Buyer-Planner

Buyer-Planner

Working at IPG Photonics you can expect challenging projects, a motivating and friendly environment, and competitive benefits.

We are seeking a highly organized and detail-oriented Buyer-Planner to join our company's supply chain team. The Buyer-Planner will play a critical role in ensuring the timely availability of materials and components required for production and distribution.

The ideal candidate will have strong analytical skills, a solid understanding of supply chain management principles, and the ability to effectively collaborate with various stakeholders to optimize inventory levels and minimize costs. As a Buyer-Planner, you will contribute to the efficiency and success of our operations by overseeing material planning, forecasting, inventory control, and supplier management processes.

Job Function:

• Develop and implement effective material planning strategies to ensure an uninterrupted supply of materials and components for production and distribution.
• Collaborate with cross-functional teams, including procurement, production, sales, and logistics, to forecast material requirements and align them with production schedules and customer demands.
• Monitor inventory levels, analyze demand patterns, and adjust material orders and schedules accordingly to optimize inventory turns and minimize stock outs and excess inventory.
• Conduct regular analysis of historical data, market trends, and supplier performance to improve accuracy in demand forecasting and maintain optimal inventory levels.
• Coordinate with suppliers to ensure on-time delivery of materials, resolve any supply issues, and maintain strong relationships to secure favorable pricing and terms.
• Implement and maintain effective inventory control systems, including the use of inventory management software, to track material movements, monitor stock levels, and minimize carrying costs.
• Evaluate and identify opportunities for process improvements and cost reductions in material planning and inventory management, and lead or contribute to continuous improvement initiatives.
• Prepare regular reports and key performance indicators (KPIs) related to material planning, inventory levels, supplier performance, and other relevant metrics.
• Stay updated on industry trends, technological advancements, and regulatory requirements related to material planning and supply chain management.

• Bachelor's degree in supply chain management, logistics, business administration, or a related field. A master's degree is a plus.
• 5+ years of experience as a Buyer-Planner, Production Planner, or in a similar role within a manufacturing or distribution environment.
• Experience with fabricated parts and ability to read CAD drawings
• Strong knowledge of supply chain management principles, including material planning, demand forecasting, inventory control, and supplier management.
• Proficiency in using inventory management software and advanced Excel skills for data analysis and reporting.
• Excellent analytical and problem-solving abilities with a keen attention to detail.
• Effective communication and interpersonal skills to collaborate with cross-functional teams and build relationships with suppliers.
• Ability to work under pressure, prioritize tasks, and meet deadlines in a fast-paced and dynamic environment.
• Strong organizational and time management skills, with the ability to multitask and handle multiple projects simultaneously.
• Knowledge of lean manufacturing principles and experience with process improvement methodologies such as Six Sigma is a plus.
• Degree in business, logistics, inventory management, or a related field preferred.