Procurement Analyst

ROLE PURPOSE/ POSITION SUMMARY

As a Procurement Analyst for MSI Express, you will play a crucial role in ensuring efficient customer material planning and optimizing organizational MRO (Maintenance, Repair, and Operations) consolidation opportunities. Your primary responsibilities will involve vendor/supplier management, cost management, and material flow to and within our facilities. By analyzing procurement data, identifying cost-saving opportunities, and implementing effective strategies, you will contribute significantly to the success and growth of our organization.

KEY ACCOUNTABILITIES/PRIMARY DUTIES & RESPONSIBILITIES

Customer Material Planning:

• Collaborate with sales and demand planning teams to understand customer needs and forecast requirements accurately.
• Analyze customer order patterns and historical data to optimize inventory levels and maintain optimal stock availability.
• Ensure timely procurement and delivery of raw materials and finished goods to meet customer demand and keep production lines up.

MRO Consolidation and Optimization:

• Identify opportunities for consolidating MRO purchases to streamline procurement processes and achieve cost savings.
• Collaborate with various departments to understand MRO requirements and standardize purchasing practices.
• Implement effective inventory management techniques to avoid stock outs and overstock situations.

Vendor/Supplier Management:

• Evaluate and maintain relationships with existing vendors/suppliers, ensuring adherence to quality, delivery, and pricing standards.
• Conduct supplier performance evaluations and negotiate favorable terms to maximize value for the organization.
• Source new suppliers when necessary, conduct supplier audits, and perform due diligence.

Cost Management:

• Monitor and analyze procurement data to identify cost-saving opportunities and areas for process improvement.
• Develop and implement cost reduction strategies without compromising quality or service levels.
• Track cost trends, fluctuations, and market dynamics to proactively address potential issues.

Material Flow Optimization:

• Optimize the material flow from suppliers to our facilities, ensuring efficient and timely deliveries.
• Collaborate with logistics and warehouse teams to streamline material handling and inventory management processes.
• Identify bottlenecks and implement solutions to improve overall material flow efficiency.

Data Analysis and Reporting:

• Collect, analyze, and interpret procurement data to generate meaningful reports and insights.
• Present findings to key stakeholders and management, providing recommendations for process improvements and cost optimization.

Any other relevant tasks as assigned.

PEOPLE MANAGEMENT RESPONSIBILITIES

This position currently has zero (0) direct reports.

QUALIFICATIONS/ CAPABILITY PROFILE

Minimum Education

High school diploma- Essential

Bachelor’s degree in related field- Desirable

Minimum Experience/Knowledge/ Skills/

Proven experience in procurement, vendor management, and cost optimization within the food manufacturing or related industry.-Essential

Strong analytical skills with the ability to interpret data and draw actionable conclusions.- Desirable

Familiarity with MRO consolidation techniques and inventory management best practices.- Desirable

Excellent communication and negotiation skills for effective vendor interactions.- Desirable

Proficiency in using procurement and supply chain software and tools.- Desirable

Detail-oriented with a proactive approach to problem-solving.- Desirable

Ability to work collaboratively in a team-oriented environment.- Desirable

Strong organizational and time management skills to handle multiple priorities effectively.- Desirable

Benefits:

• 401(k)
• Dental insurance
• Disability insurance (salary req only)
• Health insurance
• Life insurance
• Vision insurance
• Pet Insurance
• Accident Insurance
• Critical Illness Insurance

Company's website:

www.msiexpress.com

COVID-19 Precaution(s):

• Personal protective equipment provided
• Sanitizing, disinfecting, or cleaning procedures in place