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Purchasing Manager

2 months ago

Eatontown, United States Private Hiring Company Full time $60,000 - $80,000
Job DescriptionJob Description

KEY RESPONSIBILITIES


• Develop and implement procurement strategies to ensure the timely and cost-effective acquisition of materials, components, and services
• Identify and evaluate potential suppliers, conduct supplier assessments, and negotiate favorable terms and pricing agreements
• Manage supplier relationships, monitor performance, and address any issues or concerns to ensure a reliable and high-quality supply chain
• Collaborate with cross-functional teams, including Assembly, Production, and Quality, to align procurement activities with project timelines and specifications
• Conduct market research and analysis to stay informed about industry trends, pricing fluctuations, and emerging suppliers or technologies
• Lead contract negotiations and develop contracts and agreements that mitigate risk and protect the company's interests
• Establish and monitor key performance indicators (KPIs) to measure supplier performance and drive continuous improvement
• Maintain accurate procurement records, track purchasing activities, and provide regular reports to management
• Stay updated on regulatory requirements and compliance related to procurement and supply chain management
• Coach and develop the purchasing team, fostering a culture of collaboration, professionalism, and continuous learning

Requirements

PREFERRED QUALIFICATIONS


• Proven experience as a Purchasing Manager or in a similar role within a manufacturing/assembly or procurement department
• In-depth knowledge of procurement principles, best practices, and supplier management strategies
• Strong negotiation skills, with the ability to drive cost savings and favorable terms with suppliers
• Excellent analytical and problem-solving abilities, with proficiency in data analysis and supplier performance evaluation
• Familiarity with supply chain processes, including demand planning, inventory management, and logistics
• Proficiency in using procurement software or enterprise resource planning (ERP) systems
• Effective communication and interpersonal skills to build and maintain strong relationships with suppliers and internal stakeholders
• Strong organizational and time management skills, with the ability to prioritize tasks and meet deadlines in a fast-paced environment
• Commitment to ethical sourcing practices, sustainability, and corporate social responsibility