New Product Introduction Procurement Specialist

Company: Monarch has established itself as a leader in the global Original Equipment Manufacturers market for highly-engineered hydraulic cylinders and custom iron castings through its dedication to quality, service, and cost-competitiveness since 1935. Their expanded domestic and global manufacturing capabilities provide even greater capacity to service the Agriculture, Construction, Industrial and Mobile markets, to name a few. Committed to creating a safe and healthy environment for its employees and the community, Monarch is an early adopter of continuous improvement within these areas, as recognized by industry awards and certifications through Made Safe and ISO 14001 (2015). Monarch is recognized as one of Canada’s Best Managed Companies. Position Summary: The NPI (New Product Introduction) Procurement Specialist provides a pivotal role as the interface between prototyping, sample building, and production release activities. This position ensures the on-time material availability for prototype builds, setting up BOMs (Bills of Material), driving closure of material FAI (First Article Inspection), and transfer of complete material plans to Purchasing while developing sourcing strategies to ensure appropriate and competitive costing, delivery, and quality standards are met. Essential Responsibilities and Duties: · Responsible for sourcing of all required components as per the BOM during new product development · Attend NPI cross-functional meetings and report on all BOM items to ensure build readiness and provide timely feedback on the delivery, cost, and quality status of new components on behalf of Purchasing · Prepare, issue, and evaluate RFQ`s and award new business in line with the overall sourcing strategy · Responsible for tracking and reporting tooling spending regularly for new products · Support product team in prototype/sample build to manage the material sourcing transition of new products from prototype to mass production agreements · Manage the material plan process by identifying critical path constraints, contingencies, and mitigations to achieve project objectives · Initiate cost improvement initiatives for existing parts and strategy development with the Sourcing Manager for product families and implement accordingly · Build, maintain and ensure timely and accurate data reporting and summaries on a regular basis, including, but not limited to, open PO, tooling, and shortage reports basis to support the products and business for new parts purchasing and cost initiatives · Create and maintain purchase orders · Review ECRs (Engineering Change Requests) and postings · Work with buyers to identify open PO liability · Support Company initiatives and policies enthusiastically · Other duties as assigned Education and Experience Required: · Minimum of 3+ years of experience in both a production role and an NPI procurement role capacity with thorough working knowledge in the manufacturing industry · Post-secondary education within commerce, engineering, or mechanical technology disciplines is strongly preferred · A CSQP or SCMP designation is considered an asset Skills and Attributes Required: · Ability to identify issues, collect data, establish facts, and draw valid conclusions. · Ability to negotiate effectively to obtain best prices and terms on products, materials, and services · Work directly with the various engineering groups · Solid time management, multitasking and organizational skills are critical to the position · Demonstrated data management skills with experience in compiling and analyzing large Excel files · Proficient with MS Word, Excel, PowerPoint and other common applications · Advanced communication skills, both verbal and written · Ability to work in a dynamic & ambiguous fast-paced environment · Ability to function…

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