Procurement Specialist

3 Weeks 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

1 skill required

1 skill required for this role

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innovation

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.