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Supply Chain Procurement Manager

2 months ago

Wallingford, Connecticut, United States Oetiker Tool Corporation Full time
Job Overview

Company Overview:
Oetiker Tool Corporation, operating as Elm City Tools, is a recognized leader in crafting tailored hand tool solutions. Our advanced manufacturing and engineering facility is designed to meet diverse customer needs, ranging from niche markets to large-scale retail.

Position Summary:
The role of the Purchasing Manager is critical, requiring a blend of technical and engineering knowledge to effectively liaise with suppliers about component specifications used in our production processes.

Key Responsibilities:

  • Oversee all facets of procurement and the integration of engineered solutions into manufacturing workflows.
  • Collaborate closely with both internal and external engineering teams to facilitate successful sourcing initiatives.
  • Possess comprehensive knowledge of the company's ERP system, contributing to its enhancement and efficiency.
  • Conduct thorough evaluations of potential suppliers; manage the competitive quoting and qualification processes.
  • Formulate and develop sourcing strategies and purchasing proposals.
  • Direct the sampling and product approval phases for projects, ensuring alignment with cost, quality, and quantity benchmarks.
  • Negotiate supplier contracts to secure favorable terms for the organization.
  • Engage in global teams to promote procedural uniformity and share best practices.
  • Establish and nurture strong relationships with key suppliers.
  • Perform annual assessments to gauge overall cost savings post-implementation of new strategies.
  • Stay informed on industry trends and best practices through professional organizations.
  • Ensure compliance with industry standards and regulations in all procurement activities.
  • Monitor market developments to identify new opportunities.
  • Prepare and manage purchase requisitions and orders as necessary.
  • Focus on acquiring materials that enhance quality while minimizing costs.
  • Supervise the Purchasing function in alignment with management objectives, ensuring timely issuance of purchase orders and delivery of components.
  • Track budget variances to maintain adherence to financial guidelines.
  • Provide insights and recommendations to support the achievement of business objectives.

Qualifications:

  • Bachelor's degree in Engineering, Business Administration, or a related field, complemented by relevant experience.
  • Experience in supply chain management.
  • Proficient in advanced Excel functionalities, including pivot tables, data analysis, and formula usage.
  • A minimum of 5 years in a high-volume production setting.
  • Strong negotiation and networking capabilities.
  • In-depth understanding of manufacturing processes such as stamping, machining, and injection molding.
  • Willingness to travel up to 10%.

Confidentiality Notice:
All information provided will be kept confidential in accordance with EEO guidelines.