What are the responsibilities and job description for the Purchasing Manager position at Master Magnetics?
The Organization:
Master Magnetics, has been a leading innovator in practical magnetic solutions since 1976. Founded by Jack Nellessen, the companys 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 companys 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:
- Minimum seven years of recent experience in managing forecasting, sourcing, and purchasing functions in a distribution and assembly environment.
- Experience working with overseas vendors (Asia preferred)
- Proficiency with ERP systems and purchasing software.
- Strong communication, interpersonal, and leadership skills.
- Analytical mindset with problem-solving abilities.
- Proficient in use of Microsoft Office products (Outlook, Excel, Word, PowerPoint).
- Bachelors degree in business administration, Supply Chain, Logistics, or related field; APICS or CPM certification is acceptable in lieu of a degree.
Salary & Benefits:
- $90-$100k base salary, based on experience, plus bonus potential
- 401k with company matching
- Health, dental, vision, and life insurance
- 7 paid holidays per year and paid time off
- Health maintenance incentive, educational reimbursement
Salary : $90,000 - $100,000