Purchasing Manager

About the role

The Purchasing Manager is responsible for supervising and leading a team of purchasing associates, ensuring cost-effective purchases and the efficient use of company resources, and optimizing inventory levels to meet customer demand and maximize profitability of the organization.

Responsibilities

• Develop the future direction of the purchasing department to optimize the purchasing process, adopt new technology to enhance purchasing efficiencies and enhance the overall outcome of purchasing for Hydraquip.
• Own and enforce company policies and procedures pertaining to the purchase of inventory and non-inventory material and other relevant procurement activities.
• Establish and maintain standards for the upkeep of accurate current and historical records and system data pertaining to supplier pricing, discounting, and other relevant procurement information.
• Develop and report on key performance indicators (KPIs) and measurements related to inventory management and supplier performance.
• Manage purchase requisitions from the sales staff to ensure alignment with company policies, goals, and budgetary constraints.
• Make sure that purchasing documents are completed properly and the terms and conditions of purchase are appropriate.
• Procure a select number of product lines.
• Oversee and manage the daily activities of the purchasing team, set clear expectations, provide guidance, and ensure that team members understand their roles and responsibilities.
• Participate in the recruitment and hiring process for the purchasing team, selecting qualified candidates. Develop and implement training programs to enhance the skills and knowledge of team members.
• Conduct regular performance evaluations and provide feedback to team members. Establish key performance indicators (KPIs) and track team performance against set targets.
• Support and participate in the organization’s continual improvement program and conform to ISO 9001:2015 requirements by complying with the Quality Policy and procedures and meeting Quality Management System objectives.

Requirements

• Bachelor's degree in industrial distribution, technical field, business administration, management, or a related field preferred.
• Completed certificate in Effective Inventory Management or similar course is preferred.
• Experience as described below may be accepted in lieu of education. Experience: Three (3) to five (5) years of experience in purchasing, distribution or related field.
• Educational as described above may be accepted in lieu of experience.
• Experience working in an ISO 9001 environment is considered a plus.

Knowledge and Skills

• Proven experience in procurement and supply chain management.
• Strong negotiation and communication skills.
• Knowledge of procurement software and tools.
• Familiarity with relevant laws and regulations.
• Strong analytical and quantitative skills, with the ability to collect, organize, analyze, and interpret data to make informed decisions.
• Leadership and team management skills.
• Able to communicate effectively before groups of customers, vendors, and groups of customers and employees of organization.
• Proficient in performing numerical calculations involving discounts, interest rates, fractions, and percentages.
• Knowledgeable in Microsoft Office Suite (Word, Excel, Outlook).

Benefits

We offer a competitive salary and benefits package, including medical, dental, vision, life and disability insurance, and 401(k) plans with company match. A unique benefit Hydraquip offers as part of Employee Owned Holdings, Inc. is an employee stock ownership plan (ESOP). What is an ESOP? ESOP is a special retirement program that allows employees to own stock in the company. When you join EOHI, you automatically begin investing in your future (without having to purchase shares). We are a high growth company committed to training our employee owners to develop their skills and advance in their careers. Studies also show that retirement account balances for ESOP companies are 2.5 times higher. ESOP companies grow 2.5 times faster than those companies without employee ownership.