Procurement Manager

IDEX Corporation•Denver, CO

5d•$109,800 - $164,600

About The Position

The Procurement Manager is responsible for leading purchasing and supplier management activities as well as providing input on sourcing management. This role manages a team of professional procurement employees and oversees procurement of direct materials (80/20 focus) as well as indirect goods and services. The role drives cost efficiency, supplier performance, and supply continuity while aligning procurement strategies with operational and business objectives. The Procurement Manager applies data-driven decision-making, including 80/20 analysis, to prioritize high-impact categories, optimize supplier base, and improve working capital.

Requirements

Strong understanding of strategic sourcing and procurement processes
Experience with metal commodities, engineered components, or industrial supply chains
Knowledge of ERP systems (i.e., JDE experience preferred)
Strong analytical skills with ability to apply 80/20 and data-driven decision making
Financial acumen (cost analysis, total cost of ownership)
Ability to lead and develop a small, high-performing team
Strong negotiation and supplier management skills
Excellent communication and stakeholder management ability
Problem-solving mindset with focus on continuous improvement
Ability to manage multiple priorities in a fast-paced manufacturing environment
Bachelor’s degree in Supply Chain, Business, Engineering, or related field
3–5 years of procurement/sourcing management experience in a manufacturing environment
Experience managing both direct materials and indirect spend categories

Nice To Haves

Experience in engineering or metal forming industries strongly preferred
Prior experience leading or supervising a small team of procurement professionals (3–5 employees)

Responsibilities

Develop and execute procurement strategies for direct materials (80/20 categories) and indirect spend.
Ensure material availability to support production schedules while optimizing inventory levels and cash flow.
Lead sourcing activities including RFQs, bid analysis, supplier selection, and contract negotiations.
Drive cost reduction initiatives through value analysis, supplier consolidation, and strategic sourcing.
Build and maintain strong relationships with key suppliers.
Monitor supplier performance across cost, quality, delivery, and service (CQD) metrics.
Lead supplier business reviews and corrective action plans where needed.
Identify and mitigate supply chain risks (capacity, geopolitical, single-source dependencies).
Apply 80/20 principles to prioritize high-value materials (e.g., metals, engineered components).
Manage procurement of indirect goods and services (e.g., logistics, professional services).
Ensure compliance with company policies and cost controls across indirect categories.
Lead, coach, and develop a team of procurement professionals.
Set clear performance expectations and accountability standards.
Drive continuous improvement mindset and skill development within the team.
Partner with Engineering, Operations, Finance, and Quality teams to align procurement with business needs.
Support new product development (NPD) through early supplier involvement and cost modeling.
Collaborate on cost savings, value engineering, and process improvement initiatives.
Maintain accurate procurement data and reporting in ERP systems.
Track KPIs including cost savings, supplier performance, inventory turns, and on-time delivery.
Ensure compliance with safety, ethical sourcing, and regulatory requirements.
Performs other related duties as assigned.