What are the responsibilities and job description for the Purchasing and Inventory Specialist position at IRON HORSE TOOLS INC?
Key Responsibilities
Purchasing & Procurement
- Coordinate with corporate and district leadership to assess purchasing needs and forecast demand.
- Purchase materials, supplies, and equipment for all districts in a timely and cost-effective manner.
- Identify, evaluate, and establish relationships with new vendors.
- Negotiate pricing, contracts, and terms to secure the best value for the organization.
- Continuously analyze spending and implement cost-reduction strategies.
- Monitor market trends to identify opportunities for improved pricing and supply alternatives.
- Keep up-to-date documentation on all components, purchases, and vendor records.
- Reconcile PEX (corporate credit card) expenses monthly.
Inventory Management
- Oversee and conduct weekly cycle counts to ensure inventory accuracy.
- Lead and coordinate annual physical inventory processes.
- Investigate and resolve inventory discrepancies.
- Maintain accurate inventory records and reporting systems.
- Develop and implement inventory control procedures to minimize loss and overstock.
Operational & Administrative Oversight
- Collaborate with finance and district teams to align purchasing activities with budgets.
- Prepare and present reports on spending, savings initiatives, and inventory performance.
- Ensure compliance with company policies, procurement standards, and regulatory requirements.
- Develop and improve purchasing and inventory procedures for efficiency and accuracy.
Qualifications
- Proven experience in purchasing, procurement, or inventory management.
- Strong negotiation and vendor management skills.
- Ability to analyze spending data and identify cost-saving opportunities.
- Excellent organizational and communication skills.
- Proficiency in inventory management systems and Microsoft Office (Excel preferred).
- Strong attention to detail and problem-solving abilities.
Preferred Qualifications
- Supervisory or leadership experience.
- Experience managing multi-location purchasing operations.