JOB DESCRIPTION

Key Responsibilities:

Supplier Management:

• Develop and maintain strong relationships with key suppliers.
• Negotiate pricing, terms, and delivery schedules with suppliers.
• Evaluate and select new suppliers to meet company needs for raw materials, components, and finished goods.
• Monitor supplier performance metrics to ensure they meet quality, cost, and delivery requirements.

Purchasing Operations:

• Oversee the procurement process from order creation to delivery and payment, ensuring compliance with company policies and procedures.
• Review and approve purchase orders, contracts, and payment schedules using the ERP system.
• Collaborate with the planning team to maintain a daily expediting program, ensuring on-time deliveries.
• Track and report on key purchasing metrics, supplier performance, and delivery timelines to ensure procurement KPIs are met.

Procurement Strategy:

• Develop and implement strategic sourcing initiatives to optimize procurement costs and ensure the timely delivery of materials and components.
• Conduct market analysis to identify new opportunities for cost reduction and efficiency improvements.

Inventory Management:

• Collaborate with production planning and inventory strategy teams to ensure efficient inventory levels, reduce excess stock, and minimize shortages.
• Implement just-in-time (JIT) or other inventory management strategies to reduce holding costs and improve workflow.

Cross-functional Collaboration:

• Work closely with engineering and production teams to understand material requirements for new product designs and manufacturing processes.
• Assist the quality assurance department in ensuring suppliers meet all necessary certifications, standards, and regulatory requirements.
• Work closely with business systems team to ensure smooth integration of procurement data with other functional areas for better cross-functional alignment.

Data Analysis and Reporting:

• Utilize ERP and advanced data analytics tools to analyze procurement data, identify trends, and generate reports that provide actionable insights.
• Monitor procurement performance using KPIs, helping to drive continuous improvements in procurement processes.
• Prepare detailed analytical reports for senior management to inform decision-making and process improvements.

Continuous Improvement:

• Identify opportunities for process improvement in the procurement cycle and implement best practices.
• Stay up to date with industry trends, market conditions, and new technologies related to pressure control equipment manufacturing.

Qualifications:

• Education:
  • Bachelor's degree in supply chain management, Business Administration, Engineering, or a related field. A master's degree or relevant certifications (e.g., CPM, CPIM) is a plus.
• Experience:
  • Minimum of 5 years of experience in a purchasing or procurement role, with at least 2 years in a managerial capacity within a manufacturing environment, preferably in pressure control equipment or related industries.
  • Extensive experience working with ERP systems, particularly Oracle Cloud or similar ERP systems, to manage procurement operations.
• Skills:
  • Advanced knowledge of procurement processes, vendor negotiations, and contract management.
  • Strong proficiency in Oracle Cloud or similar ERP systems.
  • Excellent analytical skills and experience in data-driven decision-making, especially in large-scale procurement and manufacturing environments.
  • Strong communication and interpersonal skills to interact with suppliers, team members, and senior management.
  • Knowledge of supply chain and inventory management techniques, particularly in a manufacturing setting.
• Personal Traits:
  • Excellent negotiations skills with effective communication skills.
  • Results-driven and able to thrive in a fast-paced environment.
  • Detail-oriented with a strong organizational skill.
  • Problem-solving mindset with a focus on cost optimization, operational efficiency, and continuous improvements.

Competitive Benefits (visit usbenefits.nov.com for more information about our benefits offerings)

• 401(k) Retirement Plan - NOV matches every dollar up to 5% of base pay and overtime for every dollar you invest.
• Competitive medical plans that cover your entire family (yourself, eligible spouse, and eligible children) as of your first date of hire for as little as $139 per pay period (bi-weekly.)
• FREE preventative medical and dental care for the entire family (when enrolled in an NOV medical/dental plan and seeing an in-network physician).
• FREE Basic Life and AD&D insurance (for full-time employees).
• All regular full-time employees start with 3 weeks of paid vacation per year (prorated based on start date).
• All regular full-time employees receive up to 11 paid holidays per year.