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Procurement Specialist Embedded- HFG at Cross Technologies Inc

Posted in Admin - Clerical 30+ days ago.

Type: Full-Time
Location: Greensboro, North Carolina





Job Description:

JOB SUMMARY:

Analyze, Procure & Maintain inventory at appropriate levels for assigned suppliers & vendors, to help support and attain the goals of Cross Hose & Fitting, using Cross Company approved purchasing / inventory management “best practices & KPI’s”. Purchasing Department Procurement Specialists’ responsibility, within Cross Company, is to understand, research, compare, negotiate then select appropriate suppliers/vendors & products in order to meet the needs of Cross Company and our Customers. Procurement Specialist is watchful and proactive to Cross Company metrics related to budgeted inventory levels, non-moving inventory products, customer committed inventory agreements, key supplier agreements (quality, price & speed) and communicates with the Group President & Purchasing Manager for development of action plans, where applicable.

ESSENTIAL FUNCTIONS:

1. The Procurement Specialist will review, analyze and process information sources for procuring inventory to replenish stock levels, store transfers and to fill customer orders as scheduled, including order-as-needed inventory items. This includes checking for conversion possibilities, customer’s “credit” status, attainment of supplier target amount, purchase order consolidation, speed to close the Sales Order and opportunities to use release dates with suppliers to manage our cash asset. Purchase at “best overall cost”, considering other costs like inbound freight charges, cost of carrying inventory and internal company handling.

2. Coordinate with Group President, Store & Sales Managers for successfully negotiating current and new supplier/vendor agreements. Analyze all product requirements on a monthly basis and provide guidance on changing trends to avoid stockouts, determine prudent drop ship opportunities, special orders and missed deliveries or failing to meet customer expectations. Prepare strategies to design various cost savings programs and identify new suppliers, if required, and maintain exceptional professional relationships with all suppliers.

3. Review and adjust stock products ordering controls to meet current & future usage and “best overall cost” purchasing levels. Determine correct replenishment path based on all data inputs and other store/warehouses intelligence. Analyze daily purchasing reports to make any needed corrections.

4. Ensure “product data integrity” in NetSuite confirming accuracy of entry including part numbers, item names and descriptions, product category codes, vendor information, UPC or GTIN, rebate coding, kit and component set-up, current acknowledgement dates from the suppliers/vendors for open purchase orders lines. Contact suppliers/vendors as needed to update system ship date for past-due products. Review expectation is daily, and shared with sales teams.

5. Manage, coordinate, advise and implement price / cost changes. This includes acquiring timely information from the source and preparing data to be communicated with the IT Department for updating product list prices and replacement costs which are setup in our system.

6. Monitor potential surplus and Pre-Zero usage inventory to address issues before the product becomes Zero Usage. Manage zero usage inventory to attain a goal of “less than 3%” of inventory value, using established processes which include stock rotation to vendors, conversion of products, information to Customer Service Associates to contact previous customers for potential sale, sales to approved surplus houses, and suggested cost value write-off. Work with the Purchasing Manager for the disposal of zero-costed inventory “aged” beyond expected shelf life / expected sale time-frame.

ADDITIONAL RESPONSIBILITIES:

1. Participate in HFG & Corporate Purchasing Department meetings as scheduled

2. Tactically seek additional discounting and more favorable terms when planning for and placing larger purchase orders.

3. File for vendor rebates and reconcile associated credits, including processing cost of goods sold adjustments, where applicable

4. Resolve Returns / vendor acknowledgement / shipment / invoicing discrepancies on a timely basis

5. Work to lower:

a. Freight Costs b. Number of receiving events c. Store inter-company transfers d. Number of similar vendors e. Broken Box Charges from key suppliers

6. Complete other tasks and projects as required by management.

EDUCATION & EXPERIENCE:

● BS degree preferred in accounting or business-related area ● 3 + years industry-related experience in procurement buyer roles ● ERP System Experience ● Exceptional Excel/Google Sheets skills

REQUIRED COMPETENCIES:

1. Communicates Effectively 2. Manages Complexity 3. Business Insight 4. Servant Leadership 5. Customer Focus 6. Drives Results 7. Action Oriented 8. Nimble Learning 9. Ensures Accountability 10. Tech Savvy

PHYSICAL & MENTAL REQUIREMENTS:

A. Ability to learn & master new technical material quickly B. Impeccable attention to detail C. Ready to travel, as needed, to meetings with suppliers and other company locations D. Consistently able to handle stressful situations positively E. Able to sit for extended periods while working at desk

DISCLAIMER:

 The job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. This document does not create an employment contract, implied or otherwise; employment in this job is an “at will” employment relationship.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

See job description





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