Procurement Senior Executive
Full-time
Senior Executive
2 months ago
We are seeking a detail-oriented and commercially driven
Procurement Executive to manage sourcing, pricing strategy, and inventory
planning. This role.....
We are seeking a detail-oriented and commercially driven
Procurement Executive to manage sourcing, pricing strategy, and inventory
planning. This role plays a critical part in ensuring competitive pricing,
consistent product availability, and informed decision-making on product
performance.
Key Responsibilities
1. Market Research & Pricing Strategy
- Conduct
regular market research to benchmark product pricing against competitors
- Develop
and recommend pricing strategies to ensure competitiveness and
profitability
- Monitor
market trends, supplier pricing movements, and cost fluctuations
2. Supplier Sourcing & Management
- Identify,
evaluate, and negotiate with suppliers to secure the best pricing and
terms
- Build
and maintain strong relationships with key suppliers
- Ensure
supplier reliability, product quality, and timely delivery
3. Demand Planning & Forecasting
- Analyze
sales data and trends to forecast demand accurately
- Plan
procurement quantities to ensure optimal stock levels
- Prevent
overstocking and stock shortages through effective planning
4. Inventory Management
- Monitor
inventory levels to ensure products are always in stock
- Coordinate
with operations and sales teams on stock requirements
- Implement
reorder strategies and maintain stock efficiency
5. Product Performance Monitoring
- Track
product sales performance and identify slow-moving or underperforming
items
- Provide
timely updates and recommendations on whether to continue or discontinue
products
- Work
closely with management to optimize product mix
6. Reporting & Analysis
- Prepare
regular reports on pricing, stock levels, and product performance
- Provide
insights and recommendations to support business decisions
Requirements
- Prior
experience in procurement, purchasing, or supply chain (FMCG/F&B
preferred)
- Strong
analytical skills with experience in pricing and demand forecasting
- Good
negotiation and communication skills
- Proficient
in Excel or inventory management systems
- Ability
to work independently and make data-driven decisions
Preferred Qualifications
- Experience
in oils, food ingredients, or wholesale distribution
- Familiarity
with inventory forecasting tools or ERP systems
Key Traits
- Commercially
savvy
- Detail-oriented
- Proactive
and responsive
- Strong
sense of ownership
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