Regional Purchasing Manager, Replenishment an

$95,000 - $105,000/Yr

Ferraro Foods Of New Jersey - Piscataway, NJ

Full-time - Mid Level

Piscataway, NJ

About the position

The Purchasing Manager - Replenishment and Inventory Value Focus is a critical role within Ferraro Foods, responsible for managing and optimizing the replenishment process and inventory value for both food and non-food items. This position plays a vital part in ensuring that the food service operations have timely and efficient restocking of inventory, which is essential for meeting customer demands and maintaining operational efficiency. The Purchasing Manager will monitor supplier performance, maintain optimal stock levels, and maximize inventory value, all while ensuring that the replenishment strategies align with the company's financial targets and business goals. In this role, the Purchasing Manager will develop and implement replenishment strategies that guarantee consistent product availability. This involves closely monitoring inventory levels and forecasting future needs based on sales data and market trends. Collaboration with sales and operations teams is crucial to understand demand patterns and adjust replenishment plans accordingly. The manager will utilize inventory management systems to track stock levels, manage reorder points, and implement best practices for inventory control to minimize excess stock and stockouts. Cost and inventory value management are also key responsibilities of this position. The Purchasing Manager will analyze the impact of replenishment items on availability, develop and manage the replenishment budget, track expenses, and identify cost-saving opportunities. Monitoring and optimizing inventory value is essential, ensuring that stock levels align with financial targets. The manager will implement cost-control measures and ensure adherence to the budget while maintaining quality assurance standards for all replenished items. Data analysis and reporting are integral to this role, as the Purchasing Manager will utilize data analysis tools to track purchasing patterns, inventory value, and supplier performance. Regular reports on procurement activities, inventory value, supplier performance, and cost savings will be generated, providing insights and recommendations to improve replenishment processes and inventory value. Additionally, the Purchasing Manager will lead and mentor the purchasing team, fostering a collaborative and positive work environment while conducting performance reviews and providing ongoing training and development opportunities.

Responsibilities

• Develop and implement replenishment strategies to ensure consistent availability of products.
• Monitor inventory levels and forecast future needs based on sales data and market trends.
• Collaborate with sales and operations teams to understand demand patterns and adjust replenishment plans accordingly.
• Utilize inventory management systems to track stock levels and manage reorder points.
• Implement best practices for inventory control to minimize excess stock and stockouts.
• Coordinate with warehouse and distribution teams to ensure efficient stock movement and storage.
• Analyze and assess the impact on the availability of replenishment items.
• Develop and manage the replenishment budget, track expenses, and identify cost-saving opportunities.
• Monitor and optimize inventory value, ensuring stock levels align with financial targets and business goals.
• Implement cost-control measures and ensure adherence to the budget.
• Ensure all replenished items meet required quality and safety standards.
• Work closely with the quality assurance team to address any quality issues with suppliers.
• Participate in regular audits and inspections to maintain compliance with industry regulations.
• Utilize data analysis tools to track purchasing patterns, inventory value, and supplier performance.
• Generate regular reports on procurement activities, inventory value, supplier performance, and cost savings.
• Provide insights and recommendations based on data analysis to improve replenishment processes and inventory value.
• Lead and mentor the purchasing team, providing guidance and support to achieve department goals.
• Conduct performance reviews and provide ongoing training and development opportunities.
• Foster a collaborative and positive work environment.

Requirements

• Bachelor's degree in business administration, Supply Chain Management, or a related field.
• 5+ years of experience in purchasing or procurement, preferably in the food service industry.
• Strong negotiation and contract management skills.
• Excellent analytical and problem-solving abilities.
• Proficient in procurement software and Microsoft Office Suite (Excel, Word, PowerPoint).
• Strong communication and interpersonal skills.
• Ability to work under pressure and manage multiple priorities.
• Knowledge of food safety regulations and standards is a plus.