Purchasing Manager

The Organization :

Master Magnetics , has been a leading innovator in practical magnetic solutions since 1976. Founded by Jack Nellessen, the company's growth was fueled by a deep understanding of retail and industrial customer needs and the development of strong supply chains to deliver the right products at the right time.

Today, Master Magnetics is seeking to expand its capabilities into new markets by exploring alternative sources of supply and introducing innovative products that help our customers grow.

The Position :

The Purchasing Manager is responsible for managing all daily and strategic aspects of product sourcing, forecasting, and procurement to meet the company's supply chain goals. This role provides leadership, direction, and training to the Purchasing Team, ensuring that all procured items meet the required specifications and quality standards.

Responsibilities :

• Lead the Purchasing Team in planning, sourcing, and purchasing of finished products and raw materials.
• Foster strong, collaborative relationships with suppliers, partners, and customers to improve overall performance and service.
• Analyze the supply chain network to identify inefficiencies and opportunities for optimization.
• Negotiate with vendors on special orders, lead times, purchase orders, and pricing.
• Monitor and ensure proper inventory levels by product category to optimize turns and ROI.
• Maintain vendor relationships through KPI tracking, vendor scorecards, and business reviews.
• Coordinate with Sales on demand forecasting changes.
• Support ERP and system maintenance and evaluate purchasing processes for continuous improvement.
• Train new hires in department processes and use of ERP and purchasing software.
• Collaborate with the Quality Manager to resolve supplier-related issues.
• Provide weekly updates to senior staff on vendor issues and supply chain constraints.
• Participate in cross-functional teams to identify cost reductions and process improvements.
• Willingness to travel, overseas and domestically, as required.

Qualifications :

Salary & Benefits :

Salary : $90,000 - $100,000