Senior Buyer

Position Summary

About the Company:

ITT, headquartered in Stamford, CT, operates competitively in more than 35 countries with sales in approximately 125 countries and partners with customers to deliver enduring solutions to the key industries that underpin our modern way of life. The company generated 2021 revenues of $2.8 billion.

ITT operates through three Value Centers (business units):

Industrial Process designs and manufactures pumps, valves, monitoring and control systems, water treatment and aftermarket services for the chemical, oil and gas, mining and other industrial process markets, as well as global service capabilities;

Motion Technologies designs and manufactures brake pads, shock absorbers and sealing solutions for the automotive and rail markets;

Connect and Control Technologies designs and manufactures harsh-environment connectors and critical energy absorption and flow control components primarily for the aerospace, defense and industrial markets.

Summary:

The Senior Buyer will use their procurement skills to source, qualify, and develop new suppliers. The senior buyers will have the opportunity to engage in relationships with existing suppliers. This relationship is integral to ensuring optimal pricing and aligning with business needs.

Essential Responsibilities

• Create, implement, and maintain strategic sourcing strategies for specific commodity  portfolio

• Conduct spend analysis, supplier assessment and supplier selection

• Identify and deliver opportunities for cost reduction driving savings in line with overall business expectations ensuring targets for cost reduction.

• Negotiate and manage cost models for suppliers (price, volume discounts, commodity cost forecasts and cost drivers, etc.)

• Ensure appropriate performance measurements (Quality, Cost and Delivery) of supply base and feedback of results.

• Purchase and negotiate price, lead time, and net terms for assigned commodities

• Continuously improve vendor and commodity knowledge by visiting current and prospective suppliers

• Work as part of the new product introduction (NPI) team to understand the scope and needs of each new product while working with production, engineering, and vendors to gather all data (costing, lead times, terms, make vs buy analysis, technical docs, etc.) necessary for a successful new product launch.

• Evaluate vendor quotes and prepare structured business award recommendations to internal stakeholders

• Enter Procurement orders into the MRP system and work with suppliers to change dates (expedite or push out) as required

• Work with vendors and Finance to clear up any issues with invoices to avoid interruptions with material supply.

• Research and evaluate areas of opportunity to reduce costs and inventory by negotiating favorable business/service agreements with suppliers (consignment/VMI)

• Perform corrective actions with suppliers as required to ensure they are meeting delivery on time and quality goals.

Position Requirements

• Bachelor's Degree (Business, Operations, Supply Management or Engineering) preferred or equivalent experience.

• 7-10 years of experience in Procurement or Supply Chain Management

• Proficient level of expertise of areas such as commodity markets and RFI/RFQ benchmarking, and the use of strategic analysis tools

• Must be ERP Subject matter expert.

• Very strong Excel skills and be able to perform V lookups and create complex pivot tables, charts, and graphs at a minimum

• Must have an ability to read and understand technical documents and engineering drawings.

• Strong negotiation, oral and written communication skills, excellent analytical, planning, and process development skills, strong business judgement, and high level of initiative are all required

• Demonstrated ability to articulate logical and persuasive arguments across the organization is required

This position requires use of information which is subject to the International Traffic in Arms Regulations (ITAR). All applicants must be U.S. persons within the meaning of ITAR. ITAR defines a U.S. person as a U.S. Citizen, U.S. Permanent Resident (i.e. 'Green Card Holder'), Political Asylee, or Refugee.

Safety is a core value at ITT. Our employees understand and follow all ITT safety policies and procedures, participate in workplace inspections, safety training, and in the development of job safety analyses.

ITT Corporation is an Equal Opportunity/Affirmative Action employer and all qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, protected veteran or disability status, or any other characteristic protected by law.

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Equal Pay Act Statement

We aim to pay our 'ITT'ers' fairly and competitively in the locations that they live and work. Pay-for-performance is a principle that we believe in, and employees are rewarded based not only on 'what' they accomplish, but also on 'how' they reflect ITT's values. ITT offers a competitive salary and robust total rewards package, such as health insurance, 401(k), short and long-term disability, paid time off, growth and developmental opportunities, and other incentive compensation programs. Specific benefits are dependent upon whether or not the position is part of a collective-bargaining agreement. The salary offered to a candidate is based several factors such as candidate experience and qualifications, location, as well as market and business considerations.

Equal Pay Act Range

Annual Salary Range $90,100.00 - $134,700.00 plus benefits and incentive plans.