Responsibilities:

• Develop and maintain strong relationships with suppliers, actively managing the supplier base.
• Negotiate favorable pricing and terms with suppliers to achieve cost savings and improve profitability.
• Continuously identify alternative sources for materials, components, and services, ensuring a diversified supply chain.
• Conduct thorough market research to stay updated on industry trends, pricing, and supplier capabilities.
• Collaborate with cross-functional teams to identify and prioritize sourcing requirements for new product development projects.
• Manage the bidding process between suppliers, evaluating proposals and selecting the most suitable vendors.
• Work closely with the forecasting team to plan and forecast material requirements based on demand projections.
• Coordinate with suppliers to ensure timely delivery of materials, monitoring and expediting orders as necessary.
• Implement effective inventory management strategies to optimize stock levels and minimize excess or obsolete materials.
• Monitor supplier performance, track key performance indicators (KPIs), and implement improvement initiatives when necessary.
• Stay informed about relevant regulations, certifications, and industry standards related to sourcing and material planning.

Requirements:

• Bachelor's degree in Engineering, Supply Chain Management, Business Administration, or a related field. A master's degree is a plus.
• Proven experience in sourcing and material planning, preferably in a manufacturing or production environment.
• Strong negotiation skills with a track record of achieving cost savings and favorable terms from suppliers.
• Excellent analytical and problem-solving abilities, with the ability to make data-driven decisions.
• Strong understanding of supply chain concepts, inventory management, and production planning.
• Familiarity with ERP systems (SAP and Oracle are preferred) and other supply chain software tools.
• Exceptional communication and interpersonal skills, with the ability to build and maintain relationships with suppliers and internal stakeholders.
• Ability to work independently, manage multiple priorities, and meet deadlines in a fast-paced environment.
• Strong attention to detail and organizational skills.

 

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