Sr Buyer

What we offer: At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are. Group Summary: Magna is an innovative leader in the development and manufacturing of high quality complete seating systems. Our solution includes seating structures, mechanisms and hardware, as well as foam and trim products for global automotive, heavy truck and bus industries. Our capabilities include market and consumer research; full concept development; design and engineering capabilities; testing, validation and world-class manufacturing. Our award-winning seating solutions are developed from consumer research, finding the ease of operation to be comfortable, convenient and connected. Job Responsibilities Independently purchases assigned materials, supplies, and equipment for a program team in accordance with company policies and procedures in order to meet company objectives. Provides resource knowledge, recommendations, and direction to program teams. Generally, completes the following duties and responsibilities with the support of purchasing management. Essential Duties and Responsibilities Generally assigned to high complexity commodities. Develops and utilizes knowledge of commodities and supplier cost structures to achieve cost reduction and price negotiation objectives, including but not limited to market testing, resourcing, VA/VE activities, and target pricing in conjunction with Strategic Purchasing objectives. Presents and implements strategies, with management approval, to achieve company and program cost reduction objectives utilizing negotiations and VA/VE, in accordance with standard operating procedures. Assists purchasing management with the development of presentations on negotiation strategies for executive management. Supports Program Management with sourcing activities for the program teams and completes bid recap for key stakeholder approval, based on program cost, quality and technology requirements, program milestones, and Strategic Purchasing direction. Communicates business awards to suppliers. Utilizes commodity and cost driver knowledge to ensure pricing for design revisions are equitable and competitive with the global market. Challenges supplier responses and negotiates pricing with suppliers for new business awards and engineering changes. Establishes pricing in a timely manner (before implementation) completing all necessary documentation. Maintains information on supplier piece cost, revision levels, and capacity. Manages the resolution of problems in supplier performance such as quality and delivery with the JIT Plants. Consults and collaborates with personnel in various engineering, purchasing, and costing activities relative to program requirements. Conducts effective communications within the project team and the customer, supplier, manufacturing and quality communities with guidance from purchasing management and senior purchasing personnel. Maintains all appropriate documentation. Determines the appropriate course of action, during RFC process, in assigning whether an RFC should be an estimate, directional or firm quotation. Supports Program Management via RFC/PCN process with program teams and suppliers. Assures all quote information is entered into Agile / PLM+ for processing. Actively pursues cost reductions from the supply base in support of department business plan goals Conducts supplier capacity studies and validates all suppler commercial impacts. Manages the coordination of the supplier resource activity between the JIT plant and supplier. Supports Internal / External Audit efforts regarding ISO 9001:2015, IATF 16949 Certification for remote site location (Group Office). Qualifications To perform this job successfully, an individual must be able to perform each essential duty and responsibility satisfactorily. The requirements listed below are representative of the knowledge, skill, ability and/or physical demands required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Education Bachelor’s degree (or bachelor’s equivalency) in Business Administration or related field; or combination of equivalent education and work experience. Experience/Special Knowledge/Skills Five (5) years preferred of diversified purchasing, costing, or related experience. Specialized knowledge in a particular commodity. Ability to apply quantitative analysis skills with a fundamental understanding of material, labor, burden structures, and cost drivers. Ability to develop and implement comprehensive commodity strategies to reduce costs and ensure effective supplier performance. Knowledge and experience in using cost reduction tools including global sourcing, VA/VE, Kaizen. Working knowledge of statistical methods, i.e. APQP, DFSS. Product knowledge in automotive parts or material commodities. Strong communication skills: verbal and written. Strong organizational skills and the ability to successfully complete multiple tasks within established and changing deadlines. Demonstrated successful performance with independent problem solving. Proficient with word processing, spreadsheet and database applications. Awareness, Unity, Empowerment At Magna, we believe that a diverse workforce is critical to our success. That’s why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email or traditional mail to comply with GDPR requirements and your local Data Privacy Law. AI-Assisted Screening Disclosure As part of our commitment to a fair, consistent, and efficient recruitment process, we may use artificial intelligence (AI) tools to assist in the initial screening of applications submitted through our Workday system. These tools help identify qualifications and experience that align with the role requirements. Please note that AI is used solely to support our recruiters. Final decisions are always made by the hiring manager and the hiring team. Importantly, no applicant data is shared externally through these AI tools. All information remains securely within our systems and is handled in accordance with our privacy and data protection policies. Under conditions defined by applicable law, you may have the right to request an explanation of how AI is used to support decision-making. If you have any questions or concerns about this process, feel free to contact our Talent Attraction team. Worker Type: Regular / Permanent Group: Magna Seating We see a future where everyone can live and move without limitations. That’s why we are developing technologies, systems and concepts that make vehicles safer and cleaner, while serving our communities, the planet and, above all, people. In the right environment, your ideas can turn into industry-changing automotive technologies and improve the lives of people around the world. Let’s create the future of mobility, together. Learn more about us: Sustainability Innovation Interview-Tips #J-18808-Ljbffr