Magnetic Technologies Corporation • Marengo, IL 60152
Job #2777546246
Job purpose
Directly supports our Purchasing Manager in the screening and procurement of all items necessary to support plant production operations in a timely and cost effective manner. Employs our SyteLine Enterprise Resource Planning (ERP) system to identify material requirements and initiate purchasing. Ensures that all company procedures are upheld while doing so. Works closely with our Engineering Team to prepare total cost estimates for projects.
Duties and responsibilities
Processes purchase order requests, issues purchase orders to vendors and changes orders as needed utilizing our ERP and procedures
Develops and manages a range of machine shop vendors from commodity to precision tolerance work as well as manage vendors for our own in house machining
Aids in make/buy decisions for machining parts orders
Works with Arnold’s internal Machine Center to compare internal costs versus outside costs
Supports Engineering Department in obtaining cost of precision machined components, assemblies and coating
Works with Engineers during job planning to prepare total cost for materials and labor estimates including project lead time
Develops and maintains the product costing process and procedures including current materials cost data and labor cost data by suppliers and fabricator to enable exceptional customer service and timely and accurate cost estimations
Understands materials, labor, outside processing overhead costs and additional accounting and financial elements of total costs and has knowledge of importing products into US.
Assesses cost effectiveness of products, projects or services and tracks actual costs relative to bids as the project develops
Works with Accounts Payable department to resolve billing issues
Obtains quotes as needed and works with existing and new vendors to improve our cost position and delivery times
Works with Quality to resolve vendor quality issues
Estimates values according to knowledge of market price
Develops and maintains cost sheets for standard services
Supports supplier innovation activities
Reviews ERP for needed items
Performs other duties as assigned
Qualifications
Minimum three years of purchasing experience in an OEM environment
Familiarity with SyteLine Enterprise Resource Planning (ERP) computer systems is a plus
Knowledge of mills, lathes, manual CNC and other machining equipment is desire
Bachelor's degree is perferred, but equivalent experience will also be considered
Experience in sourcing internally and familiar with import regulations.
Proficiency with Microsoft Office Suite is required.
Flexibility and responsiveness in a fast-paced environment are required.
Working conditions
Full time position
Standard office work environment
Some parts of job may require off-site work, such as meetings or seminar
Physical requirements
Could require intermittent and long periods of sitting and/or standing.
Periodic lifting of materials and files not to exceed 25 pounds.
Direct reports
Not Applicable
#ALN
MGO
PTM
Location change as of January 2025 to 1005 Courtaulds Drive, Woodstock IL 60098
Arnold Magnetic Technologies is an equal opportunity employer and does not discriminate on the basis of any legally protected status or characteristic. Minority/Female/Sexual Orientation/General Identity/Disability/Veteran |
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