Purchasing Manager
Job Description
The Purchasing Manager has the direct and indirect responsibility for all part & product sourcing related to sellable and manufactured goods for LPS, as well as providing leadership (LMA) to the Reverse Engineering function which is responsible for developing aftermarket products.
You and your team serve as the primary contact for vendors and are responsible for managing existing relationships as well as building connections with new prospective vendors. You are responsible to ensure all purchasing activities are done at the right time, at the right quantity, and at the right price to maintain appropriate stock levels.
This is a full-time position which reports to the Director of Supply Chain.
Objectives & Goals (What does success look like?)
A successful Purchasing Manager at LPS is driven by accomplishing the following:
- Maintain Quarterly Rocks to support Continuous Improvement, focused on both departmental and professional growth.
- Maintaining an in-stock percentage of 99.0% or higher for the top 50 items which produce majority of our gross profit.
- Vetting of vendors to ensure an ideal source is used, which meets all LPS requirements.
- Reduce COG (cost of goods), through active and regular negotiations with vendors.
- Improve and protect the LPS culture within the department and throughout the company.
Accountabilities:
- Lead, Manage, and hold direct reports Accountable for their responsibilities.
- Analysis / Reporting
- Oversee Purchasing
- Oversee Product Development
- Vendor Relationships
Responsibilities:
- Maintain strong working relationships with all vendors.
- Communicate well and respond in a timely manner.
- Review purchasing agreements with vendors and continuously maintain open lines of communication.
- Stay up to date with industry trends.
- Growth / Improvement mindset.
- Compare product deliveries with issued purchase orders and reconcile with vendors when there are discrepancies.
- Monitor orders and ensure timely delivery.
- Update internal databases with order details (dates, vendors, quantities, discounts, etc.).
- Ensure all top selling products have multiple RFQ’s (Request for Quote) and conduct a review to ensure product cost is in line with trends and supports LPS product offerings strategy.
- Maintain updated records of invoices and contracts, as necessary.
- Liaise with warehouse staff to ensure all products arrive as expected.
- Model and reinforce company culture.
- Set and maintain re-order points and preferred stock levels.
Qualifications / Other Requirements
- College degree or equivalent experience.
- Previous experience in a purchasing or procurement position is required and management experience is a plus; must demonstrate leadership skills.
- General knowledge of purchasing systems, including Word, Excel, G Suite, Magento, NetSuite and other relevant systems.
- Able to establish priorities, direct others, work independently, and proceed with department objectives with minimal supervision.
- Able to define, simplify, and ensure department processes are followed by all.
- Communication and relational skills are required.
- Support the mission, vision, and values of Loader Parts Source.
- Possess strong problem-solving skills while using good judgment.
- Able to find solutions, and overcome obstacles.
Company Description
Who we are:
Loader Parts Source (LPS) is a growing company serving the skid loader repair industry. We were founded in 2008 and have since expanded into 3 buildings, all located in Elkhart, IN. We utilize EOS as our operating system and are driven to create leaders, not just at LPS, but in all aspects of life.
Who we are: Loader Parts Source (LPS) is a growing company serving the skid loader repair industry. We were founded in 2008 and have since expanded into 3 buildings, all located in Elkhart, IN. We utilize EOS as our operating system and are driven to create leaders, not just at LPS, but in all aspects of life.