Procurement Manager

About the role

iNRCORE Group is a leading, vertically integrated provider of highly engineered, high-reliability, and high-performance passive electronic components. We are known for manufacturing proprietary magnetics, capacitors, resistors, filters, and more. We serve mission-critical data and power applications in the Defense, Aerospace & Avionics, Space, Smart Grid, Medical, AI/Data center, and Hi-Rel industrial markets.

The Procurement Manager position is critical to the success of iNRCORE Group and will be responsible for leading the organization's procurement strategy, driving cost-effective purchasing, supplier relationship management, contract negotiations, and compliance with company policies and regulations. This role reports directly to the Director of Procurement.

Responsibilities

The Procurement Manager oversees the process of buying materials for the company. They optimize costs, negotiate favorable terms with suppliers, and ensure financial efficiency. They are responsible for mitigating risk while optimizing budget, alongside maintaining high quality standards and a competitive edge.

• Developing sound, cost-effective strategies for the purchasing of materials used in the business
• Maintaining relationships with suppliers while continually scouting for additional vendors
• Evaluating spending operations while seeking ways to improve and enhance the quality of products purchased and the timeliness of deliveries
• 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
• Supervising a purchasing team and delegating tasks across departments when necessary
• Working closely with the company legal department to make sure contracts and terms are favorable
• Other duties as assigned

Qualifications

• Five or more years job-related experience
• Bachelor's degree (or equivalent) in procurement management, supply chain management, or other business-related field
• Outstanding management skills
• Knowledge of sourcing and procurement techniques as well as a dexterity in reading the market
• Superior talent in negotiations and networking
• Good knowledge of supplier or third-party management software
• Aptitude in decision-making and working with numbers
• Experience in collecting and analyzing data
• Strong organization skills
• Excellent written and verbal communication skills
• Strong working knowledge of industry regulations and legal guidelines

Benefits

iNRCORE and its affiliated entities are an equal opportunity employer with a full suite of benefits offered to full-time employees.

Pay

Excellent earning potential with qualifying annual bonus.