Responsible for assuring that stock levels are maintained at the lowest possible level while achieving the desired min/max levels and maintaining inventory for customer specific agreements and requirements. This will include processing purchase orders, negotiating with suppliers, tracking orders, and working with team members across departments.
Duties and Responsibilities:
Maintain existing item numbers and set-up of new items under the assigned product lines
Purchase Order placement of products under the assigned buy lines to meet demand based on price and lead time.
Sourcing of new product as well as existing items for best price and availability
Establish product forecasts based on customer orders, history and min/max levels
Verify and maintain accuracy average cost and raw cost in inventory and purchase orders.
Prepare quotes with best supplier option for all items under the assigned buy line
Maintain vendor contact with respect to the availability of materials and delivery and communicate to sales and customer service any changes
Expedite product as due dates approach
Manage price increase and decreases with vendors and sales as market conditions change
Attend supplier meetings to assess supplier profiles and analyze offers in the respective buy line and learn of new opportunities
Review supplies to ensure of quality and resolve any issues with supplier, QA department and sales
Keep updated and organized records of all communication and quotes
Monitor stock levels
Prepare and implement effective negotiation tactics with vendors
Other tasks as assigned
Requirements:
Proven experience in purchasing or relevant role
Negotiating skills for price and terms
Knowledge of market research, data and best practices for purchasing