Buyer Ii
CurrentWhile holding this position, I am actively engaged in leading a team of two highly skilled professionals and effectively managing all buying operations. I actively track inventory utilization and accordingly conduct forecast for accurate identification of material requirement to support seamless production operations. I methodically fulfill material requirements by identifying competitive vendors, tendering RFQs, comparatively analyzing different quotations, negotiating prices as per EAUs and KANBAN release quantities, and securing deals. I methodically utilize strategic sourcing analysis to effectively manage risks, develop abatement plans, negotiate supplier costs, track supplier performance, and develop realistic plans to resolve inventory issues. I actively pursue competitive edge by enhancing supply chain and sourcing parts at competitive prices from vendors with the ability to provide value added services.Some of my notable contributions are given below:• Reduced fabrication labor times by 8% by outsourcing components and saving $9K.• Designed inventory grading/inventory reorder Excel workbook to reduce over buying and highlight required items.• Led electric motor project, generating savings of $400K from previous $1.72M spend with previous motor supplier.• Improved market share through improved product quality, decreased lead time, and reduced production/labor cost.• Reduced spend and achieved 1% cost saving YoY for inventory purchasing of two CA and PA based facilities with average yearly spend of $7M by leveraging strategic sourcing initiatives.• Identified $4.9M in spend and saved $713K over the course of five years, achieving 85% savings realization from project savings estimates.
