Purchasing Manager

$60,000 - $65,000/Yr

CME Group - Warwick, RI

Full-time - Mid Level

Remote - Warwick, RI

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

CME Corp is seeking a Purchasing Manager to oversee the daily operations of the Purchasing Department. This role involves managing a team of remote employees, ensuring efficient purchasing processes, and maintaining vendor relationships. The Purchasing Manager will report to the Director of Customer Service & Purchasing and will be responsible for the end-to-end purchasing cycle, including creating purchase orders, monitoring deliveries, and resolving issues related to orders and pricing discrepancies.

Responsibilities

• Manage the Purchasing Team consisting of Buyers, Purchasing Assistants, and Project Specialists.
• Maintain department staff by recruiting, selecting, orienting, and training employees.
• Monitor and evaluate employee performance, providing feedback and coaching, and executing formal performance reviews.
• Oversee the end-to-end purchasing cycle including creating POs, maintaining PO confirmations, and monitoring shipments and deliveries.
• Maintain relationships with vendors and suppliers, delegating tasks for vendor follow-up on purchase orders and confirming product deliveries.
• Screen new vendors and create contract vendor codes and profiles in the A-Plus system.
• Coordinate product prioritization, scheduling, and planning for purchased products.
• Handle escalated issues and complex problems concerning orders, pricing discrepancies, and adjustments, facilitating corrective processes.
• Collaborate and maintain frequent communication with Sales, Customer Service, Warehouses, Installation, and Accounting departments.

Requirements

• Associate degree required; Bachelor's degree preferred.
• 5+ years of purchasing experience working within a computerized business platform.
• 3+ years in a managerial role.
• Strong knowledge and understanding of purchasing procedures.
• Strong interpersonal skills and ability to deal effectively with all levels of employees and management.
• Excellent verbal and written communication skills.
• Experience using Microsoft products, particularly advanced experience in Excel and Outlook.

Nice-to-haves

• Strong problem-solving skills with a solution-oriented focus.
• Ability to multitask in a fast-paced work environment.

Benefits

• Medical, Dental & Vision insurance
• Paid time off (PTO) including vacation, sick leave, and 11 paid holidays
• Employer-Paid Life Insurance
• 401(k) Retirement Plan
• Employee Stock Ownership Plan
• Flexible Spending Account
• Voluntary Benefits including Critical Illness, Supplemental, AD&D, and Long Term Disability
• Tuition Reimbursement
• Referral Bonus Program
• Employee Assistance Program