Job Description

Description

The Buyer II purchases complex, high-value materials, equipment, and supplies while managing purchasing activities such as pricing, order tracking, and delivery status to ensure compliance with internal policies and procedures. This role will proactively address issues and take appropriate action to ensure the on-time delivery of materials. Additionally, the Buyer II negotiates with key suppliers to secure competitive pricing, optimize service levels, and identify process improvements that ensure continuity of supply. To further mitigate risk and strengthen sourcing strategies, the Buyer reviews bids and proposals, analyzes market trends, and identifies potential alternative sources of supply. This person in this role will monitor supplier performance through key metrics, including quality, on-time delivery, and lead times, and will partner with suppliers to drive continuous improvement. This role is expected to be on site 4x/week at our Lexington, MA office.

Experience

• Bachelor's degree in Business, Supply Chain, or a related discipline is required
• A minimum of 2 years of procurement experience in complicated Supply Chain structures
• Experience with Quality and ERP systems
• Experience using MS applications (Word, Excel, Access, Outlook, PowerPoint, and Project)
• Previous experience working in the pharmaceutical or medical products industry

Responsibilities

• Create purchase orders and execute requisitions based on MRP signals and business requirements
• Maintain accurate purchase order and release schedules to support uninterrupted supply
• Ensure timely and cost-effective procurement and delivery of materials
• Oversee and manage min-max inventory requirements for cGMP raw materials
• Analyze material usage and inventory data to assess potential impacts on supply and production
• Manage purchasing and usage unit of measure conversions (Buy vs. Use)
• Review monthly scrap reports and adjust raw material requirements accordingly
• Collaborate closely with the Planning department to provide forecasts and communicate material requirements to suppliers
• Maintain a thorough understanding of production schedules and material demand
• Develop and manage strategic relationships with suppliers to support business objectives
• Regularly review purchase order reports and proactively address changes that could impact production schedules
• Review supplier open-order reports and lead weekly or bi-weekly supplier meetings to ensure alignment of priorities and deliveries
• Provide critical supply information and risk assessments to internal stakeholders during supply disruptions
• Partner with Logistics and suppliers to resolve purchase order and shipment-related issues
• Support the annual standard cost review process
• Manage raw material failure investigations, including blocked inventory and Supplier Corrective Action Request (SCAR) processes
• Support supplier and part number onboarding activities by providing information required for new supplier and material setup
• Negotiate pricing, lead times, and service levels with suppliers
• Establish purchasing units of measure and pricing for new part number creation
• Monitor and control freight and supplier expedite costs while partnering with suppliers to ensure the consistent use of Wave-preferred carriers
• Partner with Finance to resolve purchase price variances, pricing discrepancies, and goods receipt issues
• Support Supplier Relationship Management (SRM) initiatives, including KPI development, performance monitoring, and continuous improvement efforts
• Initiate and manage quality system activities in support of cGMP requirements
• Represent Procurement in Supplier Change Notification meetings and assess potential supply chain impacts

Key Skills

• An understanding of supplier management, inventory management, supply chain, and procurement
• Familiarity with a cGMP environment
• Effective communication skills
• Ability to work independently
• A collaborator with a tremendous positive and professional attitude who is willing and eager to learn
• Excellent organizational and time management skills
• Ability to build partnerships across the organization and with suppliers
• Strong analytical and critical thinking skills with robust diligence
• Willingness and the ability to learn new technical skills and information quickly
• Ability to manage and multi-task in a challenging environment
• Planning experience is preferred

Pay Range External Disclosure Statement

The annual base salary range for this position is $85,000 - $116,000.

The range provided is based on what we believe is a reasonable estimate for the annual base salary pay range for this position at the time of posting. Actual annual base salary will vary based on several factors including, but not limited to, relevant skills, experience, qualifications, position criticality, and internal equity. This position is eligible for a discretionary annual bonus and discretionary stock-based long-term incentives. In addition to compensation, Wave offers a comprehensive and competitive range of benefits designed to support our employees' and their families physical and financial health and overall well-being. These include, but are not limited to, company-sponsored medical, dental, vision, life, long and short-term disability insurances, generous paid time off (including a week-long company shutdown in the Summer and the Winter), 401K participation with matching contributions, and Employee Stock Purchase Program.