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
- Connect & Control Technologies ($0.7B) is a niche player in harsh environment connectors and control components in critical applications for the aerospace, defense 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 SummaryThe primary responsibility of this position is to manage and procure inventory levels required to meet shipment and operations objectives. The Buyer will also interface with suppliers, engineering, project teams and manufacturing personnel as required to meet and exceed operational goals and customer service requirements. This role will support timely execution of tactical buying in alignment with commodity strategies and local operations and will manage some supplier relationships for his/her assigned scope.Essential Responsibilities
- Manage supplier relationships for assigned scope and support commodity managers as required during business cases and overall strategy implementation for main suppliers.
- Perform tactical purchasing driven my MRP as well as individual requisitions.
- Maintain ERP parameters such as lead-time, lot sizes, etc. to support on-time performance.
- Draft and execute improvement plans on Quality, Cost and Delivery for assigned vendors. Lead cross-functional follow-up and timely report on progress.
- Create purchase orders, schedule product delivery, modify existing purchase orders, and control open orders to assure timely performance from assigned vendors.
- Work with suppliers to assess / balance capacity and requirements to satisfy on-time performance and inventory levels.
- Manage and reconcile inventory discrepancies, payment disputes and supplier non-conformance issues.
- Challenge status quo on cost and drive target savings initiatives cross-functionally.
- Work with product managers and planners to develop stocking/pull levels to support market demand and anticipate issues.
- Secure and analyze quotations, negotiate price, LTAs, payment terms with suppliers and recommend based on cost, quality and delivery.
Position Requirements
- Bachelor's degree or combination of education and relevant materials experience is required
- Purchasing Certification and/or Specialization is preferred
- Experience: 3-5 years of related experience is required
- Experience in Lean processes, inventory management and materials / purchasingis required
- Manufacturing background is strongly preferred
- Knowledge of cost breakdown, Incoterms, price formation are required
- Knowledge of machining, castings and fabrication manufacturing processes are strongly preferred
- Customer service and expediting / troubleshooting experience is required
- Experience with MRP, forecasting and stocking levels is required
- Proficient in MS Office
- Requires initiative, creativity and assertiveness, coupled with strong interpersonal, communication and negotiating skills
- Teamwork and problem-solving skills are required
#IP1#LI-MC1Equal Pay Act StatementWe 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 RangeAnnual Salary Range $78,100 to 116,900 plus benefits and incentive plans.