Inventory Procurement Specialist

Job Title: Inventory Procurement Specialist

Company: Rig Source, LLC

Location: Beckley, WV or Elburn, IL

Reports to: Branch Manager

Company and Job Summary:

Rig Source is a leading provider of equipment rental, sales, service, and aftermarket support solutions for the geotechnical and environmental drilling industry. With a strong commitment to customer satisfaction and technical excellence, we strive to deliver superior equipment and support services to our clients. We are seeking a highly organized and detail-oriented Procurement Specialist to join our team. The Procurement Specialist will play a pivotal role in managing stocking levels company-wide to ensure optimal inventory of parts and accessories for drill rigs at all times. The ideal candidate will possess strong analytical skills, excellent communication abilities, and a deep understanding of procurement processes in the industrial equipment sector.

Responsibilities:

• Inventory Management:
• Monitor and maintain stocking levels of drill rig parts and accessories company-wide.
• Collaborate with branch managers and service technicians to assess inventory needs and determine stocking requirements for each location.
• Implement inventory control measures to ensure accurate tracking and replenishment of parts and accessories.
• Procurement:
• Source and procure drill rig parts, accessories, and consumables from suppliers and manufacturers.
• Negotiate pricing, terms, and contracts with vendors to secure competitive rates and favorable terms.
• Place purchase orders and track deliveries to ensure timely replenishment of inventory.
• Supplier Management:
• Develop and maintain relationships with suppliers and vendors to ensure reliability and responsiveness.
• Evaluate supplier performance based on factors such as quality, lead times, and customer service.
• Address any issues or concerns with suppliers to ensure consistent supply of parts and accessories.
• Data Analysis and Reporting:
• Analyze inventory data and usage patterns to forecast demand and optimize stocking levels.
• Generate reports on inventory levels, procurement activities, and supplier performance for management review.
• Provide insights and recommendations to improve inventory management processes and cost-effectiveness.
• Cross-Functional Collaboration:
• Collaborate with other departments, including sales, service, and logistics, to ensure alignment of inventory levels with customer demand and operational needs.
• Coordinate with service technicians to identify critical spare parts and prioritize stocking accordingly.

Qualifications and Skills:

• Proven experience (5-years) in procurement, preferably in the heavy equipment or construction machinery sector.
• Strong understanding of inventory management principles and techniques.
• Excellent negotiation, communication, and interpersonal skills.
• Proficiency in Microsoft Office Suite and inventory management software.
• Analytical mindset with the ability to interpret data and make data-driven decisions.
• Detail-oriented with strong organizational and time management skills.
• Ability to work independently and collaboratively in a fast-paced environment.
• Experience with ERP systems and inventory management systems.

Why Join Us:

Rig Source offers a dynamic work environment where employees are encouraged to innovate, collaborate, and grow professionally. As a Procurement Specialist, you will have the opportunity to play a crucial role in optimizing inventory management processes and ensuring the availability of critical parts and accessories for our customers. We offer competitive compensation, benefits, and opportunities for career advancement.

Job Type: Full-time

Pay: $100,000.00 - $120,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Ability to Relocate:

• Beaver, WV 25813: Relocate before starting work (Required)

Work Location: In person