Procurement Manager

IDEX; Denver (CO); On-site; USD 110,000 - 165,000; Full time

Benefits offered by this job

Health benefits

401(k) with company match

PTO

Job summary

IDEX is seeking a Procurement Manager to lead direct materials (80/20 focus) and indirect spend, manage a procurement team, and align sourcing with production needs. You will drive cost reductions, optimize supplier performance, and ensure supply continuity across our manufacturing footprint.

The role requires 3–5 years in procurement/sourcing in manufacturing, experience with ERP systems, and strong leadership ability. Competitive benefits include health, 401(k) with match, and PTO.

Qualifications

• Requires a bachelor’s degree in a related field and 3–5 years procurement/sourcing experience in a manufacturing environment.
• Experience with engineering or metal forming industries is strongly preferred.
• Experience leading or supervising a small team (3–5 employees) and managing both direct and indirect spend.

Responsibilities

• Lead procurement strategy and execution for direct Materials (80/20) and indirect spend.
• Ensure material availability to support production while optimizing inventory and cash flow.
• Drive cost reduction via value analysis, supplier consolidation, and strategic sourcing.

Skills

80/20 analysis

Strategic sourcing

Cost reduction

Supplier management

Financial acumen

Education

Bachelor’s degree in Supply Chain/Business/Engineering

Tools

ERP systems (JDE)

Job description

If you’re looking for a special place to build or grow your career, you’ve found it. Whether you’re an experienced professional, a recent college graduate or somewhere in between, IDEX is a place where you can apply your existing skills and learn new ones in an environment where you can make an impact. With interesting opportunities in engineering, marketing, sales, supply chain, operations, HR, finance, and more across more than 40 diverse businesses around the globe, chances are, we have something special for you.

SUMMARY OF JOB RESPONSIBILITIES: The Procurement Manager is responsible for leading purchasing and supplier management activities as well as providing input on sourcing management. This role manages a team of professional procurement employees and oversees procurement of direct materials (80/20 focus) as well as indirect goods and services. The role drives cost efficiency, supplier performance, and supply continuity while aligning procurement strategies with operational and business objectives. The Procurement Manager applies data-driven decision-making, including 80/20 analysis, to prioritize high-impact categories, optimize supplier base, and improve working capital.

REPORTING TO: Director of Supply Chain & Compliance

DUTIES AND RESPONSIBILITIES:

• Procurement Strategy & Execution
  • Develop and execute procurement strategies for direct materials (80/20 categories) and indirect spend.
  • Ensure material availability to support production schedules while optimizing inventory levels and cash flow.
  • Lead sourcing activities including RFQs, bid analysis, supplier selection, and contract negotiations.
  • Drive cost reduction initiatives through value analysis, supplier consolidation, and strategic sourcing.
• Supplier Management & Performance
  • Build and maintain strong relationships with key suppliers.
  • Monitor supplier performance across cost, quality, delivery, and service (CQD) metrics.
  • Lead supplier business reviews and corrective action plans where needed.
  • Identify and mitigate supply chain risks (capacity, geopolitical, single-source dependencies).
• Direct (80/20) & Indirect Spend Management
  • Apply 80/20 principles to prioritize high-value materials (e.g., metals, engineered components).
  • Manage procurement of indirect goods and services (e.g., logistics, professional services).
  • Ensure compliance with company policies and cost controls across indirect categories.
• Team Leadership & Development
  • Lead, coach, and develop a team of procurement professionals.
  • Set clear performance expectations and accountability standards.
  • Drive continuous improvement mindset and skill development within the team.
• Cross-Functional Collaboration
  • Partner with Engineering, Operations, Finance, and Quality teams to align procurement with business needs.
  • Support new product development (NPD) through early supplier involvement and cost modeling.
  • Collaborate on cost savings, value engineering, and process improvement initiatives.
• Operational Excellence
  • Maintain accurate procurement data and reporting in ERP systems.
  • Track KPIs including cost savings, supplier performance, inventory turns, and on-time delivery.
  • Ensure compliance with safety, ethical sourcing, and regulatory requirements.
  • Performs other related duties as assigned.

KNOWLEDGE, SKILLS, AND ABILITIES:

• Technical & Functional
  • Strong understanding of strategic sourcing and procurement processes
  • Experience with metal commodities, engineered components, or industrial supply chains
  • Knowledge of ERP systems (i.e., JDE experience preferred)
  • Strong analytical skills with ability to apply 80/20 and data-driven decision making
  • Financial acumen (cost analysis, total cost of ownership)
• Leadership & Behavioral
  • Ability to lead and develop a small, high-performing team
  • Strong negotiation and supplier management skills
  • Excellent communication and stakeholder management ability
  • Problem-solving mindset with focus on continuous improvement
  • Ability to manage multiple priorities in a fast-paced manufacturing environment

EDUCATION AND EXPERIENCE:

• Bachelor’s degree in Supply Chain, Business, Engineering, or related field
• 3–5 years of procurement/sourcing management experience in a manufacturing environment
• Experience in engineering or metal forming industries strongly preferred
• Prior experience leading or supervising a small team of procurement professionals (3–5 employees)
• Experience managing both direct materials and indirect spend categories

Are you ready to join a different kind of company where our people, our culture, and our commitments are centered around providing trusted solutions that improve lives around the world?

Total Rewards

The compensation range for this position is $109,800.00 - $164,600.00, depending on experience. This position may be eligible for performance based bonus plan.

Benefits Package

Our comprehensive U.S. benefit offerings include: Health benefits, 401(k) retirement savings program with company match, PTO, and more.

More information on our benefits and rewards can be found on our career page: https://www.idexcorp.com/careers/our-benefits-and-rewards/

IDEX is an Equal Opportunity Employer. IDEX gives consideration for employment to qualified applicants without regard to race, color, religion, creed, genetic information, sex, sexual orientation, gender identity or expression, marital status, age, national origin, disability, protected veteran status, or any other consideration or protected category made unlawful by federal, state or local laws.

Attention Applicants: If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process, please let us know. Likewise, if you are limited in the ability to access or use this online application process and need an alternative method for applying, we will determine an alternate way for you to apply. Please contact our Talent Acquisition Team at [e-mail] for assistance with an accommodation. These contact tools may be used only by individuals with a disability for accommodation requests. Do not inquire as to the status of an application.

This posting is for an existing vacancy.

Artificial intelligence is not used to screen, assess or select applicants.

IDEX (NYSE: IEX) is a company that has undoubtedly touched your life in some way. In fact, IDEX businesses make thousands of products that are mission-critical components in everyday activities. Chances are the car you’re driving has a BAND-IT® clamp holding your side airbag safely in place. If you were ever in a car accident, a Hurst Jaws of Life® rescue tool may have saved your life. If you or a family member is battling cancer, your doctor may have tested your DNA in a quest to find the best targeted medicine for you. It’s likely your DNA test was run on equipment that contains components made by our growing IDEX Health & Science team.