What are the responsibilities and job description for the Procurement Specialist position at Power Integrations?
Responsibilities:
- To understand business need of all the groups of the company, working with business stakeholders to establish the procurement program.
- Demonstrate expertise in the indirect spending category with clear understanding of market influence, market trend and procurement strategy
- Develop company’s indirect spending purchasing program and maintain procurement database.
- Timely purchasing execution to meet the business needs.
- To develop supplier relationships to ensure low cost, quality supply. Track and evaluate vendor performance.
- Driver cost reduction programs in the areas of assembly and test equipment, IT, freight and other indirect material purchasing
Qualifications and Requirements:
- Bachelor’s degree. CPSM or training in procurement is preferred
- 5 year experience in procurement in a high tech environment
- Knowledge in assembly and test equipment, IT, freight is a plus
- Work with the business owners to develop and implement negotiation strategies to reduce cost of the major purchases
- Develop and maintain KPIs to track cost reduction achievements
- Proven track record in achieving cost reductions
- Strong negotiation skills
- Service oriented attitude
Power Integrations is committed to building teams that drive innovation and therefore review a range of factors when determining compensation. The annual base pay range for this position is $63,273 to $88,500. Our salary ranges are determined by role, level, qualifications and work location.
The range displayed on the job posting reflects the minimum and maximum target for new hire salaries for this position in California. Within the range, individual pay is determined by additional factors, including job-related skills, experience, and relevant education or training.
Power Integrations also offers to our eligible employees a comprehensive total rewards package that includes equity, medical benefits, ESPP, 401K, tuition reimbursement and time off programs. For additional benefits, please visit https://www.power.com/company/our-sustainability-priorities/people-our-engine-innovation.
Salary : $63,273 - $88,500
