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Executive - Ocean Freight Procurement

2 weeks ago

Singapore IFFCO Full time

Job Summary- To partner with different Business Units across the IFFCO Group assigned region(s) to ensure demand consolidation, on-time freight procurement, space availability and get support in concluding long term agreements, ensuring reliable and time-bound service across freight corridors.- Roles & Responsibilities- Interface between Business unit Supply chain/Customer service/Sales teams and Shipping lines/Freight Forwarders/and other government bodies (if required) to facilitate smooth transaction of all export/import/trans-shipment by ocean mode.
- Consolidate ocean freight demand plans (import& exports both) from business units for contacting.
- Negotiate favorable Spot buying rates to maximize profit margin.
- Negotiate on discounts detention and demurrage for long staying idle containers.
- Supporting BU in optimizing the space utilization with carriers on various freight related contracts, Spot, VIP or term contracts
- Submit monthly operations report concerning service trends, freight trends and freight variation, detention minimizing and cost containment etc.
- Renew all service contracts and credit terms prior to expiry.
- Claims for service failure with the carriers or service providers.
- Create dashboard for benchmarking & reporting purposes.
- Annual budget preparation.
- KPIs- Mark-to-market savings benchmarking.
- Identify & implement cost savings initiatives.
- Incidents on Service failure to be kept no more than 20% of the total shipments
- Negotiation with carriers and service provider to obtain a competitive freight strategy of at least 10% off the current spot market for lanes for regularly shipped lanes.
- Pro activeness to highlight and mitigate on freight related risks to BU and sales team.
- Building strategic partnership with carriers and service provider
- Ability to mitigate claims
- Work experience requirement- Up to 5 years of experience in dealing with major carriers, forwarders and merchandize traders for ocean container freight procurement.- Qualification- Bachelor’s degree in Supply chain, Logistics or Shipping- Skills- Strong understanding of shipping and incoterms.
Sound knowledge in freight budget management and control.
Knowledge of INCO terms, port operating processes, freight movements, local customs documentation
Experience in working across multi geographies / multi-cultural environments.- Competencies- Ownership & Result Orientation- Vessel Charter Management- Industry Regulations and Norms- Cargo Operations- Self and Team Management- Planning & Decision Making- Strategic Thinking- Microsoft Office Tools - Excel, Word and PowerPoint- Advanced Excel- Commercial Accumen**Business Unit**:IFFCO Singapore. (4778)

**Business Group**:Oils & Fats (Singapore) (4777)