About this role
Position Description (Summary): Own end-to-end sourcing, cost, supply and inventory, Paints, Solvents, and related direct materials. Ensure uninterrupted supply, cost competitiveness, and optimal inventory DOH. Specific Duties and Responsibilities: 1) Strategic Sourcing & Cost Savings Develop category strategy and deliver YoY cost savings via negotiation, value analysis/value engineering, long term agreement and alternate sourcing. Conduct market analysis for key monomers, resins, solvents. Drive should-cost models. Lead negotiation: Price, LT, MOQ, Payment terms, rebate, VMI. Qualify alternate suppliers and drive PPAP/PSW approval with SQE/Design. 2) Supplier Management PO & Supply Assurance: Ensure 100% PO accuracy and >98% supplier OTD, Zero Production line stops due to purchasing. Lead suppliers’ audits with SQE for IATF/ISO-9001/13485 compliance, performance scorecards and continuous improvement plans. Perform supplier risk assessment, dual-sourcing and business continuity plan. 3) Inventory Control Demand & Inventory Ownership: Own DOH, Inventory value, turnover for resins & paints. Drive Safety Stock optimization with Planning to reduce excess/obsolescence. Monitor Aging stock. 4) Cross-Functional Coordination Alignment with Planning, Store and Quality on supply, forecast and issues. Support NPI trials, ECN implementation, and cost-down validation. 5) Monthly Purchasing KPIs and Reports Coordinate and consolidate Purchasing KPIs. Continuous improvement initiatives. 6) Digital Purchasing Drive adoption of SAP/New ERP system for RFQ, PowerBI dashboards for spend, savings, OTD, Inventory and aging. Job Specification: 1) Educational Qualifications: Minimum diploma or equivalent related field. 2) Other Technical/Professional Qualifications: Strong knowledge of resin/paint chemistry, BOM structures. 3) Experience Knowledge on should-cost modelling, TCO analysis, negotiation and contract management. 5+ years in purchasing, with 3+ years in resin, paint, coatings or chemical buying. 4) Skills Required Data-driven, strong in Excel/SAP and presentation skills. Vocal and confident with suppliers and stakeholders. 5) Attributes Required Commitment to maintaining a high standard of professionalism, ethics and integrity in all Job-related activities.
What they're looking for
NegotiationCoatingResinMicrosoft Excel
About Fu Yu Corporation Limited
Industry: ManufacturingWebsite ↗
Frequently asked questions
What does a Senior Buyer at Fu Yu Corporation Limited do?
Position Description (Summary): Own end-to-end sourcing, cost, supply and inventory, Paints, Solvents, and related direct materials. Ensure uninterrupted supply, cost competitiveness, and optimal inventory DOH. Specific Duties and Responsibilities: 1) Strategic Sourcing & Cost Savings Develop catego…
What skills does this Senior Buyer role need?
Key skills for this role include Negotiation, Coating, Resin, Microsoft Excel.
How much does a Senior Buyer at Fu Yu Corporation Limited pay?
This role lists a salary of S$3,500 – S$4,500 per month.
Is this Senior Buyer role remote, hybrid, or on-site?
The listing is based in Islandwide. Check the posting for remote or hybrid options.
How do I apply for this Senior Buyer role?
You can apply directly on Fu Yu Corporation Limited's careers page. ApplyLah can tailor your résumé and cover letter to this exact role in seconds first.
