Procurement Specialist

The Procurement Specialist is a key contributor to the Supply Chain Team responsible for activities related to procurement and management of all materials, supplies and inventory routines for Tower Labs production sites. This individual will determine stocking levels, qualify suppliers, reduce cost of goods and increase inventory turns while promoting and maintaining good vendor relations to support the growth and goals of Tower Labs.

• Identifies raw material requirements from product specifications, production schedules and forecasts. Sets procurement plans, monitors inventory levels and manages reserves to ensure continuous production. Resolves any material availability issues. Communicates plans and schedules to cross-functional team.
• Prepares and administers purchase orders with specific vendors to meet the production needs.
• Monitors and confirms that terms and delivery dates are accurate and provides follow up as needed
• Tracks and maintains inventory levels in collaboration with production planning
• Reviews cost and pricing information for raw materials. Tracks changes.
• May need to review or negotiate contracts for raw materials with current or potential vendors
• Monitors changes in availability of raw materials
• Builds and Maintains relationships with qualified vendors for raw materials and componentry.
• Works with QA to qualify new vendors based on GMP standards
• Compares bids from vendors and determines, or assists with determination of new vendors
• Evaluates vendor proposals to ensure that all requirements are met.
• Collaborates with R&D for strategic sourcing of new materials for product development.
• Identifies and coordinates the qualification of alternate suppliers for all materials, to minimize single sourcing problems.
• Works with Sales and Planning to understand forecasts, sales trends, forecasts and production plans and applies that information to procurement activities.
• Evaluates, reviews invoices in alignment with Accounting requirements for accuracy
• Maintains database regarding vendors performance and quality of product(s). Issues material complaints and resolution..
• May participate in planning process for manufacturing
• Performs other related duties as assigned.

• Knowledge of GMP manufacturing and standards a plus
• Understanding of vendor contract process
• Excellent organizational skills and attention to detail.
• Excellent administrative skills.
• Understanding of the manufacturing process
• Excellent written and communication skills.
• Proficient in Microsoft Office Suite or similar software.

• Bachelors degree in Business Administration, Accounting or 3 years of experience

Physical Requirements:

• Prolonged periods sitting at a desk and working on a computer.
• Must be able to lift up to 15 pounds at times

Key experience in:

Purchasing

Supply Chain

Vendor negotiation

Logistics

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