Electronic Components Raw Materials Buyer

Overview:The Buyer will perform purchasing of electronic components for manufacturing/production. The key functions include team/vendor communication and evaluation, and inventory forecasting and control. The Buyer will operate in a hands-on role executing purchasing of raw material electronic components from international suppliers.Responsibilities:• Develop and maintain effective relationships with existing suppliers; evaluate and select new vendors. Work with suppliers to reduce order quantities while increasing order frequency to help with working capital and reduce risk on obsolescence issues.• Proactively improve supplier On-Time Delivery. Identify supplier key metrics and implement improvement processes.• Participate in the sales and operations planning process to ensure incoming material meets product volume and mix requirements.• Participate in the design for manufacturing and value analysis/value engineering initiatives.• Purchase and manage resources/vendors and all inventories (FG, WIP, Raw) to achieve team and business goals to support manufacturing.• Maintain strong lines of communication with teammates, vendors, accounting, IT, QA, customer service and distribution to ensure that all ideas and issues are addressed.• Maintain all material control-related systems to reflect changes of internal and external customer demand.• Optimize and balance inventory levels to maximize key metrics; inventory turns, component availability and cost, transportation costs; limit excess and obsolete inventory.• Ensure that materials are purchased at lowest cost, in specified quantity and quality, within scheduled dates while maintaining or improving component quality.• Make recommendations on material cost reductions, value analysis, and value engineering opportunities driving analysis and approval.• Follow-up and expediting of vendor deliveries when necessary.• Develop and maintain accurate standard costs for all purchase components and assemblies.• Advise management of industry competitive situations, alternative supply sources, commodity price trends and supply/demand situations.• Perform all above duties in accordance with applicable directives and company policies.Qualifications:• BS degree preferred, in materials management, business, or logistics a plus• Minimum of 4+ year of experience of purchasing of electronic components as raw materials in a manufacturing company.• Experience working with raw material suppliers ensuring best price of raw materials.• Demonstrated ability to work in and be challenged by a team-based environment, which places a high degree of emphasis on accountability for customer service levels, inventory management, cost reduction, and quality compliance.• Effective verbal and written negotiation and communications skills.• Proficient in Microsoft Office applications.• Highly developed problem-solving, analysis, and decision-making skills.