Procurement & Inventory Executive

13 hours ago

Changi East Region, Singapore Future Electronics Full time $60,000 - $80,000 per year

The internal title for this position is
Product Manager – Asset
, but it will be advertised externally as
Procurement & Inventory Executive
to better align with market job titles and candidate expectations.

JOB PURPOSE

The Product Manager – Asset will report to the Senior Product Manager – Asset and is responsible to ensure the optimum management of regional inventory levels for a given product portfolio to meet the requirements of sales for a given business unit, while managing business risk and reducing any excess/bad inventory. The role interfaces extensively with suppliers to validate lead times and /or specific stock. Building and maintaining supplier relationships will also be an integral part of this role.

PRINCIPAL ACCOUNTABILITIES:

Maintain / increase good inventory turns and reduce XB inventory. Prompt buy placement and consistence PBO review.

JOB CONTENT:

  • Daily purchases through IMS- Inventory Management System, either local suppliers purchases or global transfers from Memphis or UK
  • Purchase backorder review – to monitor the inflow of product PBO (Packed By Owner), to maximize assets via Inventory Management System.
  • Coordinate stocking packages with Product Marketing.
  • Profile inventory (common bond, customer specific, NCNR (Non-cancelable, Non-Returnable)
  • Coordinate programs to decrease bad and excess inventory.
  • Resolve pricing discrepancies with marketing / suppliers.
  • Resolve receiving discrepancies with APDC (Asia Pacific Distribution Center) / marketing.
  • Resolve rejected transfers with Corporate or UK.
  • Ensure proper management of RTV (Return To Vendor) quality issues with suppliers.
  • Coordinate with Marketer and Senior Product Manager- Asset on stock rotation quantity and amount and arrange returns with APDC and RMA department.
  • Ensure prompt release of purchase order to supplier.
  • Ensure relevant documents are in place prior to buy related to CUSPEC (Customer Specific) / NCNR parts.
  • Ensure all requirements are meet / fulfilled according to Asset Buy Process SOP
  • Ensure PBO fulfillment is meet – e.g. POP (Point Of Purchase) budget
  • Meet management set quarterly inventory / PBO target.
  • Provide guidance to MSR- Marketing Support Representative.
  • Weekly review with Senior Product Manager- Asset on Inventory / PBO and all Asset related issue.

REQUIREMENTS:

  • At least a Diploma qualification or equivalent in a relevant field of study.
  • 2 years of relevant experience in a purchasing or similar capacity is highly advantageous.
  • Strong knowledge in Microsoft Excel is required for this position.
  • Candidates without prior relevant experience are welcome to apply.

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