Procurement Engineer

ITT Inc.; Dammam; On-site; SAR 120,000 - 180,000; Full time

Job summary

An established industry player is seeking a skilled Inventory Manager to oversee procurement and inventory management. In this dynamic role, you will manage inventory levels to meet shipment objectives, interface with suppliers, and support marketing lead time requirements. You will be responsible for negotiating contracts, creating purchase orders, and ensuring data integrity within the ERP system. The ideal candidate will possess a Bachelor's degree in Engineering and have a minimum of five years of relevant experience. Join a forward-thinking company where your contributions will directly impact operational efficiency and customer satisfaction.

Qualifications

• Bachelor of Engineering with 5+ years of relevant experience required.
• Managerial experience preferred; strong communication skills essential.

Responsibilities

• Manage inventory levels and procurement to meet operational objectives.
• Negotiate with suppliers and create purchase orders for mechanical parts.
• Analyze quotations and establish priorities to maximize customer service.

Skills

Verbal Communication

Written Communication

Problem-Solving

Negotiation

Project Management

Process Improvement

Education

Bachelor of Engineering

Tools

ERP Software

SAP Software

Excel

Job description

Manage and procure inventory levels required to meet shipment and operations objectives through manufacturing or purchasing procurement. Interface with Suppliers and Manufacturing personnel as required to meet/exceed Customer Service requirements. Support Marketing lead time requirements for all IP Models. Manage a pre‐determined value of Inventory. Manage service and production parts.

Responsibilities

• Review daily order reports to identify product requirements: Supplier open order report, Supplier salvage report, Supplier OTP report, Supplier portfolio management.
• Realize savings report.
• Contracting & negotiating with assigned suppliers.
• Create purchase orders.
• Modify existing purchase orders.
• Other activities as part of sourcing system for a wide range of mechanical parts.
• Development of strategic sourcing concept.
• Work with suppliers to balance capacity and requirements to satisfy OTP and inventory levels.
• Review, evaluate and make disposition of excess and obsolete inventory.
• Execute ECN materials actions.
• Manage and reconcile inventory discrepancies due to lost parts and supplier non-conformance issues.
• Backup co-workers as required due to vacation, illness, etc.
• Identify safety stock revisions.
• Assist supply chain with supplier relations by reviewing on a monthly basis.
• Work with engineering, contracts and planner to develop safety stock levels to support project demand.
• Communicate any delays caused by abnormal demand, salvage, scrap or late parts.
• Prepare Regional expense report, Realized savings report, supplier performance report and supplier capacity evaluation report monthly.
• Work with suppliers and manufacturing to establish priorities when bottlenecks exist. Requires making decisions on partial shipments, splitting machining lots and other possibilities to maximize customer service.
• Secure and analyze quotations; negotiate price and terms with suppliers and recommend based on cost, quality and delivery.
• Coordinate as appropriate quality matters and engineering changes/developments between manufacturing operations and suppliers.
• Initiate and facilitate problem-solving skills, implement solutions and track results.
• Identify, suggest and implement process improvements by taking own initiative and generating lean projects in purchasing department.
• Establish, retain and maintain data integrity with the current running ERP system.
• Cost reduction initiatives.
• Resolve complex delivery, quality or other related problems with purchases.
• Serve technical focal for special or high-level audits & assessments of supplier’s systems, processes & products.

Position Requirements

EDUCATION: Bachelor of Engineering with a minimum of 5 years of experience in relevant field.

OTHER SKILLS / KNOWLEDGE / EXPERIENCE:

• Managerial experience preferred.
• Excellent verbal and written communication skills.
• PC Literate.
• Knowledge of Goulds Pumps Products preferred.
• Previous experience in dealing with foundries & casted parts.
• Prior experience in dealing with Fabrication & machined parts.
• ERP & SAP software fluencies.
• Query processing ERP / Excel.
• Presentation skills & ability to manage multiple priorities.