Negotiate terms and conditions with suppliers, including price, delivery schedules, payment terms, and other contractual terms to ensure favorable agreements for the organization.
Conduct research to identify potential suppliers, assess market trends, and stay informed about industry developments.
Generate and manage purchase orders, specifying the details of the products or services being purchased, delivery schedules, and other relevant information.
Build and maintain positive relationships with suppliers. Communicate regularly to ensure smooth transactions and address any issues that may arise.
Analyze costs associated with the procurement process, seeking opportunities for cost reduction without compromising quality or service.
Collaborate with other departments to ensure that the procurement process aligns with the overall supply chain strategy and organizational goals.
Assess and manage risks related to the supply chain, including potential disruptions, supplier financial stability, and geopolitical factors that may impact the procurement process.
Work with suppliers to establish and maintain quality standards. Monitor and evaluate supplier performance to ensure compliance with quality requirements.
Develop and manage contracts with suppliers, outlining the terms and conditions of the relationship, including delivery schedules, payment terms, and performance expectations.
Ensure that all procurement activities comply with relevant laws, regulations, and organizational policies.
Collaborate with budgeting teams to ensure that procurement activities align with the organization's financial constraints and objectives.
Work with other departments to forecast demand for goods and services, ensuring that the procurement process meets the organization's needs.
Maintain accurate and organized records of procurement activities, including contracts, purchase orders, and communication with suppliers.
Identify opportunities for process improvement within the procurement function and contribute to the development of best practices.
Explore and promote supplier diversity initiatives, fostering relationships with suppliers from various backgrounds.
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Collaborate with internal stakeholders, including production, logistics, and finance teams, to ensure a cohesive and efficient procurement process.
Stay updated on emerging technologies in procurement, such as e-procurement tools and automation, to enhance efficiency and effectiveness.
Develop contingency plans for potential disruptions in the supply chain and take proactive measures to address crises or unforeseen challenges.
What are we seeking in the ideal candidate?
The ideal candidate will have the following qualifications:
Strong working knowledge of ERP/MRP and Microsoft Suite, Excel, and Outlook.
Previous experience in ERP/MRP process improvements.
Must be capable of multi-tasking, working both as a team and independently, prioritizing primary responsibilities, and coping well with ambiguity.
Strong working knowledge of materials management theories, processes, and practices. Continuous education in this field is a plus.
Must be well organized and have keen attention to detail.
Consistent with Cadence's career architecture, this position may be staffed at varying experience levels. Criteria evaluated when determining level and compensation is based on experience, skills, and other job-related factors.
About Cadence Inc.
Medical Device Manufacturing800 employeesFounded 1985
Cadence is a medical device contract manufacturer serving MedTech and Pharma companies from design through finished-device production.