Procurement Specialist

Reposted 4 Days Ago
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Newport, Isle of Wight, England
In-Office
Mid level
Semiconductor • Appliances • Manufacturing
The Role
The Procurement Specialist sources and manages suppliers, optimizes costs, negotiates contracts, manages inventory, assesses supplier performance, mitigates risks, and ensures compliance.
Summary Generated by Built In

Key Responsibilities:

  • Supplier Sourcing & Management: Identify, evaluate, and establish strong relationships with new and existing suppliers to meet the company’s needs for raw materials, components, and services.
  • Cost Optimization: Negotiate pricing and delivery schedules with suppliers to achieve cost-effective procurement solutions without compromising quality. Continuously evaluate cost-saving opportunities and implement best practices for procurement efficiency.
  • Contract Management. Negotiate terms, manage requirements and contract renewals.
  • Inventory Management: Collaborate with key stakeholders to setup commercial deals to best suit business requirements.
  • Supplier Performance Management & Tracking: Monitor and assess supplier performance, tracking key performance indicators (KPIs) such as on-time delivery, quality, and cost efficiency. Work with suppliers to address any performance issues.
  • Risk Management: Identify and mitigate supply chain risks such as Single Sourced, material shortages, supplier delays, or disruptions. Ensure continuity of supply to prevent production downtime.
  • Cross-functional Collaboration: Work closely with production, quality control, engineering, and finance teams to align procurement activities with production needs and overall business objectives.
  • Compliance & Documentation: Ensure all procurement activities comply with company policies, regulatory standards, and industry best practices. Maintain accurate records and documentation for all procurement transactions.

Qualifications:

  • Education:
    • Bachelor’s degree in Supply Chain / Procurement or similar business profession.
    • CIPS qualified is desired
  • Experience:
    • Minimum of 3 years of experience in procurement or supply chain management, preferably in a manufacturing or industrial setting. Semi-Conductor experience is a bonus.
    • Proven experience in negotiating with suppliers, managing Supplier relationships, and handling purchase orders.
  • Skills & Abilities:
    • Strong negotiation, communication, and interpersonal skills.
    • Excellent organisational skills with attention to detail and accuracy.
    • Knowledge of procurement software and ERP systems (e.g. SAP, Oracle, or similar).
    • Ability to work effectively under pressure and manage competing priorities.
    • Understanding of manufacturing processes and inventory management techniques.

Top Skills

Erp Systems
Oracle
Procurement Software
SAP
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The Company
Malvern, , Pennsylvania ,
4,977 Employees

What We Do

Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Serving customers worldwide, Vishay is The DNA of tech™ Vishay Intertechnology, Inc. is a Fortune 1,000 Company listed on the NYSE (VSH). More on Vishay at www.Vishay.com.

Vishay offers a comprehensive suite of benefit programs including health care coverage, financial support programs and other resources designed to help you achieve your personal and professional goals. With us, you'll experience unique career paths, an open and collaborative culture, a stable business that will be there for you, and opportunities to work globally and locally. Do you have the skills we need? Are you ready to power your career as you power the world? If so, apply today.

It is the policy of Vishay to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, pregnancy/childbirth, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status or a person’s relationship or association with a protected veteran, including spouses and other family members, marital or domestic partner status, or any other category protected by federal, state and/or local laws.

As an equal opportunity employer, Vishay is committed to a diverse workforce. In order to ensure reasonable accommodation for individuals protected by Section 503 of the Rehabilitation Act of 1973, the Vietnam Veterans' Readjustment Act of 1974, and Title I of the Americans with Disabilities Act of 1990, applicants that require accommodation in the job application process may contact [email protected] assistance.

Equal Opportunity Employer

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