Procurement Specialist
Vishay Intertechnology, Inc.
Key Responsibilities:
Qualifications:
- Supplier Sourcing & Management: Identify, evaluate, and establish strong relationships with new and existing suppliers to meet the company's needs for raw materials, components, and services.
- Cost Optimization: Negotiate pricing and delivery schedules with suppliers to achieve cost-effective procurement solutions without compromising quality. Continuously evaluate cost-saving opportunities and implement best practices for procurement efficiency.
- Contract Management. Negotiate terms, manage requirements and contract renewals.
- Inventory Management: Collaborate with key stakeholders to setup commercial deals to best suit business requirements.
- Supplier Performance Management & Tracking: Monitor and assess supplier performance, tracking key performance indicators (KPIs) such as on-time delivery, quality, and cost efficiency. Work with suppliers to address any performance issues.
- Risk Management: Identify and mitigate supply chain risks such as Single Sourced, material shortages, supplier delays, or disruptions. Ensure continuity of supply to prevent production downtime.
- Cross-functional Collaboration: Work closely with production, quality control, engineering, and finance teams to align procurement activities with production needs and overall business objectives.
- Compliance & Documentation: Ensure all procurement activities comply with company policies, regulatory standards, and industry best practices. Maintain accurate records and documentation for all procurement transactions.
Qualifications:
- Education:
- Bachelor's degree in Supply Chain / Procurement or similar business profession.
- CIPS qualified is desired
- Experience:
- Minimum of 3 years of experience in procurement or supply chain management, preferably in a manufacturing or industrial setting. Semi-Conductor experience is a bonus.
- Proven experience in negotiating with suppliers, managing Supplier relationships, and handling purchase orders.
- Skills & Abilities:
- Strong negotiation, communication, and interpersonal skills.
- Excellent organisational skills with attention to detail and accuracy.
- Knowledge of procurement software and ERP systems (e.g. SAP, Oracle, or similar).
- Ability to work effectively under pressure and manage competing priorities.
- Understanding of manufacturing processes and inventory management techniques.
JOB SUMMARY
Procurement Specialist
Vishay Intertechnology, Inc.
Newport
a day ago
N/A
Full-time
Procurement Specialist