Executive/senior Executive, Procurement

1 day ago

Singapore YCH GROUP PTE LTD Full time

The Procurement Executive is responsible for supporting procurement activities across various categories while driving procurement excellence. This role focuses on optimizing procurement processes, supporting the implementation of best practices, and ensuring alignment with organizational goals to achieve cost savings, efficiency, and operational effectiveness.

**KEY RESPONSIBILITIES**:
**Procurement Management**:

- Support procurement activities for assigned categories, including sourcing, vendor management, and contract negotiations.
- Execute sourcing strategies to meet organizational needs and achieve cost savings.
- Coordinate with suppliers to ensure the delivery of high-quality goods and services.

**Procurement Excellence**:

- Implement best practices and standardized procedures to drive procurement excellence and efficiency.
- Continuously review and enhance procurement processes to ensure alignment with industry standards and organizational goals.
- Monitor and report on procurement performance, including key performance indicators (KPIs) and cost savings.

**Process Optimization**:

- Support the implementation of procurement processes and procedures to ensure efficiency and effectiveness.
- Identify opportunities for process improvement and standardize procurement practices across YCH Group.
- Monitor and evaluate procurement processes to ensure compliance with best practices and industry standards.

**Supplier Management**:

- Build and maintain strong relationships with key suppliers and stakeholders.
- Assess supplier performance and manage supplier relationships to ensure high-quality service and delivery.
- Negotiate and finalize contracts to secure favourable terms and conditions.

**Cost Management**:

- Monitor and manage procurement budgets to ensure cost-effective purchasing.
- Identify and execute cost-saving opportunities and strategies.

**Contract Management**:

- Draft, review, and manage contracts for services and products.
- Monitor contract compliance and manage the timely renewal of expiring contracts.
- Ensure contracts meet legal and regulatory requirements.

**Compliance and Risk Management**:

- Ensure procurement activities comply with company policies, regulatory requirements, and industry standards.
- Develop and enforce procurement policies and guidelines to mitigate risks and ensure governance.

**Stakeholder Collaboration**:

- Engage with internal stakeholders to understand procurement needs and provide strategic support.
- Facilitate communication between procurement and other departments to align procurement strategies with business objectives.

**QUALIFICATIONS**:

- Diploma or bachelor’s degree in business administration, Supply Chain Management, or related field.
- Proven experience in procurement, preferably with a focus on facility management and indirect buys.
- Strong negotiation and contract management skills.
- Strong understanding of procurement best practices and strategic sourcing.
- Excellent analytical and problem-solving abilities.
- Proficiency in procurement software, ERP systems and Microsoft Office Suite.
- Effective communication and people skills.
- Ability to manage multiple projects and priorities effectively.

Remuneration shall commensurate with relevant work experience.

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