Ferrotec (USA)

Sr. Procurement Specialist

Ferrotec (USA)$80K — $95K *
Business Services
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree or equivalent required.
  • 4 years' experience in purchasing or procurement necessary.
  • Ability to act as a mentor to less experienced staff.
  • Knowledge of federal purchasing laws and ethical procurement practices.
  • Familiarity with commodities relevant to Ferrotec's offerings, such as precision machined parts and ball bearings.

Responsibilities

  • Review requisitions for accuracy and confirm authorization signatures.
  • Initiate quote activities and expedite supplier responses.
  • Assist in pricing analysis to determine effective costs for assigned commodities.
  • Monitor costs and schedules for assigned subcontracts and blanket purchase orders.
  • Interface with suppliers and conduct facility evaluations for compatibility with company goals.
  • Manage return-to-vendor activities to ensure corrective actions are taken.
  • Collaborate with other departments on delivery, specifications, and quality issues.

Benefits

  • Medical, Dental, Vision, Life & Disability coverage.
  • 401K Matching and Flexible Work Hours.
  • Tuition Reimbursement for continued education.
  • Leadership development opportunities available.
  • Employee Engagement & Appreciation Events throughout the year.
Full Job Description
Description

HOW YOU MAKE AN IMPACT

Responsible for obtaining material, components, equipment or services while optimizing the use of company assets in compliance with company policies, applicable federal laws or regulations governing purchase of goods or interstate commerce. Knowledgeable in assigned commodities and associated supplier base. Upholds the highest level of ethics, integrity, and professionalism while representing Ferrotec and in all purchasing practices. Maintains relations with suppliers on a professional and objective basis, free from the influence of gifts, favors, or personal relationships.

Achievement of objectives must include an overriding commitment to quality that must permeate the areas of
responsibility. Enable and Drive Change in the Organization.

WHAT SUCCESS LOOKS LIKE
  • Performs well-defined tasks under the supervision of Purchasing management or a Senior Buyer.
  • Reviews incoming requisitions for accuracy and completeness; confirms proper authorization signatures.
  • Initiates quote activity and expedites supplier responses.
  • Assists in determining effective pricing for purchases of assigned items or commodities through pricing analysis of current or previously purchased item prices or quotes.
  • Monitors the cost and schedule of assigned subcontracts (blanket purchase orders).
  • Interfaces with suppliers and supplier representatives, periodically visits suppliers' facilities to evaluate their compatibility with Ferrotec's requirements, goals, and objectives.
  • Monitors and coordinates "return to vendor" (RTV) activity to insure best possible corrective action.
  • Interfaces with other departments regarding delivery status, specifications, pricing, quantity, or quality issues.
  • Communicates with planning to determine the best course of action for problem deliveries.
  • Works with a Senior Buyer or Purchasing Manager on delivery improvements and cost savings.
  • Responsible for one or more commodities such as precision machined parts, sheet metal fabrications, magnets, ball bearings, MRO, service contracts, purchase, or lease of capital equipment.
  • Familiar with and utilizes a variety of acquisition methods such as spot buying, blanket orders, supplier stocking options, and service contracts to obtain needed supplies and materials in the most cost-effective manner.
  • Maintains data and reports on assigned commodity/suppliers (performance, capacity, lead-time, and price) as required by management.
  • Determines specific receipt timetables and quantities to support indicated and expected demands while being accountable for company cost and inventory goals.
  • Suggests and implements improvements to purchasing practices, supplier management processes, MRP options and internal processes by communicating suggestions and implementing appropriately.
  • Responsible for planning and procurement of critical materials, components, equipment, and services; and for the management of the resulting customer/supplier relationships.
  • Reviews requisitions, obtains quotations, examines bids, and formulates short- and long-term procurement strategies for assigned commodities based on objective supplier performance data (quality, cost, delivery, reliability) and on considerations of product/service level value.
  • Develops and maintains a supply base that meets the requirements of Ferrotec's capacity demand, quality requirements, and cost expectations.
  • Approves and qualifies suppliers consistent with the Supplier Qualification Process.
  • Interfaces with and provides information to Planning, Manufacturing, QC, Engineering, and Sales personnel as required. Assists Purchasing management in the training of other department members as back up and in professional development.
  • Perform other related duties as may be reasonably assigned in the course of business.

Not a comprehensive list of duties. Duties may change without notice at management's sole discretion

WHAT YOU NEED TO BE SUCCESSFUL
  • Bachelor's degree or equivalent and 4 years' experience.
  • Ability to act as a mentor.

PREFERRED SKILLS:
  • Ability to communicate (speak and write) in English and Chinese desired.


PERKS OF JOINING OUR TEAM

With positive values, a productive atmosphere, and a commitment to excellence, Ferrotec encourages employees to maximize and realize their potential.

The salary range included in this job posting is relevant to applicants who reside or work in the Livermore, CA area only Salary offers will depend on experience, knowledge, skills, education, and location. Actual salary may vary due to these and other factors.

Ferrotec is proud to offer a Competitive Benefits Package including Medical, Dental, Vision, Life & Disability, 401K Matching, Flexible Work Hours, Tuition Reimbursement, Leadership Development, Travel and Hotel Discounts, Paid Time Off, Sick & Wellness and Volunteer Time, Employee Recognition Program, Employee Engagement & Appreciation Events hosted throughout the year. Virtual Wellness Activities and Classes are available to all employees & family members and Much More!

We would love to get to know you better and you get to know us better! You can easily apply!

About Ferrotec (USA)

Ferrotec (USA) Corporation is a leading manufacturer of advanced materials, components, and systems for a wide range of industries. Ferrotec's products are used in a variety of applications, including semiconductor manufacturing, automotive, aerospace, medical, and consumer electronics. The company's product portfolio includes thermoelectric modules, vacuum components, and precision machined components. Ferrotec is committed to providing high-quality, innovative solutions to its customers. Ferrotec is headquartered in Bedford, New Hampshire, and has approximately 1,000 employees worldwide.
Learn more about Ferrotec (USA)
Size
9,348 employees
Industry
Founded
1980
NASDAQ

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