Purchasing Agent

1 week ago

Troy, United States 365 Retail Markets Full time

365 Retail Markets is the most trusted global provider of unattended retail technology, delivering conveniently smart self-service solutions since 2008. The company’s all-in-one platform powers retail spaces across food service, global retail, and hospitality with a comprehensive suite of frictionless smart stores, micro markets, vending, catering, and dining point-of-sale options. These technologies can be found worldwide in corporate offices, manufacturing and distribution facilities, educational campuses, hotels, and beyond.

As a nine-time honoree on the Inc. 5000 list of fastest-growing companies in the United States, and with a continually expanding global presence, 365 Retail Markets is committed to growth, innovation, and providing superior, integrated technology that meets the evolving needs of its customers and consumers.


As the Purchasing Agent, you are responsible for getting the right material to our Production teams and facilities to keep the business running. Your main objective is to identify what material to order, place POs, and make sure the material arrives on time and at the right location.


Additionally, you will negotiate with suppliers to improve total cost of ownership (piece price, quality, lead time, and payment terms) to 365 Retail Markets for all our product lines and office facilities in Troy, Michigan. You are also responsible for managing and executing inventory control activities to ensure that the inventory is accurate and up to date by following all company procedures. You are the key cog in making sure we can deliver our products on time to our customers


Responsibilities

  • Utilize sales forecasts, Bills of Material, and ERP inventory analysis to place POs and ensure on-time delivery for all raw materials and supplies needed for Production and facility operations
  • Build relationships with key suppliers and Sales team to ensure clear information flow and resolves potential issues before they cause production delays
  • Reduce material Total Cost of Ownership (TCO) by negotiating with suppliers for best unit cost, lead time, and payment terms
  • Implement inventory and replenishment strategies that optimize both production efficiency and inventory levels
  • Provide material receipt and inventory forecasts to leadership to support financial projections
  • Work with Sales, Marketing, and Finance leaders to create a finished goods forecast to inform material purchases
  • Manage weekly cycle counts and biannual full physical inventory counts
  • Establish companywide purchasing policies for suppliers and ensure compliance
  • Identify critical components and develop alternative sources to ensure supply stability
  • Evaluate and manage supplier compliance documents, i.e. terms and conditions, supplier registration, certificates, etc.
  • Create, update, and maintain supplier information and pricing in ERP System (SageX3)
  • Create, update and maintain BOMs and product database (including new product additions) in ERP System, current catalog of over 1,000 individual pieces
  • Work with key component suppliers to track and return defective components (RMA process)
  • Perform occasional light-medium lifting of 25-50 pounds
  • Other duties as assigned by the Director of Operations


Requirements

  • Bachelor's degree (B.A.) in Supply Chain, Engineering, Business or related work experience
  • A combination of 2+ years of education, training and/or experience is preferred
  • Strong written and verbal communication skills with strong decision making ability
  • Very familiar with ERP systems, including both usage for purchasing activities and configuration/optimization of system
  • Negotiating skills
  • Strong organizational skills & attention to detail
  • Self-managed, self-starter able to work in rapidly changing environment
  • Proficient MS Office: Word, Excel, PowerPoint, Outlook
  • Knowledge of inventory control procedures
  • Must be able to work under time pressure and able to multi-task
  • Support diverse and inclusive work environment

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