Procurement Specialist
4 weeks ago
Job Title: Parts Manager
Job Summary:
Servo Products Co. is seeking a skilled Parts Manager to oversee procurement activities for two of our subsidiary companies. As a key member of our team, you will be responsible for sourcing and procuring parts and materials from a list of preferred vendors.
Key Responsibilities:
- Vendor Management:
- Maintain relationships with existing vendors, negotiating pricing, terms, and delivery schedules to ensure cost-effectiveness and timely delivery of parts.
- Evaluate vendor performance regularly, addressing any issues or concerns to maintain high standards of quality and service.
- Identify potential new vendors, conduct due diligence, and assess their capabilities to meet the company's requirements.
- Review parts and materials requirements for production schedules and inventory levels, ensuring timely procurement to meet production demands.
- Create purchase orders, track deliveries, and manage inventory levels to prevent stockouts or excess inventory.
- Work closely with the production team to understand specific part requirements and technical specifications.
- Analyze pricing trends and market conditions to identify opportunities for cost savings without compromising quality.
- Implement cost-saving initiatives such as bulk purchasing, supplier consolidation, or alternative sourcing strategies.
- Collaborate with the engineering staff to ensure that purchased parts and materials meet required specifications and quality standards.
- Address any quality issues promptly, working with vendors to implement corrective actions and prevent recurrence.
Qualifications:
- Proven experience in procurement, preferably in a manufacturing or engineering environment.
- Strong negotiation skills and the ability to build and maintain effective vendor relationships.
- Excellent analytical and problem-solving abilities.
- Familiarity with inventory management systems and procurement software.
- Solid understanding of technical specifications and requirements for engineering parts and materials.
- Effective communication skills, both verbal and written.
- Detail-oriented with a focus on accuracy and quality.
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