Position Summary:

The role of a Strategic MRO (Maintenance, Repair, and Operations) Indirect Purchasing Buyer is pivotal in meticulously analyzing and responding to the demand for indirect materials. This position entails an in-depth understanding of Bill of Materials (BOM) to decipher procurement requirements and optimize purchasing strategies. A core responsibility is to exhibit robust negotiation skills to secure favorable terms and costs with suppliers while continuously developing and evaluating new suppliers to enhance the efficiency of indirect material procurement. A key focus lies in the analysis of new materials and innovative sourcing strategies to consistently drive cost reduction and improvement initiatives, maintaining operational excellence in MRO procurement.

This position requires a strategic thinker who is adept at assessing demand, enhancing supplier relationships, and relentlessly pursuing innovative approaches to reduce costs and elevate the performance of indirect materials procurement. The role underscores a commitment to improving operational efficiency and cost-effectiveness while meeting the organization's demand for MRO materials.

Major Responsibilities:

Major Responsibilities for a Strategic MRO Indirect Purchasing Buyer:

Demand Analysis: Conduct in-depth analysis of demand patterns for indirect materials to ensure availability aligns with the monthly production plan. Utilize historical data and forecasting techniques to anticipate and address fluctuations in demand. BOM Optimization: Effectively apply BOM explosion techniques to gain insights into the specific materials required for production, enabling precise procurement and inventory management. Negotiation Excellence: Demonstrate strong negotiation skills to secure favorable terms and costs with suppliers, ensuring cost-effective procurement while maintaining quality standards. Supplier Development: Actively develop and evaluate new suppliers to enhance the supplier base, fostering robust relationships and diversifying sourcing options to increase flexibility and reduce risk. Continuous Cost Reduction: Analyze new materials, innovative sourcing strategies, and cost-saving opportunities. Implement initiatives to consistently reduce costs and improve the efficiency of indirect materials procurement. Strategic Procurement Planning: Develop and execute strategic procurement plans, emphasizing proactive measures to assure the timely availability of indirect materials for production, aligning with the monthly production plan. Supplier Performance Evaluation: Regularly evaluate supplier performance, addressing any quality or delivery issues promptly to maintain uninterrupted production. Inventory Management: Implement sound inventory management practices to maintain optimal stock levels, avoiding shortages, overstock situations, and ensuring efficient material flow to support production needs. Cost Tracking and Reporting: Track and report cost savings and improvements achieved through strategic procurement initiatives, providing clear documentation of contributions to cost reduction efforts. Compliance and Quality Assurance: Ensure all procurement activities adhere to compliance and quality standards, maintaining high levels of quality in indirect materials and supporting production plan adherence.

These responsibilities underscore the Strategic MRO Indirect Purchasing Buyer's crucial role in maintaining the availability of indirect materials to meet monthly production plans while strategically driving cost reduction and efficiency improvements.

Required Education / Experience / Skills:

•Bachelor's degree Business, Supply Chain Management, Engineering or a related field or equivalent experiences.

• 2 years’ experience in similar position

Travel: If needed.

Language: English 90%

Regal Rexnord is a $6.5B 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.