Director of Purchasing & Inventory at Threaded Fasteners, Inc. in Mobile, AL, USA

Job description

• Owns TF Group/Threaded Fasteners Inc's purchasing and inventory strategy, balancing inventory investment against customer service. Sets the company-wide standards for what we buy, how much we carry, and how we manage suppliers.

Responsibilities

• Company-wide inventory strategies are established and maintained, with target inventory levels, inventory turns, and plans to reduce excess and obsolete inventory consistently supporting business objectives.
• Purchasing expenditures are planned and controlled through an annual purchasing budget and strategic supplier spending plans.
• Purchasing standards and inventory practices are consistently applied across the organization while supporting the operational needs of each business unit.
• Supplier performance is measured through a structured vendor management program that includes approved suppliers, supplier scorecards, forecasting, and continuous improvement initiatives.
• Lost sales resulting from inventory availability issues are identified, measured, and used to improve stocking strategies and customer service levels.
• Inventory and supplier performance metrics are established, monitored, and regularly reviewed to drive continuous improvement and informed decision-making.
• Purchasing and inventory management processes operate consistently and efficiently through a capable, knowledgeable, and continuously developing purchasing team.
• Develops and executes the Company's purchasing and inventory strategy.
• Provides leadership for the central purchasing team by establishing priorities, developing talent, and ensuring consistent purchasing practices across the organization.
• Creates and maintains Company purchasing guidelines, approval authorities, and inventory management standards.
• Develops and maintains inventory planning strategies, including target inventory levels, replenishment methods, and inventory control policies.
• Develops and manages the Company's annual purchasing budget, including strategic vendor spending plans for key suppliers.
• Builds and maintains strategic supplier relationships through supplier reviews, forecasting, and continuous improvement initiatives.
• Establishes and maintains supplier management processes, including approved supplier programs, supplier scorecards, and performance monitoring.
• Develops and maintains the Company's lost sales reporting process and uses the information to improve inventory availability and purchasing decisions.
• Establishes, tracks, analyzes, and reports key inventory and supplier performance metrics to support operational and financial objectives.
• Partners with Finance, Operations, Manufacturing, and Sales to ensure purchasing strategies support the Company's operational and financial goals.

Requirements

• Bachelor's degree in business or related field is a plus.
• Minimum of five years' experience in Purchasing and Inventory Control.
• P21 software experience a plus.
• Previous Fastener Industry Experience.
• Strong computer skills, including proficiency in Microsoft Office Suite, Google Docs, and data entry.
• Exceptional organizational and time management skills with a keen eye for detail.
• Excellent written and verbal communication skills.
• Strong problem-solving skills and a proactive approach to tasks.

Skills

Preferred

• P21 software experience a plus.
• Previous Fastener Industry Experience.