Procurement Manager
2 weeks ago
The Procurement Specialist will be responsible for managing the procurement process and vendor relationships for all operations. They will maintain professional relationships with vendors to purchase products or services at the best possible prices, while also maintaining up-to-date vendor records and purchase order records.
Key Responsibilities:- Define and maintain Min/Max levels.
- Ensure timely submission of purchase orders to vendors to avoid production delays.
- Negotiate with external vendors to secure advantageous terms.
- Maintain relationships with suppliers and continuously scout for additional vendors or more profitable suppliers.
- Evaluate spending operations and seek ways to improve and enhance the quality of products purchased and the timeliness of deliveries.
- Track and report key functional metrics to reduce expenses and improve effectiveness.
- Communicate with management regarding the efficient flow of goods and services affecting production.
- Conduct cost analyses and set benchmarks for improvement.
- Develop risk management procedures to mitigate losses in the event of product shortages.
- Work closely with the company finance department and SRTP CTO to ensure contracts and terms are favorable.
- Control spend and build a culture of long-term savings on procurement costs.
- Follow corporate policy regarding new vendor setup, vendor maintenance, and PO approvals.
- Proven working experience as a purchasing specialist, procurement specialist, and buyer.
- Broad knowledge of sourcing and procurement techniques.
- Talent in negotiations and networking.
- Multi-tasking and time-management skills, with the ability to prioritize tasks.
- Deep understanding of supply chain and inventory management systems.
- Capability to work under pressure and adapt to dynamic environments.
- Attention to detail and a commitment to achieving operational efficiency.
- Bachelor's degree in Business or Supply Chain Management.
- Five years of experience in purchasing, buying, and procurement.
- Must be vendor-focused and willing to learn.
- Must be able to lift up to 15 lbs.
- Must be able to sit at a computer for long periods of time.
- Travel will not be required for this position but could change in the future.
- 8-hours shifts M-F; 8 am – 5 pm
- Pass drug test before job offer is considered valid.
- Vision test as required based on job duties.
- Safety test
- Must sign a confidentiality agreement/NDA before access to any confidential information is provided or on the first day of employment.
- Medical, dental, and vision insurance as outlined in the Employment benefits guide
- PTO/Sick leave as defined in the offer letter
- Other benefits as offered/updated by the company
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