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Senior Buyer Job in Fort Loramie, Ohio US

Senior Buyer

THE LINCOLN ELECTRIC COMPANY - Fort Loramie, OH

Posted: 4/15/2024 - Expires: 5/15/2024

Job ID: 272371909

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Job Description

Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys. Lincoln is recognized as the Welding Expert™ for its leading materials science, software development, automation engineering, and application expertise, which advance customers' fabrication capabilities to help them build a better world. Headquartered in Cleveland, Ohio, Lincoln Electric is a $3.8B publicly traded company (NASDAQ:LECO) with over 11,000 employees around the world, with operations in over 71 manufacturing locations in 20 countries.

Location: Fort Loramie - Fort Loramie, OH, United States (US)
Employment Status: Salary Full-Time
Function: Supply Management

Hybrid role with weekly travel to the LEA Coldwater or LEA Fort Loramie locations

Position Summary: Responsible for developing and managing relationships with suppliers for direct and indirect goods and services. Previous experience desired in an industrial machinery industry with a global organization. The role includes developing purchasing strategies for products / projects at the local level, while collaborating with a global centers-led teams on category sourcing, local implementation, "end to end" supplier performance ownership, and procurement responsibility for S2P "Source to Pay" transaction execution of both intercompany and 3rd party supply requirements.

Job Duties and Responsibilities:


* Develop and lead initiatives to optimize cost locally, while participating in global initiatives for select categories.
* This role owns the supplier performance and related corrective actions necessary to meet and improve our operational performance.
* Works closely with other departments to identify, evaluate, and develop qualified suppliers.
* Participates in local management meetings, gaining a better understanding of the immediate priorities locally while communicating progress on supply management projects and KPI's.
* Manages external supply risk associated with "sole supplier" decisions, including alternative sourcing strategies, inventory safety stocks, and supplier inventory programs (examples: VMI, Consignment, and other solutions to minimize risk).
* Work closely with corporate to improve WC "Working Capital" through extended payment terms and utilization of established SCF "Supply Chain Financing" program.
* Negotiates comprehensive supplier agreements to provide optimized cost to the company (examples: logistic selections, title transfer, INCO terms, training, technical support, payment terms, pricing, lead-times, order quantities, warranty, liabilities, and other factors based on specific budget and schedule requirements).
* Evaluates and drives cross-functional engagement to implement the most cost-effective value for procurement alternatives.
* Establishes purchased material Standard Cost and provides forward guidance to cost variances. Communicates supply cost factor changes on a monthly basis while recognizing the importance to quoting and overall profit performance of the company.
* Prepares and Manages RFx "Requests for Quotation, Information, or Proposals" of local sourcing requirements.
* Provides suppliers with forecasts and production schedule information as needed.
* Assures operational performance of procurement processes, including improvement in Epicor/Kinetic transactions, master data accuracy, and implementation of new business systems related to S2P processes.
* Responsible to deliver all critical supplier on-boarding requirements (e.g. NDA to protect all intellectual property, tax documentation, vendor-master data collectioApply here: https://www.aplitrak.com/?adid=YmJnZW5lcmljLjg4ODcyLjEwNTA4QGxpbmNvbG5lbGVjdHJpY2NvbXAuYXBsaXRyYWsuY29t

Contact Information

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Job Summary

Employment Type:
Full Time Employee
Job type:
Regular Employment
Skill Based Partner:
No
Education Level:
High school graduate
Work Days:
Mon, Tue, Wed, Thu, Fri
Job Reference Code
N/A
Salary
N/A
Licenses / Certifications:
N/A
Display Recommended WorkKeys®Recommended WorkKeys®:
Applied Math: 6
Graphic Literacy: 5

Workplace Documentation: 5