Procurement Specialist

Position Title: Procurement Specialist

Job Number: 66368

Group: Cosma International

Division: Drive Automotive

Job Type: Permanent/Regular

Location: Piedmont, SOUTH CAROLINA, US, 29673

Work Style: On-Site

About Us:

At Magna, we envision a future where mobility is unrestricted. Our commitment lies in developing advanced technologies, systems, and concepts that enhance vehicle safety and environmental sustainability, while serving our communities and prioritizing the well-being of individuals.

Group Summary:

Cosma delivers a wide array of body, chassis, and engineering solutions to a global clientele. Our extensive product engineering capabilities, exceptional tooling expertise, and diverse process knowledge enable us to consistently introduce lightweight and innovative products to the market.

Role Summary:

Purpose and Responsibility:
The Procurement Specialist is tasked with identifying, initiating, negotiating, and managing external national and international sources to ensure a seamless supply of materials and services across the organization, adhering to established guidelines.

This role requires a combination of skills, knowledge, experience, and proven performance in the Automotive Industry, particularly in Production Parts, Services, and Maintenance, Repair, and Operations (MRO).

The Procurement Specialist plays a crucial role in balancing and achieving the goals of Customers, Employees, and Investors.

Key Responsibilities:

The individual must conduct themselves with integrity and professionalism, embodying the core values of the organization and adhering to the Magna Charter.

Self-motivation and proactive monitoring are essential to ensure the continuous availability of all assigned production and maintenance materials, parts, chemicals, tooling, MRO, capital equipment, protective gear, office supplies, and services.

• Collaborate with relevant departments to compile comprehensive Bid Packages, including descriptions, specifications, performance indicators, and terms and conditions.
• Prepare and release an Approved Supplier List, managing potential and existing industry sources through audits and validations.
• Solicit bids, compile recommendations, and actively participate in the negotiation process.
• Lead negotiations and finalize contract agreements in a timely manner.
• Monitor delivery forecasts and take necessary actions as required.
• Reconcile discrepancies between Purchase Orders and invoices.
• Facilitate resolution of disputes between suppliers and the organization.
• Monitor market trends and adjust strategies to mitigate negative impacts while leveraging positive opportunities.
• Continuously identify and implement cost-saving initiatives.
• Introduce innovative processes and products from the supply industry into the organization.
• Assess Supplier Performance and take corrective actions as necessary.
• Stay informed on changing market conditions and implement relevant organizational strategies.
• Complete special projects and assignments as directed.

Key Qualifications/Requirements:
Education and Experience:
Bachelor's Degree (4-year degree) or Purchasing Certification (C.P.M. or CPSM) from the Institute of Supply Management (ISM) with a minimum of five years of purchasing experience in the Automotive Industry.

Communication Skills:
Ability to read, analyze, and interpret business documents and regulations; write reports and business correspondence; present information effectively to diverse audiences; and lead discussions and meetings.

Mathematical Skills:
Proficiency in mathematical concepts, including fractions, percentages, ratios, and standard costing techniques.

Reasoning Ability:
Strong analytical skills for problem-solving, data collection, and formulating recommendations.

Physical Demands / Work Environment:
Office environment with a mix of desk work and walking; occasional business travel may be required.

Diversity and Inclusion:
At Magna, we recognize that a diverse workforce is vital to our success. We are proud to be an equal opportunity employer, hiring based on experience and qualifications without regard to personal characteristics.

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