D007
Located in Cypress, CA
Job Full Description
for managing the procurement process, developing accurate demand forecasts, and planning inventory levels to ensure the timely and cost-effective acquisition of goods and services. This role involves negotiating contracts, building strong supplier relationships, and optimizing inventory levels to meet the company’s needs. In this role, you will also work closely with various departments to meet their purchasing requirements and support the overall strategic goals of the organization.
KEY RESPONSIBILITES
1. Procurement Management:
o Develop and implement procurement strategies that align with the company’s goals and objectives.
o Manage the entire procurement process from identifying needs, selecting suppliers, and negotiating contracts to placing orders and managing delivery schedules.
o Ensure that all procurement activities comply with company policies, industry standards, and legal requirements.
2. Supplier Relationship Management:
o Establish and maintain strong relationships with key suppliers.
o Evaluate supplier performance based on quality, cost, delivery, and service.
o Conduct regular reviews and assessments of supplier performance and negotiate improvements where necessary.
3. Contract Negotiation:
o Negotiate terms and conditions of contracts with suppliers to ensure the best value for the company.
o Monitor and manage contract compliance and resolve any issues that arise.
4. Cost Management:
o Identify opportunities for cost savings and value improvement.
o Analyze spend data to identify cost-saving opportunities.
5. Forecasting and Demand Planning:
o Develop and maintain accurate demand forecasts for goods and services based on historical data, market trends, and input from various departments.
o Collaborate with sales, marketing, and production teams to gather information and improve forecast accuracy.
o Utilize forecasting tools and software to generate and update forecasts regularly.
6. Inventory Management:
o Monitor inventory levels and ensure optimal stock levels are maintained to meet demand without overstocking.
o Create new and revised inventory items in the system.
o Coordinate with the warehouse and logistics teams to ensure timely delivery of goods.
o Identify and implement strategies to reduce excess inventory and improve inventory turnover.
7. Production Planning:
o Develop production plans that align with demand forecasts and inventory policies.
o Coordinate with production and operations teams to ensure production schedules meet customer demands and minimize lead times.
o Adjust production plans as necessary to respond to changes in demand or supply constraints.
8. Cross-Functional Collaboration:
o Work closely with various departments, such as production, finance, and sales to understand their procurement and planning needs and provide support.
o Participate in project teams to provide procurement and planning expertise and support.
9. Reporting and Documentation:
o Prepare regular reports on procurement activities, planning and forecasting including spend analysis, savings achieved, and vendors’ performance.
o Maintain accurate and up-to-date procurement records and documentation.
Qualifications:
• Bachelor’s degree in supply chain management, Business Administration, or related field.
• Minimum of 5-7 years of experience in procurement, with at least 2 years in a senior or lead buyer role.
• Strong negotiation and contract management skills.
• Excellent analytical and problem-solving abilities.
• Proficiency in procurement and forecasting software as well as Microsoft Office.
• Strong communication and interpersonal skills.
• Ability to work independently and as part of a team.
COMPANY BENEFITS
• Health, dental and vision insurance
• Life and disability insurance
• Retirement savings plan
• Paid time off and holidays
• Opportunities for professional development and career growth
Lakewood-Cerritos, CA
3341
7077 Orangewood Ave
Suite #128
Garden Grove, CA 92841
Apply Now Email Us