Electronic Components Raw Materials Buyer

Overview:

The Buyer will perform purchasing of electronic components for manufacturing/production. The key functions include team/vendor communication and evaluation, and inventory forecasting and control. The Buyer will operate in a hands-on role executing purchasing of raw material electronic components from international suppliers.

Responsibilities:

• Develop and maintain effective relationships with existing suppliers; evaluate and select new vendors. Work with suppliers to reduce order quantities while increasing order frequency to help with working capital and reduce risk on obsolescence issues.

• Proactively improve supplier On-Time Delivery. Identify supplier key metrics and implement improvement processes.

• Participate in the sales and operations planning process to ensure incoming material meets product volume and mix requirements.

• Participate in the design for manufacturing and value analysis/value engineering initiatives.

• Purchase and manage resources/vendors and all inventories (FG, WIP, Raw) to achieve team and business goals to support manufacturing.

• Maintain strong lines of communication with teammates, vendors, accounting, IT, QA, customer service and distribution to ensure that all ideas and issues are addressed.

• Maintain all material control-related systems to reflect changes of internal and external customer demand.

• Optimize and balance inventory levels to maximize key metrics; inventory turns, component availability and cost, transportation costs; limit excess and obsolete inventory.

• Ensure that materials are purchased at lowest cost, in specified quantity and quality, within scheduled dates while maintaining or improving component quality.

• Make recommendations on material cost reductions, value analysis, and value engineering opportunities driving analysis and approval.

• Follow-up and expediting of vendor deliveries when necessary.

• Develop and maintain accurate standard costs for all purchase components and assemblies.

• Advise management of industry competitive situations, alternative supply sources, commodity price trends and supply/demand situations.

• Perform all above duties in accordance with applicable directives and company policies.

Qualifications:

• BS degree preferred, in materials management, business, or logistics a plus

• Minimum of 4+ year of experience of purchasing of electronic components as raw materials in a manufacturing company.

• Experience working with raw material suppliers ensuring best price of raw materials.

• Demonstrated ability to work in and be challenged by a team-based environment, which places a high degree of emphasis on accountability for customer service levels, inventory management, cost reduction, and quality compliance.

• Effective verbal and written negotiation and communications skills.

• Proficient in Microsoft Office applications.

• Highly developed problem-solving, analysis, and decision-making skills.