Ingredient Procurement Buyer

Posted Date: Nov 23, 2024

Requisition Number: 123402

Position Title: Procurement Buyer, Ingredients

Location: Johor, Malaysia

Summary:

The Ingredients buyer is responsible to procure Specialty Ingredients with compliance to Hershey Global Procurement Policy, meet Hershey’s specification and business needs with most favorable prices through comprehending market intelligence, selecting appropriate supplier, negotiating competitive price, and generating & implementing saving project.

Major Duties/Responsibilities:

Summary of major duties:

MATERIAL PROCUREMENT

Ensure all sourcing are conducted in compliance with Hershey Global Procurement Policy with proper documentation, processes and meet company systems requirements.
Source competitively –negotiate with suppliers for most competitive price, monitor pricing movement and review price regularly.
Manage Contract- support procurement manager and partner with legal to negotiate and modify contracts, prepare and route for approval.
Support Innovation Project Development - Assist internal customers in identifying requirements, specifications, gather documents and provides support to facilitate the progress during the development stage as well as ensure the availability of products.
Ownership of supplier relationship - ensure concise communication between Hershey teams and suppliers, includes but not limited to Hershey requirement, feedback, timeline, and follow up proactively to drive the result.

PRODUCTIVITY & CONTINUOUS IMPROVEMENT

Contribute in develop Productivity Strategies & Pipeline to achieve CI target.
Follow up on CI projects implementation (manage timelines, next steps, activities, and ensure task completion).
Support cash flow objectives, renegotiate payment terms to achieve cashflow improvement target.
Hold suppliers' accountable for their respective CI goals, payment terms extension, measure performance.
Update productivity pipeline data and cashflow improvement acheivement, and ensure appropriate reporting and forecasting

DEVELOP RISK MANAGEMENT & SOURCING STRATEGY

Understand the Business and Supply Environment. Monitor market situation and supplier operation status to identify potential risk includes but not limited to market volatility, geopolitical situation and operational risks.
Analyze the occurrence probability of the risk and the impact vele, as well as developing the category risk management strategy.
Develop sourcing strategy include spend category analysis, market research, identify and assess potentiall supplier and supplier selection.

SYETEM WORK, DATA & REPORT MANAGEMENT

Review of Purchasing Info Record, purchase record and requirement data.
Provide accurate record and analytical report includes but not limited to annual budget (STD/Strat), PPV (Purchase Price Variance), spend report, CI Report, ESG related reports.
Evaluate supplier performance through score card and annual performance review. Timely update and share quarterly Scorecard results by 1st month of each quarter, provide frequent feedback to suppliers and monitor for improvement on Scorecard result.

Minimum knowledge, skills and abilities required to successfully perform major duties/responsibilities:

Knowledge of purchasing principles/techniques and inventory analysis and control

Knowledge in conducting RFQ/RFP bidding exercises, and negotiation skill
Strong, proven sourcing skills and expertise
Strong analytical, planning and organizational skills
Strong financial and business mindset
Ability to collaborate with internal departments, seek common ground and establish alignment on common goals.
Knowledge of S4 Hana or SAP and Microsoft applications (Excel, Word, Powerpoint, etc)
Ability to manage multiple tasks simultaneously; ability to prioritize in an ever-changing environment.
Travel as needed (less than 20%).

Minimum Education and Experience Requirements:

EDUCATION:	Bachelor’s degree in any discipline
EXPERIENCE:	Minimum 2 years progressive business experience with 1+ years procurement experience