Director of Purchasing & Inventory
About The Position
Owns TF Group/Threaded Fasteners Inc's purchasing and inventory strategy, balancing inventory investment against customer service. Sets the company-wide standards for what we buy, how much we carry, and how we manage suppliers. Key Business Outcomes include establishing and maintaining company-wide inventory strategies with target levels and turns, planning and controlling purchasing expenditures through an annual budget and strategic supplier spending plans, ensuring consistent application of purchasing standards and inventory practices, measuring supplier performance through a structured vendor management program, identifying and reducing lost sales due to inventory availability, establishing and monitoring key performance metrics, and operating efficient purchasing and inventory management processes through a capable team. The role helps maximize the value of inventory investment by developing sound purchasing strategies, strengthening supplier relationships, improving inventory performance, and supporting the long-term success of the employee-owned company.
Requirements
- Minimum of five years' experience in Purchasing and Inventory Control.
- Strong computer skills, including proficiency in Microsoft Office Suite, Google Docs, and data entry.
- Exceptional organizational and time management skills with a keen eye for detail.
- Excellent written and verbal communication skills.
- Strong problem-solving skills and a proactive approach to tasks.
Nice To Haves
- Bachelor's degree in business or related field is a plus.
- P21 software experience a plus.
- Previous Fastener Industry Experience.
Responsibilities
- Develops and executes the Company's purchasing and inventory strategy.
- Provides leadership for the central purchasing team by establishing priorities, developing talent, and ensuring consistent purchasing practices across the organization.
- Creates and maintains Company purchasing guidelines, approval authorities, and inventory management standards.
- Develops and maintains inventory planning strategies, including target inventory levels, replenishment methods, and inventory control policies.
- Develops and manages the Company's annual purchasing budget, including strategic vendor spending plans for key suppliers.
- Builds and maintains strategic supplier relationships through supplier reviews, forecasting, and continuous improvement initiatives.
- Establishes and maintains supplier management processes, including approved supplier programs, supplier scorecards, and performance monitoring.
- Develops and maintains the Company's lost sales reporting process and uses the information to improve inventory availability and purchasing decisions.
- Establishes, tracks, analyzes, and reports key inventory and supplier performance metrics to support operational and financial objectives.
- Partners with Finance, Operations, Manufacturing, and Sales to ensure purchasing strategies support the Company's operational and financial goals.
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What This Job Offers
Job Type
Full-time
Career Level
Director
