Magna

Sr Capital Buyer

Magna$80K — $110K *
Novi, MI 48375In-Person
Manufacturing & Automotive
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business, Supply Chain Management, Engineering, or Finance; or equivalent experience.
  • 5+ years in purchasing, strategic sourcing, or capital procurement.
  • Knowledge of capital equipment, automation systems, and manufacturing processes.
  • Strong financial analysis skills, including ROI and NPV.
  • Proficient in competitive bidding and supplier management.

Responsibilities

  • Manage sourcing and procurement for capital equipment and infrastructure projects.
  • Develop sourcing strategies and present recommendations to management.
  • Lead commercial negotiations for equipment and service contracts.
  • Evaluate supplier quotations and negotiate competitive pricing.
  • Collaborate with project teams to align sourcing activities with budgets and technical requirements.

Benefits

  • Permanent position with stability.
  • Opportunities for continuous improvement initiatives.
  • Support for education and professional development.
  • Team collaboration across multiple functions.
Full Job Description
Job descriptions may display in multiple languages based on your language selection.

Job Responsibilities:

Independently manages the sourcing, procurement, and commercial activities associated with capital equipment, tooling, facilities, automation, and infrastructure investments in accordance with company policies and procedures. Supports engineering, manufacturing, operations, and program teams through strategic sourcing, supplier management, cost analysis, and project execution to achieve company objectives. Provides capital procurement expertise, recommendations, and direction to project teams. Generally completes the following duties and responsibilities with the support of purchasing management.

Essential Duties and Responsibilities

  • Generally assigned to high-complexity capital equipment, tooling, automation, facilities, and infrastructure projects..
  • Develops and utilizes knowledge of capital equipment markets, supplier capabilities, and cost structures to achieve cost reduction and investment optimization objectives through competitive sourcing, market testing, value analysis/value engineering (VA/VE), and total cost of ownership analysis..
  • Develops sourcing strategies for capital expenditures (CapEx) and presents recommendations to management for approval.
  • Leads commercial negotiations for capital equipment, tooling, facility expansions, automation systems, services, and installation contracts.
  • Supports manufacturing, operations, facilities, and engineering teams with sourcing activities while ensuring alignment to approved project budgets, timing, technical requirements, and corporate purchasing strategies..
  • Prepares bid analyses and sourcing recommendations based on cost, quality, technical capability, supplier capacity, project timing, and risk assessment.
  • Evaluates supplier quotations, identifies cost-saving opportunities, challenges supplier assumptions, and negotiates competitive pricing and contractual terms.
  • Establishes pricing and commercial agreements in a timely manner and maintains all required supporting documentation.
  • Supports project teams during equipment design, specification development, supplier selection, equipment acceptance, and project implementation phases.
  • Conducts supplier capability assessments, commercial evaluations, and capacity reviews for capital projects.
  • Negotiates and manages engineering changes, scope modifications, and project-related commercial impacts throughout equipment installation and launch phases.
  • Collaborates with engineering, manufacturing, maintenance, finance, operations, and project management personnel to ensure successful project execution.
  • Supports capital appropriation requests by developing cost estimates, sourcing strategies, and supplier recommendations.
  • Maintains accurate records of capital expenditures, supplier contracts, project savings, and investment approvals.
  • Drives continuous improvement initiatives and cost reduction projects related to manufacturing equipment, facilities, and automation investments.
  • Assists purchasing management with development of presentations and business cases for executive leadership approval of capital investments
  • Supports supplier performance management activities related to quality, delivery, installation, commissioning, and warranty performance.
  • Ensures compliance with company purchasing policies, financial controls, and capital approval processes
  • Supports Internal/External Audit efforts regarding ISO 9001:2015 and IATF 16949 requirements applicable to capital sourcing activities.
  • Supports the requirements as detailed in Standard Operating Procedure 8000 (Quality Management System).
  • Ensures work is performed in a manner consistent with organizational health, safety, environmental, and sustainability objectives.


Qualifications

To perform this job successfully, an individual must be able to perform each essential duty and responsibility satisfactorily.

