Parker Hannifin

Senior Buyer

Parker Hannifin • $80K — $95K *
Manufacturing & Automotive
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business Administration or related field with 2+ years of purchasing experience.
  • Certification in Purchasing Management (CPM) or APICS is desirable.
  • Strong understanding of purchasing principles and negotiation methods.
  • Familiarity with procurement legal and regulatory requirements.
  • Proficient in business application software and purchasing systems (e.g., EDI, MRP).
  • Ability to analyze complex data and make reasoned decisions.
  • Excellent communication skills for presenting information and addressing inquiries.

Responsibilities

  • Identify and recommend suppliers by researching materials and services availability.
  • Conduct evaluations and site visits to assess supplier capabilities and performance.
  • Manage purchase orders, ensuring accuracy in terms, pricing, and schedules.
  • Evaluate bids and negotiate terms for procurement of varied materials.
  • Monitor supplier performance and resolve any contract fulfillment issues.
  • Negotiate damage claims and manage any discrepancies with suppliers.
  • Prepare detailed reports analyzing procurement trends and assist with information requests.

Benefits

  • Comprehensive medical, dental, and vision coverage at competitive rates.
  • 401(k) Plan with matching contributions up to 5% of pay.
  • Defined-contribution retirement plan with 3% annual company contribution.
  • Career development and tuition reimbursement opportunities.
  • Paid parental leave and short/long-term disability benefits.
  • Paid Time Off and 13 company-paid holidays.
Full Job Description
SUMMARY:

Obtains the best quality, service, and value for products and services through effective bidding, negotiation, and supplier management. Identifies manufacturing needs, identifies, and selects suppliers, negotiates contracts, and arranges delivery. Purchases a high volume and variety of parts, equipment, services, and materials.

ESSENTIAL FUNCTIONS:
  • Identifies and recommends suppliers by investigating potential suppliers, researching parts, equipment, machinery, services, and materials availability. Develops potential bidder list and initiates formal requests for quotation or proposal.
  • Conducts supplier site visits and evaluates them as to production capability, performance, delivery, and other key business criteria. May complete supplier certification independently or as part of a technical and/or quality team.
  • Purchases parts, equipment, and materials by preparing request for quotations and submitting purchase orders with approved suppliers. Issues purchase orders and agreements that accurately reflect price, schedule, terms, and conditions as negotiated with suppliers. Maintains accurate lead times for assigned commodities.
  • Evaluates bids for standard and non-standard items. Selects suppliers for a variety of moderately complex or technical materials, supplies or services and negotiates price, delivery, quality, and service. Develops alternate sources of supply by identifying and researching prospective suppliers.
  • Monitors and evaluates supplier performance. Advises appropriate personnel of impending supplier failure to fulfill contractual agreements that may delay production or delivery. Resolves shipment quality discrepancies by mediating supplier/manufacturing issues. Facilitates inspections, substitutions, and standardization by arranging and participating in conferences between suppliers and company personnel.
  • Negotiates and settles damage claims, rejections, losses, return of materials, over-shipments, cancellations, and engineering changes with suppliers.
  • Prepares moderately complex reports by collecting, analyzing, and summarizing information and trends. Provides parts, equipment, and materials information by answering questions and requests.
  • Applies continuous improvement techniques and methods to internal processes and systems to increase efficiency and customer service and to reduce costs.
  • Maintains professional and technical knowledge by attending educational workshops, reviewing trade
  • publications, establishing networks, and/or participating in professional associations.
  • Complies with federal, state, and aerospace industry regulations; ensures adherence to requirements and advises management on needed actions. Complies with Government/Commercial Practices Manual (GPM/CPM) policies and procedures.
  • Shares specialized knowledge with others. Represents company on specific projects. Mentors new employees. Contributes to team effort by accomplishing related results as needed. Work assignments may include cross-functional or project team responsibilities (e.g., continuous improvement).
QUALIFICATIONS:
  • Bachelor's degree (BA) in Business Administration or related field, and experience which has provided both theoretical and practical knowledge in the field. Demonstrated ability to perform the essential functions of the job typically acquired through two or more years of increasingly responsible related purchasing experience. Certificate in Purchasing Management (CPM) or APICS desired.
  • Knowledge of purchasing and negotiating methods, principles, and concepts.
  • Knowledge of industry practices, general business operations, and policies.
  • Knowledge of legal and regulatory requirements related to procurement.
  • General knowledge of and ability to apply continuous improvement techniques to purchasing and related areas.
  • Proficient in standard business application software and specialized purchasing and/or materials systems (e.g., electronic data interface (EDI) or manufacturing resource planning (MRP) systems).
  • Ability to work on a variety of problems of moderate scope and complexity where analysis of the situation or data requires thorough identification of factors and analysis of impact. Ability to work within general work objectives regarding projects and team goals. Ability to read, analyze, and interpret policies and recommend changes to procedures.
  • Ability to effectively communicate and present information to suppliers, team members, team leaders, and top management.
  • Ability to respond to significant inquiries or complaints from customers, regulatory agencies, or members of the business community.
  • Ability to define problems, collect data, establish facts, and draw valid conclusions.
  • Ability to negotiate effectively to obtain best prices and terms on products, materials, and services.
  • Ability to effectively demonstrate team member competencies and participate in goal setting, performance feedback, and self-development activities.
Benefit & Retirement Plans:

