What are the responsibilities and job description for the Procurement Specialist position at BSC Industries?
Company Overview:
BSC Industries is a leading industrial distribution company dedicated to delivering exceptional products and solutions to its customers. The company focuses on enhancing profitability and customer satisfaction through optimized procurement processes, vendor relationships, and inventory management practices.
As a key player in the industry, BSC Industries strives to provide high-quality industrial products while maintaining cost efficiency and operational excellence.
About the Role
The Purchasing Manager at BSC Industries plays a crucial role in managing vendor relations and procurement strategies to support business growth and operational goals.
This position involves strategic purchasing, cost optimization, and inventory management to ensure timely material acquisition, cost savings, and superior service for customers.
- Responsibilities
- Lead purchasing team and oversee company-wide purchasing practices
- Establish and maintain guidelines and approval processes for purchases
- Monitor vendor pricing trends and sales activities to determine optimal purchasing opportunities. Centralize purchasing as appropriate.
- Identify, track, and report out cost savings and rebate initiatives including commentary to senior leadership.
- Ensure all procurement activities comply with company policies, legal regulations, and ethical standards. Manage requests for quality documentation and supplier questionnaire forms.
- Develop KPIs and scorecards to monitor purchasing and vendor performance
Vendor Management
- Work closely with Supply Chain Manager to establish and maintain strong, mutually beneficial relationships with vendors.
- Coordinate vendor activities, including negotiations, on-site meetings, training sessions, and lead generation initiatives.
- Evaluate supplier performance, recommending and implementing changes as needed
Inventory Management
- Monitor and drive inventory reduction efforts including leveraging systems like min/max to maintain efficient inventory levels, adjusting stock based on evolving customer demand.
- Facilitate vendor returns to minimize inventory costs
- Manage Excess and Obsolete inventory – determine strategy to dispose of slow-moving inventory
Qualifications
- Bachelor's degree in Supply Chain Management, Business Administration, or a related field.
Required Skills
- Proficiency in ERP systems like Profit 21 (P21), SAP, or Oracle.
- Strong analytical, negotiation, and decision-making abilities.
- Exceptional communication and organizational skills.
- High level of accuracy, attention to detail, and ethical standards.
Preferred Skills
- Familiarity with industrial products and suppliers.
- Professional certifications such as CPM, CPSM, or CSCP.
- Experience developing and implementing strategic sourcing initiatives.
Compensation Package
- Competitive salary.
- Comprehensive health, dental, and vision insurance.
- 401(k) plan with company match.
- Paid time off and holidays.
