Purchasing and Inventory Manager

Company Overview: Trans Canada Wood Products (TCWP), in Barrie Ontario, is one Ontario’s largest distributors of specialty wood products in Ontario. Trans Canada is majority owned by two entrepreneurs, Alan Lever and Stephen Luengo, who have extensive experience owning other Canadian manufacturing and distribution businesses. Trans Canada was acquired by them a year ago with a vision to significantly grow the platform. Just recently, TCWP acquired Muskoka Timber Mills (MTM), a manufacturer of specialty wood products in Bracebridge. MTM’s main products are exterior siding and high end pre-finished products used in interior applications (ceilings, walls, flooring, etc). TCWP and MTM are on an exciting growth and professionalization journey and this position is central to this growth as evidenced by the planned direct reporting relationship to the President.

Overview: As a Purchasing and Inventory Manager, you will play a pivotal role in our organization by overseeing both the procurement process and Inventory management to ensure the efficient and cost-effective acquisition, storage, and utilization of goods. Your responsibilities will encompass strategic sourcing, vendor management, inventory control, and collaboration with internal stakeholders to meet the company's objectives.

Key Responsibilities:

Strategic Sourcing:

• Develop and implement effective procurement strategies to optimize costs while maintaining high-quality standards.
• Identify, evaluate, and select suppliers based on performance, reliability, and product quality.

Vendor Management:

• Cultivate and maintain strong relationships with suppliers to ensure a consistent and reliable supply chain.
• Negotiate contracts, terms, and conditions to secure favorable agreements for the organization.
• Evaluate vendor performance and address issues promptly to uphold service levels.

Inventory Control:

• Implement and maintain effective inventory management strategies to minimize stockouts, overstock situations, and obsolescence.
• Monitor and analyze inventory levels, demand forecasts, and sales trends to optimize stock levels.

Budget Management:

• Work closely with finance and other relevant departments to establish and manage procurement and Inventory budgets.
• Implement cost-saving initiatives without compromising on quality or efficiency.

Cross-Functional Collaboration:

• Collaborate with various departments, including sales, production, quality control, and logistics, to understand their procurement and Inventory needs and challenges.
• Ensure alignment of procurement and Inventory activities with overall business objectives.

Market Research:

• Stay informed about market trends, industry developments, and regulatory changes affecting the procurement and Inventory management landscape.
• Analyze market conditions to anticipate potential risks and opportunities.

Compliance and Risk Management:

• Ensure compliance with company policies and legal regulations in all procurement and Inventory management activities.
• Identify and mitigate potential risks associated with the supply chain and Inventory operations.

Continuous Improvement:

• Regularly assess and enhance procurement and Inventory processes for efficiency, effectiveness, and adherence to industry best practices.
• Implement technology solutions and automation to streamline procurement and Inventory workflows.

Qualifications:

• Supply Chain Management, or a related field. Advanced degree or relevant certifications (e.g., CSCP, CPSM) is a plus.
• Proven experience in procurement, supply chain management, and Inventory control, with a focus on strategic sourcing and vendor management.
• Having worked in wood procurement would be an asset.
• Strong negotiation skills and the ability to build and maintain effective relationships with suppliers and internal stakeholders.
• Analytical mindset with the ability to interpret large data sets and make informed decisions.
• Excellent communication and interpersonal skills.
• Familiarity with procurement and Inventory management software and tools.
• Knowledge of relevant laws and regulations governing procurement and Inventory activities.

Personal Attributes:

• Detail-oriented with a focus on accuracy.
• Results-driven with a commitment to meeting deadlines.
• Ability to work well under pressure and adapt to changing priorities.
• Leadership skills with the ability to motivate and guide a team.

Job Type: Full-time

Salary: $90,000.00-$1,250,000.00 per year

Benefits:

• Dental care
• Extended health care
• Life insurance

Schedule:

• Monday to Friday

Education:

• Secondary School (preferred)

Experience:

• procurement, supply chain management, and Inventory control: 5 years (preferred)

Licence/Certification:

• CSCP, or CPSM (preferred)

Willingness to travel:

• 75% (preferred)

Work Location: Hybrid remote in Barrie, ON L9J 0H6