The Purchasing Specialist will be responsible for procurement and vendor management for all operations. They maintain professional relationships with a variety of vendors in order to purchase products or services at the best possible prices. They also, maintain up-to-date vendor records, purchase order records, and follow all company policies and directives.
Supervisory Responsibilities: • None
Duties/Responsibilities: • Help define and maintain Min/ Max levels. • Ensure that all purchase orders are timely submitted to vendors, so the material is received timely to not adversely affect production. • Negotiate with external vendors to secure advantageous terms. • Maintaining relationships with suppliers while continually scouting for additional vendors or more profitable suppliers. • Evaluating spending operations while seeking ways to improve and enhance the quality of products purchased and the timeliness of deliveries. • Track and report key functional metrics to reduce expenses and improve effectiveness. • Communicating with management regularly regarding the efficient flow of goods and services affecting production. • Conducting cost analyses and setting benchmarks for improvement. • Developing risk management procedures to mitigate losses in the event of product shortages. • Working closely with the company finance department and SRTP CTO to make sure contracts and terms are favorable. • Control spend and build a culture of long-term savings on procurement costs. • Follow corporate policy regarding new vendor setup, vendor maintenance, and PO's approvals.
Required Skills/Abilities: • Proven working experience as a purchasing specialist, procurement specialist, and buyer. • Broad knowledge of sourcing and procurement techniques. • Talent in negotiations and networking. • Multi-tasking and time-management skills, with the ability to prioritize tasks. • Deep understanding of supply chain and inventory management systems. • Capability to work under pressure and adapt to dynamic environments. • Attention to detail and a commitment to achieving operational efficiency.
Education and Experience: • Bachelor's degree in Business or Supply Chain Management. • Five years of experience in purchasing, buying, and procurement. • Must be vendor-focused, willing to learn.
Physical Requirements: • Must be able to lift up to 15 lbs. • Must be able to sit at a computer for long periods of time.
Travel Requirements: • Travel will not be required for this position but could change in the future.
Time Requirements: • 8-hours shifts M-F; 8 am - 5 pm
Prerequisites: • Pass drug test before job offer is considered valid. • Vision test as required based on job duties. • Safety test • Must sign a confidentiality agreement/NDA before access to any confidential information is provided or on the first day of employment.
Benefits: • Medical, dental, and vision insurance as outlined in the Employment benefits guide • PTO/Sick leave as defined in the offer letter • Other benefits as offered/updated by the company