Purchasing Executive (Sourcing Specialist)

1. Price Analysis & Effective Negotiation to Optimize Cost
Analyze BOM and price lists received from the Sales department.
Develop suitable sourcing plans for each BOM quotation.
Research and identify potential suppliers in the market that can provide the required products.
Work with vendors to negotiate and achieve the most competitive pricing.
2. Build and Maintain Supplier Relationships & Conduct Periodic Supplier Evaluation
Search for, develop, and expand the supplier network based on supplier profiles, references, meetings with senior representatives, and audits of product quantity and quality.
Periodically evaluate and monitor supplier performance.
Build and maintain strong relationships with suppliers.
Develop and manage the supply network.
Establish processes for handling and working with supplier quotations.
3. Develop Input Cost Quotations for Products and Services with Optimal Cost, Quality, and Lead Time
Understand and gather project information from related departments including Sales and Engineering.
Obtain special pricing from manufacturers through the Sales/Marketing team.
Store pricing and related information in the system.
4. Update and Adjust Information on Pricing, Sourcing, Lead Time, etc. in the System
Receive BOM quotations and deadlines through the system.
Coordinate with related departments when there are changes in part numbers, quantities, or manufacturers during the sourcing process.
Update quotations in the system within the required timeline.
Update supplier information, prices, quantities, and other related data when there are changes from suppliers or when quotations expire.
5. Coordinate with Departments to Handle Issues Related to Pricing, Sourcing, Product Quality, Complaints, and Compensation
Receive issue reports from other departments.
Analyze the situation and propose timely solutions.
Work with suppliers to resolve issues or minimize losses for the company.
Report to the supervisor when issues exceed the scope of authority.