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
