Novanta

Buyer III

Novanta$81K — $121K *
Business Services
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in purchasing or procurement roles
  • Proficient in Microsoft Excel and procurement software tools
  • Excellent communication and interpersonal skills
  • Strong negotiation skills with suppliers
  • Detail-oriented with the ability to manage multiple projects
  • In-depth knowledge of supply chain and strategic procurement
  • Ability to synthesize data into strategic insights

Responsibilities

  • Procure goods and services timely and cost-effectively
  • Develop and maintain strong supplier relationships
  • Negotiate contracts to ensure timely delivery and quality
  • Implement cost-saving strategies and initiatives
  • Maintain planning parameters in procurement software for lean inventory
  • Mentor less experienced buyers to enhance their skills
  • Drive continuous cost-reduction improvements with suppliers

Benefits

  • Comprehensive medical and financial benefits
  • Full support for various life needs
  • Performance-based incentive opportunities
  • Long-term incentives available for certain roles
Full Job Description
Job Description

As a Senior Buyer, you'll procure goods and services cost-effectively and timely. You'll develop relationships, negotiate contracts, and work closely with suppliers to maintain inventory levels. You'll maintain a lean inventory, implement cost-saving strategies, and ensure planning data integrity. Managing key supplier relationships to ensure on-time delivery of goods and services
Leading initiatives to reduce expenses, and developing annual plans for continuous cost reduction improvements with suppliers
Developing, maintaining and strengthening supplier relationships through effective contract negotiation, ensuring timely delivery and quality.
Ensuring that planning parameters within the procurement software system support lean inventory requirements
Mentoring less experienced buyers to ensure they are meeting performance expectations and developing their skills Compliance Rate
OTD Improvement
Cost Savings
Supplier performance Knowledge - Possess in-depth knowledge of purchasing, procurement, supplier management supply chain management and strategic procurement implementation.
Skill - Be able to demonstrate effective negotiation skills and experience collaborating with suppliers.
Skill - Be proficient in Microsoft Excel and procurement software tools
Skill - Have excellent communication and interpersonal skills to build relationships with vendors and internal stakeholders.
Skill - Be detail-oriented and able to manage multiple projects and adapt to changing business needs and priorities.

Critical Thinking: Synthesizes data into crisp and sound strategic insights and conclusions. Strategic Thinking: Takes a global and long-term perspective when making business decisions. Learning Agility: Able to navigate ambiguity and complexity in order to adapt quickly. Intellectual Curiosity: Possesses a desire to learn new things and seeks out knowledge.

Building Effective Teams - Blends people into teams when needed; creates strong morale and spirit in his/her team; shares wins and successes; fosters open dialogue; lets people finish and be responsible for their work; defines success in terms of the whole team; creates a feeling of belonging in the team.

Process Management - Good at figuring out the processes necessary to get things done; knows how to organize people and activities; understands how to separate and combine tasks into efficient work flow; knows what to measure and how to measure it; can see opportunities for synergy and integration where others can't; can simplify complex processes; gets more out of fewer resources.

Negotiating - Can negotiate skillfully in tough situations with both internal and external groups; can settle differences with minimum noise; can win concessions without damaging relationships; can be both direct and forceful as well as diplomatic; gains trust quickly of other parties to the negotiations; has a good sense of timing.

Drives and Delivers Impact - Delivers Results: Does what it takes in order to consistently meet expectations. Action-Oriented: Approaches work with a sense of urgency and drive. Prioritize: Identifies the vital few and focuses resources and energy on the most impactful tasks.

Executional Rigor: Uses metrics to measure progress and inform decision-making.

Compensation
  • The salary for this role will range from 81,510.00 - 121,800.00 USD annual based on full-time employment. Salary offers are based on a wide range of factors including but not limited to location, relevant skills, training, experience, education, etc.
  • Certain roles may be eligible for performance-based incentive compensation and/or long-term incentives. Incentives could be discretionary or non-discretionary depending on the plan.
  • Novanta supports all aspects of your life's needs. This position provides a full range of medical, financial, and other benefits to make your quality of life better.

About Novanta

Novanta Inc. is a leading global supplier of precision photonic and motion control components and subsystems. The company was founded in 1968 and is headquartered in Bedford, Massachusetts. Novanta's products are used in a variety of applications, including medical and life sciences, industrial automation, and aerospace and defense. The company operates in North America, Europe, and Asia, and is committed to providing innovative solutions that enable its customers to improve their productivity and performance. Novanta is publicly traded on the NASDAQ stock exchange under the ticker symbol NOVT.
Learn more about Novanta
Size
2,700 employees
Market Cap
$4.9 billion
Industry
Net Income
$44.5 million
5 Year Trend
+12.9%
Revenue
$590.6 million
NASDAQ

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