Purchasing Manager

$88,000 - $88,000/Yr

Powder Solutions Group - Chanhassen, MN

Full-time - Mid Level

Chanhassen, MN

Merchant Wholesalers, Durable Goods

About the position

The Purchasing Manager will oversee the procurement process, manage supplier relationships, and ensure that purchasing activities align with company goals. This role requires expertise in supply chain management, inventory control, and contract management to optimize purchasing strategies and drive cost efficiencies.

Responsibilities

• Develop and implement procurement strategies and policies for cost optimization and enhancing supply chain efficiency.
• Conduct market research and analysis to stay updated on industry trends, supplier capabilities, and pricing fluctuations.
• Report on unusual market trends or problems and recommend corrective action.
• Identify, evaluate, and select suppliers based on quality, reliability, cost-effectiveness, and adherence to ethical and sustainability standards.
• Utilize the Vendor Management process to source and negotiate with potential suppliers, assessing their capabilities and evaluating their suitability based on predetermined criteria.
• Negotiate contracts and terms with suppliers to ensure favorable pricing and mutually beneficial agreements.
• Collaborate with internal stakeholders to understand their requirements and align procurement activities with organizational goals.
• Prepare and present reports on procurement activities, performance metrics, and cost savings.
• Update weekly metrics for PPS and PSI.
• Actively participate in bi-weekly PSI meetings.
• Lead and direct the work of the Purchasing Assistant including hiring, onboarding, and overseeing performance.
• Manage supplier relationships, including ongoing performance evaluations, issue resolution, and fostering long-term partnerships.
• Communicate with vendors and PSM personnel to exchange information, investigate complaints, resolve discrepancies, and clarify issues related to purchase orders, invoices, and payments.
• Develop and maintain a variety of records including annual contracts, catalogs, and purchasing history.
• Monitor inventory levels, analyzing demand patterns and implementing inventory management strategies to manage stock levels.
• Price products based on company strategy.
• Coordinate and process all weekly inventory replenishment orders to ensure adequate inventory is available as needed.
• Inspect all BFM crate arrivals for quality and accuracy.
• Ensure all pricing is appropriate for both PPS and PSI products.
• Work directly with suppliers to procure new inventory items and update internal systems accordingly.
• Identify opportunities for process improvement and constructively make suggestions for that improvement.
• Maintain a safe and clean working environment by complying with procedures, rules, and regulations.

Requirements

• Bachelor's degree in business administration, accounting, economics, or related field.
• Minimum of 3 years of procurement experience, preferably in a mechanical, fabrication, or Process Engineering field.
• Detail-oriented with strong organizational and time management skills.
• Excellent listening, verbal, and written communication skills.
• Commercial awareness and ability to negotiate the best supplier partnerships.
• Demonstrates aptitude and precision working with numbers.
• Knowledge of industry-specific regulations and compliance requirements.
• Strong leadership and mentorship skills.

Nice-to-haves

• Experience in mechanical, fabrication, or Process Engineering fields.
• Familiarity with Vendor Management processes.

Benefits

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible schedule
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Prescription drug insurance
• Professional development assistance
• Referral program
• Vision insurance