The internal title for this position is Product Manager – Asset, but it will be advertised externally as Procurement & Inventory Executive to better align with market job titles and candidate expectations.JOB PURPOSEThe Product Manager – Asset will report to the Senior Product Manager – Asset and is responsible to ensure the optimum management of regional inventory levels for a given product portfolio to meet the requirements of sales for a given business unit, while managing business risk and reducing any excess/bad inventory. The role interfaces extensively with suppliers to validate lead times and /or specific stock. Building and maintaining supplier relationships will also be an integral part of this role.PRINCIPAL ACCOUNTABILITIES:Maintain / increase good inventory turns and reduce XB inventory. Prompt buy placement and consistence PBO review.JOB CONTENT:Daily purchases through IMS- Inventory Management System, either local suppliers purchases or global transfers from Memphis or UKPurchase backorder review – to monitor the inflow of product PBO (Packed By Owner), to maximize assets via Inventory Management System.Coordinate stocking packages with Product Marketing.Profile inventory (common bond, customer specific, NCNR (Non-cancelable, Non-Returnable)Coordinate programs to decrease bad and excess inventory.Resolve pricing discrepancies with marketing / suppliers.Resolve receiving discrepancies with APDC (Asia Pacific Distribution Center) / marketing.Resolve rejected transfers with Corporate or UK.Ensure proper management of RTV (Return To Vendor) quality issues with suppliers.Coordinate with Marketer and Senior Product Manager- Asset on stock rotation quantity and amount and arrange returns with APDC and RMA department.Ensure prompt release of purchase order to supplier.Ensure relevant documents are in place prior to buy related to CUSPEC (Customer Specific) / NCNR parts.Ensure all requirements are meet / fulfilled according to Asset Buy Process SOPEnsure PBO fulfillment is meet – e.g. POP (Point Of Purchase) budgetMeet management set quarterly inventory / PBO target.Provide guidance to MSR- Marketing Support Representative.Weekly review with Senior Product Manager- Asset on Inventory / PBO and all Asset related issue.REQUIREMENTS:At least a Diploma qualification or equivalent in a relevant field of study.2 years of relevant experience in a purchasing or similar capacity is highly advantageous.Strong knowledge in Microsoft Excel is required for this position.Candidates without prior relevant experience are welcome to apply.Work Location: ESR BizPark@Changi (short walking distance from Expo MRT station)