Buyer

ITT is an industrial manufacturer of critical, engineered components that serve fast-growing end markets in transportation, flow, energy, aerospace and defense. The company’s differentiation is sustained through a combination of several factors: execution, the quality of its leadership and our DNA as an engineering leader. We have a clear purpose as an organization: to provide our customers with cutting-edge solutions to help solve their most critical needs.

 The company generated 2023 revenues of $3.3 billion and is comprised of three distinct segments: 

• Motion Technologies ($1.5B revenue) is a global leader in brake pads, shock absorbers and sealing solutions for the automotive and rail markets
• Industrial Process ($1.1B revenue) is a global leader in centrifugal and twin-screw pumps for the chemical, energy, mining and industrial markets
• Connect & Control Technologies ($0.7B) is a niche player in harsh environment connectors and control components in critical applications for the aerospace, defense and industrial markets.

 ITT is headquartered in Stamford, Connecticut with over 10,000 employees in more than 35 countries and sales in approximately 125 countries.

The ideal candidate will have deep experience in procurement processes, the ability to influence stakeholders, and a strong commercial acumen to optimize cost management and deliver long-term value. 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.

• Ensure timely procurement of materials, equipment, and services as per project requirements.
• Purchasing activities such as floating RFQ’s, negotiations, defining payment terms and customer requirements at the highest quality, best total cost and shortest lead time.

• Review daily order reports to identify product requirements:
• Supplier open order report
• Supplier salvage report
• Supplier OTP report
• Supplier portfolio management
• Contracting & negotiating with assigned suppliers
• Development of strategic sourcing concept
• Expedite deliveries
• Manage and reconcile inventory discrepancies due to lost parts and supplier non-conformance issues
• 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

• Managing site supply base; driving performance improvements in the areas of cost, quality and Supplier OTP.
• Ensure compliance with legal, safety, and quality standards in procurement operations.
• Collaborate with Engineering Team, Project Managers, finance and respective teams for seamless project execution
• Establish, retain and maintain data integrity with the current running ERP system

What are we looking into an ideal candidate for the position?

• Adaptability and Problem-Solving: Flexibility to manage changing market conditions, supply chain disruptions, and unexpected vendor issues

• Integrity and Ethical Judgment:

  Commitment to fair procurement practices, transparency, and compliance with policies.

• Communication and Interpersonal Skills:

  Clear communication with internal stakeholders, vendors, and cross-functional teams.

• Customer-Centric Approach:

  Focus on internal client satisfaction by ensuring timely and cost-effective procurement.

  Adaptability and Problem-Solving:

  Flexibility to manage changing market conditions, supply chain disruptions, and unexpected vendor issues

• • Education: BE Mechanical
  • Experience: Minimum 10+ years in procurement and purchasing from rotating/pump/engineering manufacturing projects. Prior experience in pump would be a plus
  • Technical Expertise: Good knowledge of Casting, forging, bought out material and cost estimation.
  • Negotiation Skills: Proven track record of rate negotiations and contract finalization with suppliers.