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Procurement Specialist

Vishay Intertechnology, Inc.
Full-time
On-site
Newport

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. Vishay helps the world’s most in-demand technologies come to life. Every day our products touch your life and the lives of people across the world, though you likely do not know it. Since 1962, we have defined what technology can be through our electronic components—we can also help you define your future. 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. Come join us and help us build the DNA of tech. Vishay's products are around the world, touching nearly everyone, everywhere, all the time. The amazing thing is that often these important components are rarely seen, quietly and reliably operating inside the world’s most popular and important technology products. Their impact on the world is huge—and it’s why we believe that our components really make up the very DNA of technology. As we look to the future, the opportunities are limitless to innovate. Our research and development teams are focused on products that position Vishay to be a leader in growth technologies such as connectivity, mobility, and sustainability. Imagine a job where you get to see the world evolve thanks in part to your projects and products. Imagine your work impacting lives around the world! Along with the freedom and support to build your unique career, comes responsibility. Career advancement is earned, not given, at Vishay. Some of the attributes of successful Vishay employees include: Self-driven and hardworking Intellectually and culturally flexible, curious and eager to learn Excited to give, and receive, a challenge Have strong integrity & ethics Thrive in a teamwork environment We welcome you to identify new opportunities, take chances, and show your ability—speaking up and stepping up will open doors to leadership, cross-team, cross-functional, and cross-border experiences that will define and redefine your development.

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