Procurement Specialist
2 weeks ago
The role involves acquiring necessary materials at competitive rates while ensuring adherence to quality and delivery expectations.
Daily Responsibilities1. Material Acquisition:
Ensure timely procurement of items needed for production;
Monitor daily Exception Reports and address recommendations;
Review MRBR Report daily to verify there are no accounting discrepancies;
Implement cost-saving strategies through effective purchasing methods (maintain positive PPV savings);
Confirm that purchased items align with purchase order specifications;
Utilize expertise and judgment to set and achieve objectives;
Maintain ongoing supplier relationships;
Familiarity with standard purchasing and inventory management practices is essential.
2. Vendor Management:
Assess and suggest potential vendors, which may involve travel;
Update banking information with the vendor master group;
Process AFE's purchase orders;
Solicit quotes from qualified suppliers;
Oversee the procurement and negotiation of materials, equipment, and supplies from vendors;
Analyze vendor quotes and services to identify the most suitable suppliers based on quality, cost, and delivery timelines.
3. Cost Management:
Identify opportunities for cost reduction;
Track and manage cost-saving initiatives;
Make informed decisions (impacting P&L) by evaluating data and prioritizing effectively;
Negotiate extended payment terms with suppliers (up to 90 days);
Maintain inventory levels as directed by corporate guidelines;
4. Strong organizational skills and the ability to manage multiple projects simultaneously;
5. Capability to work independently with minimal supervision;
6. Collaborate with other departments to assess the appropriateness of purchased items;
7. Additional responsibilities may be assigned as needed.
Essential Qualifications:
- Bachelor's degree (B.A. or B.S.) in business or a related discipline.
- Two to three years of relevant experience, ideally in the electronics sector.
- Preferred certifications include CPM and/or CPIM.
Physical Requirements: The physical demands outlined here are representative of those that must be met by an employee to successfully execute the essential functions of this position. Reasonable accommodations may be provided to enable individuals with disabilities to perform these essential functions.
About Hubbell Incorporated
Hubbell is dedicated to creating critical infrastructure solutions that empower our customers, communities, and the planet. Our strategic focus is on facilitating grid modernization and electrification. As the demand for energy increases, Hubbell's solutions support the transition to a more reliable and efficient energy infrastructure. Established in 1888, our innovations have positioned us as a leading global manufacturer of high-quality electrical and utility solutions.
Our operations are divided into two segments: Hubbell Utility Solutions (HUS), which enhance the grid's ability to conduct, communicate, and control energy across utility applications, and Hubbell Electrical Solutions (HES), which are vital for managing power across various industries and applications. Our vertical market solutions cater to sectors such as Data Centers, Renewables, Commercial Buildings, Industrial, Telecom, and Transportation. Supporting both segments are our corporate and Hubbell Unified Business Solutions teams, which provide consistent processes and technologies across our operations.
We are committed to sustainable and ethical operations while fostering an inclusive and supportive culture that encourages career growth and development. Our employees take pride in serving our communities from our headquarters and across the globe.
Hubbell Electrical Solutions
Hubbell Electrical Solutions (HES) play a crucial role in managing power across a diverse range of industries and applications. HES supplies the essential components that enable operators of buildings, factories, and other industrial infrastructures to connect, protect, wire, and manage power effectively.
Hubbell Incorporated and its subsidiaries are equal opportunity employers. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, sexual orientation, gender identity, or any other protected class.
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