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Buyer II

HEICO Corp

  • Peachtree City, GA
  • 14 days ago

    Highlights

    Develop and negotiate LTA''s (Long Term Agreements) that provide increased value to Wencor (reduces/contains cost, increases inventory turns, reduces lead-time, and increases quality and on-time delivery). Handle order management, which includes, but not limited to, placing PO''s, entering quotes, updating lead-times, expediting and de-expediting deliveries, and communicating updates to internal customers.
    HEICO Corp

    Numbers & Facts

    LocationPeachtree City, GA
    IndustryAerospace and Defense
    Company Size5,000 to 9,999 employees
    Year Founded1957
    Websitehttps://www.heico.com/

    Description

    Overview of the Position:

    The Buyer is responsible for strategic sourcing, supplier selection, supplier performance, and inventory management for assigned product lines and suppliers.

    Essential Duties and Responsibilities:

    • Primary responsibility is stocking strategy execution (availability of product)
    • Analyze and negotiate favorable payment terms, pricing, and delivery for parts assigned.
    • Manage assigned parts to ensure maximum inventory turns and minimum inventory levels.
    • Research, recommend, and negotiate best practice procurements.
    • Team with Product Management to facilitate supplier selection through competitive bidding, leveraging business acumen and relationships, sourcing analysis, and negotiation skills.
    • Act as a liaison between vendors and product managers to make critical investment decisions regarding inventory levels, product availability, market pricing, and unit costs.
    • Continuously investigate and develop new competitive sources of supply for commercial and military aircraft parts.
    • Check for common part buys with other contracts, open bids and sister companies.
    • Inventory Management including performing physical counts of raw materials, hardware & components, and finished goods.
    • Work with Production Staff & Managers to ensure practice of FIFO in regards to inventory consumption. Track usage of all inventory in required applications.
    • Prepare and analyze accurate reports on COGS, inventory levels, anticipated purchases, etc. as required.
    • Prepare Traveler packages per processed Sales Orders and Change Requests, and occasionally review, accept, and process Sales Order packages and Change Requests.
    • Develop and negotiate LTA''s (Long Term Agreements) that provide increased value to Wencor (reduces/contains cost, increases inventory turns, reduces lead-time, and increases quality and on-time delivery).
    • Perform system downloads to analyze purchasing data.
    • Perform on-site supplier capability audits.
    • Update MRP system with lead times, catalog codes, and preferred vendors.
    • Handle order management, which includes, but not limited to, placing PO''s, entering quotes, updating lead-times, expediting and de-expediting deliveries, and communicating updates to internal customers.
    • Review and contact vendors with their on-time delivery performance
    • Do part to complete Quality Deficient Notice; procuring, RMA, and deciding if replacement or credit will be needed.
    • Stay in close contact with sales in regards to price increase, lead time, ppl, and other information.
    • On occasion negotiate freight responsibilities with the customers
    • Manage and improve supplier performance, by engaging suppliers monthly to meet Quality, Delivery, Lead-time, and Cost goals.
    • Perform other functions and duties as needed and/or assigned.

    Other Knowledge, Skills, and Abilities:

    • Professional certifications, such as CPM, are preferred.
    • Negotiation skills
    • Analytical Skills -- understand and calculate price breaks
    • Strong Microsoft Office skills, including Excel, Word, PowerPoint, and ERP is a must
    • Understand the products, applications, and platforms of key portfolio products
    • Understand market pricing and competitor offerings (to ensure purchasing at best prices)

    About Company

    HEICO Corporation is a successful and growing technology-driven aerospace, industrial, defense and electronics company. For more than 60 years, HEICO has thrived by providing customers with innovative and cost-saving products and services. HEICO's products are found on large commercial aircraft, regional, business and military aircraft, as well as on a large variety of industrial turbines, targeting systems, missiles and electro-optical devices. HEICO Corporation is a New York Stock Exchange listed company (NYSE: HEI and HEI.A) and has also been ranked as one of the 100 "World's Most Innovative Growth Companies", 100 "Best Small Companies" and 200 "Hot Shot Stocks" by Forbes over the past decade. With headquarters in Hollywood, Florida, and multiple locations around the world - HEICO provides over 1 million square feet of design, manufacturing, repair, overhaul, distribution, sales and support capabilities. HEICO Corporation operates in two segments, the Flight Support group and the Electronic Technologies group. The Flight Support group designs, engineers, manufactures, repairs, distributes and overhauls FAA-approved parts that extend over the entire aircraft, from the engines all the way to hydraulic, pneumatic, electromechanical, avionic, structures, wheels and brakes and even interiors. The Electronic Technologies group produces electrical and electro-optical systems and components serving niche segments of the aerospace, defense, communications, and computer industries. The Electronic Technologies group is a worldwide leader in the design, manufacture and sale of electrically and electro-optical engineered products used in the aerospace, defense, space, and electronics industries. By combining state-of-the-art technologies, a team of highly skilled Team Members and an indisputable commitment to quality, both segments have constantly delivered invaluable solutions to customers over the years, helping to position them as leaders within their industries.

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