Executive (Sourcing & Product Development)

1 week ago

Singapore NTUC Fairprice Full time $90,000 - $120,000 per year

Sourcing & Product Development is a key role within the organization, responsible for

the entire lifecycle of new products. This encompasses sourcing and negotiating with

suppliers, ensuring product quality and compliance, and managing the product's

journey from concept to shelf. The role requires a strong understanding of the product

development process, commercial acumen, and the ability to build and maintain

relationships with suppliers.

Key Responsibilities:

  • Product Development and Management: Oversee all stages of product

development, from initial sourcing and sampling to final production, shipping, and

product launch.

  • Supplier Identification and Sourcing: Proactively identify potential new suppliers

through various channels

  • Tender Management: Prepare and execute sourcing tenders, analyze results, and

develop negotiation strategies based on competitive offerings and cost analysis.

  • Negotiation and Contract Development: Negotiate and establish contracts with

suppliers, focusing on key terms such as volume, price, quality, logistics

  • Supplier Relationship Management: Engage in regular negotiations and business

reviews with suppliers to foster continuous improvement, innovation, and ensure

adherence to quality and service agreements.

  • Cross-Functional Collaboration: Liaise with key stakeholders across various

departments, including Brand & Business Development, Research & Development

(R&D), Inventory, Marketing, and Operations, to ensure alignment and successful

product launches.

  • Inventory and Forecast Management: Monitor inventory levels and collaborate with

Inventory and Demand Planning teams to align forecasts with trade plans.

  • Promotion Management: Manages promotion planning and ensure products

sales and penetration

JOB REQUIREMENTS
  • Degree in any discipline
  • Team player and ability to collaborate and work effectively with a variety of

stakeholders

  • Resourceful, problem solver and result oriented
  • Strong business acumen and data analytic skills
SKILLS

NOT APPLICABLE

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