Procurement Manager

2 days ago

West Region, Singapore BIDFOOD SINGAPORE PTE. LTD. Full time $80,000 - $120,000 per year

Key Objectives

Develop and manage the sourcing programs and procurement of ambient food and non-food categories as a competitive advantage to Bidfood.  As the champion of these categories in the business your relationships will ensure support from the leading suppliers to prioritise Bidfood as a strategic customer.  Success is to maximise sales and DIFOT while avoiding all out of stocks, continually reviewing to optimize the product range and ensure that the category performance aligns with Bidfood's overall business objectives for growth.

Main Duties & Responsibilities

Supplier Relationship Management

· Develop and maintain strong relationships with suppliers to achieve preferential engagement with Bidfood in the form of best pricing, priority stock allocation, market intel and opportunities for special deals, new products and marketing support ahead of other Singapore buyers.

· Facilitate collaboration with suppliers for innovation in buying programs or product development that provide opportunities for greater competitive advantage through pricing, product availability or new product innovation.

Cost and terms negotiation

· Negotiate aggressively but fairly to ensure best cost price and payment terms to Bidfood at all times.

· Develop below-the-line commercial terms in the form of payment discounts, growth incentives, marketing rebates, sales achievement rebates, volume discounts and other financial benefits that provide value to the business.

Purchasing & Inventory Management

· Maintain accurate and complete weekly/monthly forecasts for processors that ensure supply to Bidfood is prioritised and pricing competitiveness over-indexes on current volumes.

· Monitor inventory levels daily to optimise replenishment planning and identify slow moving lines.

· Take required action quickly and decisively to ensure slow moving stock is cleared well before expiry date, to minimise obsolescence and write-off.

· Work closely with Inventory team to ensure space capacity and inventory planning are aligned with incoming shipments prior to stock ordering.

· Plan and execute stock replenishment by way of purchase orders.

Category Management

· Analyse market and consumption trends, the competitive landscape, supply-chain movements and processor/production volumes to identify opportunities and threats within the category.

· Maintain a detailed understanding of the price drivers affecting pricing per product sku into Singapore and its impact on buy/hold/clear position that Bidfood needs to take.

· Develop and implement category strategies to achieve business objectives and goals that support market and sales team opportunities for growth

· Working very closely with the sales and business development teams curate a product assortment within the category, considering factors like product supply continuity, quality, pricing, and consumer demand.

· Drive the growth and development of Bidfood's private label assortment in alignment with market demand, customer needs, and business objectives.

· Identify new products/suppliers that fulfil range gaps whether due to changing supplier circumstances or new growth opportunities.

· Monitor and manage the performance of products to continually identify poor performing lines for delisting and identify new product opportunities that will enhance the product range offer.

· Ensure that all products meet relevant importation regulations and food safety standards.

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