What are the responsibilities and job description for the Procurement Specialist position at Solve IMG?
Solve Industrial Motion Group strives to be the trusted source for engineered bearings and power transmission solutions. Supported by a diverse range of products within Solve’s brand portfolio and our unmatched technical expertise, we have over 100,000 ready-to-ship components. At Solve we innovate with ambition, offering custom solutions in a wide range of applications. We obsess over our customers, leveraging our nationwide network for industry leading product availability, and best-in-class customer service. Our engaged team leads with integrity, and unites with purpose, driving toward innovation and continuous improvement every day.
POSITION DESCRIPTION: Reporting to the Materials Director, the Procurement Specialist is responsible for the strategic management of the purchasing and supply chain function. The ideal candidate will exercise their analytical skills, in tandem with a high attention to detail to ensure optimal inventory levels are maintained. Leaning into their problem-solving and solutions-oriented approach, the Procurement Specialist will be responsible for leveraging data to inform decisions and optimize processes for the Supply Chain Department. The ideal candidate will utilize their strong communication skills to build supplier relationships while effectively negotiating optimal terms, pricing and contracts to achieve cost savings and improve performance. The Procurement Specialist thrives in a fast-paced work environment, collaborating with various departments across the organization to contribute to strategic initiatives, like cost reduction, process improvement, and to ensure a timely delivery of products to our customers.
RESPONSIBILITIES:
POSITION DESCRIPTION: Reporting to the Materials Director, the Procurement Specialist is responsible for the strategic management of the purchasing and supply chain function. The ideal candidate will exercise their analytical skills, in tandem with a high attention to detail to ensure optimal inventory levels are maintained. Leaning into their problem-solving and solutions-oriented approach, the Procurement Specialist will be responsible for leveraging data to inform decisions and optimize processes for the Supply Chain Department. The ideal candidate will utilize their strong communication skills to build supplier relationships while effectively negotiating optimal terms, pricing and contracts to achieve cost savings and improve performance. The Procurement Specialist thrives in a fast-paced work environment, collaborating with various departments across the organization to contribute to strategic initiatives, like cost reduction, process improvement, and to ensure a timely delivery of products to our customers.
RESPONSIBILITIES:
- Track orders, resolve inquiries, and communicate with suppliers and internal stakeholders, to ensure on-time delivery of products; collaborating to expedite delivery where needed
- Analyze inventory and prepare purchase orders in ERP System (Epicor/P21) to maintain adequate stock levels for customer needs through research into our inventory system, demand trends, lead times, and past purchase orders
- Identify slow-moving and unproductive inventory and work with the Sales team to liquidate inventory, as needed
- Perform data analytics to assess accurate min/max inventory settings, re-order point levels, safety stock levels, and forecast accuracy
- Participate in monthly SIOP process and provide insights into customer/ supplier trends
- Leverage Power BI to report on various performance metrics and KPIs
- Create and maintain updated data in the company ERP system, including current costs and pending purchase orders, and delivery dates
- Partner with the Quality & Engineering departments and vendors to ensure purchased items meet specific quality standards, and take action to resolve any discrepancies
- Review and reconcile any variances between purchase orders and invoices to ensure accuracy, while maintaining product availability at or above targeted levels
- Associates or Bachelor’s degree in a related field of study, or 5 years of hands-on procurement experience
- 3 years of experience working in procurement
- Proficient with ERP Systems (Epicor/P21) and data analytics tools (Power BI, Web Query)
- Proficient with MS Excel, MS PPT and other MS Office Suite tools
- The ability to travel up to 10%
- Experience working in the bearings or power mechanical transmission (MPT) industry
- LEAN/ Process improvement experience
- International procurement experience
- APICS certification
- Market competitive benefits package, including company-sponsored health coverage, life insurance, 401(k) plan with company match, paid parental leave and paid time off
- Work in a collaborative environment with passionate and innovative teammates