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Procurement Specialist
2 months ago
We are seeking a highly skilled Procurement Specialist to join our team at J. B Poindexter & Co. Inc. as a Buyer. The successful candidate will be responsible for managing suppliers, orders, and purchased items from sourcing to order placement to receipt.
Key Responsibilities:- Ensure material availability to meet production demand, and support manufacturing with the implementation of Just In Time (JIT), vendor managed inventory (VMI) and stock inventory based on production schedules and forecasts.
- Perform purchasing responsibilities such as material quoting, contract negotiations, purchase orders, and issues with receipts.
- Develop and review demand trends and forecasts to determine the most efficient purchasing quantities and frequencies. Interact with key suppliers, providing manufacturing forecast to support & build schedules.
- Manage the day to day operations of designated supply base of direct and indirect categories, including communicating demand forecasts to suppliers.
- Drive continuous improvement of processes and results by generating ideas for improvement and participating in project teams or Lean events.
- Work closely with Corporate Strategic Procurement Team to advance enterprise wide sourcing programs and cost savings initiatives.
- Lead and support sourcing activities as necessary, and source new vendors when needed.
- Support new product development (NPD) and cost reduction projects.
- Track supplier performance using the supplier scorecard, and communicate results to suppliers on a quarterly basis.
- Develop vendor partnerships to achieve objectives for cost, order quantities, lead-times, quality, on time delivery, and on-hand inventory dollars.
- Develop and review demand trends and forecasts to determine efficient purchasing quantities, which might include the use of Kanban or other calculation methods.
- Review on-hand inventory balances for excess or obsolete inventory to determine substitution options, return to supplier, or resell.
- Study market prices and trends, new technologies, manufacturing process improvements applicable to assigned commodities.
- Effectively communicate with the customer service and engineering on part number issues, lead-times, new parts, etc.
- Maintain purchasing systems and procedures with high data accuracy and integrity, including information such as lead-time, safety stock, minimum order quantities, supplier contact data, etc.
- Bachelor's degree in Business, Logistics, Supply Chain or a related field strongly preferred.
- Minimum of two years of experience in a purchasing role.
- Experience with ERP/MRP systems and functions is required. JDE experience is a plus.
- Experience with MRO and indirect purchasing is preferred.
- Experience in the manufacturing industry.
- Certification /License: CPSM or APICS certification preferred.
- Skills and Abilities: Self-motivated and self-disciplined and able to work in fast-paced environment with numerous priorities and responsibilities.
- Strong understanding of supply chain management concepts.
- General understanding of Lean tools, specifically Pull and Kanban, is preferred.
- Demonstrated critical thinking and problem solving skills.
- Collaborate work style that contributes to a team environment.
- Effective verbal and written communication skills.