I

Buyer

icon building Company : Itt Inc.
icon briefcase Job Type : Full Time

Number of Applicants

 : 

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Job Description - Buyer






About ITT:






ITT is a leading manufacturer of critical components for harsh environments that serves fast-growing end markets in flow, aerospace and defense, energy and transportation. Building on our heritage of innovation, we partner with our customers to deliver solutions to the key industries that underpin our modern way of life.
Headquartered in Stamford, CT, we have more than 11,700 employees globally with operations in ~40 countries and sales in more than 125. At our core is our engineering DNA, with 1,280+ engineers, 1,700+ active global patents and ~51 manufacturing locations.

 

Our businesses are organized in three distinct segments, each based around our core engineering DNA: 

 

Industrial Process: A global leader in centrifugal and twin-screw pumps and engineered valves for chemical, energy, mining, and industrial applications. Our leading brands include the iconic Goulds Pumps (with more than 175 years of history), Bornemann, Habonim, Engineered Valves, Rheinhütte Pumpen and Svanehøj. 

 

Motion Technologies: A global leader in brake pads (ICE and electrified brake pads) and shock absorbers (energy absorption solutions) for transportation applications. Our leading brands include Friction Technologies, KONI and Axtone.

 

Connect and Control Technologies: A leader in critical applications for the aerospace, defense and industrial markets, including harsh environment connectors and control components. Our leading brands include ITT Cannon, Enidine, Aerospace Controls and kSARIA. 









Position Summary






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.









Essential Responsibilities






  • 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









Position Requirements






    • 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.




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