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Strategic buyer skills for your resume and career
15 strategic buyer skills for your resume and career
1. Supply Chain
A supply chain is a network or a sequence by which finished products of a company are distributed to retailers and then supplied to the end-users. The distribution of products and services from the production line to the final buyers is carried out in a series of steps including; manufacturing, transportation, and their distribution. The whole supply chain consists of different entities including; manufacturers, transportation, warehouses, suppliers, and retailers. The entities ensure that the products retain their originality while also minimizing the cost of delivery.
- Served an instrumental role in the introduction of e-procurement, auctions/catalog-purchasing methods utilized throughout Delta's supply chain management system.
- Combined procurement strategies of supply chain managers, supplier quality engineering and strategic sourcing teams to support avionics production.
2. Purchase Orders
- Monitored logistics for bottlenecks and created purchase orders; adjusted procedures as needed to maximize department effectiveness.
- Consolidated maverick spend under blanket purchase order and contract with bid/negotiated pricing terms.
3. Strategic Sourcing
- Developed and presented strategic sourcing plan to Baker Hughes Manufacture executives.
- Led strategic sourcing initiatives from conception to completion.
4. Supplier Performance
Supplier performance refers to practices aimed at optimizing a supplier's performance and capabilities.
- Developed, monitored and assessed supplier performance to meet divisional goals and new product development.
- Led Supplier Performance Management activity to drive improvement in PQVC (People-Quality-Velocity-Cost) metrics.
5. Cost Reduction
- Worked collaboratively with upper management examining and calculated prospective cost reductions by sourcing through an offshore vendor.
- Establish annual cost reduction goals and determination of best supplier locations for product manufacturing.
6. Continuous Improvement
Continuous improvement is an ongoing process of improvement of products, services, and processes with the help of innovative ideas. It is an organized approach that helps an organization to find its weaknesses and improve them.
- Drive continuous improvement initiatives throughout the organization.
- Work across quality, production, and materials to drive continuous improvement.
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- Developed long-range strategies in key commodities in an effort to ensure operational stability.
- Lead supplier evaluations and implementation of improvements for assigned IT commodities.
8. Logistics
Logistics is a complete organization and implementation of a problem. Logistics are often considered in a complex business operation, as some works need detailed plannings. Logistics are also used in military action.
- Inventory management and logistics management of all inbound/outbound materials
- Developed processes, guidelines and best practices and trained Asia Pacific logistics team.
9. Supplier Selection
- Evaluate and manage the supplier selection process for direct and indirect purchases.
- Participated in supplier selection and negotiated contractual agreements so as to provide recommendations to managers.
10. RFQ
A request for quotation (RFQ) is a document that a corporation submits to one or more potential suppliers obtaining quotations for a service or product. Typically, an RFQ seeks a detailed list of prices for something that is measurable like hardware and it involves more than the price per item. RFQ, call for bids and invitation for bid generally mean the same thing.
- Improved RFQ turnaround time, using CI tools, from 5 weeks to 2 weeks for non-complex machine parts.
- Issued RFQ's to qualified suppliers and make recommendation based on supplier scorecard and best value tool.
11. Supplier Management
- Develop supplier relationship and supplier management.
- Communicated effectively with supplier management to understand and obtain in-depth knowledge of various aspects of business related to retail purchasing.
12. ERP
Enterprise Resource Planning (ERP) is computer software used by major corporations and organizations for conducting their management and accounting tasks efficiently. ERP systems bind different business processes with each other allowing smoother flow of data between them resulting in swift project assessment and completion.
- Spearheaded numerous process enhancements through ERP system automation.
- Acted as Subject Matter Expert for Purchasing transition from Pro 3 to Oracle ERP business suite.
13. MRP
MRP is an abbreviation of Material Requirements Planning and refers to the control system which is implemented in the planning and management of the activities related to manufacturing. Through MRP, manufacturers can easily schedule the production and it can also be used for inventory. MRP systems are mostly software-based but the process can also be carried out manually.
- Purchased inventory items from domestic and international suppliers to maintain sufficient inventory levels to maintain JIT and MRP inventory control processes.
- Analyzed MRP forecasts and usage, applying thorough knowledge of the company s products and business objectives for sound procurement decisions.
14. Delivery Performance
- Established procedure to monitor supplier delivery performance, resulting in improved delivery tracking and results.
- Added new suppliers to support spares to improve delivery performance over already overburdened production suppliers.
15. Supplier Relationships
- Resulted in improved supplier relationship and statistically documented supplier expectations and results.
- Develop strategic supplier relationships while serving as primary liaison with suppliers.
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List of strategic buyer skills to add to your resume
The most important skills for a strategic buyer resume and required skills for a strategic buyer to have include:
- Supply Chain
- Purchase Orders
- Strategic Sourcing
- Supplier Performance
- Cost Reduction
- Continuous Improvement
- Commodities
- Logistics
- Supplier Selection
- RFQ
- Supplier Management
- ERP
- MRP
- Delivery Performance
- Supplier Relationships
- Product Development
- Lean Six Sigma
- Sigma
- Process Improvement
- PPV
- Cost Savings
- Payment Terms
- R
- On-Time Delivery
- Cost Analysis
- Lean Manufacturing
- ISO
- Inventory Management
- Supplier Quality
- Strong Negotiation
- Contract Negotiations
- Procurement Process
- Internal Stakeholders
- Supplier Contracts
- Contract Terms
- Vendor Relationships
- MRO
- Supplier Development
- Support Production
- NPI
- Global Sourcing
- RFx
- Castings
- Strategic Suppliers
- Product Line
- RFP
- Electrical Components
- RFI
Updated January 8, 2025
