Procurement Manager
About The Position
The Procurement Manager – Technology ensures procurement activities align with the vertical sourcing strategy and supports customer demand, inventory optimization, cost reduction, supplier development, and gross margin improvement. The role collaborates with demand planning, supply chain analytics, service center, and program management teams to analyze forecasts and consumption, optimize inventory, support new business implementations, and meet financial and procurement performance targets. The manager oversees service center procurement workload and performance against metrics including fill rate, days of inventory, supplier on-time delivery, purchase price variance, and NCMR/IBD resolution. The position also manages supplier relationships and pricing, identifies cost-reduction opportunities, supports obsolete inventory disposition, and leads the training, development, and personnel processes for direct reports in the Consumer & Industrial vertical.
Requirements
- Ability to think strategically and implement solutions that improve buyer efficiency, reduce costs, and accelerate sales within the vertical.
- Proven ability to delegate tasks effectively and manage team performance.
- Ability to handle escalations and solve problems.
- Ability to analyze vertical supply chain needs and develop supplier relationships to meet requirements.
- Ability to work cross-functionally with service center personnel and supplier representatives to manage incoming supply and stocking levels.
- Ability to negotiate material acquisition costs and lead times that meet customer demand schedules.
- Excellent problem-solving, multitasking, and time-management skills.
- Ability to prioritize and organize.
- Willingness to travel for customer and supplier meetings, audits, and other assessments.
- Bachelor’s degree or equivalent work experience.
- At least 5 years of professional sourcing and/or purchasing experience.
- Strong technical acumen and knowledge of the industrial components supply base.
- Proven leadership experience and direct-report oversight.
- Excellent computer skills, specifically Microsoft Excel and Power BI, including the ability to create complex formulas such as XLOOKUP and IF/THEN statements and build pivot tables.
- Effective communication skills with peers and service center personnel.
Responsibilities
- Ensure procurement aligns with the vertical sourcing strategy by participating in supplier selection, strategic supplier growth plans, cost-reduction initiatives, and supplier development.
- Collaborate with demand planning and supply chain analytics teams to analyze customer forecasts and historical consumption, and provide recommendations in demand planning meetings to optimize inventory and fulfillment.
- Evaluate inventory investments needed for new business implementations or program expansions and ensure they align with trade working capital initiatives.
- Meet or exceed monthly average-days-of-inventory targets; assist with the annual budget and provide monthly quarterly inventory forecasts.
- Coordinate with the Service Center Manager and Program Management team to align procurement with sales projections and gross margin improvement targets.
- Oversee new business implementations, including establishing stocking methodologies, allocating resources for implementation purchases, and aligning supplier price agreements.
- Evaluate service center procurement workload and delegate or assume tasks to meet sourcing and procurement metrics.
- Manage service center performance against procurement metrics, including fill rate, days of inventory, supplier on-time delivery, purchase price variance, and NCMR/IBD resolution.
- Review acquisition costs against contract pricing and prior costs to minimize supplier contract pricing leakage.
- Identify gross margin improvement opportunities through cost-reduction negotiations, volume-based price breaks, and nearshoring or offshoring; track and publish results.
- Assist with obsolete inventory disposition by pursuing vendor returns or converting items into active parts through rework or secondary processing.
- Coordinate HR and personnel matters for direct reports, including performance reviews, compensation, benefits and payroll issues, promotions, merit increases, bonus allocations, and training and development.
- Train and develop buyers, junior buyers, and expeditors; create and manage a training matrix and provide regular feedback on performance metrics.
- Lead onboarding and change management for adoption of the supplier portal and its functionalities.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
