Strategic Purchasing Manager

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Salary: $120,000 - $150,000 per year

Based out of the Budd Lake/Mt, Olive, NJ area, we are seeking a Strategic Purchasing Manager to join our growing team..

100% paid medical benefits

3 weeks Vacation

3% 401K Safe Harbor Plan

Job Details:

We are seeking a highly skilled and experienced Strategic Purchasing Manager to join our dynamic team in the Ingredient Manufacturing industry. This role is pivotal to our company's success, as the ideal candidate will be responsible for leading and executing strategic purchasing initiatives, managing supplier relationships, implementing pricing strategies, and driving cost reduction efforts. The successful candidate will have a deep understanding of the market trends, a keen eye for detail, and the ability to work in a fast-paced, high-pressure environment.

Responsibilities:

1. Develop and implement strategic purchasing plans to meet the company's business goals and objectives.
2. Manage relationships with suppliers, negotiate contracts, and ensure high-quality products at the most cost-effective prices.
3. Implement pricing strategies to optimize cost savings and ensure competitive pricing in the market.
4. Conduct market research to understand trends and fluctuations, and use this information to predict future pricing and market conditions.
5. Identify opportunities for cost reduction and lead initiatives to achieve these savings without compromising quality or service.
6. Collaborate with other departments such as production, sales, and finance to ensure alignment with company strategies and goals.
7. Monitor supplier performance and conduct regular supplier evaluations to ensure compliance with company standards.
8. Lead, mentor, and develop the purchasing team, fostering a culture of continuous improvement and high performance.
9. Stay updated with the latest purchasing and procurement methodologies and technologies.

Qualifications:

1. Bachelor's degree in Business, Supply Chain Management, or a related field. A Master's degree will be a plus.
2. Minimum of 5 years of experience in a purchasing or procurement role, preferably in the Manufacturing industry.
3. Proven track record of implementing successful purchasing strategies and driving cost reduction initiatives.
4. Strong negotiation skills and experience managing supplier relationships.
5. Excellent understanding of market dynamics and sound business judgement.
6. Ability to work independently, prioritize tasks, and manage multiple projects simultaneously.
7. Strong analytical skills with the ability to analyze data and make informed decisions.
8. Proficiency in procurement software and Microsoft Office Suite.
9. Excellent communication and leadership skills.
10. Professional certification in Purchasing or Supply Chain Management will be an advantage.

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