Senior Buyer
2 weeks ago
One of our manufacturing clients is looking for a Senior Buyer for their plant in Newmarket , ON.
Responsibilities- Identify, evaluate, and onboard suppliers capable of meeting quality, cost, and delivery requirements. Develop and execute strategic sourcing strategies to mitigate risks and enhance competitiveness.
- Cultivate strong relationships with suppliers, fostering collaboration and continuous improvement. Monitor supplier performance, resolve issues, and implement corrective actions when necessary.
- Lead negotiations with suppliers to secure favorable terms and conditions, including pricing, payment terms, and contract terms. Drive cost-saving initiatives without compromising quality or service levels.
- Work closely with cross-functional teams to optimize the supply chain, streamline processes, and reduce lead times. Identify opportunities for efficiency improvements and implement best practices.
- Draft, review, and manage contracts with suppliers, ensuring compliance with legal and regulatory requirements. Monitor contract performance and enforce terms as needed.
- Stay abreast of market trends, supplier capabilities, and industry developments. Conduct market research and analysis to identify potential risks and opportunities.
- Develop and maintain cost models to accurately forecast expenses and monitor spending. Implement cost reduction initiatives while maintaining product quality and integrity.
- Identify and mitigate risks within the supply chain, including geopolitical, economic, and operational risks. Develop contingency plans to minimize disruptions.
- Ensure compliance with company policies, industry standards, and regulatory requirements related to procurement and sourcing activities.
- Provide guidance and mentorship to junior members of the procurement team. Foster a culture of excellence, collaboration, and continuous improvement.
- Bachelor's degree in Business Administration, Supply Chain Management, or related field. Master's degree preferred.
- Minimum of 5 years of experience in procurement or supply chain management, preferably in the automotive industry.
- Strong negotiation skills with a proven track record of cost savings and value creation.
- Deep understanding of automotive supply chain dynamics, including familiarity with OEM and Tier 1 supplier relationships.
- Excellent analytical and problem-solving abilities, with a keen attention to detail.
- Proficiency in contract negotiation, management, and administration.
- Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities effectively.
- Strong communication and interpersonal skills, with the ability to build relationships and influence stakeholders at all levels.
- Proficiency in procurement software and tools, such as SAP, Oracle, or similar systems.
- Certification in procurement or supply chain management (e.g., CSCP, CPSM) is a plus.
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