Inventory and Procurement Specialist

Turning Point Brands • Louisville, KY 40202

Posted 1 week ago

Job Description

Essential Functions:

* Manages and improves supplier relationships and develops alternative sourcing, e.g. cost reductions, quality concerns, improvements in lead time reduction, and negotiating contracts.

* Assures inventory meets or exceeds company target measures.

* Improves purchasing procedures working with internal departments to improve processes for optimum results.

* Be an expert in understanding the Cost of Goods Sold (COGS) associated with the products in their area of responsibility (AOR), and continually search for ways to cut COGS

* Maintain minimal inventories to produce manufactured goods while maintaining lowest cost

* Lead sourcing for new product initiatives and assures sourcing project timelines are met

* Continually reviews work processes and looks for ways to reduce cycle time and take complexity out of the system

* Seeks out best purchasing practices and benchmarks NTC practices against best in class.

* Assures effective document management system, including filing of purchase orders, updated insurance certificates, vendor verification forms, current contracts, and vendor information.

* Creates item requests and purchase orders for non-inventory goods and services.

* Develops system(s) to provide evaluation of vendor selection and improvement(s) to existing reporting systems used to track and support inventory reporting and control.

* Actively responds to internal customer requests, makes quote inquiries, generates purchase order where applicable, and participates in team meetings.

* Draws up master schedule for processing and packaging of manufactured goods based on forecasted sales and establishes sequence and lead time of each operation to meet shipping dates according to sales forecasts or customer orders.

* Analyzes monthly sales and forecast of all manufactured products to determine production requirements for raw materials and finished goods.

* Expedites operations that delay schedules and alters schedules to meet unforeseen conditions.


* Bachelor's degree (B. A.) from four-year college or university; or one to two years related experience and/or training; or equivalent combination of education and experience.

* Computer skills and thorough familiarity with MS Office or other computer software;

* Experience dealing in a multi-facility organization with various stakeholders

* Responsible for being knowledgeable of and acting in strict accordance with the requirements of all relevant laws, regulations, and Company policies, including, among other areas, Food and Drug Administration regulations. Responsible for seeking instructions should your familiarity with such laws be deficient as you will be held accountable for your behavior and that of any subordinates. (FDA statement)

* General awareness knowledge of the ISO9001 Quality Management System requirements, company Quality Policy and your contributions to the effectiveness of the QMS.


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