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Supply Chain Procurement Manager

2 months ago

Wallingford, Connecticut, United States Oetiker Tool Corporation Full time
Job Description

Company Overview
Oetiker Tool Corporation, operating as Elm City Tools, is a prominent player in the custom hand tool manufacturing sector. Our advanced manufacturing and engineering facility is designed to meet diverse customer needs, ranging from niche markets to mass retail.

Position Overview
The role of Purchasing Manager demands a high level of technical and engineering acumen to effectively liaise with suppliers regarding component specifications essential for our manufacturing processes.

Key Responsibilities

  • Oversee all facets of procurement and the integration of engineered solutions into production workflows.
  • Collaborate closely with both internal and external engineering teams to ensure successful sourcing of components.
  • Possess comprehensive knowledge of the company's ERP system, contributing to its enhancement and optimization.
  • Conduct thorough evaluations of potential suppliers; manage competitive quoting and supplier qualification processes.
  • Formulate and develop strategic sourcing and purchasing plans.
  • Supervise the sampling and product approval processes, ensuring alignment with cost, quality, and quantity standards.
  • Negotiate favorable vendor contracts to benefit the organization.
  • Engage in global team initiatives to promote procedural consistency and share best practices.
  • Establish and maintain robust relationships with key suppliers.
  • Perform annual assessments to gauge overall cost savings following the implementation of new strategies.
  • Stay informed on industry trends and best practices through professional organizations.
  • Ensure compliance with industry standards and regulations in all procurement practices.
  • Monitor market dynamics to identify emerging opportunities.
  • Prepare and issue purchase requisitions and orders as necessary.
  • Focus on acquiring materials that enhance quality while reducing costs.
  • Manage the Purchasing function in alignment with organizational goals, ensuring timely issuance of purchase orders and component deliveries.
  • Track budget variances to ensure adherence to financial guidelines.
  • Provide recommendations to support the achievement of business objectives.

Qualifications

  • Bachelor's degree in Engineering, Business Administration, or a related field, complemented by relevant experience.
  • Proven experience in supply chain management.
  • Advanced proficiency in Excel, including:
    • Pivot Tables
    • Graphing
    • Data Analysis
    • Formula Usage
    • VBA experience is a plus.
  • A minimum of 5 years of experience in a high-volume production environment.
  • Exceptional negotiation and networking abilities.
  • In-depth understanding of manufacturing processes, including stamping, fine blanking, machining, die casting, investment casting, and injection molding.
  • Willingness to travel up to 10%.

Additional Information
All information will be treated confidentially in accordance with EEO guidelines.