Contracts Negotiation: Negotiate contracts, pricing, and terms with suppliers to secure the best deals.
Inventory Management: Manage inventory level to ensure adequate stock without overstocking, forecast demand. Review and analyse sales data to adjust purchasing strategies as needed. Anticipate supply problem and plan accordingly.
Budget Management: Monitor purchasing budgets, prepare report on purchasing activities, costs and budget variance, and implement cost-saving measures. Analyse total cost of ownership, suggest cost reduction strategies, and source for new suppliers.
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• Maintaining supplier database, purchase records, and related documentation. Ensure that systems are kept up to date with the most current procurement information.
• Maintain proper and complete documentation filing of purchase order, invoices, delivery and goods received note, ensure full set of documents are sent to accounts for payment.
• Monitor and coordinate stock re-ordering and delivery, ensure stock is on healthy level.
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To contribute to Company’s Cash Flow Management, Cost of goods target and Gross profit by achieving high forecast accuracy and optimisation of inventory control.
To maintain and track all Purchasing expenses in within approved annual budget.
To implement Demand Planning based on deep understanding of company’s sales planning so that the company’s operations are not impacted and no loss of sales opportunity.
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Support events and campaigns, including sourcing and comparing doorgifts, promotional items, non-trade merchandise, and other event-related materials.
Evaluate external vendors when event items are outsourced, ensuring cost, quality, and reliability meet requirements.
Collaborate with multiple Heads of Departments (HoDs) to identify purchasing needs (e.g., packaging materials, consumables, operational support items).
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