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Regal Rexnord Corp

Planner Buyer, Senior

Regal Rexnord Corp, Cambridge, MD, United States

Senior Planner Buyer

Position Summary

The Senior Planner Buyerplays a crucial role in managing and optimizing the procurement and inventory processes within an organization.They are responsible for overseeing the planning and purchasing activities to ensure the timely and cost-effective acquisition of materials and services. This role involves strategic planning, supplier negotiation, and inventory management to support the company's operational goals.

Salary Range: $75,000 - $100,000

Responsibilities

Procurement Management:

  • Negotiate contracts and terms with suppliers to secure the best prices and quality.

  • Develop and maintain relationships with key suppliers and vendors.

Inventory Control:

  • Monitor inventory levels to ensure optimal stock without overstocking.

  • Implement inventory management strategies to reduce costs and improve efficiency.

Planning and Scheduling:

  • Create and manage production schedules to meet customer demand.

  • Coordinate with various departments to align production plans with business objectives.

Financial Analysis:

  • Conduct financial analyses to evaluate cost-saving opportunities.

  • Prepare budgets and forecasts related to procurement and inventory.

Compliance and Reporting:

  • Ensure compliance with company policies, industry standards, and legal regulations.

  • Prepare and present reports on procurement activities and performance metrics.

Continuous Improvement:

  • Participate in cross-functional projects to enhance operational efficiency.

  • Recommend improvements to procurement processes and systems.

  • Source and negotiate with suppliers to secure high-quality materials at competitive prices.

  • Develop and maintain strong relationships with key suppliers to ensure a reliable supply chain.

  • Monitor and manage inventory levels to prevent shortages or overstock situations.

  • Implement inventory control systems to optimize stock levels and reduce carrying costs.

  • Create and manage production schedules to align with customer demand and production capacity.

  • Coordinate with production, engineering, and quality teams to ensure timely and efficient manufacturing processes.

  • Analyze and manage procurement budgets to achieve cost savings.

  • Conduct cost-benefit analyses to support decision-making in purchasing and inventory management.

  • Ensure that all purchased materials meet the required quality standards and specifications.

  • Analyze production capacity and constraints within SAP to balance workload and adjust schedules as necessary.

  • Monitor production progress within SAP and identify potential bottlenecks or delays, taking proactive measures to address them. Communicate any changes to relevant stakeholders and ensure date alignment between SAP and Oracle

  • Work closely with the quality control team to address any issues related to supplier quality.

  • Utilize ERP systems to track and analyze procurement and inventory data.

  • Prepare and present reports on procurement activities, inventory status, and supplier performance.

  • Identify opportunities for process improvements in procurement and inventory management.

  • Lead or participate in cross-functional projects aimed at enhancing operational efficiency.

Experience and Skill Required

  • Bachelor's degree in supply chain management, business administration, or a related field. (preferred)

  • 5+ years of experience in procurement, supply chain management, or a related field within a manufacturing environment.

  • Proficiency in ERP systems (SAP and ORACLE) and inventory management software.

  • Strong analytical abilities to assess data and make informed decisions.

  • Ability to identify and resolve issues related to procurement and inventory management.

  • Excellent negotiation and communication skills to interact effectively with suppliers and internal teams.

  • Knowledge of lean manufacturing principles and continuous improvement methodologies.

Physical Requirements and Work Environment

  • Must be able to lift up to 50 pounds occasionally, up to 25 pounds frequently to constantly.

  • Must be able to constantly stand or sit for long periods of time as necessary in the work area.

Regal Rexnord is committed to providing market-competitive compensation and benefits, maintaining and ensuring a work environment that reflects our Regal Rexnord Values and culture everywhere we operate. We focus on providing a comprehensive, competitive benefits package that supports our associate's health, wellness, educational endeavors, and financial stability.

Paid Time Off:

Regal Rexnord provides a Personal Leave allowance and a flexible approach to providing Holiday Leave so Associates can enjoy and observe the events that matter most in their lives.

Professional Development:
Professional advancement and personal growth are important to everyone. Regal Rexnord believes in cross-training and collaboration so our Associates can readily transition as needed.

We strive to support employees to continuously update their skills so they are more satisfied with their work and motivated to continue learning so all can be a part of contributing to the collective success of Regal Rexnord.

  • Tuition reimbursement and continuing education allowance

  • Monthly onsite training programs

Retirement Plans:
We offer a 401(k) Retirement savings Plan with matching contributions without a waiting period.

Medical Benefits:
We provide some of the most competitive benefits in the industry.

  • Medical, Dental, and Vision Coverage - Effective Day 1

  • Short Term and Long-Term Disability 100% company paid

  • Life and Accidental Death & Dismemberment Insurance

  • Critical Illness, Accident Insurance, Hospital Indemnity

  • Flexible Spending Account (FSA) & Health Savings Plan (HSA)

Family Benefits:

  • Paid Parental Leave

  • Paid Family Leave

  • Adoption Assistance up to $10,000 per adoption

  • Expanded Fertility Benefits

Employee Assistance Program

Annual Safety Equipment Allowance (Rx glasses, safety shoes/boots, welding helmet & jacket)

Work Environment and Community:

  • Onsite gym and FIT Wellness Program

  • Insurance premium discount incentives for Wellness Program Participation

  • Employee referral program

  • Education Scholarships

  • Quarterly MVP awards

  • Regular community involvement and volunteer activities

  • Fun Associate and family-oriented events throughout the year including the Annual Crab Feast

Benefits

  • Medical, Dental, Vision and Prescription Drug Coverage

  • Spending accounts (HSA, Health Care FSA and Dependent Care FSA)

  • Paid Time Off and Holidays

  • 401k Retirement Plan with Matching Employer Contributions

  • Life and Accidental Death & Dismemberment (AD&D) Insurance

  • Paid Leaves

  • Tuition Assistance

About Regal Rexnord

Regal Rexnord is a $6.5B publicly held global industrial manufacturer with 30,000 associates around the world who help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company's electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power industrial applications. The Company's automation offering, comprised of controls, actuators, drives, and precision motors, controls motion in applications ranging from factory automation to precision control in surgical tools.

The Company's end markets benefit from meaningful secular demand tailwinds, and include factory automation, food & beverage, aerospace, medical, data center, warehouse, alternative energy, residential and commercial buildings, general industrial, construction, metals and mining, and agriculture.

Regal Rexnord is comprised of three operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. Regal Rexnord has offices and manufacturing, sales and service facilities worldwide. For more information, including a copy of our Sustainability Report, visit RegalRexnord.com.

Equal Employment Opportunity Statement

Regal Rexnord is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex/gender, sexual orientation, gender identity, age, ancestry, national origin, marital status, citizenship status (unless required by the applicable law or government contract), disability or protected veteran status or any other status or characteristic protected by law. Regal Rexnord is committed to a diverse and inclusive workforce. We are committed to building a team that represents diverse and inclusive backgrounds, perspectives, and skills. If you'd like to view a copy of the company's affirmative action plan or policy statement, please email Recruiting@RegalRexnord.com. If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application, please e-mail Recruiting@RegalRexnord.com.

Equal Employment Opportunity Posters

Notification to Agencies: Please note that Regal Rexnord Corporation and its affiliates and subsidiaries ("Regal Rexnord") do not accept unsolicited resumes or calls from third-party recruiters or employment agencies. In the absence of a signed Master Service Agreement or similar contract and approval from HR to submit resumes for a specific requisition, Regal Rexnord will not consider or approve payment to any third-parties for hires made.