Purchasing Manager

The Purchasing Manager is responsible for supervising and leading a team of purchasing associates, ensuring cost-effective purchases and the efficient use of company resources, and optimizing inventory levels to meet customer demand and maximize profitability of the organization.

Responsibilities:

• Procurement Strategy - develop the future direction of the purchasing department to optimize the purchasing process, adopt new technology to enhance purchasing efficiencies and enhance the overall outcome of purchasing for Hydraquip.
• Own and enforce company policies and procedures pertaining to the purchase of inventory and non-inventory material and other relevant procurement activities.
• Establish and maintain standards for the upkeep of accurate current and historical records and system data pertaining to supplier pricing, discounting, and other relevant procurement information.
• Develop and report on key performance indicators (KPIs) and measurements related to inventory management and supplier performance.
• Manage purchase requisitions from the sales staff to ensure alignment with company policies, goals, and budgetary constraints.
• Make certain that purchasing documents are completed properly and the terms and conditions of purchase are appropriate.
• Responsible for the procurement of a select number of product lines.
• Team Leadership:
• Oversee and manage the daily activities of the purchasing team, set clear expectations, provide guidance, and ensure that team members understand their roles and responsibilities.
• Participate in the recruitment and hiring process for the purchasing team, selecting qualified candidates. Develop and implement training programs to enhance the skills and knowledge of team members.
• Conduct regular performance evaluations and provide feedback to team members. Establish key performance indicators (KPIs) and track team performance against set targets.
• Support and participate in the organization’s continual improvement program and conform to ISO 9001:2015 requirements by complying with the Quality Policy and procedures and meeting Quality Management System objectives.
• Other duties as assigned.

Requirements

EDUCATION AND TRAINING

• Bachelor's degree in industrial distribution, technical field, business administration, management, or a related field preferred.
• Completed certificate in Effective Inventory Management or similar course is preferred.

• Experience as described below may be accepted in lieu of education.

EXPERIENCE

• Three (3) to five (5) years of experience in purchasing, distribution or related field.

• Education as described above may be accepted in lieu of experience.
• Experience working in an ISO 9001 environment is considered a plus.

KNOWLEDGE AND SKILLS

• Proven experience in procurement and supply chain management.
• Strong negotiation and communication skills.
• Knowledge of procurement software and tools.
• Familiarity with relevant laws and regulations.
• Strong analytical and quantitative skills, with the ability to collect, organize, analyze, and interpret data to make informed decisions.
• Leadership and team management skills.
• Able to communicate effectively before groups of customers, vendors, and groups of customers and employees of organization.
• Proficient in performing numerical calculations involving discounts, interest rates, fractions, and percentages.
• Knowledgeable in Microsoft Office Suite (Word, Excel, Outlook).

Benefits

We offer a competitive salary and benefits package, including medical, dental, vision, life and disability insurance, and 401(k) plans with company match. A unique benefit Hydraquip offers as part of Employee Owned Holdings, Inc. is an employee stock ownership plan.

What is an ESOP?

ESOP is a special retirement program that allows employees to own stock in the company. When you join EOHI, you automatically begin investing in your future (without having to purchase shares). We are a high growth company committed to training our employee owners to develop their skills and advance in their careers.

- Studies also show that retirement account balances for ESOP companies are 2.5 times higher.

- ESOP companies grow 2.5 times faster than those companies without employee ownership.

- Research shows employee owned companies are superior in performance, employee benefits and employee morale because everyone is working towards a common goal.