Senior Buyer

IDEAL INDUSTRIES, Inc; Ajax; On-site; CAD 75,000 - 99,000; Full time

Job summary

IDEAL INDUSTRIES, Inc is seeking a Senior Buyer who will manage procurement for raw materials and parts, ensuring continuity of supply while achieving cost reductions and compliance. The ideal candidate will possess a Bachelor's degree and a minimum of 5 years in procurement, demonstrating strong negotiation and communication skills in a dynamic team environment. This key position requires attention to detail and the ability to manage multiple priorities, contributing to the company’s strategic sourcing goals.

Qualifications

• Minimum 5 years in strategic sourcing or procurement within a manufacturing environment.
• Proficient in Excel, including pivot tables and v-lookups.
• Must communicate effectively at all management levels.

Responsibilities

• Implement and ensure compliance with Procurement Policies.
• Manage supplier relationships and drive cost management processes.
• Conduct negotiations with assigned suppliers.

Skills

Attention to detail

Communication

Problem-solving

Education

Bachelor’s Degree in Business or Supply Chain

Tools

ERP functionality

Microsoft Office Suite

Job description

Overview

IDEAL Industries, Inc. has built a reputation for over a century by crafting iconic tools and practical technology required in aerospace, data communications, electrical, wire processing and construction. The global family of IDEAL brands includes IDEAL Electrical, Anderson Power, and Enatel.

A vibrant and dynamic company, IDEAL is best known for our wire connectors, the gold standard for making electrical connections around the world. Nearly every commercial jet is assembled using IDEAL wire strippers and, as part of the critical equipment on NASA missions, our tools even help NASA astronauts fly to the moon. Most important, our products benefit skilled tradespeople, who reach for IDEAL tools every day.

IDEAL is propelled by the concept of Building an IDEAL World. Our family-run business is committed to building ideal relationships with customers, employees, and communities by crafting some of our industry’s most innovative and trusted tools.

The Senior Buyer is responsible for ensuring the continuity of global supply for raw materials and purchased parts for the organization within the assigned supply base while achieving company targets on cost reductions, payment terms, inventory reduction, and contractual/commercial terms while mitigating risks to the Company. Additionally, this position is responsible for representing the function as a Business Partner to support other cross functional initiatives when needed.

Responsibilities

· Implement Procurement Policy Definition and ensure compliance.

· Responsible for managing assigned spend using Category Management process utilizing a Total Cost of Ownership methodology.

· Relationship owner for assigned suppliers ensuring alignment with Company goals and internal escalations regarding Delivery, Quality, Cost, and Risk.

· Business Partner with Marketing/Product Management/Engineering for technology screening and part requirement development for new and existing product road map.

· Drive Company supplier assessments and auditing process with cross functional support.

· Conduct timely negotiations with assigned supply base to support the Company cost management process on an annual and as needed basis.

· Contracting (Supplier on boarding, NDA, Supply Agreement) and Contract Compliance

· Supports New Product Introductions

· Analyze and present make/buy recommendations to management.

· Represent the function as the subject matter expert when it relates to your assigned categories or commodities which include commodity market, commodity risks, trends, and cost drivers.

· Support ISO audits as required.

· Participate as a member of a Project Team and/or Cross Functional Team as required.

· Work with suppliers to collaboratively develop new solutions for the business.

· Perform other related duties as assigned

Qualifications

REQUIREMENTS:

· Bachelor’s Degree, preferably in Business or Supply Chain or equivalent in related field.

· Minimum 5 years within a manufacturing environment in strategic sourcing, procurement or purchasing role with some experience in international procurement.

· Professional certifications are preferred but not required.

· Requires a working knowledge of ERP functionality.

· Must be proficient in Microsoft Office Suite specifically Excel (i.e. pivot tables, v look up), Word, PowerPoint, and preferably MS Project.

· Must be able to communicate and present to all levels of management.

· Must have a high attention to detail.

KNOWLEDGE, SKILLS AND ABILITIES:

· Working knowledge of 7 step strategic sourcing/category management process.

· Experience in various manufacturing processes (injection molding, metals, stampings, castings, packaging, private labels relationships) and MRO (including Freight)

· Understanding of risk and cost drivers in subject commodities or categories.

· Experience in working with Marketing, Product Management, Engineering in cross functional role to define requirements and sell the role as Business Partner

· Working knowledge of Contract Management principles and practices

· High proficiency in Excel to mine and manage data.

· Apply principles of logical thinking to solve practical problems

· Must be able to read, understand and communicate in English

· Travel up to 20% of the time, including occasional international travel

· Excellent verbal and written communication skills

· Ability to manage multiple conflicting priorities

The expected annual salary for this position is between $75,000.00 and $99,000.00. This range represents a good faith estimate for the position and actual compensation will be based on numerous factors including knowledge, location, skills, training and experience.

IDEAL employees enjoy a wide range of valuable benefits.

IDEAL INDUSTRIES, INC. is proud to be one of Newsweek’s Global Top 100 Most Loved Workplaces and an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status. We know when you honor relationships, success for all will follow. To learn more about us, visit www.idealindustries.com

Please review IDEAL Industries’ Privacy Notices here: https://idealindustries.com/content/dam/corporate/legal/IDEAL-Applicant-and-Candidate-Privacy+CA-Notice-2023.pdf. By continuing, you acknowledge reviewing and understanding these notices.