The internal title for this position is Product Manager - Asset, but it will be advertised externally as Procurement & Inventory Executive to better align with market job titles and candidate expectations.
JOB PURPOSE
The Product Manager - Asset will report to the Senior Product Manager - Asset and is responsible to ensure the optimum management of regional inventory levels for a given product portfolio to meet the requirements of sales for a given business unit, while managing business risk and reducing any excess/bad inventory. The role interfaces extensively with suppliers to validate lead times and /or specific stock. Building and maintaining supplier relationships will also be an integral part of this role.
PRINCIPAL ACCOUNTABILITIES:
Maintain / increase good inventory turns and reduce XB inventory. Prompt buy placement and consistence PBO review.
JOB CONTENT:
- Daily purchases through IMS- Inventory Management System, either local suppliers purchases or global transfers from Memphis or UK
- Purchase backorder review - to monitor the inflow of product PBO (Packed By Owner), to maximize assets via Inventory Management System.
- Coordinate stocking packages with Product Marketing.
- Profile inventory (common bond, customer specific, NCNR (Non-cancelable, Non-Returnable)
- Coordinate programs to decrease bad and excess inventory.
- Resolve pricing discrepancies with marketing / suppliers.
- Resolve receiving discrepancies with APDC (Asia Pacific Distribution Center) / marketing.
- Resolve rejected transfers with Corporate or UK.
- Ensure proper management of RTV (Return To Vendor) quality issues with suppliers.
- Coordinate with Marketer and Senior Product Manager- Asset on stock rotation quantity and amount and arrange returns with APDC and RMA department.
- Ensure prompt release of purchase order to supplier.
- Ensure relevant documents are in place prior to buy related to CUSPEC (Customer Specific) / NCNR parts.
- Ensure all requirements are meet / fulfilled according to Asset Buy Process SOP
- Ensure PBO fulfillment is meet - e.g. POP (Point Of Purchase) budget
- Meet management set quarterly inventory / PBO target.
- Provide guidance to MSR- Marketing Support Representative.
- Weekly review with Senior Product Manager- Asset on Inventory / PBO and all Asset related issue.
REQUIREMENTS:
- At least a Diploma qualification or equivalent in a relevant field of study.
- 2 years of relevant experience in a purchasing or similar capacity is highly advantageous.
- Strong knowledge in Microsoft Excel is required for this position.
Work Location: ESR BizPark@Changi (short walking distance from Expo MRT station)