Parker offers competitive benefit programs, including:
  • Comprehensive coverage for medical, prescription drugs, dental, vision, voluntary optional life, accident insurance, hospital indemnity insurance and critical illness insurance with competitive premium cost.
  • Supplemental benefit programs including identity protection, legal protection, and pet wellness are available at competitive rates.
  • 401(k) Plan with company matching contributions at 100% of the first 5% of pay
  • Company provided defined-contribution retirement plan with annual contribution equal to 3% of pay
  • Career development and tuition reimbursement
  • Other benefits including paid parental leave, short and long-term disability programs, adoption assistance, a Care.com membership and financial planning assistance are provided at no cost to you.
  • Paid Time Off and 13 Company-Paid Holidays.
Conditions of Employment

This position is subject to meeting U.S. export compliance and/or U.S. Government contracting citizenship eligibility requirements.

About Parker Hannifin

Parker Hannifin is a diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial, and aerospace markets. They are also demonstrating how their interconnected portfolio of motion and control technologies is critical to enabling a cleaner and sustainable world.

Parker Hannifin Careers

Join the vibrant team at Parker Hannifin, a global leader in motion and control technologies, and be part of a company known for its innovative approach and commitment to excellence. At Parker Hannifin, we offer a wide range of job opportunities that allow professionals to advance their careers in an environment that fosters growth, leadership, and diversity.

Work You’ll Do

At Parker Hannifin, every position contributes to our mission of solving the world’s greatest engineering challenges. Our team is composed of highly skilled professionals dedicated to pushing the boundaries of technology and innovation. Whether you are looking for a full-time position, an internship, or a leadership role, Parker Hannifin has a place for you.

Innovate and Lead

Embrace the opportunity to lead projects that redefine industry standards. Parker Hannifin is at the forefront of technological innovation, and our employees are the driving force behind our success. With a culture that values diversity and creative problem-solving, you will work alongside some of the brightest minds in the industry.

Grow Your Career

Parker Hannifin is committed to the professional growth of our employees. With comprehensive training programs and a focus on career development, we ensure that our team members have the resources they need to succeed. Our commitment to professional development is matched by our dedication to promoting from within, providing a clear path for career advancement.

Be Part of a Great Team

Our team at Parker Hannifin is our greatest asset. We pride ourselves on a culture that promotes teamwork, respect, and collaboration. With a global network of professionals, the opportunities for networking and cross-functional collaboration are vast. Join us and be part of a team that is making a difference in the world.

Benefits and Culture

Parker Hannifin offers a competitive benefits package that supports the health, well-being, and financial security of our employees and their families. From health insurance to retirement plans, we provide the benefits that help you live a healthier and more secure life. Our inclusive culture encourages involvement and offers various channels for employees to express their ideas and insights.

Explore Job Opportunities

Are you ready to take the next step in your career? Explore the exciting job opportunities at Parker Hannifin. From engineering to marketing, and from sales to customer service, we have positions that match a wide range of skills and interests. - **Search Parker Hannifin Jobs**: Find open positions that align with your skills and career goals. We are continuously hiring and looking for new talent to join our dynamic team. - **Prepare Your Application**: Tailor your resume and prepare for your interview with us. Show us how your experience and skills make you the perfect fit for Parker Hannifin. - **Internship Programs**: Gain hands-on experience and build your professional network through our internship programs. These opportunities are designed to give you a solid foundation in your chosen field.

Stay Connected

- **Join Our Team**: Stay ahead with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. - **Career Development**: Engage in ongoing learning and development programs to enhance your skills and boost your career prospects. - **Job Alert Emails**: Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding opportunities that await at Parker Hannifin. At Parker Hannifin, we are not just offering jobs; we are offering careers that make a global impact. Join us and be part of a legacy of leadership, innovation, and diversity.
Learn more about Parker Hannifin
Size
54,640 employees
Market Cap
$37.5 billion
Industry
Net Income
$1.4 billion
Founded
1918
5 Year Trend
+5.7%
Revenue
$13.5 billion
NASDAQ

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