Job Description
The Senior Buyer is tasked with leading procurement efforts, overseeing supplier negotiations, and making strategic decisions to ensure efficient operations and cost reductions.
Essential Duties and Responsibilities
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Procure Goods and Services: Identify, select, and procure merchandise that aligns with the company’s needs and specifications.
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Supplier Management: Develop and maintain relationships with suppliers, negotiating contracts and prices while ensuring quality and timely delivery.
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Inventory Control: Monitor inventory levels and reorder supplies as necessary, avoiding overstock and out-of-stock situations.
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Market Analysis: Keep up-to-date with market trends and product availability to make informed purchasing decisions.
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Cost Management: Seek the best combination of quality, price, payment terms, and delivery by comparing suppliers.
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Cost Analysis and Budget Management: Perform cost analysis and set appropriate benchmarks. Manage budgets and forecast procurement needs. Implement measures to reduce expenses and improve the company’s purchasing power.
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Experience/Education: Requires 3-5 years of solid experience in procurement practices, negotiation, and supplier management.
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Technical Knowledge: Advanced negotiation, cost analysis techniques, strategic sourcing tools, contract management software proficiency, and risk assessment skills.
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Cognitive Skills: Skilled in advanced negotiation, strategic supplier cost analysis, and project management. Must have a clear understanding of market trends, supplier capabilities, and risk management.
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Decision Making/Impact: Strategic decisions on supplier selection, contract negotiations, and costsaving measures for specific categories. Responsible for implementing procurement strategies.
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Supervision Received: Moderate to high. Operates with guidance from senior buyers or procurers, with more autonomy for routine purchases and negotiations.
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Skill Development: Focuses on negotiation, supplier evaluation, and purchase management. • Innovation and Continuous Improvement: Charged with developing and implementing strategies for cost reduction, quality improvement, and risk management. Advocates for sustainability and ethical sourcing initiatives.
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Preference given: APICS certifications, Six sigma, NetSuite experience
Competencies
- Planning/Organizing – Prioritizes and plans work activities; Uses time efficiently; Plans for additional resources; Sets goals and objectives; Organizes or schedules other people and their tasks; Develops realistic action plans.
- Professionalism – Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration regardless of their status or position; Accepts responsibility for own actions; Follows through on commitments.
- Quality – Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality.
- Quantity – Meets productivity standards; Completes work in timely manner; Strives to increase productivity; Works quickly.
- Dependability – Follows instructions; Responds to management direction; Takes responsibility for own actions; Keeps commitments; Commits to long hours of work when necessary to reach goals; Completes tasks on time or notifies appropriate person with an alternate plan.
Physical Demands
Standard office and laboratory environment
Office-based with flexibility per remote work policy