Senior Buyer

Hyosung Hico Ltd; Memphis (TN); On-site; USD 70,000 - 90,000; Full time

Benefits offered by this job

Free Medical Insurance Option

Free Life Insurance

Paid Vacation, Sick Leave, and Holidays

Bonuses based on performance

Job summary

Hyosung Hico Ltd seeks a Senior Buyer in Memphis, TN, to manage procurement for production. The candidate will ensure timely and cost-effective sourcing of materials, negotiate with suppliers, and maintain inventory. A Bachelor’s degree in business or engineering and 8-10 years experience in purchasing are required. The role includes benefits such as free medical insurance, paid vacation, and various bonuses based on performance. Join a talented team at the forefront of energy transformation.

Qualifications

• 8 to 10 years' experience in purchasing and/or material coordination.
• Ability to travel to vendor locations.
• General knowledge of contract terms and conditions.

Responsibilities

• Procures materials in a timely manner at the best price.
• Coordinates purchasing products and services, monitors supplier performance.
• Communicates with vendors for product or service information.

Skills

Strong negotiation skills

Verbal communication

Written communication

Interpersonal communication

Analytical skills

Education

Bachelor's degree in business administration or engineering

Tools

MS Office products

MRP/ERP systems

Job description

At Hyosung HICO we’re transforming the future of energy from our state‑of‑the‑art manufacturing facility in Memphis, TN. By investing in cutting‑edge technology and empowering our diverse and talented team, we ensure that every transformer we produce meets the highest standards of quality and performance.

Hyosung HICO is seeking to fill a Senior Buyer position. The ideal candidate will procure materials in a timely manner at the best price and quality by establishing, negotiating, and maintaining cost‑effective sources of supply through the application of professional purchasing principles and practices.

OUR BENEFITS – BEST BENEFITS IN THE INDUSTRY!

• Free Medical Insurance Option – A company paid 100% medical insurance option for you and your family, effective on the first day of the month after hire date
• Free Life Insurance – Employer paid basic life insurance – 1X Annual salary plus an additional $20,000 coverage: Optional buy for dependent coverage
• Paid Vacation, Sick Leave, and 12 paid holidays per year
• Bonuses – Monthly Attendance (production and some other hourly roles), Annual, and Quarterly bonus eligibility (Bonuses are not guaranteed and are based on several factors such as company and individual performance)

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
• Communicates with vendors to obtain product or service information, such as price, availability, and delivery schedule.
• 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
• 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
• Maintain records of supplier delivery, price, and responsiveness performance. Work with suppliers to drive ongoing improvements to these primary metrics and analyze and report
• Furthers the goals and positive, professional image of the Purchasing Department by conducting business with other HICO departments, suppliers, etc. in a timely and cooperative
• Understand and work under the direction of the appropriate Hyosung HICO policy and/or procedure.
• Know Hyosung HICO’s Quality and Environmental Policies. Be able to fully discuss the importance of these policies 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
• Perform other duties as assigned.

EDUCATION/SPECIAL SKILLS/EXPERIENCE/TRAINING:

• Bachelor's degree in business administration, engineering or other related fields, and 8 to 10 years' experience in purchasing and/or material coordination or equivalent training and experience.
• Strong negotiation skills are a must.
• Developed verbal, written and interpersonal communications
• General knowledge of how contract terms and conditions are
• Computer literate, emphasizing MS Office products and MRP/ERP
• Ability to use office equipment, such as: PC, photocopier, fax machine,
• Ability to analyze
• Ability to travel to vendor
• Ability to communicate with and negotiate terms and conditions with

Hyosung HICO, Ltd., is an Equal Employment Opportunity (EEO) Employer. It has been and will continue to be a fundamental policy of Hyosung HICO, Ltd., not to discriminate on the basis of race, color, creed, religion, gender, gender identity, pregnancy, marital status, partnership status, domestic violence victim status, sexual orientation, age, national origin, alienage or citizenship status, veteran or military status, disability, medical condition, genetic information, caregiver status, unemployment status or any other characteristic prohibited by federal, state and/or local laws.

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.