Associate Buyer

Hyosung Hico Ltd; Memphis (TN); On-site; USD 50,000 - 70,000; Full time

Job summary

A leading company in Memphis is seeking an Associate Buyer to manage procurement processes and supplier relationships. This role involves negotiating contracts, ensuring quality supplies, and maintaining optimal inventory levels. Ideal applicants will have a Bachelor's degree and strong communication skills, with some experience in purchasing.

Qualifications

• 0 - 4 years of experience in purchasing and/or materials coordination.
• Ability to negotiate terms and conditions with suppliers.
• General knowledge of contract terms and conditions.

Responsibilities

• Procures materials and coordinates activities involved with purchasing.
• Negotiates terms and conditions for material and services.
• Maintains records of supplier performance and drives improvements.

Skills

Analytical abilities

Verbal communication

Written communication

Interpersonal skills

Education

Bachelor degree in Business, Engineering, or related discipline

Tools

MRP/ERP systems

MS Office products

Job description

The Associate Buyer will procure materials in a timely manner at the best price and quality by establishing, negotiating, and maintaining cost-effective sources of supplies through the application of professional purchasing principles and practices.

THE ESSENTIAL FUNCTIONS OF THE POSITION INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING:

• Procures materials or other goods and/or coordinates activities involved with purchasing products and services, such as raw materials, equipment, tools, parts, supplies, and advertising, for establishment.
• Obtains quotes & delivery schedules and negotiate terms and conditions for material and services required for production. Monitor performance and capabilities of suppliers to ensure maintenance of delivery, quality, and price commitments.
• Serves as liaison between vendors and PTD Design and Quality Engineering to achieve cost reductions through design changes, material selection, and manufacturing processes.
• Analyzes and communicates specifications and market conditions to determine best source for procurement of HICO supplies and parts through domestic or international vendors and suppliers.
• Discusses defective or unacceptable goods or services with inspection or quality control personnel, users, vendors, and others to determine source of trouble and take corrective action.
• Works with manufacturers & vendors to undertake the manufacturing of custom-designed items according to the company’s specific needs and specifications.
• Maintains optimal inventory of domestic and imported production materials, i.e., bill of materials items, small materials, electrical and mechanical parts and components, expense items, fixed assets to support continuous production operations.
• Reads technical diagrams and specifications to aid in development of technical solutions and expedited deliveries.
• Maintain records of supplier delivery, price, and responsiveness performance. Work with suppliers to drive ongoing improvements to these primary metrics and analyze and report results.
• Furthers the goals and positive, professional image of the Hyosung HICO Purchasing Department by conducting business with other HICO departments, suppliers, etc. in a timely and cooperative manner.
• Knows HICO’s Safety, Quality & Environmental Policies. Be able to fully discuss their importance and how they impact work.

THE DESCRIPTION ABOVE REPRESENTS THE MOST SIGNIFICANT ESSENTIAL DUTIES OF THE JOB BUT DOES NOT EXCLUDE OTHER OCCASIONAL WORK ASSIGNMENTS NOT MENTIONED.

THE NON-ESSENTIAL FUNCTIONS OF THE POSITION INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING:

• Initiate, compose, and distribute procedures as required.
• Perform other duties as assigned.

EDUCATION/SPECIAL SKILLS/EXPERIENCE/TRAINING:

• Bachelor degree in Business, Engineering, or other related discipline, plus 0 - 4 years of experience in purchasing and/or materials coordination, or equivalent education and experience.
• Developed verbal, written and interpersonal communications skills.
• General knowledge of how contract terms and conditions are applied.
• Computer literate, emphasizing MS Office products and MRP/ERP systems.

• Ability to use office equipment, such as: PC, photocopier, fax machine, etc.
• Ability to analyze data.
• Ability to travel to vendor locations.
• Ability to communicate with and negotiate terms and conditions with suppliers.

Qualifications

Skills

Behaviors

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Motivations

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Education

Experience

Licenses & Certifications

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.