Buyer - Oe Projects

About ITT:
ITT is an industrial manufacturer of critical, engineered components that serve fast-growing end markets in transportation, flow, energy, aerospace and defense. The company’s differentiation is sustained through a combination of several factors: execution, the quality of its leadership and our DNA as an engineering leader. We have a clear purpose as an organization: to provide our customers with cutting-edge solutions to help solve their most critical needs.

The company generated 2023 revenues of $3.3 billion and is comprised of three distinct segments:

- ** Motion Technologies** ($1.5B revenue) is a global leader in brake pads, shock absorbers and sealing solutions for the automotive and rail markets
- ** Industrial Process** ($1.1B revenue) is a global leader in centrifugal and twin-screw pumps for the chemical, energy, mining and industrial markets

ITT is headquartered in Stamford, Connecticut with over 10,000 employees in more than 35 countries and sales in approximately 125 countries.

Position Summary:
Manage and procure inventory levels required to meet shipment and operations objectives through manufacturing or purchasing procurement. Interface with Suppliers and Manufacturing personnel as required to meet/exceed Customer Service requirements. Support Marketing lead time requirements for all IP Models. Manage a pre‐determined value of Inventory. Manage service and production parts.

Essential Responsibilities:

- Review daily order reports to identify product requirements:

- Supplier open order report
- Supplier salvage report
- Supplier OTP report
- Supplier portfolio management
- Realize savings report
- Contracting & negotiating with assigned suppliers
- Create purchase orders
- Modify existing purchase orders
- Other activities as part of sourcing system for a wide range of mechanical parts
- Development of strategic sourcing concept
- Expedite deliveries
- Work with suppliers to balance capacity and requirements to satisfy OTP and inventory levels
- Review, evaluate and make disposition of excess and obsolete inventory
- Execute ECN materials actions
- Manage and reconcile inventory discrepancies due to lost parts and supplier non-conformance issues
- Manage supplier/manufacturing stocking programs
- Backup co-workers as required due to vacation, illness etc.
- Identify safety stock revisions
- Assist supply chain with supplier relations by reviewing on a monthly basis
- Work with engineering, contracts and planner to develop safety stock levels to support project demand
- Communicate any delays caused by abnormal demand, salvage, scrap or late parts
- Prepare Regional expense report, Realized savings report, supplier performance report and supplier capacity evaluation report monthly
- Work with suppliers and manufacturing to establish priorities when bottlenecks exist. Requires making decisions on partial shipments, splitting machining lots and other possibilities to maximize customer service
- Secure and analyze quotations; negotiate price and terms with suppliers and recommend based on cost, quality and delivery.
- Coordinate as appropriate quality matters and engineering changes/developments between manufacturing operations and suppliers
- Initiate and facilitate problem-solving skills, implement solutions and track results.
- Identify, suggest and implement process improvements by taking own initiative and generate lean projects in purchasing department
- Establish, retain and maintain data integrity with the current running ERP system
- Cost reduction initiatives
- Resolve complex delivery, quality or other related problems with purchases
- Serve technical focal for special or high level audits & assessments of supplier’s systems, processes & products.

Position Requirements:
**EDUCATION**:
Bachelor of Engineering with minimum of 5 years of experience in relevant filed

**OTHER SKILLS/KNOWLEDGE/EXPERIENCE**:

- Managerial experience preferred
- Excellent verbal and written communication skills
- PC Literate
- Knowledge of Goulds Pumps Products preferred
- Previous experience in dealing with foundries & casted parts
- Prior experience in dealing with Fabrication & machined parts
- ERP & SAP software fluencies
- Query processing ERP/Excel
- Presentation skills & ability to manage multiple priorities