Buyer I

Buyer Position

The Buyer is responsible for strategic sourcing, supplier selection, supplier performance, and inventory management for assigned product lines and suppliers.

Essential Duties and Responsibilities:

• Primary responsibility is stocking strategy execution (availability of product)
• Analyze and negotiate favorable payment terms, pricing, and delivery for parts assigned.
• Manage assigned parts to ensure maximum inventory turns and minimum inventory levels.
• Research, recommend, and negotiate best practice procurements.
• Team with Product Management to facilitate supplier selection through competitive bidding, leveraging business acumen and relationships, sourcing analysis, and negotiation skills.
• Act as a liaison between vendors and product managers to make critical investment decisions regarding inventory levels, product availability, market pricing, and unit costs.
• Continuously investigate and develop new competitive sources of supply for commercial and military aircraft parts.
• Check for common part buys with other contracts, open bids and sister companies.
• Inventory Management including performing physical counts of raw materials, hardware & components, and finished goods.
• Work with Production Staff & Managers to ensure practice of FIFO in regards to inventory consumption. Track usage of all inventory in required applications.
• Prepare and analyze accurate reports on COGS, inventory levels, anticipated purchases, etc. as required.
• Prepare Traveler packages per processed Sales Orders and Change Requests, and occasionally review, accept, and process Sales Order packages and Change Requests.
• Develop and negotiate LTA's (Long Term Agreements) that provide increased value to Wencor (reduces/contains cost, increases inventory turns, reduces lead-time, and increases quality and on-time delivery).
• Perform system downloads to analyze purchasing data.
• Perform on-site supplier capability audits.
• Update MRP system with lead times, catalog codes, and preferred vendors.
• Handle order management, which includes, but not limited to, placing PO's, entering quotes, updating lead-times, expediting and de-expediting deliveries, and communicating updates to internal customers.
• Review and contact vendors with their on-time delivery performance
• Do part to complete Quality Deficient Notice; procuring, RMA, and deciding if replacement or credit will be needed.
• Stay in close contact with sales in regards to price increase, lead time, ppl, and other information.
• On occasion negotiate freight responsibilities with the customers
• Manage and improve supplier performance, by engaging suppliers monthly to meet Quality, Delivery, Lead-time, and Cost goals.
• Perform other functions and duties as needed and/or assigned.

Other Knowledge, Skills, and Abilities:

• Professional certifications, such as CPM, are preferred.
• Negotiation skills
• Analytical Skills -- understand and calculate price breaks
• Strong Microsoft Office skills, including Excel, Word, PowerPoint, and ERP is a must
• Understand the products, applications, and platforms of key portfolio products
• Understand market pricing and competitor offerings (to ensure purchasing at best prices)

Education / Experience Requirements: Bachelor's degree (Supply Chain Management preferred) and three to five years related experience and/or training; or equivalent combination of education and experience. Product knowledge and procurement experience of aerospace military standard hardware.

Other Qualifications:

The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Language Skills: Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively before groups of customers or employees of organization.

Mathematical Skills: Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry.

Reasoning Ability: Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.

Physical Demands and Work Environment:

• Is occasionally required to stand; walk; reach with hands and arms; stoop, kneel, crouch, and crawl; and lift up to 10 pounds.
• Is frequently required to talk or listen.
• Works in moderate noise levels.
• Travel up to 30%.