Purchase Specialist

Job Summary:

The Purchasing Specialist will be responsible for procurement and vendor management for all operations. They maintain professional relationships with a variety of vendors in order to purchase products or services at the best possible prices. They also, maintain up-to-date vendor records, purchase order records, and follow all company policies and directives.   

Supervisory Responsibilities:

·        None

Duties/Responsibilities:

·        Help define and maintain Min/ Max levels.

·        Ensure that all purchase orders are timely submitted to vendors, so the material is received timely to not adversely affect production.

·        Negotiate with external vendors to secure advantageous terms.

·        Maintaining relationships with suppliers while continually scouting for additional vendors or more profitable suppliers.

·        Evaluating spending operations while seeking ways to improve and enhance the quality of products purchased and the timeliness of deliveries.

·        Track and report key functional metrics to reduce expenses and improve effectiveness.

·        Communicating with management regularly regarding the efficient flow of goods and services affecting production.

·        Conducting cost analyses and setting benchmarks for improvement.

·        Developing risk management procedures to mitigate losses in the event of product shortages.

·        Working closely with the company finance department and SRTP CTO to make sure contracts and terms are favorable.

·        Control spend and build a culture of long-term savings on procurement costs.

·        Follow corporate policy regarding new vendor setup, vendor maintenance, and PO’s approvals.

Required Skills/Abilities:

·        Proven working experience as a purchasing specialist, procurement specialist, and buyer.

·        Broad knowledge of sourcing and procurement techniques.

·        Talent in negotiations and networking.

·        Multi-tasking and time-management skills, with the ability to prioritize tasks.

·        Deep understanding of supply chain and inventory management systems.

·        Capability to work under pressure and adapt to dynamic environments.

·        Attention to detail and a commitment to achieving operational efficiency.

Education and Experience:

·        Bachelor’s degree in Business or Supply Chain Management.

·        Five years of experience in purchasing, buying, and procurement.

·     Must be vendor-focused, willing to learn.

Physical Requirements:

·        Must be able to lift up to 15 lbs.

·        Must be able to sit at a computer for long periods of time.

Travel Requirements:

·        Travel will not be required for this position but could change in the future.

Time Requirements:

·        8-hours shifts M-F; 8 am – 5 pm

Prerequisites:

·        Pass drug test before job offer is considered valid.

·        Vision test as required based on job duties.

·        Safety test

·        Must sign a confidentiality agreement/NDA before access to any confidential information is provided or on the first day of employment.

Benefits:

·        Medical, dental, and vision insurance as outlined in the Employment benefits guide

·        PTO/Sick leave as defined in the offer letter

·        Other benefits as offered/updated by the company