What are the responsibilities and job description for the Buyer position at MadgeTech Inc.?
Job Overview
We are seeking a detail-oriented and strategic Buyer to join our procurement team. The ideal candidate will be responsible for sourcing and purchasing goods and services that meet the company’s operational needs. This role requires strong negotiation skills, an understanding of contract management, and proficiency in procurement processes. The Buyer will work closely with various departments to ensure that all purchases align with the company's goals and budgetary constraints.
Responsibilities
- Assist in identifying and evaluating potential suppliers for components used in data logging products.
- Maintain and update supplier contact lists, vendor catalogs, and other procurement-related documents.
- Communicate with suppliers to request quotes, track orders, and monitor delivery timelines.
- Create and manage purchase orders (POs) for materials, components, and services required in the manufacturing of data logging devices.
- Coordinate with the production and operations teams to address any urgent procurement needs or material shortages.
- Ensure POs are processed accurately and efficiently, with clear instructions regarding quantities, delivery schedules, and specifications.
- Follow up with suppliers to confirm order status and resolve any issues related to delivery or discrepancies.
- Monitor inventory levels of critical materials and components used in data logging production, ensuring that stock levels meet production requirements.
- Assist with inventory management tasks, including stock rotation, tracking excess inventory, and managing stock-outs or shortages.
- Coordinate with shipping/receiving to ensure proper receipt and storage of incoming materials.
- Help track and report on procurement spending, ensuring purchases align with the budget and financial targets.
- Assist in analyzing price quotes, comparing supplier options, and identifying cost-saving opportunities.
- Support the Materials Manager in negotiating favorable terms and pricing with suppliers.
- Work closely with the Quality Assurance (QA) team to ensure all purchased components meet the required quality standards for data logging applications.
- Assist in resolving quality issues by coordinating returns, replacements, or other corrective actions with suppliers.
- Stay informed of industry regulations and ensure that all materials purchased comply with applicable standards (e.g., RoHS, CE).
Experience
- Proven experience in procurement management or a related field is preferred.
- Strong knowledge of supply chain processes and contract management principles.
- Demonstrated ability to negotiate effectively and manage supplier relationships.
- Familiarity with MRP systems is a plus.
- Excellent analytical skills with attention to detail.
- Strong communication skills, both verbal and written, to interact effectively with suppliers and internal stakeholders.
Join our team as a Buyer and contribute to our mission of achieving operational excellence through effective procurement strategies!
Job Type: Full-time
Pay: From $60,000.00 per year
Schedule:
- 8 hour shift
- Monday to Friday
Work Location: In person
Salary : $60,000
