Analysis Skills, Contract Negotiation, Cost Control, Demand Forecasting/Planning, Financial Trend Analysis, Forecasting, Inventory Costs, Inventory Levels, Inventory Management, Market Tracking, Market Trend Analysis, Materials Management, Pricing, Procurement Management, Production Schedule, Production Support, Purchasing/Procurement, Risk Management, Supply Chain, Time Management
The Purchasing Analyst is responsible for analyzing work order demand forecasted maintenance requirement and historical usage to ensure timely procurement of parts materials and services. This role works closely with the Purchasing Supervisor Director of Materials and Operations to help maintain optimal inventory levels control costs and mitigate supply chain risk. May also support contractual negotiations with vendors.
Key Responsibilities:
• Analyze work orders repair forecasts historical usage and maintenance requirements to determine material demand.
• Identify high usage high value long lead-time and critical components requiring advanced purchasing or provisioning.
• Monitor market conditions supplier availability and pricing trends to anticipate shortages and cost increases.
• Coordinate with Materials and Operations team to maintain appropriate inventory levels while minimizing excess and obsolescence.
• Ensure parts availability supports production schedules.
• Work with the Purchasing Supervisor to support vendor negotiations pricing agreements and long-term contracts.
• Identify cost-saving opportunities through bulk purchasing alternate sourcing or timing purchases ahead of pricing escalation.
H
HEICO Corp
HEICO Corporation is a successful and growing technology-driven aerospace, industrial, defense and electronics company. For more than 60 years, HEICO has thrived by providing customers with innovative and cost-saving products and services.
HEICO's products are found on large commercial aircraft, regional, business and military aircraft, as well as on a large variety of industrial turbines, targeting systems, missiles and electro-optical devices.
HEICO Corporation is a New York Stock Exchange listed company (NYSE: HEI and HEI.A) and has also been ranked as one of the 100 "World's Most Innovative Growth Companies", 100 "Best Small Companies" and 200 "Hot Shot Stocks" by Forbes over the past decade. With headquarters in Hollywood, Florida, and multiple locations around the world - HEICO provides over 1 million square feet of design, manufacturing, repair, overhaul, distribution, sales and support capabilities.
HEICO Corporation operates in two segments, the Flight Support group and the Electronic Technologies group. The Flight Support group designs, engineers, manufactures, repairs, distributes and overhauls FAA-approved parts that extend over the entire aircraft, from the engines all the way to hydraulic, pneumatic, electromechanical, avionic, structures, wheels and brakes and even interiors.
The Electronic Technologies group produces electrical and electro-optical systems and components serving niche segments of the aerospace, defense, communications, and computer industries. The Electronic Technologies group is a worldwide leader in the design, manufacture and sale of electrically and electro-optical engineered products used in the aerospace, defense, space, and electronics industries.
By combining state-of-the-art technologies, a team of highly skilled Team Members and an indisputable commitment to quality, both segments have constantly delivered invaluable solutions to customers over the years, helping to position them as leaders within their industries.