Purchasing Manager in Canton, Massachusetts at BSC Industries Inc

As a Purchasing Manager at BSC Industries, you will play a key role in managing vendor relations and procurement strategies to support our growth and operational goals. This position involves strategic purchasing, cost optimization, and inventory management to ensure timely material acquisition, cost savings, and superior service for our customers.

Key Responsibilities

• Strategic Purchasing:
  • Lead purchasing team and oversee company-wide purchasing practices
  • Establish and maintain guidelines and approval processes for purchases
  • Monitor vendor pricing trends and sales activities to determine optimal purchasing opportunities. Centralize purchasing as appropriate.
  • Identify, track and report out cost savings and rebate initiatives including commentary to senior leadership.
  • Ensure all procurement activities comply with company policies, legal regulations, and ethical standards. Manage requests for quality documentation and supplier questionnaire forms
  • Develop KPIs and scorecards to monitor purchasing and vendor performance
• Vendor Management:
  • Work closely with Supply Chain Manager to Establish and maintain strong, mutually beneficial relationships with vendors.
  • Coordinate vendor activities, including negotiations, on-site meetings, training sessions, and lead generation initiatives.
  • Evaluate supplier performance, recommending and implementing changes as needed
• Inventory Management:
  • Monitor and drive inventory reduction efforts including leveraging systems like min/max to maintain efficient inventory levels, adjusting stock based on evolving customer demand.
  • Facilitate vendor returns to minimize inventory costs
  • Manage Excess and Obsolete inventory – determine strategy to dispose of slow-moving inventory

• Education: Bachelor's degree in Supply Chain Management, Business Administration, or a related field.
• Experience:
  • 5-7 years in procurement, purchasing, or vendor relations, within the industrial distribution sector including managing a purchasing team
  • Direct experience in procurement of bearings, power transmission, electrical, and automation products preferred
  • Proven success in inventory management, including auditing, forecasting, and planning.
  • Demonstrated expertise in negotiating cost savings, rebates, and supplier contracts.
• Skills:
  • Proficiency in ERP systems like Profit 21 (P21), SAP, or Oracle.
  • Strong analytical, negotiation, and decision-making abilities.
  • Exceptional communication and organizational skills.
  • High level of accuracy, attention to detail, and ethical standards.

Preferred Qualifications

• Familiarity with industrial products and suppliers.
• Professional certifications such as CPM, CPSM, or CSCP.
• Experience developing and implementing strategic sourcing initiatives.