Cadence, Inc., is seeking a Buyer at our Watertown, CT facility. The purpose of the Buyer role is to ensure that the organization’s supply chain functions smoothly and efficiently through the procurement of goods and services; including sourcing, negotiating, and acquiring the necessary items to meet the organization’s needs.

Essential Duties and Requirements:

• Negotiate terms and conditions with suppliers, including price, delivery schedules, payment terms, and other contractual terms to ensure favorable agreements for the organization.
• Conduct research to identify potential suppliers, assess market trends, and stay informed about industry developments.
• Generate and manage purchase orders, specifying the details of the products or services being purchased, delivery schedules, and other relevant information.
• Build and maintain positive relationships with suppliers. Communicate regularly to ensure smooth transactions and address any issues that may arise.
• Analyze costs associated with the procurement process, seeking opportunities for cost reduction without compromising quality or service.
• Collaborate with other departments to ensure that the procurement process aligns with the overall supply chain strategy and organizational goals.
• Assess and manage risks related to the supply chain, including potential disruptions, supplier financial stability, and geopolitical factors that may impact the procurement process.
• Work with suppliers to establish and maintain quality standards. Monitor and evaluate supplier performance to ensure compliance with quality requirements.
• Develop and manage contracts with suppliers, outlining the terms and conditions of the relationship, including delivery schedules, payment terms, and performance expectations.
• Ensure that all procurement activities comply with relevant laws, regulations, and organizational policies.
• Collaborate with budgeting teams to ensure that procurement activities align with the organization’s financial constraints and objectives.
• Work with other departments to forecast demand for goods and services, ensuring that the procurement process meets the organization’s needs.
• Maintain accurate and organized records of procurement activities, including contracts, purchase orders, and communication with suppliers.
• Identify opportunities for process improvement within the procurement function and contribute to the development of best practices.
• Explore and promote supplier diversity initiatives, fostering relationships with suppliers from various backgrounds.
• Collaborate with internal stakeholders, including production, logistics, and finance teams, to ensure a cohesive and efficient procurement process.
• Stay updated on emerging technologies in procurement, such as e-procurement tools and automation, to enhance efficiency and effectiveness.
• Develop contingency plans for potential disruptions in the supply chain and take proactive measures to address crises or unforeseen challenges.

Computer Skills:

• Strong working knowledge of Microsoft Suite, Excel, Outlook.
• Familiarity with ERP systems and e-Procurement software.
• Previous experience with SRM (Supplier relationship management software)

Physical Demands: Should be able to function in both office and manufacturing environments. This may include time between an office environment and production floor. Must be able to tolerate sitting and working with a computer for extended periods of time. Fine motor skills are utilized when typing and using various office machines. Requires clear verbal communication, hearing ability and clear vision or reasonable alternative. Ability to move throughout our facility safely and effectively and interact with employees
Monday-Friday 8:00am-4:30p

• Negotiate terms and conditions with suppliers, including price, delivery schedules, payment terms, and other contractual terms to ensure favorable agreements for the organization.
• Conduct research to identify potential suppliers, assess market trends, and stay informed about industry developments.
• Generate and manage purchase orders, specifying the details of the products or services being purchased, delivery schedules, and other relevant information.
• Build and maintain positive relationships with suppliers. Communicate regularly to ensure smooth transactions and address any issues that may arise.
• Analyze costs associated with the procurement process, seeking opportunities for cost reduction without compromising quality or service.
• Collaborate with other departments to ensure that the procurement process aligns with the overall supply chain strategy and organizational goals.
• Assess and manage risks related to the supply chain, including potential disruptions, supplier financial stability, and geopolitical factors that may impact the procurement process.
• Work with suppliers to establish and maintain quality standards. Monitor and evaluate supplier performance to ensure compliance with quality requirements.
• Develop and manage contracts with suppliers, outlining the terms and conditions of the relationship, including delivery schedules, payment terms, and performance expectations.
• Ensure that all procurement activities comply with relevant laws, regulations, and organizational policies.
• Collaborate with budgeting teams to ensure that procurement activities align with the organization’s financial constraints and objectives.
• Work with other departments to forecast demand for goods and services, ensuring that the procurement process meets the organization’s needs.
• Maintain accurate and organized records of procurement activities, including contracts, purchase orders, and communication with suppliers.
• Identify opportunities for process improvement within the procurement function and contribute to the development of best practices.
• Explore and promote supplier diversity initiatives, fostering relationships with suppliers from various backgrounds.
• Collaborate with internal stakeholders, including production, logistics, and finance teams, to ensure a cohesive and efficient procurement process.
• Stay updated on emerging technologies in procurement, such as e-procurement tools and automation, to enhance efficiency and effectiveness.
• Develop contingency plans for potential disruptions in the supply chain and take proactive measures to address crises or unforeseen challenges