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Regional Purchasing Manager
2 months ago
Ferraro Foods, a private equity-owned company backed by Kelso & Co., has a rich history rooted in hard work, family values, and a deep passion for the Italian food trade. From our humble beginnings in 1975 in a small New Jersey garage with just one truck, we've grown into a leading Italian food distributor, serving over 8,000 customers across 23 states. Our commitment to quality products, unparalleled service, and strong relationships with our customers has driven our success. We are proud of our heritage and are continually focused on delivering fresh, premium ingredients and exceptional service to help our customers thrive. Join us and be part of a legacy that values excellence, tradition, and innovation.
The Purchasing Manager - Replenishment and Inventory Value Focus is responsible for managing and optimizing the replenishment process and inventory value for food and non-food items. This includes ensuring timely and efficient restocking of inventory, monitoring supplier performance, maintaining optimal stock levels, and maximizing inventory value to meet the demands of the food service operations. The role requires strong analytical skills, effective communication, and the ability to develop and maintain positive relationships with suppliers and internal stakeholders.
Essential Job Functions:
Replenishment Management:
- Develop and implement replenishment strategies to ensure consistent availability of products.
- Monitor inventory levels and forecast future needs based on sales data and market trends.
- Collaborate with the sales and operations teams to understand demand patterns and adjust replenishment plans accordingly.
Inventory Optimization:
- Utilize inventory management systems to track stock levels and manage reorder points.
- Implement best practices for inventory control to minimize excess stock and stockouts.
- Coordinate with the warehouse and distribution teams to ensure efficient stock movement and storage.
Cost and Inventory Value Management:
- Analyze and assess the impact on the availability of replenishment items.
- Develop and manage the replenishment budget, track expenses, and identify cost-saving opportunities.
- Monitor and optimize inventory value, ensuring that stock levels are aligned with financial targets and business goals.
- Implement cost-control measures and ensure adherence to the budget.
Quality Assurance:
- Ensure all replenished items meet the required quality and safety standards.
- Work closely with the quality assurance team to address any quality issues with suppliers.
- Participate in regular audits and inspections to maintain compliance with industry regulations.
Data Analysis and Reporting:
- Utilize data analysis tools to track purchasing patterns, inventory value, and supplier performance.
- Generate regular reports on procurement activities, inventory value, supplier performance, and cost savings.
- Provide insights and recommendations based on data analysis to improve replenishment processes and inventory value.
Team Management:
- Lead and mentor the purchasing team, providing guidance and support to achieve department goals.
- Conduct performance reviews and provide ongoing training and development opportunities.
- Foster a collaborative and positive work environment.
Minimum Knowledge, Skills, and Abilities:
- Bachelor’s degree in business administration, Supply Chain Management, or a related field.
- 5+ years of experience in purchasing or procurement, preferably in the food service industry.
- Strong negotiation and contract management skills.
- Excellent analytical and problem-solving abilities.
- Proficient in procurement software and Microsoft Office Suite (Excel, Word, PowerPoint).
- Strong communication and interpersonal skills.
- Ability to work under pressure and manage multiple priorities.
- Knowledge of food safety regulations and standards is a plus.
Working Conditions:
- Office environment with occasional travel to suppliers and industry events.
- Fast-paced, deadline-driven environment.
Ferraro Foods is an equal-opportunity employer.