Purchasing Manager

Mid-South Metal Products - Collierville, TN

Full-time - Mid Level

Collierville, TN

Fabricated Metal Product Manufacturing

About the position

The Purchasing Manager at VersaTube is responsible for overseeing the procurement process, managing vendor relationships, and ensuring a seamless supply chain across multiple manufacturing facilities. This role involves strategic decision-making, collaboration with cross-functional teams, and the implementation of best practices in procurement to enhance efficiency and cost-effectiveness. The Purchasing Manager will play a crucial role in the company's success by optimizing procurement strategies and fostering long-term supplier partnerships.

Responsibilities

• Develop and implement procurement strategies and policies for cost optimization and enhancing supply chain efficiency.
• Identify, evaluate, and select suppliers based on quality, reliability, cost-effectiveness, and adherence to ethical and sustainability standards.
• Negotiate contracts and terms with suppliers to ensure favorable pricing and mutually beneficial agreements.
• Conduct market research and analysis to stay updated on industry trends, supplier capabilities, and pricing fluctuations.
• Manage supplier relationships, including ongoing performance evaluation, issue resolution, and fostering long-term partnerships.
• Optimize centralizing and decentralizing opportunities.
• Implement procurement systems and tools to streamline processes and enhance efficiency.
• Source and negotiate with potential suppliers, assess their capabilities, and evaluate their suitability based on predefined criteria.
• Continuously evaluate and improve procurement practices, including identifying cost-saving opportunities and process enhancements.
• Develop and maintain procurement metrics to track performance, identify areas for improvement, and report on sourcing effectiveness.
• Implement sustainable and socially responsible strategic sourcing practices, including supporting local suppliers and promoting ethical sourcing.
• Stay updated on regulatory requirements and ensure compliance with applicable laws and regulations related to sourcing activities.
• Work closely with accounting to ensure purchase orders are received and closed out/billed timely at the end of the month.
• Work closely with plant managers to monitor inventory levels and forecast future purchasing needs to prevent shortages or overstock.

Requirements

• Strong steel industry experience.
• Willingness and ability to perform all tasks associated with purchasing from completing Purchase Orders to long-term contract negotiations.
• Proven excellent negotiation skills.
• Strong leadership skills.
• 5+ years of experience as a successful Purchasing Manager.
• In-depth knowledge of procurement principles, strategies, and best practices.
• Strong skills in budgeting, cost optimization, and negotiation techniques.
• Knowledge of vendor management and inventory management systems.
• An analytical mind with excellent communication and interpersonal skills.
• Ability to work collaboratively with cross-functional teams.
• Willingness to work in a fast-paced and competitive environment.

Benefits

• Health insurance
• Dental insurance
• 401(k)
• Paid time off
• Vision insurance
• 401(k) matching