5. Risk Management: Identify and mitigate risks within the procurement process, including supply chain disruptions, quality issues, and compliance risks.
  6. Cross-functional Collaboration: Collaborate with internal stakeholders to understand their requirements and align sourcing strategies.
Requirements
  • Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
  • Proven experience as a Procurement Sourcing Lead or in a similar procurement role.
  • Strong knowledge of procurement principles, strategic sourcing methodologies, and contract negotiation.
  • Excellent analytical and problem-solving skills, with the ability to analyze data, identify trends, and make data-driven decisions.
  • Strong negotiation and communication skills, with the ability to build and maintain relationships with internal and external stakeholders.
  • Proficient in using procurement software and tools.
  • Knowledge of relevant industry regulations and compliance requirements.


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