IDEX Corp

Procurement Manager

IDEX Corp$109K — $164K *
Manufacturing & Automotive
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Supply Chain, Business, Engineering, or related field
  • 3-6 years of procurement/sourcing management experience in a manufacturing environment
  • Experience in engineering or metal forming industries preferred
  • Prior experience leading or supervising a small team of procurement professionals (3-5 employees)
  • Experience managing both direct materials and indirect spend categories

Responsibilities

  • Develop and execute procurement strategies for direct materials and indirect spend
  • Ensure material availability while optimizing inventory levels and cash flow
  • Lead sourcing activities including RFQs, bid analysis, supplier selection, and contract negotiations
  • Drive cost reduction initiatives through value analysis and supplier consolidation
  • Build and maintain relationships with key suppliers while monitoring their performance
  • Apply 80/20 principles to prioritize high-value materials
  • Lead, coach, and develop a team of procurement professionals

Benefits

  • Health benefits
  • 401(k) retirement savings program with company match
  • Paid time off (PTO)
  • Comprehensive benefits package
Full Job Description
SUMMARY OF JOB RESPONSIBILITIES:

The Procurement Manager is responsible for leading purchasing and supplier management activities as well as providing input on sourcing management. This role manages a team of professional procurement employees and oversees procurement of direct materials (80/20 focus) as well as indirect goods and services.

The role drives cost efficiency, supplier performance, and supply continuity while aligning procurement strategies with operational and business objectives. The Procurement Manager applies data-driven decision-making, including 80/20 analysis, to prioritize high-impact categories, optimize supplier base, and improve working capital.

REPORTING TO: Director of Supply Chain & Compliance

DUTIES AND RESPONSIBILITIES:

  • Procurement Strategy & Execution
    • Develop and execute procurement strategies fordirect materials (80/20 categories)andindirect spend.
    • Ensure material availability to support production schedules while optimizing inventory levels and cash flow.
    • Lead sourcing activities including RFQs, bid analysis, supplier selection, and contract negotiations.
    • Drive cost reduction initiatives through value analysis, supplier consolidation, and strategic sourcing.
  • Supplier Management & Performance
    • Build and maintain strong relationships with key suppliers.
    • Monitor supplier performance acrosscost, quality, delivery, and service (CQD)metrics.
    • Lead supplier business reviews and corrective action plans where needed.
    • Identify and mitigate supply chain risks (capacity, geopolitical, single-source dependencies).
  • Direct (80/20) & Indirect Spend Management
    • Apply80/20 principlesto prioritize high-value materials (e.g., metals, engineered components).
    • Manage procurement of indirect goods and services (e.g., logistics, professional services).
    • Ensure compliance with company policies and cost controls across indirect categories.
  • Team Leadership & Development
    • Lead, coach, and develop a team of procurement professionals.
    • Set clear performance expectations and accountability standards.
    • Drive continuous improvement mindset and skill development within the team.
  • Cross-Functional Collaboration
    • Partner with Engineering, Operations, Finance, and Quality teams to align procurement with business needs.
    • Support new product development (NPD) through early supplier involvement and cost modeling.
    • Collaborate on cost savings, value engineering, and process improvement initiatives.
  • Operational Excellence
    • Maintain accurate procurement data and reporting in ERP systems.
    • Track KPIs including cost savings, supplier performance, inventory turns, and on-time delivery.
    • Ensure compliance with safety, ethical sourcing, and regulatory requirements.
  • Performs other related duties as assigned.

KNOWLEDGE, SKILLS, AND ABILITIES:

The requirements listed below are representative of the knowledge, skills, and abilities required to perform this job successfully.

  • Technical & Functional
    • Strong understanding ofstrategic sourcing and procurement processes
    • Experience withmetal commodities, engineered components, or industrial supply chains
    • Knowledge ofERP systems(i.e., JDE experience preferred)
    • Strong analytical skills with ability to apply80/20 and data-driven decision making
    • Financial acumen (cost analysis, total cost of ownership)
  • Leadership & Behavioral
    • Ability to lead and develop a small, high-performing team
    • Strong negotiation and supplier management skills
    • Excellent communication and stakeholder management ability
    • Problem-solving mindset with focus on continuous improvement
    • Ability to manage multiple priorities in a fast-paced manufacturing environment

EDUCATION AND EXPERIENCE:

  • Bachelor27s degree in Supply Chain, Business, Engineering, or related field
  • 3 6 years of procurement/sourcing management experiencein a manufacturing environment
  • Experience inengineering or metal forming industries strongly preferred
  • Prior experienceleading or supervising a small team of procurement professionals (3 5 employees)
  • Experience managing bothdirect materials and indirect spend categories

Are you ready to join a different kind of company where our people, our culture, and our commitments are centered around providing trusted solutions that improve lives around the world?

Total Rewards

The compensation range for this position is $109,800.00 - $164,600.00, depending on experience. This position may be eligible for performance based bonus plan.

Benefits Package

Our comprehensive U.S. benefit offerings include: Health benefits, 401(k) retirement savings program with company match, PTO, and more. More information on our benefits and rewards can be found on our career page:

This posting is for an existing vacancy.

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Artificial intelligence is not used to screen, assess or select applicants.

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About IDEX Corp

IDEX Corporation is a manufacturer of engineered products for fluidics, optics, and precision dispensing applications. The company's products are used in a variety of industries, including life sciences, industrial, and semiconductor. IDEX operates in three business segments: Fluid & Metering Technologies, Health & Science Technologies, and Fire & Safety/Diversified Products. The company was founded in 1987 and is headquartered in San Jose, California.
Learn more about IDEX Corp
Size
7,536 employees
Market Cap
$17.3 billion
Industry
Net Income
$377.7 million
Founded
1996
5 Year Trend
+5.5%
Revenue
$2.3 billion
NASDAQ

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