Procurement Manager for Summit Tools
3 weeks ago
At Summit Tools, we are seeking a highly skilled Procurement Manager to join our team. As a key member of our supply chain department, you will play a critical role in ensuring the smooth operation of our procurement process.
About UsWe have four store locations, a distribution center, and head office. Our stores offer a wide selection of national brands with the latest products on the market. We proudly serve a diverse range of clients from contractors, tradespeople, and industrial users.
We are expanding and looking for candidates who are eager to grow and develop within our field. Our comprehensive benefit package includes extended health, dental, long-term disability, and term life insurance. All staff members work full-time, creating a stable work environment.
We are offering opportunities for advancement through multiple channels – contractor/trade sales, distribution, and head office.
The RoleThe Procurement Manager will be responsible for identifying, evaluating, and selecting suppliers based on quality, price, reliability, and service. They will anticipate seasonal changes and develop promotional item lists and marketing strategies.
Key responsibilities include negotiating contracts and terms to optimize cost savings, quality, and delivery schedules. The successful candidate will also set appropriate purchase order cycles to balance inventory levels and warehouse operations.
Additionally, they will analyze pricing trends, market dynamics, and supplier performance to identify cost-saving opportunities and mitigate risks to the supply chain.
Collaboration with internal stakeholders is essential to forecast demand, manage inventory levels, and ensure adequate stock while minimizing excess and obsolete inventory.
The Procurement Manager will work closely with suppliers to ensure adherence to quality standards, conducting audits and inspections as necessary to uphold product quality and reliability.
They will drive continuous improvement initiatives within the procurement function, implementing best practices and process efficiencies to optimize procurement operations.
Lastly, the successful candidate will ensure compliance with regulatory requirements, industry standards, and company policies throughout the procurement process.
RequirementsA bachelor's degree in business administration, supply chain management, or a related field is required. A minimum of five years of experience in procurement, sourcing, or supply chain management is preferred, preferably in the power tools or related industry.
Proven track record of successfully negotiating contracts, achieving cost savings, and managing supplier relationships is essential. Strong analytical skills with the ability to interpret data, perform cost analysis, and make data-driven decisions are also required.
Proficiency in procurement software and tools, such as ERP systems, e-procurement platforms, and MS Office Suite, is a must.
We estimate the salary for this role to be around $80,000 - $110,000 per year, depending on experience and qualifications.
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