Purchasing Manager
2 weeks ago
Job Description
Job Description
Purchasing Manager
Position Overview:
We are seeking a highly skilled and experienced Purchasing Manager to join our team. The Purchasing Manager will play a critical role in managing the procurement process for raw materials, ensuring timely and cost-effective acquisition of precious metals while maintaining the highest standards of quality and compliance with the delivery of the metals to our clients. The ideal candidate will have a strong background in procurement, supply chain management, and negotiation, with a deep understanding of the precious metals market.
Responsibilities:
-Develop and implement strategic procurement plans to meet the company's short-term and long-term raw material needs.
-Work with select suppliers based on quality, reliability, cost, and delivery performance.
-Negotiate contracts, terms, and pricing agreements with suppliers to optimize cost savings and mitigate risks.
-Monitor market trends, pricing fluctuations, and supply chain disruptions to anticipate potential impacts on procurement activities.
-Collaborate with internal stakeholders, including production, finance, and quality assurance teams, to ensure alignment of procurement objectives with overall business goals.
-Manage inventory levels to minimize excess stock and optimize working capital while ensuring uninterrupted supply to meet production demands.
-Conduct regular supplier performance evaluations and implement corrective actions as needed to drive continuous improvement.
-Ensure compliance with regulatory requirements, industry standards, and company policies related to procurement and supply chain management.
-Utilize procurement software and tools to streamline processes, track purchasing metrics, and generate reports for management review.
-Stay informed about industry best practices, emerging technologies, and regulatory changes affecting the precious metals market to maintain a competitive advantage.
Qualifications:
-Bachelor's degree in business administration, supply chain management, or a related field.
-Minimum of 5 years of experience in procurement, purchasing, or supply chain management, preferably in the precious metals industry.
-Strong knowledge of precious metals markets, including pricing mechanisms, supply dynamics, and regulatory requirements.
-Proven track record of successfully negotiating contracts and managing supplier relationships to achieve cost savings and improve operational efficiency.
-Excellent analytical, problem-solving, and decision-making skills with a focus on driving results and delivering value to the organization.
-Exceptional communication and interpersonal skills, with the ability to collaborate effectively across departments and cultures.
-Proficiency in procurement software, ERP systems, and Microsoft Office Suite.
Benefits:
Competitive salary commensurate with experience.
Comprehensive health, dental, and vision insurance.
Retirement savings plan with employer contribution
Priority Gold is an equal opportunity employer committed to diversity and inclusion in the workplace. We encourage qualified individuals from all backgrounds to apply for this exciting opportunity to join our team and contribute to our continued success in the precious metals industry.
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