Sourcing Executive

7 days ago

Singapore HCS ENGINEERING PTE. LTD. Full time

**Sourcing Executive**

A Sourcing Executive's primary role is to identify, evaluate, and select suppliers or vendors to obtain the best possible goods, services, or materials for an organization. This involves researching and analysing potential vendors, negotiating contracts, and managing relationships to ensure cost-effectiveness, quality, and timely delivery.

**Job Scopes & Responsibilities**
- Identifying and Evaluating Suppliers - Research and analyze potential suppliers, considering factors like pricing, quality, reliability, and delivery capabilities.
- Negotiating Contracts - Negotiate terms and conditions with suppliers, including pricing, payment terms, and contract clauses.
- Managing Supplier Relationships - Build and maintain strong relationships with key suppliers to ensure a reliable supply chain and optimize sourcing strategies.
- Ensuring Compliance - Adhere to all relevant regulations and internal policies related to procurement and sourcing.
- Collaborating with Internal Teams - Work with other department, such as Sales, Finance, and Operations, to align sourcing strategies with business needs.
- Developing and Implementing Sourcing Strategies - Propose and implement sourcing strategies to achieve cost savings, improve quality, and ensure timely delivery.
- Supporting Engineering - Collaborate with R&D and product teams to source materials and components for new product launches, ensuring supplier readiness and alignment with product specs including sourcing alternatives and inventory strategies to reduce operational disruption.
- Cost Analysis - Perform detailed cost analysis to identify savings opportunities and ensure sourcing initiatives stay within budget.

**Key Skills and Qualification**
- Must be fluent in English and possess strong communication skills, as liaison with customers and colleagues are a large focus within the job.
- Must be technically inclined and familiar with mechanical accessories and components.
- Diploma/Degree in Mechanical Engineering. Minimum 3-4 years of working experience in relevant field. Working experience in semi-conductor environment an advantage.
- Able to travel and work independently.
- Able to read and understand both 2D and 3D engineering drawings.
- Able to read and understand BOM and source accessories and components accordingly.

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