What are the responsibilities and job description for the Senior Buyer position at Powerwell?
JOB DESCRIPTION:
Our client is seeking an experienced and strategic Senior Buyer with a strong background in lean supply chain management to join the Purchasing Team. The ideal candidate will play a critical role in sourcing, negotiating, and managing supplier relationships while driving cost efficiencies, reducing waste, managing inventory design, and ensuring timely delivery of high-quality materials.
RESPONSIBILITIES:
- Strategic Sourcing and Procurement.
- Develop and execute sourcing strategies aligned with lean supply chain principles.
- Identify, evaluate, and onboard suppliers to ensure quality, cost, and delivery objectives are met.
- Negotiate contracts, terms, pricing, supply and/or stocking agreements to secure the best value.
- Supplier Relationship Management.
- Build and maintain strong relationships with key suppliers to foster collaboration and continuous improvement.
- Monitor supplier performance using metrics such as lead times, on time delivery and defect rates.
- Work with Suppliers too reduce waste and improve supply chain efficiency.
- Inventory Demand and Planning.
- Collaborate with inventory, planning and production teams to align purchasing with demand.
- Optimize inventory levels to minimize waste, excess stock, and stock-outs.
- Ensure inventory remains within design. Investigate, Pareto and Problem solve unfavorable trends.
- Cost Reduction and Waste Minimization.
- Identify opportunities to reduce costs while maintaining or improving product quality.
- Use Value Stream Mapping and other lean tools to eliminate non-value-added activities in the Supply Chain.
- Monitor and manage purchase Price Variance to ensure cost effectiveness.
- Process Improvement.
- Lead initiatives to improve procurement processes, supplier collaboration, and internal workflows.
- Implement best practices in lean supply chain management to achieve operational excellence.
- Train and mentor team members on lean principles and procurement strategies.
- Data Analysis and Reporting.
- Analyze procurement data to identify trends, risk, and opportunities for improvement.
- Prepare and present reports on purchasing metrics, savings achieved, and supplier performance.
- Use data to support decision-making and align procurement activities with organizational goals.
QUALIFICATIONS:
- Bachelor’s degree in supply chain management, Business Administration, or a related field.
- 5 years of experience in procurement or supply chain roles, with a focus on lean practices.
- Strong knowledge of purchasing principles, cash flow, supplier negotiation, and contract management.
- Experience with lean supply chain methodologies, such as JIT, Kanban, and value stream mapping.
- Proficiency in inventory and procurement software (Epicor preferred).
PREFERRED QUALIFICATIONS:
- Master’s degree in supply chain management, Business Administration, Computer Science, Mathematics or a related field.
- Purchasing experience in the Automotive, Aerospace and Defense, Energy, or Medical Device industries.
- Certification in supply chain management (e.g., Apics CPIM/CSCP, ISM CPSM).
- Experience with Six Sigma, Kaizen, or other continuous improvement frameworks.
- Strong analytical skills and proficiency in data analysis (E.g., advanced excel, R, Python, Power BI, Tableau).
KEY COMPETENCIES:
- Excellent negotiation and communication skills.
- Strong organizational and time management skills.
- Problem-solving mindset with a focus on continuous improvement.
- Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
WORK ENVIRONMENT:
- Office based with occasional travel to supplier locations
BENEFITS START DAY 1:
- 401(k) matching
- Dental insurance
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Vision insurance
Salary : $70,000 - $90,000