Procurement Specialist

3 Months ago • 5 Years + • $63,273 PA - $88,500 PA

Job Summary

Job Description

The Procurement Specialist will be responsible for understanding the business needs of all company groups and establishing a procurement program. They will demonstrate expertise in indirect spending, develop and maintain a procurement database, and ensure timely purchasing execution to meet business needs. This role involves developing supplier relationships, tracking vendor performance, and driving cost reduction programs across various areas. They will also develop and implement negotiation strategies to reduce costs and maintain KPIs for cost reduction achievements.
Must have:
  • Bachelor’s degree
  • 5 years of procurement experience in a high-tech environment
  • Develop and implement negotiation strategies
  • Strong negotiation skills
  • Service oriented attitude
Good to have:
  • CPSM or training in procurement
  • Knowledge in assembly and test equipment, IT, freight
Perks:
  • Equity
  • Medical benefits
  • ESPP
  • 401K
  • Tuition reimbursement
  • Time off programs

Job Details

Responsibilities:

  • To understand business need of all the groups of the company, working with business stakeholders to establish the procurement program.
  • Demonstrate expertise in the indirect spending category with clear understanding of market influence, market trend and procurement strategy
  • Develop company’s indirect spending purchasing program and maintain procurement database.
  • Timely purchasing execution to meet the business needs.
  • To develop supplier relationships to ensure low cost, quality supply. Track and evaluate vendor performance.
  • Driver cost reduction programs in the areas of assembly and test equipment, IT, freight and other indirect material purchasing

Qualifications and Requirements:

  • Bachelor’s degree. CPSM or training in procurement is preferred
  • 5 year experience in procurement in a high tech environment
  • Knowledge in assembly and test equipment, IT, freight is a plus
  • Work with the business owners to develop and implement negotiation strategies to reduce cost of the major purchases
  • Develop and maintain KPIs to track cost reduction achievements
  • Proven track record in achieving cost reductions
  • Strong negotiation skills
  • Service oriented attitude

 

Power Integrations is committed to building teams that drive innovation and therefore review a range of factors when determining compensation.  The annual base pay range for this position is $63,273 to $88,500. Our salary ranges are determined by role, level, qualifications and work location.  
The range displayed on the job posting reflects the minimum and maximum target for new hire salaries for this position in California. Within the range, individual pay is determined by additional factors, including job-related skills, experience, and relevant education or training.
Power Integrations also offers to our eligible employees a comprehensive total rewards package that includes equity, medical benefits, ESPP, 401K, tuition reimbursement and time off programs. For additional benefits, please visit https://www.power.com/company/our-sustainability-priorities/people-our-engine-innovation.

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About The Company

Power Integrations competes for the best talent. Our compensation packages consist of salary and equity, and they are commensurate with accomplishment. We offer a full suite of benefits. It is the policy of Power Integrations to provide equal employment opportunity for all employment applicants and employees without regard to prohibited considerations of race, color, religion, gender, gender identity, gender expression, sexual orientation, age, physical disability, mental disability, marital status, or any other classification protected by applicable local, state or federal laws.

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