Procurement and Inventory Management Specialist
6 days ago
We are seeking a detail-oriented Procurement and Inventory Management Specialist to join our dynamic team. This role is pivotal in managing a diverse product line with numerous components and needs, ensuring seamless operations and customer satisfaction.
Key Responsibilities- Manage and coordinate the procurement of raw materials, equipment, tools, parts, and supplies to meet production demands.
- Negotiate purchase prices, delivery terms, and quality with suppliers to ensure optimal costs and service levels.
- Oversee scheduling, planning, inventory control, and materials storage to maintain efficient production processes.
- Ensure compliance with environmental laws by properly disposing of hazardous waste.
- Maintain accurate data entry of purchase orders and inventory records to inform business decisions.
- Collaborate with production personnel to manage inventory levels without disrupting production schedules.
- Follow up on all purchase orders to ensure timely delivery and resolve any issues that may arise.
- Maintain records for internal audits and regulatory compliance to ensure continuous improvement.
- Assist in setting up budget costs for raw materials and update systems with current costs to inform pricing strategies.
- Arrange for the disposition of rejected materials and negotiate chargebacks or claims against vendors to minimize losses.
- Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
- At least 5 years of purchasing experience within a manufacturing environment, preferably with scheduling responsibilities.
- Proficiency in Microsoft Office Suite (Excel, Word, Outlook) and purchasing software to manage data and communicate effectively.
- Strong communication and negotiation skills to build relationships with suppliers and stakeholders.
- Ability to manage multiple tasks with high accuracy and attention to detail, meeting tight deadlines when necessary.
The estimated salary for this position is $65,000 - $85,000 per year, based on industry standards and location considerations. The company offers a comprehensive benefits package, including 401(k) matching, health insurance, flexible schedule options, and professional development assistance, among others.
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