Regional Purchasing Manager

Ferraro Foods - Piscataway, NJ

Full-time - Mid Level

Piscataway, NJ

5,001-10,000 employees

Merchant Wholesalers, Nondurable Goods

About the position

Ferraro Foods, a private equity-owned company with a rich history in the Italian food trade, is seeking a Purchasing Manager - Replenishment and Inventory Value Focus. This role is pivotal in managing and optimizing the replenishment process and inventory value for both food and non-food items. The Purchasing Manager will ensure timely and efficient restocking of inventory, monitor supplier performance, maintain optimal stock levels, and maximize inventory value to meet the demands of food service operations. The ideal candidate will possess strong analytical skills, effective communication abilities, and a talent for developing and maintaining positive relationships with suppliers and internal stakeholders. In this position, the Purchasing Manager will be responsible for developing and implementing replenishment strategies to ensure consistent product availability. This includes monitoring inventory levels and forecasting future needs based on sales data and market trends. Collaboration with sales and operations teams is essential to understand demand patterns and adjust replenishment plans accordingly. The role also involves utilizing inventory management systems to track stock levels and manage reorder points, implementing best practices for inventory control to minimize excess stock and stockouts, and coordinating with warehouse and distribution teams for efficient stock movement and storage. Additionally, the Purchasing Manager will analyze and assess the impact on the availability of replenishment items, manage the replenishment budget, track expenses, and identify cost-saving opportunities. Monitoring and optimizing inventory value is crucial, ensuring that stock levels align with financial targets and business goals. The role includes ensuring all replenished items meet required quality and safety standards, working closely with the quality assurance team to address any quality issues with suppliers, and participating in regular audits and inspections to maintain compliance with industry regulations. Data analysis and reporting are key components of 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 based on data analysis to improve replenishment processes and inventory value. Finally, the Purchasing Manager will lead and mentor the purchasing team, conducting performance reviews and providing ongoing training and development opportunities while fostering a collaborative and positive work environment.

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 the 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 the 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 that stock levels are aligned with financial targets and business goals.
• Implement cost-control measures and ensure adherence to the budget.
• Ensure all replenished items meet the 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.