Purchasing Specialist (Hybrid)
The mission of the New Products Purchasing Specialist is to coordinate all activities involved in the procurement and delivery of products and services required via the Bright Air® Innovation process. The focus will be on insuring consistent on-time, cost effective delivery of all goods and service to Bright Air's Customers with an emphasis on improving the company's financial position through cost management and supplier partnerships.
Responsibilities
Supplier Management
Monitor and forecast upcoming levels of demand - eliminating supply constraints and impact of new product execution
Establish and manage liability requirements for component and finish goods with supply partners as they pertain to new product introductions
Manage supplier expectation in respect to forecast, volumes, and timing required to meet company objectives
New Product Sourcing
Closely collaborate with internal and external partners, including Marketing, Sourcing, and Development teams to drive new product launches and meet dates/quantities required by sales
Manage the component costing from concept-to-launch execution of all new product launches from a product development and product marketing point of view.
Routinely measure results against the identified objectives & establish mitigation plans if the target objectives are not being satisfied.
Participate in required NPD team meetings
Track and report costing updates for all assigned NPD project during regularly scheduled team update meetings
Works collaboratively with Supply Chain Operations
Sourcing Management
Initiate initial purchase of new products and support supply chain and operations departments in purchase order logistics.
Negotiate pricing with vendors to meet business requirements and convert product designs and specifications into physical product.
Make supplier recommendations based on total cost analysis—item cost, quality, delivery timing, and program timing.
Cost Management
Analyze and calculate costs of procurement and suggest methods to decrease spend.
Negotiate with vendors and suppliers to ensure profitable cost
Perform cost analysis and benchmarking of current and potential products.
Understand and predict possible shifts in negotiating power of raw material suppliers
Execute Standard cost build for assigned product lines
Track all cost associate with New Product Development and impact of changes through Innovation Process.
Identify appropriate MOQs for costing that meet the needs of the business and management of component financial liability
Continuous Improvement:
Identify opportunities to reduce cost of components on new product programs that support increased competitive costing
Maintain a continuous learning program for professional growth and development and maintain a professional network of business relationships inside and outside the company to achieve business objectives.
Proactively benchmark cost & ensure cost competitiveness of all supply/logistics cost including cost reduction efforts.
Support and fully engage in our company Values and Guiding Principles.
Requirements
2+ years’ experience working with sourcing product from international suppliers.
Understanding of cost engineering and the impact of commodities and raw materials on unit costs.
Experience in negotiation and an understanding of negotiation strategy.
Strong skills in analysis, high level of attention to detail, comfortable with numbers and spreadsheets.
Proficiency with MRP/ERP software platforms (NetSuite preferred) and Microsoft Office suite (Outlook, Excel, and Word) required.
Exposure to consumer packaging and injection molding a plus.
Travel
Ability to travel up to 10%
Environmental Factors & Physical Requirements
Applicant must have the ability to move freely throughout our partner’s manufacturing plants and distribution centers.