Buyer-Planner - Marlborough, MA

IPG Photonics is revolutionizing the laser industry as the pioneering developer and leading producer of fiber lasers and amplifiers. Headquartered in Marlborough, MA, IPG has over 4,800 employees in more than 25 locations around the world. We aspire to work together with our employees and customers to apply light in ways that improve life.

Our mission is to develop innovative laser solutions to make the world a better place. To accomplish this mission, we are committed to attracting and retaining the best talent and an engaged, diverse, and thriving workforce that drives a sustainable future for our company and society.

Working at IPG Photonics you can expect challenging projects, a motivating and friendly environment, and competitive benefits.

Job Summary

We are seeking a highly organized and detail-oriented Buyer-Planner to join our company's supply chain team. The Buyer-Planner will play a critical role in ensuring the timely availability of materials and components required for production and distribution.

The ideal candidate will have strong analytical skills, a solid understanding of supply chain management principles, and the ability to effectively collaborate with various stakeholders to optimize inventory levels and minimize costs. As a Buyer-Planner, you will contribute to the efficiency and success of our operations by overseeing material planning, forecasting, inventory control, and supplier management processes.

Job Function

• Develop and implement effective material planning strategies to ensure an uninterrupted supply of materials and components for production and distribution.
• Collaborate with cross-functional teams, including procurement, production, sales, and logistics, to forecast material requirements and align them with production schedules and customer demands.
• Monitor inventory levels, analyze demand patterns, and adjust material orders and schedules accordingly to optimize inventory turns and minimize stock outs and excess inventory.
• Conduct regular analysis of historical data, market trends, and supplier performance to improve accuracy in demand forecasting and maintain optimal inventory levels.
• Coordinate with suppliers to ensure on-time delivery of materials, resolve any supply issues, and maintain strong relationships to secure favorable pricing and terms.
• Implement and maintain effective inventory control systems, including the use of inventory management software, to track material movements, monitor stock levels, and minimize carrying costs.
• Evaluate and identify opportunities for process improvements and cost reductions in material planning and inventory management, and lead or contribute to continuous improvement initiatives.
• Prepare regular reports and key performance indicators (KPIs) related to material planning, inventory levels, supplier performance, and other relevant metrics.
• Stay updated on industry trends, technological advancements, and regulatory requirements related to material planning and supply chain management.

• Bachelor's degree in supply chain management, logistics, business administration, or a related field. A master's degree is a plus.
• 5+ years of experience as a Buyer-Planner, Production Planner, or in a similar role within a manufacturing environment.
• Experience with fabricated parts and ability to read CAD drawings is a plus
• Make/Buy Analysis experience
• Experience with ITAR and DFAR is preferred
• Strong knowledge of supply chain management principles, including material planning, demand forecasting, inventory control, and supplier management.
• Proficiency in using inventory management software and advanced Excel skills for data analysis and reporting.
• Excellent analytical and problem-solving abilities with a keen attention to detail.
• Effective communication and interpersonal skills to collaborate with cross-functional teams and build relationships with suppliers.
• Ability to work under pressure, prioritize tasks, and meet deadlines in a fast-paced and dynamic environment.
• Strong organizational and time management skills, with the ability to multitask and handle multiple projects simultaneously.
• Knowledge of lean manufacturing principles and experience with process improvement methodologies such as Six Sigma is a plus.
• Degree in business, logistics, inventory management, or a related field preferred.