We are seeking a dynamic and experienced Procurement & Sourcing Manager to lead our purchasing and sourcing initiatives within the fastener industry. The ideal candidate will bring a strategic mindset to supplier management, cost optimization, and supply chain resilience. This role is integral to ensuring our operations remain competitive, efficient, and responsive to market trends.

A Day in the Life of a Procurement and Sourcing Manager

• Supplier Relationship Management: Build, maintain, and enhance relationships with both domestic and international suppliers to ensure quality, cost-effectiveness, and reliable delivery schedules.
• Strategic Sourcing: Develop and execute sourcing strategies that align with business objectives, focusing on improving product availability, reducing costs, and ensuring supply chain stability.
• Cost Analysis & Optimization: Identify cost-saving opportunities through competitive bidding, contract negotiation, and supplier performance evaluations.
• Market Analysis: Monitor industry trends, pricing fluctuations, and potential supply chain disruptions to proactively adjust procurement strategies.
• Data-Driven Decision Making: Utilize ERP systems and data analytics to track procurement performance, streamline processes, and enhance vendor performance.
• Cross-Functional Collaboration: Work closely with the operations, sales, and product development teams to forecast demand and align procurement activities with organizational goals.

Requirements of a Procurement and Sourcing Manager

• Industry Experience: Minimum of 5 years of procurement and sourcing experience specifically within the fastener industry (required).
• Technical Knowledge: Strong understanding of fastener specifications, supplier networks, and sourcing challenges unique to the industry.
• Negotiation Skills: Proven expertise in contract negotiation, cost analysis, and strategic vendor management.
• Technical Proficiency: Proficiency in ERP systems and advanced skills in Microsoft Excel for data analysis and reporting.
• Problem-Solving: Strong analytical skills with the ability to make data-driven decisions and solve complex supply chain issues.
• Communication: Excellent verbal and written communication skills, with the ability to influence stakeholders at all levels.

Preferred Qualifications:

• Experience with international sourcing and understanding of global trade regulations.
• Familiarity with lean manufacturing principles and supply chain optimization techniques.
• Professional certifications such as CPSM (Certified Professional in Supply Management) or equivalent.

Compensation of a Procurement and Sourcing Specialist

• Competitive salary with performance-based incentives.
• Opportunities for professional development and growth within the company.
• A collaborative work environment with a focus on innovation and continuous improvement.
• Comprehensive benefits package including health, dental, and retirement plans.

Equal Opportunity Employer:
We are an Equal Opportunity Employer committed to fostering an inclusive and diverse workplace.
IND123