What are the responsibilities and job description for the Purchasing Buyer position at InnerSpace?
The Purchasing Buyer is responsible for purchasing materials, supplies, and services at the most favorable terms for the organization. This role ensures a continuous supply of materials in line with established inventory levels while supporting cost-saving initiatives and maintaining vendor relationships to meet production needs.
Duties, Tasks and Responsibilities
- Qualify vendors, evaluate bids, and negotiate prices and terms for the purchase of materials, goods, and services.
- Purchase raw materials used in manufacturing products or conducting product development research.
- Identify, evaluate, and monitor suppliers to ensure reliable sourcing, quality, and availability of required commodities.
- Track and manage purchases, monitor vendor performance regarding quality and service, and maintain up-to-date vendor information.
- Negotiate resolutions with suppliers regarding quality and service issues, providing feedback on performance to ensure continuous improvement.
- Monitor and analyze the commodities market and global economic conditions to make informed purchasing decisions.
- Work with the planning team to analyze inventory levels, manufacturing schedules, and long-term business objectives to effectively plan purchases.
- Collaborate with the transportation team to determine optimal delivery terms, rates, and freight classifications.
- Ensure up-to-date supply contingency plans are in place in case primary suppliers fail to meet requirements.
- Use strategic sourcing tools to support continuous cost reduction efforts for product bill of materials (BOM) costs.
- Ensure compliance with all applicable regulations and standards governing the purchase and delivery of goods.
- Perform other duties as assigned related to procurement and purchasing.
- Work closely with Engineering and New Product Development to ensure projects and production release plans are properly sourced, planned and on target.
- Support all departments to ensure that product needs are met and on time
Critical Skills & Knowledge
- Strong ability to manage multiple tasks and changing priorities, ensuring accurate and timely completion.
- Exceptional attention to detail and accuracy in order management.
- Strong problem-solving skills and the ability to make sound decisions under pressure.
- Collaborative team player with good communication and interpersonal skills.
Minimum Qualifications
- 3 years of experience in purchasing or commodity buying, preferably in a manufacturing environment.
- Bachelor’s degree preferred (Supply Chain, Business, or related field preferred).
Benefits
- 401(k)
- 401(k) matching
- Dental insurance
- Flexible schedule
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Parental leave
- Referral program
- Vision insurance
