Procurement Engineer

ITT Inc.; Saudi Arabia; On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a skilled Inventory Manager to oversee procurement and inventory management. This role involves collaborating with suppliers and manufacturing teams to ensure optimal inventory levels, negotiating contracts, and implementing strategic sourcing concepts. The ideal candidate will have a Bachelor of Engineering and at least five years of relevant experience, alongside strong communication and ERP software skills. Join a forward-thinking company committed to excellence and innovation, where your contributions will make a significant impact on operational success.

Qualifications

• Bachelor of Engineering with 5+ years of relevant experience required.
• Managerial experience preferred for effective team leadership.

Responsibilities

• Manage and procure inventory levels to meet operational objectives.
• Coordinate with suppliers to balance capacity and requirements.
• Implement problem-solving solutions and suggest process improvements.

Skills

Verbal and Written Communication

Managerial Experience

ERP & SAP Software Proficiency

Query Processing in ERP/Excel

Negotiation Skills

Problem-Solving Skills

Education

Bachelor of Engineering

Tools

ERP Software

SAP Software

Job description

At ITT, we have a clear purpose as an organization to provide our customers with cutting-edge solutions to help solve their most critical needs across key global end markets. Our continuous improvement mindset drives our commitment to evolving our capabilities as a multi-industrial technology, manufacturing, and engineering leader. With a strong global footprint of more than 100 facilities, we are well positioned to solve critical challenges for our customers around the world. Our locations include manufacturing facilities and global service capabilities in 35 countries. Through these worldwide operations and building on our heritage of innovation, our approximately 11,000 team members partner with our customers to deliver enduring solutions that make a lasting difference and help the world move forward. ITT is headquartered in Stamford, CT, with sales in approximately 125 countries. The company generated 2024 revenues of $3.6 billion.

Our main business segments include:

1. Motion Technologies: (Revenue of $1.4B; approximately 4,000 employees; operates in 13 countries) manufactures brake components and specialized sealing solutions, shock absorbers, and damping technologies primarily for the global automotive, truck and trailer, public bus, and rail transportation markets.
2. Industrial Process: (Revenue of $1.4B; approximately 3,400 employees; operates in 30 countries) manufactures engineered fluid process equipment serving a diversified range of customers in industries such as chemical, energy, mining, and other industrial markets. It also provides plant optimization, efficiency solutions, and aftermarket services and parts.
3. Connect and Control Technologies: (Revenue of $0.8B; approximately 3,800 employees; operates in 10 countries) manufactures harsh-environment connector solutions, critical energy absorption, flow control components, and composite materials for aerospace and defense, general industrial, medical, and energy markets.

Position Summary

Manage and procure inventory levels required to meet shipment and operational objectives through manufacturing or purchasing procurement. Interface with suppliers and manufacturing personnel as required to meet or exceed customer service requirements. Support marketing lead time requirements for all IP models. Manage a predetermined value of inventory, including service and production parts.

Essential Responsibilities

• Review daily order reports to identify product requirements, including supplier open order, salvage, OTP, and portfolio management reports.
• Realize savings and manage supplier contracting and negotiations.
• Create and modify purchase orders and handle activities related to sourcing mechanical parts.
• Develop strategic sourcing concepts and expedite deliveries.
• Coordinate with suppliers to balance capacity and requirements to satisfy OTP and inventory levels.
• Review, evaluate, and dispose of excess and obsolete inventory.
• Execute ECN materials actions and manage inventory discrepancies.
• Manage supplier and manufacturing stocking programs.
• Assist with safety stock revisions and review supplier relations monthly.
• Collaborate with engineering, contracts, and planners to develop safety stock levels supporting project demands.
• Communicate delays caused by demand fluctuations, salvage, scrap, or late parts.
• Prepare various reports, including expense, savings, supplier performance, and capacity evaluations monthly.
• Work with suppliers and manufacturing to prioritize when bottlenecks occur, making decisions on partial shipments and lot splitting.
• Secure and analyze quotations, negotiate prices, and recommend suppliers based on cost, quality, and delivery.
• Coordinate quality matters and engineering changes with manufacturing and suppliers.
• Implement problem-solving solutions, track results, and suggest process improvements, including lean projects.
• Maintain data integrity within the ERP system and lead cost reduction initiatives.
• Resolve complex delivery and quality issues and serve as a technical focal point for supplier audits and assessments.

Position Requirements

Education: Bachelor of Engineering with a minimum of 5 years of relevant experience.

Skills and Experience:

• Managerial experience preferred.
• Excellent verbal and written communication skills.
• Proficiency in PC applications, including ERP & SAP software.
• Knowledge of Goulds Pumps products is a plus.
• Experience dealing with foundries, casted parts, fabrication, and machined parts.
• Strong query processing skills in ERP/Excel and ability to manage multiple priorities.