Buyer III

ITT Inc.-English

$95K — $142K *
Manufacturing & Automotive
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Business, Operations, Supply Management, or Engineering preferred, or equivalent experience.
  • 7+ years in Procurement, Administrative, or Supply Chain Management; backgrounds in Manufacturing Operations or Start-Up environments considered.
  • Proficient in commodity markets and RFI/RFQ benchmarking; knowledgeable in strategic analysis tools like scorecards and paretos.
  • Strong Excel skills, including VLOOKUPs and complex pivot tables.
  • Ability to read and understand technical documents and engineering drawings.
  • Strong negotiation and communication skills, with excellent analytical and process development abilities.
  • Demonstrated persuasive argumentation skills across the organization; bilingual preferred.

Responsibilities

  • Create and implement strategic sourcing strategies for a variety of commodities.
  • Conduct spend analysis and supplier assessments for informed decision-making.
  • Evaluate vendor quotes and prepare business award recommendations for stakeholders.
  • Negotiate pricing, lead times, and terms for assigned commodities.
  • Identify opportunities to reduce costs and inventory through strategic supplier agreements.
  • Manage suppliers' cost models, including price discounts and commodity forecasting.
  • Collaborate with Quality to monitor vendor performance metrics and provide feedback.

Benefits

  • Professional development opportunities.
  • Potential for international travel to supplier sites.
  • Collaborative work environment with cross-functional teams.
  • Support in negotiating favorable agreements with suppliers.
Full Job Description
Position Summary

The Sr. Buyer will use their procurement skills to source, qualify, and develop new and existing suppliers across assigned commodities. They are expected to be proficient in learning and navigating ERPs, managing supplier relationships with a focus on on-time delivery, quality, and cost performance, and a customer service attitude to support production and sales.

Essential Responsibilities

  • Create, implement, and maintain strategic sourcing strategies and tactical purchasing for assigned commodity portfolio ranging across mechanical commodities, electronics, composites, or indirect material/services.
  • Conduct spend analysis, supplier assessment, and supplier selection using landed cost modeling.
  • Evaluate vendor quotes and prepare structured business award recommendations to internal stakeholders
  • Purchase and negotiate price, lead time, and net terms for assigned commodities
  • Identify and execute areas of opportunity to reduce costs and inventory by negotiating favorable business/service agreements with suppliers (consignment/VMI), value engineering, or purchase price variance.
  • Negotiate and manage cost models for suppliers (price, volume discounts, commodity cost forecasts and cost drivers, etc.)
  • Collaborate with Quality to capture appropriate performance measurements (Quality, Cost and Delivery) of supply base and provide timely feedback to assigned suppliers.
  • Continuously improve vendor and commodity knowledge by visiting current and prospective suppliers
  • Work with Accounts Payable and vendors to ensure on-time payments.


Position Requirements

  • Bachelor's Degree (Business, Operations, Supply Management or Engineering) preferred or equivalent experience.
  • 7+ years of experience in Procurement, Administrative, or Supply Chain Management preferred, with alternate backgrounds in Manufacturing Operations or Start-Up environment considered.
  • Proficient level of expertise of areas such as commodity markets and RFI/RFQ benchmarking, and familiarity with strategic analysis tools such as scorecards, paretos, and five forces analysis.
  • Very strong Excel skills and be able to perform V lookups and create complex pivot tables, charts, and graphs at a minimum
  • Must have an ability to read and understand technical documents and engineering drawings.
  • Strong negotiation, oral and written communication skills, excellent analytical, planning, and process development skills, strong business judgement, and high level of initiative are all required
  • Demonstrated ability to articulate logical and persuasive arguments across the organization is required
  • Bilingual Preferred


#LI-RL1

#CCT

This position requires use of information which is subject to the International Traffic in Arms Regulations (ITAR). All applicants must be U.S. persons within the meaning of ITAR. ITAR defines a U.S. person as a U.S. Citizen, U.S. Permanent Resident (i.e. 'Green Card Holder'), Political Asylee, or Refugee.

Equal Pay Act Range

95,800 - 142,800.00

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