Procurement Assistant Manager
2 weeks ago
Key Responsibilities:
Supplier Management:Identify, evaluate, and onboard new suppliers/vendors for the FMCG products.
Establish and maintain strong relationships with existing suppliers to ensure a stable supply of materials and goods.
Conduct periodic supplier performance evaluations and address any issues or discrepancies.
Contract Negotiations:Negotiate favorable terms, conditions, and pricing with suppliers to secure cost-effective agreements while ensuring quality standards.
Draft and review procurement contracts and agreements, ensuring compliance with company policies and legal requirements.
Inventory Control:Work closely with the Inventory team to monitor stock levels and ensure optimal inventory turnover.
Implement inventory management strategies to minimize stockouts and excess inventory, thus optimizing working capital.
Cost Management:Analyze and benchmark prices to identify cost-saving opportunities without compromising on product quality.
Collaborate with the Procurement Manager to develop cost-saving initiatives and implement cost reduction strategies.
Procurement Process Improvement:Continuously improve procurement processes to enhance efficiency and reduce lead times.
Implement best practices and standard operating procedures (SOPs) to streamline procurement activities.
Market Research and Analysis:Stay updated with industry trends, market dynamics, and emerging supplier capabilities.
Conduct research to identify potential new suppliers and innovative procurement solutions.
Compliance and Documentation:Ensure compliance with relevant regulations and company policies throughout the procurement process.
Maintain accurate and up-to-date procurement records and documentation.
Cross-functional Collaboration:Collaborate with various internal departments such as production, logistics, quality assurance, and finance to ensure smooth operations and alignment with business objectives.
Qualifications and Requirements:
- Bachelor's degree in Business Administration, Supply Chain Management, or a related field. A master's degree can be an added advantage.
- Proven experience (typically 3-5 years) in procurement, sourcing, or supply chain management, preferably in the FMCG industry.
- Strong negotiation skills and the ability to build and maintain relationships with suppliers.
- Excellent analytical and problem-solving abilities, with a data-driven approach to decision-making.
- Familiarity with procurement software and enterprise resource planning (ERP) systems is advantageous.
- Knowledge of industry regulations, supplier management best practices, and market trends.
- Effective communication and interpersonal skills to work collaboratively with internal teams and external stakeholders.
**Salary**: RM6,000.00 - RM6,500.00 per month
Ability to commute/relocate:
- Ampang: Reliably commute or planning to relocate before starting work (required)
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