Procurement Specialist

2 weeks ago


Singapore NTS COMPONENTS SINGAPORE PTE. LTD. Full time
Procurement Manager

At NTS COMPONENTS SINGAPORE PTE. LTD., we are seeking a highly skilled Procurement Manager to join our team. As a key member of our operations team, you will be responsible for ensuring the smooth flow of inventory and purchasing processes.

Main Responsibilities:
  • Manage inventory to ensure allowable inventory levels are maintained in line with monthly revenue targets.
  • Drive the procurement of the right parts at the right time to meet business needs.
  • Accountable for managing incoming inventory to meet NTS allowable inventory targets.
  • Ensure timely closure of non-conforming products (NC's) by coordinating with suppliers and buyers.
  • Monitor and fulfill supplier shortages to meet NTS target revenues.
  • Ensure smooth processing of payments with finance by resolving invoice mismatches with suppliers.
  • Work closely with suppliers to secure capacity and lead time reduction initiatives.
  • Drive continuous cost and lead time reduction through purchasing and sourcing operation efficiency initiatives.
  • Ensure compliance with regulatory requirements by updating and accurate purchasing parameters in Navision.
  • Lead a team of buyers and NPI strategic buyers to ensure smooth flow and develop their skills through training and development plans.
Requirements:
  • Negotiation skills to drive supplier performance and cost reduction.
  • Inventory management expertise to ensure optimal inventory levels.
  • Cost management skills to drive continuous cost reduction.
  • Data management skills to ensure accurate purchasing parameters.
  • People management skills to lead and develop a team.

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