Supply Chain Buyer

The NETS Group is a leading payments services group, enabling digital payments for merchants, consumers and banks across the entire payments value chain. 
 

The Group operates Singapore’s national debit scheme enabling customers of DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and UOB to make payments using their ATM cards or mobile devices at more than 130,000 acceptance points in the country as well as online payments.

Position Summary

The Supply Chain Buyer is responsible for overseeing the end-to-end sourcing and purchasing activities to ensure cost-effective procurement of goods and services. This role involves strategic supplier management, contract negotiation, inventory control, and the development of purchasing strategies aligned with business objectives. 

Key Responsibilities

Sourcing, Procurement and Vendor Management

• Identifying and evaluating potential suppliers based on quality, cost, reliability, and delivery performance
• Negotiating contracts and terms with suppliers to ensure favorable pricing and favorable supply agreements
• Managing relationships with suppliers, monitoring their performance, and addressing any issues that arise

Inventory Management

• Developing inventory policies and procedures to ensure efficient stock levels and minimize stock-outs or excess inventory with Vendors
• Implementing inventory control systems to track and monitor inventory levels, including forecasting demand and setting safety stock levels
• Conducting regular inventory audits to identify discrepancies and implementing corrective actions

Continuous Improvement and Optimization

• Identifying opportunities for process improvement and implementing strategies to enhance supply chain efficiency
• Analyzing supply chain data and key performance indicators to identify trends, bottlenecks, and areas for improvement
• Implementing lean principles, Six Sigma methodologies, or other improvement frameworks to drive operational excellence

Cross-Functional Collaboration

• Working closely with internal stakeholders, such as sales, marketing, finance, and operations, to align supply chain strategies with business objectives
• Collaborating with external partners, including suppliers, customers, and service providers, to foster strong relationships and drive collaboration
• Participating in cross-functional projects or initiatives to support overall business goals and strategic initiatives

Requirements

• Minimun 5 years of experience in a supply chain role and/or as a Purchaser in a similar field
• Excellent knowledge of supply chain processes 
• Working experience of relevant software (e.g. SAP MM, MRP)
• Strong communication skills
• Able to work in fast paced and high stress environment
• Excellent outsourcing and vendor management skills
• Attention to detail
• Creative problem-solving
• A strategic and analytical mind
• Understanding of risk management in the context of the supply chain
• Strong communication, negotiation, and persuasion skills

Network for Electronic Transfers (Singapore) Pte Ltd.