What are the responsibilities and job description for the Buyer II position at ITT Inc.?
About ITT
ITT Inc. (NYSE: ITT) is a diversified global leading manufacturer of highly engineered critical components and customized technology solutions serving the flow, aerospace and defense, transportation, industrial, and energy markets. Through operational execution, innovation, and disciplined capital deployment, including strategic acquisitions such as SPX FLOW, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life.
Headquartered in Stamford, Connecticut, ITT has a market cap of roughly $20 billion and employs more than 15,000 people across 40 countries and serves customers in approximately 125 countries. Following the acquisition of SPX FLOW, the company is expected to generate $5.4 billion in annual revenue.
Our businesses are organized in three distinct segments, each based around our core engineering DNA:
Flow Technologies: A global leader in, providing a broad portfolio of pumps, valves, mixing and agitation equipment, heat transfer, homogenizers, separation, water and wastewater treatment, and engineered process solutions. Our leading brands include the iconic Goulds Pumps (with more than 175 years of history), Anhydro, APV, Bornemann, Bran Luebbe, C’treat, Engineered Valves, Gerstenberg Schröder, Habonim, Johnson Pump, Lightnin, Philadelphia, Plenty, PRO Cast, Rheinhütte, Seital Separation, Stelzer, Svanehøj, Tigerholm, Uutechnic, VIDAR, Waukesha Cherry-Burrell.
Motion Technologies: A global leader in brake pads (ICE and electrified brake pads) and shock absorbers (energy absorption solutions) for transportation applications. Our leading brands include Friction Technologies, KONI and Axtone.
Connect and Control Technologies: A leader in critical applications for the aerospace, defense and industrial markets, including harsh environment connectors and control components. Our leading brands include ITT Cannon, Enidine, Aerospace Controls and kSARIA.
Position Summary
The Buyer II will use their procurement skills to source, qualify, and develop new and existing suppliers across assigned commodities. They are expected to be proficient in learning and navigating ERPs, managing supplier relationships with a focus on on-time delivery, quality, and cost performance, and a customer service attitude to support production and sales.
Essential Responsibilities
We aim to pay our ‘ITT’ers’ fairly and competitively in the locations that they live and work. Pay-for-performance is a principle that we believe in, and employees are rewarded based not only on ‘what’ they accomplish, but also on ‘how’ they reflect ITT’s values. ITT offers a competitive salary and robust total rewards package, such as health insurance, 401(k), short and long-term disability, paid time off, growth and developmental opportunities, and other incentive compensation programs. Specific benefits are dependent upon whether or not the position is part of a collective-bargaining agreement. The salary offered to a candidate is based several factors such as candidate experience and qualifications, location, as well as market and business considerations.
Equal Pay Act Range
$74,800 - 111,400
ITT Inc. (NYSE: ITT) is a diversified global leading manufacturer of highly engineered critical components and customized technology solutions serving the flow, aerospace and defense, transportation, industrial, and energy markets. Through operational execution, innovation, and disciplined capital deployment, including strategic acquisitions such as SPX FLOW, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life.
Headquartered in Stamford, Connecticut, ITT has a market cap of roughly $20 billion and employs more than 15,000 people across 40 countries and serves customers in approximately 125 countries. Following the acquisition of SPX FLOW, the company is expected to generate $5.4 billion in annual revenue.
Our businesses are organized in three distinct segments, each based around our core engineering DNA:
Flow Technologies: A global leader in, providing a broad portfolio of pumps, valves, mixing and agitation equipment, heat transfer, homogenizers, separation, water and wastewater treatment, and engineered process solutions. Our leading brands include the iconic Goulds Pumps (with more than 175 years of history), Anhydro, APV, Bornemann, Bran Luebbe, C’treat, Engineered Valves, Gerstenberg Schröder, Habonim, Johnson Pump, Lightnin, Philadelphia, Plenty, PRO Cast, Rheinhütte, Seital Separation, Stelzer, Svanehøj, Tigerholm, Uutechnic, VIDAR, Waukesha Cherry-Burrell.
Motion Technologies: A global leader in brake pads (ICE and electrified brake pads) and shock absorbers (energy absorption solutions) for transportation applications. Our leading brands include Friction Technologies, KONI and Axtone.
Connect and Control Technologies: A leader in critical applications for the aerospace, defense and industrial markets, including harsh environment connectors and control components. Our leading brands include ITT Cannon, Enidine, Aerospace Controls and kSARIA.
Position Summary
The Buyer II will use their procurement skills to source, qualify, and develop new and existing suppliers across assigned commodities. They are expected to be proficient in learning and navigating ERPs, managing supplier relationships with a focus on on-time delivery, quality, and cost performance, and a customer service attitude to support production and sales.
Essential Responsibilities
- Create, implement, and maintain strategic sourcing strategies and tactical purchasing for assigned commodity portfolio ranging across mechanical commodities, electronics, composites, or indirect material/services.
- Conduct spend analysis, supplier assessment, and supplier selection using landed cost modeling.
- Evaluate vendor quotes and prepare structured business award recommendations to internal stakeholders
- Purchase and negotiate price, lead time, and net terms for assigned commodities
- Identify and execute areas of opportunity to reduce costs and inventory by negotiating favorable business/service agreements with suppliers (consignment/VMI), value engineering, or purchase price variance.
- Negotiate and manage cost models for suppliers (price, volume discounts, commodity cost forecasts and cost drivers, etc.)
- Collaborate with Quality to capture appropriate performance measurements (Quality, Cost and Delivery) of supply base and provide timely feedback to assigned suppliers.
- Continuously improve vendor and commodity knowledge by visiting current and prospective suppliers
- Work with Accounts Payable and vendors to ensure on-time payments.
- Bachelor's Degree (Business, Operations, Supply Management or Engineering) preferred or equivalent experience.
- 3 to 5 years of experience in Procurement, Administrative, or Supply Chain Management preferred, with alternate backgrounds in Manufacturing Operations or Start-Up environment considered.
- Proficient level of expertise of areas such as commodity markets and RFI/RFQ benchmarking, and familiarity with strategic analysis tools such as scorecards, paretos, and five forces analysis.
- Very strong Excel skills and be able to perform V lookups and create complex pivot tables, charts, and graphs at a minimum
- Must have an ability to read and understand technical documents and engineering drawings.
- Strong negotiation, oral and written communication skills, excellent analytical, planning, and process development skills, strong business judgement, and high level of initiative are all required
- Demonstrated ability to articulate logical and persuasive arguments across the organization is required
We aim to pay our ‘ITT’ers’ fairly and competitively in the locations that they live and work. Pay-for-performance is a principle that we believe in, and employees are rewarded based not only on ‘what’ they accomplish, but also on ‘how’ they reflect ITT’s values. ITT offers a competitive salary and robust total rewards package, such as health insurance, 401(k), short and long-term disability, paid time off, growth and developmental opportunities, and other incentive compensation programs. Specific benefits are dependent upon whether or not the position is part of a collective-bargaining agreement. The salary offered to a candidate is based several factors such as candidate experience and qualifications, location, as well as market and business considerations.
Equal Pay Act Range
$74,800 - 111,400
Salary : $74,800 - $111,400