.At TE, you will unleash your potential working with people from diverse backgrounds and industries to create a safer, sustainable and more connected world.Job OverviewTE Connectivity's Purchasing Teams are responsible for obtaining materials, components, equipment and services, gathering quotations, examining bids, and awarding contracts. They perform cost analysis and volume planning for commodities, evaluate vendor reliability and develop new supply sources where required. They coordinate purchasing activities with the manufacturing and engineering departments to maintain inventory at planned levels and monitor cost, schedule, and scope of assigned subcontracts to assure best quality at best value. They also look for and recommend cost saving proposals including make vs. buy analysis, alternative sourcing, and vendor evaluation criteria as well as develop specifications for new contract orders.Key Responsibilities:Inventory Planning and Management:Develop and implement inventory plans to ensure optimal stock levels and minimize excess or obsolete inventory.Monitor inventory levels and adjust purchasing strategies based on demand forecasts, sales trends, and historical data.Perform regular inventory audits and reconcile discrepancies between physical and system stock levels.Procurement and Supplier Management:Manage the procurement process, including issuing purchase orders, negotiating with suppliers, and ensuring timely delivery of materials.Evaluate supplier performance and establish strong relationships to secure favorable terms and conditions.Resolve any issues related to product quality, delivery delays, or order discrepancies.SAP Utilization:Utilize SAP to track inventory, manage purchase orders, and generate reports on stock levels and procurement activities.Ensure accurate data entry and maintenance within the SAP system to support inventory management and reporting functions.Demand Forecasting:Collaborate with sales and production teams to develop accurate demand forecasts and adjust inventory levels accordingly.Analyze sales data and market trends to predict future inventory needs and adjust procurement plans.Reporting and Analysis:Prepare and present reports on inventory levels, procurement activities, and supplier performance to management.Analyze key performance indicators (KPIs) related to inventory turnover, order fulfillment, and procurement efficiency.Continuous Improvement:Identify opportunities for process improvements in inventory management and procurement practices.Implement best practices and contribute to the development of new strategies to enhance operational efficiency.What your background should look like:
- Education: Bachelor's degree in Supply Chain Management, Business Administration, Logistics, or a related field.
- Experience: 3-5 years of experience in a planner buyer or inventory management role, with a strong understanding of procurement and supply chain processes