Procurement Manager for Power Tools
1 week ago
We are a Canadian company with a strong presence in the market since 1993. Our business revolves around providing top-notch Power Tools, Power Tools Accessories, Hand Tools, and other related products to our clients.
A Competitive SalaryThe estimated annual salary for this position is between $85,000 and $110,000, depending on experience and qualifications.
Job DescriptionWe are seeking a highly skilled Senior Buyer who will play a vital role in sourcing, negotiating, and procuring materials, products, and services essential to our operations. The ideal candidate will have a strong background in purchasing within the power tools or related industry, along with exceptional negotiation skills and a strategic mindset.
Responsibilities:- Identify, evaluate, and select suppliers based on quality, price, reliability, and service to ensure the continuous supply of materials and components necessary for manufacturing our products.
- Anticipate seasonal changes and develop promotional item lists and marketing strategies.
- Develop and maintain strong relationships with key suppliers, negotiating contracts and terms to optimize cost savings, quality, and delivery schedules.
- Set appropriate purchase order cycles to balance inventory levels and warehouse operations.
- Analyze pricing trends, market dynamics, and supplier performance to identify cost-saving opportunities and mitigate risks to the supply chain.
- Collaborate with internal stakeholders to forecast demand, manage inventory levels, and ensure adequate stock levels while minimizing excess and obsolete inventory.
- Work closely with suppliers to ensure adherence to quality standards, conducting audits and inspections as necessary to uphold product quality and reliability.
- Drive continuous improvement initiatives within the procurement function, implementing best practices and process efficiencies to optimize procurement operations.
- Collaborate with internal teams, including manufacturing, engineering, and sales, to align procurement activities with organizational goals and objectives.
- Ensure compliance with regulatory requirements, industry standards, and company policies throughout the procurement process.
- Bachelor's degree in business administration, Supply Chain Management, or related field. Advanced degree or professional certifications preferred.
- Minimum of 5 years of experience in procurement, sourcing, or supply chain management, preferably in the power tools or related industry.
- Proven track record of successfully negotiating contracts, achieving cost savings, and managing supplier relationships.
- Strong analytical skills with the ability to interpret data, perform cost analysis, and make data-driven decisions.
- Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments and influence key stakeholders.
- Proficiency in procurement software and tools, such as ERP systems, e-procurement platforms, and MS Office Suite.
Our comprehensive benefits package includes extended health, dental, long-term disability, and term life insurance. As a full-time employee, you can expect a stable work environment and opportunities for growth and development within our organization.
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