Procurement Manager

2 days ago


Singapore YSB CONSTRUCTION & TRADING PTE LTD Full time

**Key Responsibilities**:

- **Team Leadership & Supervision**:

- Lead, coach, mentor, and develop the procurement team to ensure high performance and a compliance-oriented culture.
- Delegate tasks effectively and monitor progress against KPIs.
- Guide negotiation strategies, vendor management, and procurement best practices.
- **Process Control & Compliance**:

- Ensure procurement policies, procedures, and internal controls are adhered to.
- Maintain compliance with company governance, legal, and regulatory requirements.
- **Cross-Functional Collaboration**:

- Work closely with the project manager, engineering, logistics, finance, and operations teams to align procurement activities with business needs.
- Facilitate communication between stakeholders and suppliers.
- Serve as the key escalation point for procurement-related issues across departments.
- **Performance Monitoring**:

- Track supplier and team performance through regular reviews and reports.
- Identify process gaps and implement improvements.
- **Risk Management**:

- Assess procurement-related risks (supplier reliability, cost escalation, delays) and develop mitigation to ensure business continuity.
- Drive continuous improvement initiatives in procurement processes, systems and vendor engagement models.
- **Reporting & Analysis**:

- Preparing procurement reports, analysing the financial implications of strategies, and communicating results to stakeholders.

**Procurement Strategy**
- **Strategic Sourcing**:

- Develop, implement, and oversee sourcing strategies to ensure cost efficiency, quality, and timely delivery.
- Establish and maintain a competitive supplier base.
- Identify opportunities for cost saving, process efficiency, quality, timely delivery, and supplier consolidation.
- **Supplier Relationship Management**:

- Establish, maintain, and strengthen long-term partnerships with key suppliers and subcontractors for reliability and innovation.
- Lead vendor selection, evaluation, and qualification processes to ensure quality, compliance, and reliability.
- Negotiate favourable contracts, including pricing, terms, and service-level agreements.
- Resolve vendor performance issues and implement corrective action plans when necessary.
- **Cost Optimization**:

- Analyse market trends to identify cost-saving opportunities.
- Implement value engineering and total cost of ownership (TCO) approaches.
- **Market Intelligence**:

- Monitor, stay updated with industry trends, new technologies, and supplier markets to support strategic decisions.
- **Procurement Operation, Sustainability & Compliance**:

- Oversee and manage the end-to-end procurement cycle (RFQ, evaluation, negotiation, PO issuance, and contract management).
- Ensure all procurement activities comply with company policies, legal standards, and industry regulations.
- Approve and review high-value purchase requisitions, supplier contracts, and strategic sourcing decisions.
- Driver transparency and accountability in procurement documentation and audit trails.
- Incorporate ESG (Environmental, Social, and Governance) criteria into procurement strategies.
- Ensure ethical sourcing and supplier compliance with labour and safety standards.
- **Forecasting & Planning**:

- Align procurement plans with business forecasts and project pipelines.
- Develop budgetary cost frameworks to support financial planning.

Requirement:

- Bachelor’s degree in engineering, Supply Chain Management, Business Administration, or related field.
- Minimum 5 to 7 years in a Procurement Manager role, preferably in the construction, civil engineering or mechanical sector.
- The ability to negotiate effectively with vendors is crucial for securing goods and service deals.
- The capacity to develop long-term procurement strategies and align them with organizational goals.
- Strong communication skills are needed to build relationships with suppliers and communicate with internal teams and stakeholders.
- Excellent interpersonal, communication, leadership, and problem-solving skills.
- Ability to work in a fast-paced, site-based environment and manage a diverse workforce.
- Proficiency with a strong command of technical and functional skills.
- High level of integrity and ability to handle confidential information with discretion.
- Strong negotiation and conflict resolution skills.

Notes:
Working location : West Zone

Working days : 5.5 Days weekly

Working Hours : 8.30am to 5.30pm



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