Junior Buyer

Job Description

Job Description

Key Responsibilities:

• Develop and implement inventory control procedures to ensure accurate tracking of inventory levels and transactions
• Monitor inventory levels and usage patterns to ensure that inventory is maintained at optimal levels
• Work closely with production, purchasing, and accounting departments to reconcile inventory records and identify discrepancies
• Prepare inventory reports and analysis, including inventory turnover, stock-out rates, and obsolete inventory level
• Perform regular physical inventory counts and reconcile discrepancies
• Develop and maintain relationships with vendors and suppliers to ensure timely and accurate delivery of goods
• Work closely with Procurement Coordinators and the Receiving Teams
• Issue POs for approved Requisitions as needed to support Purchasing Coordinators
• Work with vendors\suppliers on competitive quotes
• Identify opportunities for process improvement and cost savings in inventory management
• Ensure compliance with all inventory-related regulatory requirements and standards
• Collaborate with Storeroom Supervisor to ensure receipts and inventory accuracy.
• Set up new storeroom items in IFS systems

Qualifications:

• Bachelor's degree in business administration, supply chain management, or related field-- Preferred
• 2-3 years of experience in, purchasing, inventory management, procurement or related field
• Strong analytical and problem-solving skills
• Experience with inventory management software and systems
• Excellent communication and interpersonal skills
• Detail-oriented and highly organized
• Ability to work independently and as part of a team
• Familiarity with regulatory requirements related to inventory management, such as SOX, preferred.