Job Description
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:
- Procurement Strategy - 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 certain that purchasing documents are completed properly and the terms and conditions of purchase are appropriate.
- Responsible for the procurement of a select number of product lines.
- Team Leadership:
- 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.
- Other duties as assigned.
Requirements EDUCATION AND TRAINING
- Bachelor's degree in supply chain, 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 supply chain, purchasing, distribution or related field.
- Education 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.
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.
- Research shows employee owned companies are superior in performance, employee benefits and employee morale because everyone is working towards a common goal.
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