What are the responsibilities and job description for the Purchasing Manager position at Tricon Piping Systems, Inc.?
Job Title: Purchasing Manager
Reports to: Director of Operations
The Company:
Established in 2000, the company is a fast-growing leader in the manufacturing sector, renowned for its innovative approach and exceptional market reach. With backing from a well-capitalized private equity firm, the company is poised for sustained growth through both organic initiatives and strategic M&A activities. This role presents a unique opportunity to shape procurement strategy at a high level, driving both operational efficiency and long-term scalability.
Job Description:
The Purchasing Manager will be a strategic leader, tasked with architecting a procurement function that drives business growth across multiple locations. This individual will lead the development of advanced purchasing strategies, negotiate high-value supplier agreements, and cultivate critical vendor partnerships to ensure the seamless and cost-efficient supply of top-tier materials. Collaborating with senior executives across operations, sales, and finance, the Purchasing Manager will deliver solutions that support the company’s aggressive expansion goals. This is a high-impact role requiring exceptional strategic thinking, advanced analytical capabilities, and strong leadership skills.
Key Responsibilities:
Strategic Supplier Management
- Lead the consolidation and optimization of vendors across multiple locations to leverage purchasing power and maximize cost efficiencies.
- Negotiate complex, multi-year contracts that align with long-term business strategies, securing optimal pricing, delivery terms, and quality standards.
- Build and maintain executive-level relationships with key suppliers, ensuring alignment with corporate growth objectives and fostering strategic partnerships.
- Establish performance management frameworks to evaluate suppliers on metrics such as quality, delivery timeliness, and cost-effectiveness.
- Collaborate with senior leadership across sales, production, and finance to ensure procurement strategies align with company-wide operational goals.
Inventory & Supply Chain Optimization
- Implement innovative inventory management solutions, incorporating advanced forecasting techniques and just-in-time (JIT) inventory models to optimize working capital.
- Develop key performance indicators (KPIs) to track and enhance procurement efficiency, inventory turnover, and on-time delivery performance.
- Lead cross-functional initiatives to enhance supply chain resilience, ensuring continuity of supply in a dynamic and competitive marketplace.
- Lead the integration and implementation of pricing strategies within the new ERP system, ensuring accurate and dynamic pricing models that align with company objectives and market conditions.
Cost Management & Risk Mitigation
- Continuously analyze commodity markets (e.g., steel) and other key inputs to anticipate pricing trends and develop hedging or forward-buying strategies.
- Drive cost reduction initiatives, including value engineering and long-term supplier relationships that mitigate supply chain risk while delivering financial performance improvements.
Qualifications:
- Bachelor's degree in supply chain management, business, or a related field (Master’s degree preferred).
- 8 years of progressive experience in procurement or supply chain management, with a track record of leading procurement in complex, multi-location environments.
- Demonstrated success in negotiating high-value, long-term supplier agreements that deliver significant cost savings and operational efficiencies.
- Expertise in make-to-order manufacturing environments, including direct experience with JIT and lean manufacturing principles.
- Advanced proficiency in procurement software and supply chain analytics, with a deep understanding of digital tools to enhance strategic sourcing and inventory management.
- Strong leadership skills, with proven ability to influence stakeholders at all levels and drive cross-functional collaboration.
Compensation:
The successful candidate will receive a highly competitive compensation package, including an executive-level base salary, a performance-based bonus, and a comprehensive benefits plan. The company offers significant growth potential within a high-performance environment, with opportunities for future leadership roles.