Product Executive
5 months ago
Bakery Ingredients, Food Ingredients, Coffee & Food Services, Nutraceuticals.
**Market Analysis and Insights**: Conduct market research and analysis to identify market trends, customer needs, and competition in the food ingredients industry. Source new suppliers and products to expand the product portfolio and meet customer demands in food industry.
**Market, Supplier, and Product Analysis**: Responsible for conducting comprehensive analysis reports on suppliers, products, and market trends. Analyze supplier performance, product costs, and supply chain efficiency to identify areas for improvement and optimization.
**Supplier Relationship Management**: Establish and maintain relationships with suppliers of food ingredients. Collaborate with suppliers to stay informed about market trends, product availability, and pricing dynamics. Negotiate contracts and terms of sale to secure favorable pricing, terms, and conditions.
**Collaboration with Cross-functional Teams**: Collaborate with cross-functional teams, including marketing, sales, and R&D, to ensure alignment and execution of product strategy. Provide insights and recommendations to support sales initiatives, product development projects, and marketing campaigns.
**Inventory Management**: Handle inventory management to ensure optimal levels of stock availability while minimizing carrying costs and obsolescence risks. Coordinate with internal supply chain teams to optimize procurement, inventory planning, and distribution processes.
Bachelor's degree in food science, Food Technology, or related field; advanced degree preferred.
Minimum of 2 years of experience in supplier management, preferably in the food ingredient business or food functional; Bakery, Ice-cream or snack & confectionery products.
Strong understanding of food ingredient products, supplier networks, and market dynamics.
Proven track record of successful contract negotiations, pricing strategies, and supplier relationship management.
Excellent communication, negotiation, and interpersonal skills, with the ability to build and maintain effective relationships with suppliers and internal stakeholders.
Analytical and problem-solving skills, with the ability to interpret market data, supplier performance metrics, and financial reports.
Results-oriented attitude, with a focus on driving cost efficiency, supply chain optimization, and business performance.
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