Sr Capital Buyer

Magna International • Novi, MI

2d

About The Position

At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are.

Group Summary: Magna is an innovative leader in the development and manufacturing of high quality complete seating systems. Our solution includes seating structures, mechanisms and hardware, as well as foam and trim products for global automotive, heavy truck and bus industries. Our capabilities include market and consumer research; full concept development; design and engineering capabilities; testing, validation and world-class manufacturing. Our award-winning seating solutions are developed from consumer research, finding the ease of operation to be comfortable, convenient and connected.

Requirements

• Bachelor's degree (or equivalent) in Business Administration, Supply Chain Management, Engineering, Finance, or related field; or a combination of equivalent education and work experience.
• Five (5) years preferred of purchasing, strategic sourcing, capital procurement, engineering, manufacturing, or related experience.
• Knowledge of capital equipment, automation systems, tooling, facilities projects, and industrial manufacturing processes.
• Ability to apply quantitative analysis skills with a fundamental understanding of material, labor, burden structures, and cost drivers.
• Ability to evaluate and analyze equipment quotations, project budgets, supplier proposals, and total cost of ownership.
• Strong understanding of capital project management and procurement processes.
• Experience with competitive bidding, contract negotiation, and supplier management.
• Knowledge of cost reduction methodologies including VA/VE, global sourcing, standardization, and project optimization.
• Ability to interpret equipment specifications, technical drawings, statements of work, and project schedules.
• Strong financial and quantitative analysis skills including ROI, payback, NPV, and investment justification concepts.
• Working knowledge of APQP, manufacturing systems, automation technologies, and industrial equipment procurement.
• Strong communication and presentation skills, both verbal and written.
• Strong organizational skills and the ability to manage multiple capital projects simultaneously.
• Demonstrated ability to independently solve complex commercial and project-related issues.
• Proficient with word processing, spreadsheet, project management, and database applications.

Nice To Haves

• Capital equipment sourcing
• Manufacturing automation procurement
• Facilities and infrastructure sourcing
• Contract negotiation
• Project management
• Supplier development
• Cost modeling and financial analysis
• Investment justification and ROI analysis
• Risk management
• Cross-functional leadership

Responsibilities

• Independently manages the sourcing, procurement, and commercial activities associated with capital equipment, tooling, facilities, automation, and infrastructure investments in accordance with company policies and procedures.
• Supports engineering, manufacturing, operations, and program teams through strategic sourcing, supplier management, cost analysis, and project execution to achieve company objectives.
• Provides capital procurement expertise, recommendations, and direction to project teams.
• Generally completes the following duties and responsibilities with the support of purchasing management.
• Essential Duties and Responsibilities Generally assigned to high-complexity capital equipment, tooling, automation, facilities, and infrastructure projects.
• Develops and utilizes knowledge of capital equipment markets, supplier capabilities, and cost structures to achieve cost reduction and investment optimization objectives through competitive sourcing, market testing, value analysis/value engineering (VA/VE), and total cost of ownership analysis.
• Develops sourcing strategies for capital expenditures (CapEx) and presents recommendations to management for approval.
• Leads commercial negotiations for capital equipment, tooling, facility expansions, automation systems, services, and installation contracts.
• Supports manufacturing, operations, facilities, and engineering teams with sourcing activities while ensuring alignment to approved project budgets, timing, technical requirements, and corporate purchasing strategies.
• Prepares bid analyses and sourcing recommendations based on cost, quality, technical capability, supplier capacity, project timing, and risk assessment.
• Evaluates supplier quotations, identifies cost-saving opportunities, challenges supplier assumptions, and negotiates competitive pricing and contractual terms.
• Establishes pricing and commercial agreements in a timely manner and maintains all required supporting documentation.
• Supports project teams during equipment design, specification development, supplier selection, equipment acceptance, and project implementation phases.
• Conducts supplier capability assessments, commercial evaluations, and capacity reviews for capital projects.
• Negotiates and manages engineering changes, scope modifications, and project-related commercial impacts throughout equipment installation and launch phases.
• Collaborates with engineering, manufacturing, maintenance, finance, operations, and project management personnel to ensure successful project execution.
• Supports capital appropriation requests by developing cost estimates, sourcing strategies, and supplier recommendations.
• Maintains accurate records of capital expenditures, supplier contracts, project savings, and investment approvals.
• Drives continuous improvement initiatives and cost reduction projects related to manufacturing equipment, facilities, and automation investments.
• Assists purchasing management with development of presentations and business cases for executive leadership approval of capital investments
• Supports supplier performance management activities related to quality, delivery, installation, commissioning, and warranty performance.
• Ensures compliance with company purchasing policies, financial controls, and capital approval processes
• Supports Internal/External Audit efforts regarding ISO 9001:2015 and IATF 16949 requirements applicable to capital sourcing activities.
• Supports the requirements as detailed in Standard Operating Procedure 8000 (Quality Management System).
• Ensures work is performed in a manner consistent with organizational health, safety, environmental, and sustainability objectives.

Benefits

• We see a future where everyone can live and move without limitations. That’s why we are developing technologies, systems and concepts that make vehicles safer and cleaner, while serving our communities, the planet and, above all, people. In the right environment, your ideas can turn into industry-changing automotive technologies and improve the lives of people around the world. Let's create the future of mobility, together.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior