Strategic Buyer

IDEX • Boulder, CO

279d • $74,200 - $111,400

About The Position

The Strategic Buyer will play a crucial role in managing and optimizing the supply chain operations of the business. The candidate will focus on sourcing, analyzing, and improving supplier relationships to achieve cost savings, process efficiencies, and value creation.

Requirements

• Degree in business, supply chain management, engineering or equivalent.
• Experience in a manufacturing environment.
• Experience in working with ERP systems.
• Prior supply chain or procurement experience.
• Excellent communication skills.

Responsibilities

• Support Daily Purchasing Operations
• Release POs to vendors once PRs are placed and approved.
• Track order acknowledgements and maintain a clean open order report to keep a pulse on order statuses.
• Proactively communicate delays and risks vs planned delivery with internal and external parties.
• Understand the sourcing implications to broader business and own a component of productivity and DMI reporting by identifying opportunities to reduce costs, complexity, or risk.
• Drive process improvements to reduce costs, risks, and enhance supplier relationships while minimizing amount of inventory on hand.
• Develop, plan, and implement sourcing strategies which includes finding innovative solutions to create enhanced value and reduced risk in stockouts.
• Identify and implement optimal inventory management systems including managing current Kanban system for consumables.
• Identify and facilitate potential new supplier(s) to support new product/initiatives/processes development by staying informed of the industry's trends.
• Communicate with engineering regarding product lifecycle changes due to regulation changes or component obsolescence.
• Establish strategic sourcing playbook/process to allow for scalability.
• Manage supplier relationships, build trust, and address performance issues.
• Ensure all controlled information is transferred to vendors via the secure portal.
• Implement risk management, including identifying second sources for critical materials.
• Track and report supplier performance internally and externally (scorecards), including cost savings and spend.
• Collaborate with quality team for vendor qualifications and audits.
• Identify, develop, and implement optimized cost source of supply for critical commodities.
• Provide in-depth spend analysis, supplier assessments, and financial perspectives.
• Initiate requests for competitive bids.

Benefits

• Health benefits
• 401(k) retirement savings program with company match
• PTO
• Performance based bonus plan

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Machinery Manufacturing
• Education Level: Bachelor's degree