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Onsite - Work onsite all of the time

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Sourcing Manager Peter Paul Electronics Co., Inc. Occupation: Purchasing Managers

Location: New Britain, CT - 06051 Positions available: 1

Job #: 1242490 Work At Home option: Not Specified

Posted: 4/10/2024 Updated: 4/12/2024 Expires: 6/9/2024

Source: CTHires Site: CTHires

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Job Requirements

Job Properties

Job Description

Position Overview - We are seeking an experienced and strategic Sourcing Manager to join our Production Control team. The Sourcing Manager will be responsible for developing and implementing effective sourcing strategies, negotiating contracts, and managing supplier relationships to ensure the timely and cost-effective procurement of goods and services. The ideal candidate will have a strong background in procurement, excellent negotiation skills, and the ability to build and maintain strong supplier partnerships.

Essential Job Functions

Establish key performance metrics driving purchased item performance in the areas of on-time-delivery, service quality, cost, quality/compliance, supply chain responsiveness and speed.
Strategic Sourcing / Purchasing / Procurement: Adopt “best in class” purchasing practices to establish replenishment strategies that optimize inventory, PPV and customer value. Reduce lead times and costs while improving responsiveness to customer needs. Support product development and transfer initiatives with new materials, suppliers.
Identify potential suppliers, conduct market research, and analyze industry trends to ensure a competitive advantage in sourcing.
Evaluate and qualify suppliers based on their capabilities, quality, reliability, and cost-effectiveness.
Build and maintain strong relationships with key suppliers, conducting regular performance reviews and addressing any issues or concerns.
Negotiate favorable terms and conditions with suppliers, including pricing, delivery schedules, payment terms, and quality standards.
Draft, review, and finalize contracts, ensuring compliance with legal and organizational requirements.
Transportation / Logistics: Reduce transportation costs across the supply chain by leveraging optimization models, carrier contractual agreements, freight consolidation strategies, etc.
Continuously monitor and analyze costs, market trends, and supplier performance to identify opportunities for cost savings and process improvements.
Implement cost reduction initiatives without compromising products or service quality.
Support product development activities to optimize “make-vs-buy” sourcing decisions for new products, and to support speed-to-market by balancing new sourcing investment versus risk of forecast uncertainty.
Identify and assess potential risks in the supply chain and develop mitigation strategies.
Stay informed about geopolitical, economic, and industry-specific factors that may impact the supply chain.
Collaborate with team, including operations, finance, and quality, to align sourcing strategies with overall business objectives.
Work closely with other departments to ensure sourcing processes support organizational needs.
Any additional duties assigned by the Manager.

Additional Job Functions

Participate in company problem resolution teams.
Participate in company Kaizen events.

Key Results Areas (KRA’s)

Build, Improve, and maintain supplier relationships
Improve supplier quality processes and decrease PPM by 20%
Achieve Supplier OTD of 95%
Achieve less than 5% variance to PPE budget annually
Safety-No near misses/OSHA Recordable Accidents

Essential Skills and Experience

BS in Business, Supply Chain Management, or related field.
Minimum of 3 years’ experience, preferably in a manufacturing environment.
Superior communication, negotiation, interpersonal and organizational skills.
Computer knowledge, specifically within MS Office.
In-depth knowledge of procurement processes, sourcing strategies, and contract management.
Familiarity with industry-specific regulations and compliance standards is a plus.
Ability to make sound decisions and accept responsibility.
Ability to work well with others.
Analytical mindset and proficiency in data analysis.
Ability to work in a fast-paced environment and manage multiple priorities.

Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

Needs to occasionally move about inside the office to access file cabinets, office machinery, etc.
Must be able to constantly operate a computer and other office productivity machinery such as a calculator, copier, and printer.
This position requires frequent communication with vendors, customers, and internal staff. Must be able to exchange accurate information in these situations.
Required to have close visual acuity to perform an activity such as: preparing and analyzing data and figures, transcribing, viewing a computer terminal, and extensive reading.

Employer Research

Peter Paul Electronics Co., Inc.
Is a Private Sector employer
https://www.peterpaul.com

Company Profile:
(Confidential)

100-249 employees

Jobs from this Employer

See all jobs from Peter Paul Electronics Co., Inc.

Location/Work Site Information

Address: 480 John Downey Drive, New Britain, CT 06051

Work At Home option:

Public Transportation Accessible:

Yes

Location/Work Site Industry (NAICS):

Fluid Power Valve and Hose Fitting Manufacturing (332912)

Cost of Living:

View cost of living information based on this location

Compensation and Hours

Salary Range: Not Available DOE (Depends on Experience) Benefits Provided: 401K, Dental, Holidays, Life Insurance, Medical, Tuition Assistance, Vacation, Vision Other Benefits: Not Available Full or Part Time: Full Time (30 Hours or More) Job Duration: Over 150 Days Type of Job: Regular

Day Shift

Evening/Swing Shift

Night/Graveyard Shift

Rotating Shift

Split Shift

Flexible Shift

12AM

12PM

Hours per Week:
40

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Work Experience

Minimum Experience Required: 24 months

Education and Training

Minimum Education Level Required: High School Diploma or Equivalent

Required License/Certification: No

Related Education Opportunities

Skills Required

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