Procurement Specialist
3 weeks ago
This is a Mandarin Speaking Procurement Specialist opportunity in the Beauty Industry. As a key member of our team, you will be responsible for order placement and tracking, logistics planning, supplier management, vendor negotiation, and optimizing lead times to maximize operational efficiency.
Key Responsibilities:
- Maintain accuracy within our ERP system by ensuring the correct SKU's, quantities, unit price, lead times, and terms and conditions.
- Manage vendor production progress by providing weekly status updates to our Operations teams.
- Proactively monitor changes in orders and communicate timely with vendors and internal departments.
- Ensure the accuracy and completeness of information in payment documents to facilitate smooth financial transactions.
Logistics Planning and Strategy:
Create logistical plans and manage strategies to ensure cost-saving/time-efficient shipping solutions.
Evaluate and select shipping options that meet our budget requirements.
Maintain compliance and execution of all necessary export/import documents.
C coordinate with vendors to consolidate goods in shipping containers to optimize shipping costs.
Supplier Management:
Maintain an updated supplier database in our ERP system.
Evaluate supplier performance on a monthly basis and provide supplier scorecards to Operations.
Establish and maintain strong relationships with Suppliers to facilitate effective communication and negotiation.
Vendor Negotiation:
Negotiate pricing, terms, and contracts with suppliers to ensure favorable agreements that align with company goals.
Continuously assess vendor performance and identify opportunities for cost savings and process improvements.
Purchase Price Variance (PPV) Management:
Monitor and analyze purchase price variance, identifying root causes and implementing corrective actions.
Work closely with vendors to address pricing discrepancies and negotiate cost reductions.
Collaborate with finance and accounting teams to ensure accurate tracking and reporting of PPV metrics.
Requirements:
· Bachelor's degree in Supply Chain Management, Business, or a related field.
· Proven experience in demand planning, vendor negotiation, and supply chain management.
· Strong analytical and quantitative skills, with proficiency in forecasting tools and ERP systems.
· Excellent communication and negotiation skills.
· Ability to work collaboratively in a cross-functional environment.
· Detail-oriented with a focus on accuracy and precision.
· Strong problem-solving and decision-making abilities.
Experience:
· Minimum 5 years of experience in procurement (preferably in RM) or a related role.
· Experience in negotiating contracts and agreements with vendors.
· Knowledge of supply chain best practices and industry trends.
Salary Range:$46,000.00-$60,000.00 per year
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