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Buyer

IDEX CorporationWaterloo, ON
CA$63,400 - CA$95,200Hybrid

About The Position

The primary function of this position is to follow and develop our procurement strategy across a defined commodity portfolio to ensure on-time delivery of production parts while continuously optimizing cost, inventory, and supplier performance. The Buyer plays a key role in supplier relationship management, cross-functional collaboration, and the implementation of sourcing strategies that align with company goals. This position is ideal for a seasoned professional who can proactively solve supply challenges and drive continuous improvement in the procurement process.

Requirements

  • Post-secondary diploma or degree in a related discipline (materials management, supply chain management or business)
  • Minimum of 3-5 years of progressive supply chain or procurement experience in a manufacturing environment.
  • Demonstrated experience in leading supplier negotiations and implementing strategic sourcing initiatives.
  • MRP/ERP experience required (SAP, JDE/Oracle, etc.).
  • Familiar with both make-to-stock and make-to-order production processes.
  • Proficient in interpreting engineering drawings (SolidWorks, AutoCAD, etc.).
  • Excellent negotiation and vendor management skills.
  • Strong problem-solving and analytical skills.
  • Proven ability to lead cross-functional initiatives and manage supplier performance.
  • Intermediate to advanced MS Office skills (Word, Excel, PowerPoint).
  • Effective communication and interpersonal skills.
  • Committed to continuous improvement and supply chain optimization.
  • Strong ability to prioritize and manage multiple procurement projects simultaneously.

Nice To Haves

  • Industry Certifications considered an asset (CSCMP, CPIM, CSCP, CCLP, etc.)

Responsibilities

  • Release and negotiation of direct material purchases using MRP functionality, balancing cost, delivery, inventory, and quality performance.
  • Develop and execute long-term sourcing strategies, including blanket orders and cost containment plans.
  • Cost management should include, PPV and landed cost analysis.
  • Collaborate closely with supply planning, production, quality, and engineering teams to maintain continuity of supply and manage change implementations.
  • Build and maintain strong business relationships with all key supplier partners through regular communication and performance reviews.
  • Actively manage supplier performance to ensure adherence to delivery schedules, cost targets, and quality standards; escalate issues as necessary.
  • Negotiate and execute on blanket order agreements and minimum/multiple order policies.
  • Implement cost reduction strategies and maintain cost baselines.
  • Manage and implement engineering change requests and coordinate with internal teams to manage implementation timelines.
  • Coordinate and implement engineering change requests and new product introduction (NPI) with minimal disruption to production.
  • Manage reverse logistics for failed and suspect materials.
  • Maintain and optimize MRP system data, including lead times, safety stock levels, and order quantities.
  • Monitor market trends and commodity pricing to guide purchasing decisions and risk mitigation strategies.
  • Contribute to supply chain initiatives focused on dual sourcing, supply resilience, and lean manufacturing principles.
  • Stay informed about emerging technologies and industry best practices that impact procurement and sourcing.
  • Build supplier relationships and monitor supplier risks.

Benefits

  • Health benefits
  • 401(k) retirement savings program with company match
  • PTO

Career Resources

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