Procurement Executive (Sourcing)
Loob Holding are a group of forward-thinking, passionate Food & Beverage entrepreneurs with knowledge and expertise in F&B industry. We are holding multiple of brands such as Tealive, Baskbear Coffee & Sodaxpress. We never settled with the achieved milestone and constantly challenge our status quo; bold to make change through creativity and innovation to connect people and future through eating and drinking culture!
We are currently looking for a Senior Procurement Executive with a good skills of sourcing and knowledge in Inventory Management.
Job Description:
1. Strategic Sourcing & Procurement
- Identify, evaluate, and source merchandise products that enhance brand visibility and drive sales.
- Develop and implement sourcing strategies to secure high-quality merchandise at competitive costs.
- Conduct market research to stay ahead of industry trends and introduce innovative merchandise that differentiates the brand from competitors.
2. Supplier & Vendor Management
- Identify, assess, and onboard reliable suppliers, ensuring quality, cost-effectiveness, and timely delivery.
- Negotiate pricing, contracts, and terms with suppliers to maximize value and maintain strong partnerships.
- Monitor supplier performance and resolve issues related to quality, lead time, and compliance.
3. Product Development & Brand Alignment
- Collaborate with Marketing and Brand teams to develop exclusive, high-impact merchandise that aligns with brand identity and promotional campaigns.
- Work closely with internal stakeholders to ensure product designs, materials, and packaging reflect the brand’s positioning and appeal to target consumers.
- Source sustainable and innovative materials that align with the company’s sustainability goals.
4. Cost Management & Budgeting
- Manage procurement budgets effectively, ensuring cost optimization while maintaining product quality.
- Analyze cost structures and identify opportunities for cost reduction through strategic supplier partnerships and bulk purchasing.
- Monitor expenses, forecast demand, and ensure spending aligns with business objectives.
5. Inventory & Order Management
- Plan and manage inventory levels to prevent shortages or overstocking of merchandise items.
- Coordinate with demand planning and logistics teams to ensure seamless order fulfillment and timely stock replenishment.
- Ensure proper documentation and compliance with procurement policies and procedures.
6. Process Improvement & Compliance
- Enhance procurement processes to improve efficiency, accuracy, and transparency.
- Ensure compliance with company policies, ethical sourcing standards, and regulatory requirements.
- Leverage technology and procurement best practices to streamline operations and reporting.
7. Cross-Functional Collaboration
- Work closely with the Marketing, Sales, and Operations teams to align procurement strategies with business goals and promotional activities.
- Support new product launches and promotional campaigns by securing merchandise that enhances customer engagement and brand recall.
- Provide insights and recommendations on merchandise trends and consumer preferences.
8. Market & Competitor Analysis
- Conduct regular benchmarking and competitor analysis to understand industry trends and consumer behavior.
- Identify opportunities to introduce unique, limited-edition, or seasonal merchandise that enhances brand desirability.
Requirements
- Minimum 3–5 years of experience in procurement, sourcing, or supply chain management, preferably in merchandising, retail, or F&B industry.
- Proven experience in sourcing and managing suppliers from oversea is highly desirable.
- Experience in product development and brand merchandising is an added advantage.
#new
Job Type: Full-time
Pay: RM3,500.00 - RM4,500.00 per month
Benefits:
- Additional leave
- Health insurance
- Maternity leave
- Opportunities for promotion
- Parental leave
Schedule:
- Monday to Friday
Supplemental Pay:
- 13th month salary
- Performance bonus