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Procurement Specialist
2 months ago
Job Summary:
We are seeking a highly skilled Procurement Specialist to join our team at Hitchiner Manufacturing. As a key member of our procurement team, you will be responsible for developing and implementing cost-effective and efficient procedures to purchase assigned commodities.
Key Responsibilities:
- Procurement and Sourcing: Evaluate prices, select and develop sources of supply, negotiate price, delivery, quality requirements and terms and conditions of service.
- Contract Management: Prepare contracts, including terms and conditions, make award and ensure adherence to agreements with suppliers within budgetary limitations.
- Purchase Order Management: Has purchase order approval authority, as established by Corporate and departmental policy, and as delegated by cognizant Director of Procurement, to make financial commitments on the part of the company.
- Cost Reduction and Process Improvement: Prioritize opportunities for cost reduction and/or cost avoidance and initiate projects to reduce the total cost. Evaluate and identify potential new suppliers.
- Supplier Performance Management: Monitor supplier performance and prepare reports and other records pertaining to the items or services purchased, cost, delivery, product or service performance, supplier performance and/or inventories, as applicable.
- Market Research and Analysis: Maintain an up-to-date knowledge of the current markets and evolving technologies/trends to identify opportunities for cost reduction and/or process improvements.
- Team Collaboration: Communicate with user departments such as engineering, quality, manufacturing and facilities to ensure their requirements are met.
- Leadership and Development: Provide mentoring and support to Associate Buyers. Observe the highest ethical standards as outlined in the Hitchiner Code of Conduct and ensure that all activities and operations are performed in compliance with it.
Requirements:
- Education: Bachelor's degree and 3-5 years of professional Purchasing experience required.
- Certification: Certification (e.g. Certified Professional in Supply Management –CPSM) through the Institute of Supply Management or similar accrediting body preferred.
- Skills: Strong knowledge of structured problem solving and a solid understanding of planning principles. Excellent verbal and written communication skills, the ability to manage diverse projects simultaneously and a demonstrated ability to negotiate effectively required.
- Experience: On a business needs basis as determined by the department manager, an Associate Buyer who has been in his/her current position for a minimum of one year may advance into this position through natural progression, provided he/she meets all the qualifications of this position.