Procurement Specialist

Eleven Recruiting is searching for a Procurement Specialist to join one of our largest Aerospace Manufacturing clients sitting onsite in Los Alamitos, CA. Your primary objectives will include negotiating robust contracts with suppliers and vendors, streamlining processes for receiving parts and managing inventory, and ensuring our supply chain strategies are perfectly aligned with the company's overarching goals. By focusing on reducing costs, enhancing delivery times, and maintaining rigorous quality standards, you will directly contribute to our mission of achieving operational excellence and sustaining our competitive edge in the aerospace industry. We are looking for someone who has experience in identifying and sourcing vendors outside the current state to provide more cost-effective materials, thereby achieving significant cost savings.

Responsibilities:

Contract Negotiation & Supplier Relations

• Lead negotiations to secure cost-effective agreements, mitigating economic and currency fluctuations through strategic long-term contracts and market tests.
• Develop and manage long-term agreements with key suppliers, focusing on cost reduction and improved delivery schedules.

Strategic Procurement & Sourcing

• Process and analyze RFQs and purchase orders, ensuring alignment with aerospace requirements and achieving significant savings.
• Identify and source vendors outside the current state to provide more cost-effective materials.
• Create and execute supplier rationalization plans to transition smoothly to new or existing suppliers without production interruptions.

Supplier Performance & Quality Management

• Prepare and monitor supplier performance metrics, including on-time delivery and quality performance, and report variances to senior management.
• Collaborate with Quality Assurance to maintain an updated Critical Supplier List and Approved Supplier List.

Cost Reduction & Efficiency Improvements

• Lead and implement cost reduction initiatives, ensuring alignment with business objectives.
• Conduct comprehensive market analyses to identify optimal strategic suppliers and evaluate new supply sources.

System Optimization & Data Analysis

• Analyze and enhance existing procurement systems, vendor agreements, and logistical arrangements to improve overall efficiency.
• Track and manage contract renewals, extensions, and modifications, ensuring compliance and continuity.

Cross-Functional Collaboration & Leadership

• Work closely with site buyers, procurement specialists, and other stakeholders to support procurement activities and strategic sourcing initiatives.
• Organize and lead supplier meetings for negotiations, capacity reviews, and performance assessments, fostering strong supplier relationships.

Expected Outcomes:

• Achieve significant cost reductions and improve delivery timelines, contributing to the company's financial health and operational efficiency.
• Enhance supplier performance and quality standards, ensuring a reliable and high-quality supply chain.
• Streamline procurement processes and systems, leading to more efficient and effective supply chain operations.
• Develop and maintain strong supplier relationships, ensuring long-term strategic partnerships that support the company's growth and innovation goals.

Qualifications:

• Bachelor's degree in Business Administration, Supply Chain, Finance, Material Management, Economics, or equivalent. Advanced degree preferred.
• 5-8 years of supply chain experience with strategic sourcing desired.
• Experience with AS9100 and ITAR requirements.
• Knowledge of procurement best practices and industry trends.
• Certification in procurement or supply chain management (APICS or ISM certification preferred).
• Proficiency in supplier management and contract negotiations.
• Strong technical skills, familiarity with global sourcing, experience drafting and negotiating contracts.