Ingredient Procurement Buyer
The Hershey Company
Date: 6 hours ago
City: Remote
Contract type: Contractor
Remote
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.
Time % Summary of major duties:
EDUCATION: Bachelor’s degree in any discpline
EXPERIENCE: Minimum 2 years progressive business experience with 1+ years procurement experience
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.
Time % Summary of major duties:
- 35 MATERIAL PROCUREMENT
- Ensure all sourcings are conducted in compliance with Hershey Global Procurement Policy with proper documentation, processes and meet company systems and audits requirements.
- Source competitively and negotiate with suppliers for most competitive price, monitor pricing movement and review price reguarlly.
- Manage Contract to 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 for result.
- 30 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 achive cashflow improvement target.
- Hold suppliers' accountable for their respective CI goals, payment terms extension, measure performance.
- Update productivity pipeline data and cashflow improvement achivement, and ensure appropriate reporting and forecasting
- 20 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, as well as developing the category risk management strategy.
- Assist to develop sourcing strategy include spend category analysis, market research, identify and assess potential supplier and supplier selection.
- 15 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 coverage report, spend report, ESG related reports & work with Accounts Payable (AP) to handle blocked invoices and supplier’s payment follow up.
- Evaluate supplier performance through annual performance review. Timely update and share annual performance review results by 1st month of 2nd quarter, provide feedback to suppliers and monitor for improvement per performance review result.
- 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%).
EDUCATION: Bachelor’s degree in any discpline
EXPERIENCE: Minimum 2 years progressive business experience with 1+ years procurement experience
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