Advanced Buyer
Minth North America, Inc. · Wixom, MI · 3 wk ago
PurchasingFull-time
About the role
The successful candidate will play a crucial role in optimizing the procurement process, managing vendor relationships, and driving cost savings initiatives.
Responsibilities
- Market Research and Analysis:
- Conduct in-depth market research to identify potential suppliers, industry trends, and pricing dynamics.
- Analyze market conditions, supplier capabilities, and product specifications to make informed purchasing decisions.
- Vendor Management:
- Develop and maintain strong relationships with existing and potential suppliers.
- Negotiate contracts, terms, and conditions to secure favourable agreements.
- Evaluate supplier performance and conduct regular vendor assessments.
- Cost Optimization:
- Implement cost-saving strategies and initiatives to maximize efficiency.
- Identify opportunities for process improvements and implement best practices in procurement.
- Risk Management:
- Assess and mitigate risks associated with the supply chain, such as supplier disruptions and market fluctuations.
- Develop contingency plans to ensure a continuous and reliable supply of goods and services.
- Collaboration:
- Work closely with cross-functional teams, including finance, logistics, and quality assurance, to align procurement strategies with overall business objectives.
- Collaborate with internal stakeholders to understand their requirements and provide effective procurement solutions.
- Compliance:
- Ensure compliance with relevant regulations, industry standards, and company policies.
- Stay informed about changes in legislation and industry practices that may impact procurement activities.
- Contract Management:
- Draft, review, and negotiate contracts with suppliers, including terms and conditions, delivery schedules, and pricing structures.
- Monitor contract performance and address any deviations or issues.
- Technology Utilization:
- Leverage procurement technology and tools to streamline processes and enhance data-driven decision-making.
- Stay updated on advancements in procurement technology and recommend system improvements as needed.
Requirements
- Bachelor's degree in business, supply chain management, or a related field. Master's degree or relevant certifications (e.g., CSCP, CPSM) is a plus.
- Proven experience as a buyer or procurement professional in metal commodities or non-metals, with a track record of successful negotiations and cost savings.
Skills
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal abilities.
- In-depth knowledge of procurement principles, practices, and market trends.
- Familiarity with procurement software and tools.
- Ability to work independently and collaboratively in a fast-paced environment.
- Strong negotiation and contract management skills.
Benefits
- International development platform.
- Dynamic and efficient team.
- All-round personal improvement.
- Personalized humanistic care.
- Diversified working atmosphere.
- Modern office setting.
- Competitive compensation package.