Procurement Specialist

Position Overview: 

As a dedicated member of the procurement team, the successful candidate will be responsible for meticulously managing the setup and maintenance of purchased items within the Oracle system. This role involves ensuring all item attributes are correct, which is critical for material planners to execute procurement actions effectively. The incumbent will be tasked with configuring items with the appropriate Blanket Purchase Agreements (BPAs) and sourcing rules to streamline procurement workflows. Additionally, they will be charged with keeping BPAs up-to-date with the latest pricing and volume discounts, as well as ensuring supplier lead times in Oracle reflect current performance levels to maintain a smooth supply chain operation.

In this multifaceted role, the individual will also develop strategic sourcing plans for electronic components and motors, conduct market research, and work collaboratively across departments to align sourcing strategies with the company's overarching goals. They will cultivate and strengthen supplier relationships, drive cost-saving measures, and provide valuable input to New Product Development (NPD) teams. Furthermore, the role encompasses managing the sourcing setup and enrichment process, verifying MBOMs for production accuracy, and overseeing the Oracle system configurations to guarantee operational readiness and cost efficiency in procurement processes.

Responsibilities:

• Diligently oversee the setup of purchased items in Oracle, confirming all necessary attributes are accurate to enable material planners to effectively carry out procurement actions based on system-generated buy messages.
• Ensure that all items are configured with the appropriate Blanket Purchase Agreements (BPAs) and sourcing rules in Oracle, facilitating material planners to seamlessly execute their procurement tasks as indicated by buy messages.
• Maintain and update Blanket Purchase Agreements (BPAs) in Oracle with the latest pricing and volume price breaks, guaranteeing that purchase orders are issued to suppliers reflecting accurate and current pricing terms.
• Regularly update Oracle with supplier lead times to ensure they accurately represent the vendors' most recent performance and delivery commitments, thereby sustaining an efficient and dependable supply chain process.
• Confirm that Oracle is accurately configured with the correct order multiples, optimizing for the best price breaks and lead times to achieve cost efficiency and timely procurement.
• Develop strategic sourcing plans for electronic components and motors in line with company specifications and production needs.
• Undertake market research to identify potential suppliers, negotiate terms, and evaluate their performance.
• Collaborate across departments to ensure that sourcing strategies are well-integrated with company goals.
• Maintain and enhance supplier relationships, including conducting performance reviews and promoting continuous improvement.
• Drive cost-saving initiatives through strategic sourcing and analyzing the total cost of ownership.
• Contribute sourcing knowledge to New Product Development (NPD) teams, aligning with product design requirements.
• Manage the sourcing setup and enrichment process in the GXA Warehouse through Oracle and Windchill systems.
• Load quote information from Windchill into Oracle for accurate data management.
• Create and update Blanket Purchase Agreements (BPA) and sourcing rules to improve procurement efficiency.
• Confirm or correct the source and template choices to ensure optimal sourcing configurations.
• Verify and rectify the Manufacturing Bill of Materials (MBOM) as needed for production accuracy.
• Process P33 tasks to load and validate BOM information into Oracle, ensuring consistency and accuracy for production readiness.
• Update planner codes and set Oracle status to OPSRELEASE, which indicates that items are ready for production.

Knowledge, Skills and Abilities:

• Bachelor’s degree in Engineering, Business, Supply Chain Management, or related field.
• Minimum of 5 years of experience in sourcing, especially in electronic components and motors.
• Proven negotiation skills and a track record of achieving significant cost savings.
• Skilled in Oracle and Windchill, as well as other relevant ERP/PLM systems.
• Strong analytical, problem-solving, and project management capabilities.
• Excellent communication skills with the ability to independently navigate a fast-paced work environment.

Preferred Qualifications:

• Experience in the power tools or lifting equipment industry.
• Advanced degree or professional supply chain management certifications.