Education

Bachelor's degree (or equivalent) in Business Administration, Supply Chain Management, Engineering, Finance, or related field; or a combination of equivalent education and work experience.

Experience/Special Knowledge/Skills

Five (5) years preferred of purchasing, strategic sourcing, capital procurement, engineering, manufacturing, or related experience.

Knowledge of capital equipment, automation systems, tooling, facilities projects, and industrial manufacturing processes.

Ability to apply quantitative analysis skills with a fundamental understanding of material, labor, burden structures, and cost drivers.

Ability to evaluate and analyze equipment quotations, project budgets, supplier proposals, and total cost of ownership.

Strong understanding of capital project management and procurement processes.

Experience with competitive bidding, contract negotiation, and supplier management.

Knowledge of cost reduction methodologies including VA/VE, global sourcing, standardization, and project optimization.

Ability to interpret equipment specifications, technical drawings, statements of work, and project schedules.

Strong financial and quantitative analysis skills including ROI, payback, NPV, and investment justification concepts.

Working knowledge of APQP, manufacturing systems, automation technologies, and industrial equipment procurement.

Strong communication and presentation skills, both verbal and written.

Strong organizational skills and the ability to manage multiple capital projects simultaneously.

Demonstrated ability to independently solve complex commercial and project-related issues.

Proficient with word processing, spreadsheet, project management, and database applications.

Preferred Competencies

Capital equipment sourcing

Manufacturing automation procurement

Facilities and infrastructure sourcing

Contract negotiation

Project management

Supplier development

Cost modeling and financial analysis

Investment justification and ROI analysis

Risk management

Cross-functional leadership

Worker Type:

Regular / Permanent

Group:

Magna Seating

About Magna

Magna Careers

Join Magna’s dynamic team of professionals and be part of a company that’s leading the way in automotive innovation. At Magna, we offer unparalleled job opportunities in an environment that values diversity, leadership, and growth. Work You’ll Do At Magna, we are committed to fostering an inclusive culture where every team member is empowered to contribute, innovate, and excel. We believe that diverse perspectives lead to groundbreaking ideas and better decisions. Joining our team means you’ll work alongside some of the industry’s most talented professionals, using state-of-the-art technology to create revolutionary automotive solutions. Lead in a Unique Market Position Magna stands at the forefront of the automotive industry, combining advanced technology, deep industry expertise, and a commitment to innovation that drives us forward. As a leader in our field, we offer careers that are not just jobs, but pathways to personal and professional growth. Explore Magna’s Job Opportunities Whether you’re looking for a position in engineering, design, production, or management, Magna has a place for you. Our global presence offers a wealth of opportunities for career advancement, professional development, and networking. From internships that provide real-world experience to leadership roles that challenge your skills, Magna is dedicated to helping you reach your full potential. Innovative Work Environment Magna is committed to innovation and excellence. Our team is constantly pushing the boundaries of what’s possible in the automotive world, making it an exciting place to grow your career. We encourage creativity and initiative, and we reward our employees with the benefits and support they need to succeed both professionally and personally. Be Part of a Great Team At Magna, you’ll find a collaborative environment that values teamwork and open communication. Our employees share a common goal: to lead the industry through innovation, efficiency, and sustainability. With diversity training and a focus on inclusive employment practices, Magna is a place where everyone can thrive. Future-Proof Your Career With Magna, you’re not just finding a job; you’re building a career. We offer extensive training and development programs to help you continue learning and evolving as a professional. With opportunities for advancement and a culture that promotes from within, Magna empowers you to design a career path that meets your ambitions. Stay Connected Join Our Team Search for open positions that match your skills and interests. We are always on the lookout for passionate, curious, and innovative team players. Explore the possibilities that Magna offers. SEARCH MAGNA JOBS Keep Up to Date Stay informed with career tips, insider perspectives, and industry-leading insights you can use today—all from the people who work here. READ CAREERS BLOG Job Alert Emails Customize your subscription to receive job alerts, the latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities that await at Magna.
Learn more about Magna
Size
161,000 employees
Market Cap
$15.9 billion
Industry
5 Year Trend
-0.1%
NASDAQ

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