Buyer / Planner I

Position Overview

The Buyer Planner is responsible for all aspects of purchasing, including the selection, negotiation, and purchase of products and services to support the company's manufacturing and administrative functions.

Key Responsibilities

• Identify, evaluate and qualify suppliers of materials for production and non-production items as required for the commodities assigned by the Purchasing Manager, to include NDA (non-disclosure agreement) management and related onboarding activities.
• In accordance with purchasing strategy, develop long term relationships with suppliers to avoid material shortages while assuring best value, maintaining quality, and attaining the expected on-time delivery performance.
• Support continuous improvement efforts and strategic sourcing activities such as dual sourcing for risk mitigation and related internal initiatives.
• Coordinate with external vendors and internal departments on regular and expedited material and/or service needs.
• Procure material based on MRP driven requirements for commodity groups as assigned by the Purchasing Manager, including review and maintenance of related system parameters such as pricing, reorder points and MOQs.
• Manage purchase order life cycle (creation, maintenance, follow through) with assigned vendors.
• Manage the sub-contracting process, includes generation of work orders.
• Negotiate pricing and execute purchase orders and agreements with suppliers to support business objectives.
• Place orders from approved suppliers to include verifying pricing, quantities needed, product availability, required delivery dates and best shipment methods.
• Review sales order backlog regularly and take action to reduce past due orders.
• Generate daily, weekly, and monthly reports as required.
• Ensure payment terms and methods are maximized and enforced by both parties.
• Manage existing stocking programs/consignments programs as assigned by the Purchasing Manager.
• For assigned commodity groups, provide insight and countermeasures on purchased prices variances to reduce or eliminate unfavorable variances.
• Keep management informed of Material Review Board dispositions of non-conforming purchased material.
• Work with Engineering department to source new material and create additional sources for existing items.
• Complete assigned special projects as directed by the Purchasing Manager
• Support the implementation of standard processes for the departmental activities.
• Investigate inventory discrepancies and determine root causes.

Critical Competencies

• Demonstrated knowledge of sourcing methodology and its application (e.g. fact-based negotiations and cross functional team collaboration) and effective management of supplier relationships (relationship building, performance, development and integration) is required.
• Basic negotiation skills and familiarity with the commercial, regulatory, and intellectual property elements of a contract, and identifying elements of risk in making recommendations is required.
• Technical aptitude, including familiarity with of manufacturing and assembly processes and proficiency with reading and understanding blueprints, mechanical drawings, and schematics is strongly desired.
• Knowledge of lean manufacturing standards and practices, including Kanban and pull systems is desired.
• Intermediate to advanced level proficiency MS Office software applications (to include ability to create formulas, charts/graphs, pivot tables and other data aggregation tools in Excel).
• ERP knowledge and experience is required.
• Strong problem-solving, critical thinking, and analytical skills, including the ability to gather and organize relevant information, and identify underlying issues or problems, trends, and cause-effect relationships.
• Excellent interpersonal skills that fosters teamwork and collaboration and develops high quality working relationships in order to influence, gain support, and achieve results.
• Strong verbal and written communication skills, including the ability to effectively develop and write routine reports, process instructions and business correspondences. Able to effectively present information and respond to questions from groups of employees and managers, customers, and suppliers.
• Highly productive with a strong sense of urgency and orientation to details, accuracy, and excellent outcomes. Results-oriented with a demonstrated ability to effectively manage time and multiple priorities
• Demonstrated continuous improvement mindset and an advocate for change. Exposure to lean manufacturing principles is a plus.
• Demonstrated flexibility and willingness to adapt to internal processes and change, delays or unexpected events. Ability to respond to adversity or restrictions of the organization with resilience and tenacity.
• Strong work ethic, including the ability to be self-directed and self-motivated. Demonstrated professionalism, passion, and initiative with projects and tasks.
• Demonstrated ability to maintain confidentiality and handle proprietary and sensitive information with integrity.
• Willing and able to work extended hours as required.
• Willing and able to occasionally travel up to 10% to customer, supplier, and/or other Regal Rexnord sites, including attendance at off-site meetings, events and professional development conferences or seminars.

Required Skills and Qualifications

• High School Diploma required
• Minimum of 2 years of relevant procurement and/or supply chain experience is required, preferably in a manufacturing environment.
• Intermediate Outlook and advanced Excel experience

Preferred Skills and Qualifications

• Bachelor's degree is preferred, preferably in Supply Chain Management or Business.

PHYSICAL DEMANDS:
Potential physical demands include but are not limited to: frequent sitting and occasional bending and stooping. Potential sensory demands include but are not limited to: hearing and seeing. Lifting and/or maneuvering of up to 30 pounds without assistance, or heavier loads with the assistance of a lifting device. Must be able to work in a typical manufacturing facility and travel to outside facilities which could entail walking, climbing and moving around working equipment.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

WORK ENVIRONMENT:

Majority of time is spent in a general office environment, but regular time will also be spent in a manufacturing production environment where personal protective safety equipment must be worn and proper safety precautions must be observed.

• Medical, Dental, Vision and Prescription Drug Coverage
• Spending accounts (HSA, Health Care FSA and Dependent Care FSA)
• Paid Time Off and Holidays
• 401k Retirement Plan with Matching Employer Contributions
• Life and Accidental Death & Dismemberment (AD&D) Insurance
• Paid Leaves
• Tuition Assistance

Regal Rexnord is a publicly held global industrial manufacturer with 30,000 associates around the world who help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company's electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power industrial applications. The Company's automation offering, comprised of controls, actuators, drives, and precision motors, controls motion in applications ranging from factory automation to precision control in surgical tools.

The Company's end markets benefit from meaningful secular demand tailwinds, and include factory automation, food & beverage, aerospace, medical, data center, warehouse, alternative energy, residential and commercial buildings, general industrial, construction, metals and mining, and agriculture.

Regal Rexnord is comprised of three operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. Regal Rexnord has offices and manufacturing, sales and service facilities worldwide. For more information, including a copy of our Sustainability Report, visit RegalRexnord.com.

Regal Rexnord is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex/gender, sexual orientation, gender identity, pregnancy, age, ancestry, national origin, genetic information, marital status, citizenship status (unless required by the applicable law or government contract), disability or protected veteran status or any other status or characteristic protected by law. Regal Rexnord is committed to a diverse and inclusive workforce. We are committed to building a team that represents diverse and inclusive backgrounds, perspectives, and skills. If you'd like to view a copy of the company's affirmative action plan for protected veterans/individuals with disabilities or policy statement, please email Recruiting@RegalRexnord.com.If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application, please e-mail Recruiting@RegalRexnord.com.

Equal Employment Opportunity Posters

Notification to Agencies: Please note that Regal Rexnord Corporation and its affiliates and subsidiaries ("Regal Rexnord") do not accept unsolicited resumes or calls from third-party recruiters or employment agencies. In the absence of a signed Master Service Agreement or similar contract and approval from HR to submit resumes for a specific requisition, Regal Rexnord will not consider or approve payment to any third-parties for hires made.