Procurement Engineer

At ITT, we have a clear purpose as an organization – to provide our customers with cutting-edge solutions to help solve their most critical needs across key global end markets. Our continuous improvement mindset drives our commitment to evolving our capabilities as a multi-industrial technology, manufacturing and engineering leader. With a strong global footprint of more than 100 facilities, we are well positioned to solve critical challenges for our customers around the world. Our locations include manufacturing facilities and global service capabilities in 35 countries. Through these worldwide operations and building on our heritage of innovation, our approximately ~11,000 team members partner with our customers to deliver enduring solutions that make a lasting difference and help the world move forward. ITT is headquartered in Stamford, CT, with sales in approximately 125 countries. The company generated 2024 revenues of $3.6 billion. 

• Motion Technologies: (Revenue of $1.4B; headcount of ~ 4,000; operates in 13 countries) manufactures brake components and specialized sealing solutions, shock absorbers and damping technologies primarily for the global automotive, truck and trailer, public bus and rail transportation markets. 
• Industrial Process: (Revenue of $1.4B; headcount of ~3,400; operates in 30 countries) manufactures engineered fluid process equipment serving a diversified mix of customers in global industries such as chemical, energy, mining, and other industrial process markets and is a provider of plant optimization and efficiency solutions and aftermarket services and parts. 
• Connect and Control Technologies: (Revenue of $0.8B; headcount of ~ 3,800; operates in 10 countries) manufactures harsh-environment connector solutions, critical energy absorption, flow control components, and composite materials for the aerospace and defense, general industrial, medical, and energy markets.

Manage and procure inventory levels required to meet shipment and operations objectives through manufacturing or purchasing procurement. Interface with Suppliers and Manufacturing personnel as required to meet/exceed Customer Service requirements. Support Marketing lead time requirements for all IP Models. Manage a pre‐determined value of Inventory. Manage service and production parts.

• Review daily order reports to identify product requirements:
  • Supplier open order report
  • Supplier salvage report
  • Supplier OTP report
  • Supplier portfolio management
• Realize savings report
• Contracting & negotiating with assigned suppliers
• Create purchase orders
• Modify existing purchase orders
• Other activities as part of sourcing system for a wide range of mechanical parts
• Development of strategic sourcing concept
• Expedite deliveries
• Work with suppliers to balance capacity and requirements to satisfy OTP and inventory levels
• Review, evaluate and make disposition of excess and obsolete inventory
• Execute ECN materials actions
• Manage and reconcile inventory discrepancies due to lost parts and supplier non-conformance issues
• Manage supplier/manufacturing stocking programs
• Backup co-workers as required due to vacation, illness etc.
• Identify safety stock revisions
• Assist supply chain with supplier relations by reviewing on a monthly basis
• Work with engineering, contracts and planner to develop safety stock levels to support project demand
• Communicate any delays caused by abnormal demand, salvage, scrap or late parts
• Prepare Regional expense report, Realized savings report, supplier performance report and supplier capacity evaluation report monthly
• Work with suppliers and manufacturing to establish priorities when bottlenecks exist. Requires making decisions on partial shipments, splitting machining lots and other possibilities to maximize customer service
• Secure and analyze quotations; negotiate price and terms with suppliers and recommend based on cost, quality and delivery.
• Coordinate as appropriate quality matters and engineering changes/developments between manufacturing operations and suppliers
• Initiate and facilitate problem-solving skills, implement solutions and track results.
• Identify, suggest and implement process improvements by taking own initiative and generate lean projects in purchasing department
• Establish, retain and maintain data integrity with the current running ERP system
• Cost reduction initiatives
• Resolve complex delivery, quality or other related problems with purchases
• Serve technical focal for special or high level audits & assessments of supplier’s systems, processes & products.

EDUCATION:  
Bachelor of Engineering with minimum of 5 years of experience in relevant filed

OTHER SKILLS/KNOWLEDGE/EXPERIENCE: 

• Managerial experience preferred
• Excellent verbal and written communication skills
• PC Literate
• Knowledge of Goulds Pumps Products preferred 
• Previous experience in dealing with foundries & casted parts
• Prior experience in dealing with Fabrication & machined parts
• ERP & SAP software fluencies
• Query processing ERP/Excel
• Presentation skills & ability to manage multiple priorities