- Professional
- Office in Oxford
Working at IPG Photonics you can expect challenging projects, a motivating and friendly environment, and competitive benefits.
Job Summary
We are seeking a highly organized and detail-oriented Buyer-Planner to join our company's supply chain team. The Buyer-Planner will play a critical role in ensuring the timely availability of materials and components required for production and distribution.
The ideal candidate will have strong analytical skills, a solid understanding of supply chain management principles, and the ability to effectively collaborate with various stakeholders to optimize inventory levels and minimize costs. As a Buyer-Planner, you will contribute to the efficiency and success of our operations by overseeing material planning, forecasting, inventory control, and supplier management processes.
Job Function
- Develop and implement effective material planning strategies to ensure an uninterrupted supply of materials and components for production and distribution.
- Collaborate with cross-functional teams, including procurement, production, sales, and logistics, to forecast material requirements and align them with production schedules and customer demands.
- Monitor inventory levels, analyze demand patterns, and adjust material orders and schedules accordingly to optimize inventory turns and minimize stock outs and excess inventory.
- Conduct regular analysis of historical data, market trends, and supplier performance to improve accuracy in demand forecasting and maintain optimal inventory levels.
- Coordinate with suppliers to ensure on-time delivery of materials, resolve any supply issues, and maintain strong relationships to secure favorable pricing and terms.
- Implement and maintain effective inventory control systems, including the use of inventory management software, to track material movements, monitor stock levels, and minimize carrying costs.
- Evaluate and identify opportunities for process improvements and cost reductions in material planning and inventory management, and lead or contribute to continuous improvement initiatives.
- Prepare regular reports and key performance indicators (KPIs) related to material planning, inventory levels, supplier performance, and other relevant metrics.
- Stay updated on industry trends, technological advancements, and regulatory requirements related to material planning and supply chain management.
