Procurement Specialist

About the role

Reporting to the Materials Director, the Procurement Specialist is responsible for the strategic management of the purchasing and supply chain function. The ideal candidate will exercise analytical skills and attention to detail to ensure optimal inventory levels are maintained. This role involves leveraging data to inform decisions, optimize processes, and build strong supplier relationships while negotiating optimal terms, pricing, and contracts to achieve cost savings and improve performance.

The Procurement Specialist thrives in a fast-paced environment, collaborating with various departments to contribute to strategic initiatives such as cost reduction, process improvement, and ensuring timely delivery of products to customers.

Responsibilities

• Track orders, resolve inquiries, and communicate with suppliers and internal stakeholders to ensure on-time delivery of products; collaborate to expedite delivery where needed.
• Analyze inventory and prepare purchase orders in ERP System (Epicor/P21) to maintain adequate stock levels by researching inventory systems, demand trends, lead times, and past purchase orders.
• Identify slow-moving and unproductive inventory and work with the Sales team to liquidate inventory as needed.
• Perform data analytics to assess accurate min/max inventory settings, re-order point levels, safety stock levels, and forecast accuracy.
• Participate in the monthly SIOP process and provide insights into customer/supplier trends.
• Leverage Power BI to report on various performance metrics and KPIs.
• Create and maintain updated data in the company ERP system, including current costs, pending purchase orders, and delivery dates.
• Partner with the Quality & Engineering departments and vendors to ensure purchased items meet specific quality standards and resolve any discrepancies.
• Review and reconcile variances between purchase orders and invoices to ensure accuracy while maintaining product availability at or above targeted levels.

Requirements

• Associate’s or Bachelor’s degree in a related field of study, or 5+ years of hands-on procurement experience.
• 3+ years of experience working in procurement.
• Proficient with ERP Systems (Epicor/P21) and data analytics tools (Power BI, Web Query).
• Proficient with MS Excel, MS PPT, and other MS Office Suite tools.
• Ability to travel up to 10%.

Preferred Qualifications

• Experience working in the bearings or power mechanical transmission (MPT) industry.
• LEAN/Process improvement experience.
• International procurement experience.
• APICS certification.

Benefits

• Market-competitive benefits package, including company-sponsored health coverage, life insurance, and a 401(k) plan with company match.
• Paid parental leave and paid time off.
• Collaborative work environment with passionate and innovative teammates.