What are the responsibilities and job description for the Procurement Specialist position at Standard Aero?
As a Procurement Specialist at StandardAero's Houston, TX MRO location, you will play a key role in sourcing and negotiating the best quality products, goods, and services for the company, ensuring the most economically advantageous outcomes. Your responsibilities will include reviewing and contributing to specifications, sourcing credible suppliers, negotiating prices and contracts, and managing supplier performance. You will be integral in maintaining the efficiency and cost-effectiveness of our procurement activities.
What You Will Do:
- Obtain and review quotes through various processes, from informal RFQs to full tendering and evaluation.
- Collaborate with other business areas to prepare business cases for capital expenditure requests, developing specifications with suppliers and end users while controlling costs.
- Initiate purchase orders and work with suppliers to monitor and expedite delivery; follow up with suppliers to resolve delivery, quality, or cost issues.
- Analyze performance measures for assigned inventory and supplies, including stock levels, inventory turns, aged inventory, due date compliance, shortages, and cost savings opportunities.
- Engage with and obtain agreement from key stakeholders regarding Supply Chain contract implementation.
- Strive to lower material costs, improve supplier quality and delivery, and reduce the supplier base through supplier rationalization projects.
- Pursue supplier consolidation or tiered supplier models and negotiate contracts to achieve cost reductions and optimal terms and conditions.
Basic Qualifications:
- Must be authorized to work in the U.S.
- High School Diploma or GED
- Minimum 5 years of professional experience sourcing, tendering, supplier relationship management, and contract negotiation.
Preferred Qualifications:
- Bachelor's degree in Business Administration, Finance, or Supply Chain Management
- Strong analytical, organizational, interpersonal, decision-making, conflict resolution, and communication skills.
- Experience in an aviation and/or MRO environment.
Benefits that make life better:
- Comprehensive Healthcare Insurance
- 401(k) with a 5% company match, immediately vested.
- Paid Time Off starting on day one!
- Quarterly Bonus opportunities
- Health & Dependent Care Flexible Spending Accounts
- Short & Long-Term Disability Insurance
- Life & AD&D Insurance
- Career development and cross-training opportunities
About Us
Raising the Standard of Excellence since 1911
With over a century of proven excellence, StandardAero has become an industry leader in MRO services and customized solutions in the aerospace field. Our shared values and learning-based culture inspire our team to exceed their potential and power our customers' missions worldwide. With on-the-job training, advancement opportunities, and excellent benefits, StandardAero invites you to experience a fulfilling and meaningful career with us.
Inclusivity Is Our Standard
It is StandardAero's policy to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information. Our supportive environment celebrates diversity with no room for harassment or discrimination of any kind. We invite you to bring your authentic self to our team and experience our welcoming culture.
StandardAero is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race, color, sex, pregnancy, age, national or ethnic origin, religion, sexual orientation, gender identity or expression, transgender status, genetic information, status as a protected veteran, and basis of disability status or any other federal, state or local protected class.
What You Will Do:
- Obtain and review quotes through various processes, from informal RFQs to full tendering and evaluation.
- Collaborate with other business areas to prepare business cases for capital expenditure requests, developing specifications with suppliers and end users while controlling costs.
- Initiate purchase orders and work with suppliers to monitor and expedite delivery; follow up with suppliers to resolve delivery, quality, or cost issues.
- Analyze performance measures for assigned inventory and supplies, including stock levels, inventory turns, aged inventory, due date compliance, shortages, and cost savings opportunities.
- Engage with and obtain agreement from key stakeholders regarding Supply Chain contract implementation.
- Strive to lower material costs, improve supplier quality and delivery, and reduce the supplier base through supplier rationalization projects.
- Pursue supplier consolidation or tiered supplier models and negotiate contracts to achieve cost reductions and optimal terms and conditions.
Basic Qualifications:
- Must be authorized to work in the U.S.
- High School Diploma or GED
- Minimum 5 years of professional experience sourcing, tendering, supplier relationship management, and contract negotiation.
Preferred Qualifications:
- Bachelor's degree in Business Administration, Finance, or Supply Chain Management
- Strong analytical, organizational, interpersonal, decision-making, conflict resolution, and communication skills.
- Experience in an aviation and/or MRO environment.
Benefits that make life better:
- Comprehensive Healthcare Insurance
- 401(k) with a 5% company match, immediately vested.
- Paid Time Off starting on day one!
- Quarterly Bonus opportunities
- Health & Dependent Care Flexible Spending Accounts
- Short & Long-Term Disability Insurance
- Life & AD&D Insurance
- Career development and cross-training opportunities
About Us
Raising the Standard of Excellence since 1911
With over a century of proven excellence, StandardAero has become an industry leader in MRO services and customized solutions in the aerospace field. Our shared values and learning-based culture inspire our team to exceed their potential and power our customers' missions worldwide. With on-the-job training, advancement opportunities, and excellent benefits, StandardAero invites you to experience a fulfilling and meaningful career with us.
Inclusivity Is Our Standard
It is StandardAero's policy to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information. Our supportive environment celebrates diversity with no room for harassment or discrimination of any kind. We invite you to bring your authentic self to our team and experience our welcoming culture.
StandardAero is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race, color, sex, pregnancy, age, national or ethnic origin, religion, sexual orientation, gender identity or expression, transgender status, genetic information, status as a protected veteran, and basis of disability status or any other federal, state or local protected class.
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