Associate Buyer

Hyosung HICO, Ltd.; Memphis (TN); On-site; USD 45,000 - 65,000; Full time

Job summary

A prominent manufacturing firm is seeking an entry-level Associate Buyer to join their Purchasing and Supply Chain team in Memphis. In this role, you will manage procurement activities, negotiate with suppliers, and maintain materials inventory to support production needs. The ideal candidate possesses a Bachelor's degree and strong communication skills, along with a basic understanding of purchasing principles and contract negotiations.

Qualifications

• 0-4 years of purchasing or materials coordination experience or equivalent.
• Strong communication skills, both verbal and written.
• Basic understanding of contract terms and conditions.

Responsibilities

• Procure materials and coordinate purchasing activities.
• Negotiate terms and monitor supplier performance.
• Maintain optimal inventory levels of materials to support production operations.

Skills

Communication

Negotiation

Analytical skills

Education

Bachelor's degree in Business or Engineering

Tools

MS Office

MRP/ERP systems

Job description

Position Summary

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.

Essential Functions:

1. Procure materials or other goods and coordinate activities involved with purchasing products and services, such as raw materials, equipment, tools, parts, supplies, and advertising.
2. Obtain quotes, delivery schedules, and negotiate terms and conditions; monitor supplier performance to ensure delivery, quality, and price commitments.
3. Serve as liaison between vendors and PTD Design and Quality Engineering to achieve cost reductions through design changes, material selection, and manufacturing processes.
4. Analyze and communicate specifications and market conditions to determine the best source for procurement of supplies and parts via domestic or international vendors.
5. Discuss defective or unacceptable goods or services with inspection or quality control personnel, vendors, and others to identify issues and take corrective actions.
6. Work with manufacturers and vendors to produce custom-designed items according to company needs and specifications.
7. Maintain optimal inventory levels of domestic and imported materials to support production operations.
8. Read technical diagrams and specifications to develop technical solutions and expedite deliveries.
9. Maintain records of supplier performance and work with suppliers to improve delivery, price, and responsiveness metrics.
10. Promote a positive and professional image of the Hyosung HICO Purchasing Department through timely and cooperative interactions.
11. Understand and discuss HICO’s Safety, Quality & Environmental Policies and their impact on work.

Additional Duties:

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

Qualifications:

• Bachelor's degree in Business, Engineering, or related field, with 0-4 years of purchasing or materials coordination experience, or equivalent.
• Strong communication skills, both verbal and written.
• Basic understanding of contract terms and conditions.
• Proficiency with MS Office and MRP/ERP systems.

Physical and Environmental Characteristics:

• Ability to operate office equipment.
• Analytical skills.
• Willingness and ability to travel to vendor locations.
• Negotiation skills with suppliers.

Additional Information:

• Seniority level: Entry level
• Employment type: Full-time
• Job function: Purchasing and Supply Chain
• Industry: Manufacturing