Procurement Manager

Professional Plastics•Orchard Park, NY

10d•Onsite

About The Position

The Procurement Manager is responsible for strategic sourcing, demand forecasting and stock balancing duties for assigned locations. Using Netstock as the primary tool you will provide data-driven insights to optimize inventory, reduce stock outs and minimize excess stock. In this position, you will determine what to buy through demand analysis and current inventory levels and how to buy it, through sourcing strategy and vendor management of the inbound flow of inventory. You will be accountable for choosing the lowest landed cost materials that meet quality, lead time, and quantity requirements to support being competitive in order to help branches be successful with their product strategies and profitably serve their customer base.

Requirements

7+ Years of strategic buying/planning experience
Proficiency in Netstock
Knowledge of ERP systems; Microsoft Dynamics 365, Syspro, NetSuite, Acumatica
Ability to analyze datasets, spot trends and provide recommendations
Ability to anticipate disruptions and plan for future demand
Meticulous approach to review data, adjust safety stocks and manage SKU parameters
Strong aptitude for solving replenishment issues and optimizing complex supply chains

Nice To Haves

APICS/CPIM Certification
Netstock Inventory Management Concepts Certification

Responsibilities

Identify and select the best suppliers; negotiate pricing, terms, and quality for raw materials, BOM components, and services via OPC processes
Handle price negotiations when appropriate or when there is no other corporate contract in place; responsible for expediting when a supplier is late on their delivery commitment
Understand Netstock’s inventory classifications for stocked items using ABC analysis (based on value) and LMH analysis (based on velocity) to set appropriate inventory policies and safety stock levels for each SKU and warehouse combination
Leverage Netstock’s AI-driven forecasting tool to analyze historical sales, identify trends, and anticipate seasonal demand shifts, creating accurate demand forecasts to drive replenishment in the warehouses and Distribution Centers
Collaborate with sales and procurement teams to align inventory levels with business goals, new customer demand, and when introducing new products
Negotiate for better terms or cost, participate in and suggest initiatives to lower costs or improve efficiency, such as automation-related initiatives
Identify potential vendor, product, or market disruptions and develop and present appropriate contingency plans to be acted on to prevent shortages
Collaboratively define and monitor service level targets to maximize product availability while reducing excess inventory
Maintain database of lead times, primary vendors, MOQs in Syspro
Act on daily automated purchase order recommendations from Netstock, manage replenishment schedules and supplier lead times to minimize stock-outs and excess stock.
Use Netstock’s “Top-Up” capability to fill out containers
Identify overstock, slow-moving, and obsolete inventory, initiate transfer or liquidation strategies to improve inventory turnover
Monitor key performance indicators such as Fill Rate, Stock Turns, Inventory Value, and Forecast Accuracy to report on team performance