Instrumentation Laboratory Company

Senior Buyer

Manufacturing & Automotive
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree (BS/BA) with 10+ years of relevant experience or equivalent.
  • Strong knowledge of traditional planning and continuous replenishment systems like Kanban and vendor managed inventory.
  • Understanding of legal aspects of purchasing.

Responsibilities

  • Complies with SOPs for purchasing processes including issuing and modifying purchase orders.
  • Ensures material requirements are met through Purchase Orders and Supplier Agreements with approved vendors.
  • Reviews system outputs to create or adjust purchase orders as necessary.
  • Handles order placement and adjustments, maintaining accurate company and quality records.
  • Communicates with suppliers regarding pricing, quality, and delivery issues to prevent supply chain disruptions.
  • Documents supplier non-conformance issues and reports to management to safeguard financial performance.
  • Collaborates with Accounts Payable and Inventory Control to resolve payment errors and delays.

Benefits

  • Medical, dental, and vision insurance coverage.
  • 401k retirement plan with employer matching contributions.
  • Paid vacation and sick leave.
  • Participation in a commission plan for sales roles.
  • Performance-based bonus eligibility for management and select professional roles.
Full Job Description
Overview

Position Summary:

Purchases supplies and materials at the optimum terms to meet Company goals, following all relevant SOP's. Utilizing the output of Company's ERP system, interprets demand and insures appropriate order coverage for all material under their responsibility. Identifies new and alternative sources of supply. Prepares RFQs and performs supplier surveillance. Manages sources of supply through regular contact which may include teleconference, site visits and/or periodic formal reviews. Maintains systems to ensure accurate data related to Purchasing. Assist management with all other supply issues as required.

Responsibilities

Key Accountabilities
  • Works in conformance to relevant SOP's governing purchase order issue, modification, receipt and returns to vendor.
  • Ensures that all material requirements for assigned items are covered with Purchase Orders, Contracts or Supply Agreements with approved suppliers.
  • Periodically reviews relevant systems output to issue new purchase orders or revise existing orders for assigned items.
  • Performs all activities relating to the placing and revision of orders and maintains system, Company and quality records therein related.
  • Communicates with suppliers on all issues regarding price, quality or delivery requirements on a timely basis to minimize interruption in the supply chain.
  • Ensures all issues of supplier non-conformance are documented appropriately and that department management is made aware of any supplier related issue that could interrupt the supply chain or adversely affect Company financial performance.
  • Acts as principal interface with Accounts Payable and Inventory Control to resolve errors and delays in paying invoices.

Internal Networking/Key Relationships:
  • To be determined based on department needs


Qualifications

Minimum Knowledge & Experience Required for the Position:
  • BS/BA degree, with minimum ten years of related experience or equivalent.
  • Thorough understanding of traditional planning systems as well as continuous replenishment systems such as Kanban, consignment inventory and vendor managed inventory.
  • Demonstrated knowledge of concepts related to legal aspects of purchasing.

International Mobility: Required:
  • No

Travel Requirements:
  • No


The annual base salary range for this role is currently $100,000 to $125,000. Individual employee compensation will ultimately depend on factors including education, relevant experience, skillset, knowledge, and particular business needs.

This role is eligible for medical, dental, and vision insurance, 401k plan retirement benefits with an employer match, as well as paid vacation and sick leave. Our sales roles are eligible for participation in a commission plan and our management, and select professional roles, are eligible for a performance-based bonus.

About Instrumentation Laboratory Company

Instrumentation Laboratory Company (IL) is a global leader in the development, manufacturing and distribution of diagnostic solutions for Acute Care Diagnostics, with a focus on Critical Care and Hemostasis testing. Our success comes from a specific focus in these rapidly evolving diagnostic areas, our commitment to customers, and our dedication to innovation and quality. IL develops, manufactures and distributes diagnostic solutions including: critical care systems, hemostasis systems and information management systems. IL's products are used in hospitals around the world, including large hospital systems, independent hospitals and clinics, and reference laboratories. IL is headquartered in Bedford, Massachusetts, and has operations in Europe, the Middle East, Africa, Asia-Pacific, and Latin America.
Learn more about Instrumentation Laboratory Company
Size
1,000 employees
Industry
Net Income
$50 million
5 Year Trend
+5%
Revenue
$500 million

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