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Senior Buyer/Planner

Location: Boulder, Colorado, United States - Hybrid

About our Company

Foresight Diagnostics is an early-stage, venture-backed molecular diagnostics company that is developing non-invasive cancer detection technologies to improve the lives of patients worldwide. Our portfolio of cell-free DNA based liquid biopsy tests are rooted in novel and proprietary methods developed at Stanford University. Our approach enables the earlier detection of smaller tumors, leading to more personalized and effective cancer treatment strategies for patients. We have deep expertise in molecular biology, bioinformatics, and Next Generation Sequencing (NGS), and maintain a dynamic, fast-paced work environment with significant opportunities for high-impact contribution and rapid professional growth. Foresight Diagnostics is headquartered in Aurora, Colorado.

About the Role

This position reports to the Director, Supply Chain and will be responsible for buying to overall manufacturing and production plan. This individual will be accountable for ensuring raw materials are available for production according to schedules and customer needs.

What You Will Do

  • Maintain data in purchasing and inventory systems.

  • Solicits and evaluates proposals for the requested material or services

  • Maintains effective and proper relations with suppliers and their representatives

  • Supports production schedules which focus on optimizing raw material costs, purchased components costs, on-time delivery of customer orders, and supplier performance, etc.

  • This effort is coordinated with other supporting departments.

  • Analyzes the requirements of raw materials and components, including specifications, preferred supplier, and date material is needed to support the production schedule

  • Supports and maintains the Supplier Quality program with onboarding new suppliers for all production and manufacturing material.

  • Investigates and/or interviews potential suppliers to determine if they meet the specified requirements

  • Assists team members or management on selecting the appropriate supplier to be used based upon value-cost analysis for material or services

  • Negotiates the cost for the material or services balanced against the optimum quality and schedule needs

  • Assures that the material is delivered on schedule, at the negotiated price, and meets the quality standards of the company

  • Maintains timely control of purchase orders, and other documents to assure accurate retention of records

  • Works closely as a resource to the accounts payable department to ensure suppliers are

    paid on time and billing is accurate

  • Other duties as assigned

What You Will Bring

At minimum a BS in science, business, accounting, or related field, with at least three years of relevant industry experience, including manufacturing, supply chain, or quality control. Broad knowledge of life science reagents or genomics is a plus.

The following skills and experience are requirements for the position:

  • Exceptional attention to detail and cross-functional communication skills

  • Skilled at building and managing schedules, timelines, and inventory allocation

  • Excellent written and verbal communication skills

  • Ability to read, write, and edit working documents

Compensation & Benefits

This role is offering a salary between $90,000 - $120,000 and is eligible for equity offerings. Foresight offers benefits including paid vacation, sick time, and parental leave (if applicable), alongside medical, dental, vision, life, disability coverage, flexible spending accounts, and a 401k with company match.

The application deadline for this position is February 15, 2025.

You will be working on interesting problems with extremely high impact. We promote the professional development of our employees and will encourage upward mobility within the company for high performing employees. Foresight Diagnostics is an equal opportunity employer. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

Average salary estimate

$105000 / YEARLY (est.)
min
max
$90000K
$120000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Senior Buyer/Planner, Foresight Diagnostics Inc.

Are you ready to take your career to the next level with Foresight Diagnostics as a Senior Buyer/Planner? Located in beautiful Boulder, Colorado, our innovative company is at the forefront of cancer detection technology, combining advanced molecular biology and bioinformatics. In this exciting role, you'll report directly to the Director of Supply Chain and play a vital part in ensuring that we have the necessary raw materials for our cutting-edge manufacturing processes. Your keen eye for detail will help maintain our purchasing and inventory systems, solicit and evaluate supply proposals, and foster strong relationships with our suppliers. You’ll analyze material requirements, assist in selecting top-notch suppliers, and negotiate costs—all while supporting timely production schedules and maintaining quality standards. With a collaborative environment that encourages professional growth, you’ll work closely with various teams to optimize our operations while making a significant impact on cancer diagnostics. You’ll also have the chance to contribute to our Supplier Quality program as we onboard new suppliers. Your experience in manufacturing, supply chain, or related fields will help you excel in this role. And with a competitive salary, equity offerings, and an array of benefits to support your well-being, joining Foresight Diagnostics means not only tackling challenging projects but also growing your career in a meaningful way.

Frequently Asked Questions (FAQs) for Senior Buyer/Planner Role at Foresight Diagnostics Inc.
What are the responsibilities of a Senior Buyer/Planner at Foresight Diagnostics?

As a Senior Buyer/Planner at Foresight Diagnostics, your primary responsibilities include maintaining data in purchasing and inventory systems, soliciting and evaluating supplier proposals, and ensuring raw materials are available according to production schedules. You will also manage supplier relationships, analyze raw material requirements, support the Supplier Quality program, and negotiate costs while ensuring timely delivery and adherence to quality standards.

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What qualifications are needed to be a Senior Buyer/Planner at Foresight Diagnostics?

To qualify for the Senior Buyer/Planner position at Foresight Diagnostics, candidates must hold at least a BS in science, business, accounting, or a related field along with a minimum of three years of relevant industry experience. Familiarity with life science reagents or genomics is advantageous, and having exceptional attention to detail and strong communication skills are crucial for success in this role.

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How does the Senior Buyer/Planner contribute to production schedules at Foresight Diagnostics?

The Senior Buyer/Planner at Foresight Diagnostics plays a key role in supporting production schedules by optimizing raw material costs and ensuring on-time delivery of components. Their ability to analyze requirements, negotiate with suppliers, and maintain effective relationships contributes significantly to the seamless operation of the manufacturing process.

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What benefits are offered for the Senior Buyer/Planner role at Foresight Diagnostics?

Foresight Diagnostics offers a competitive salary range of $90,000 - $120,000 for the Senior Buyer/Planner role, along with equity offerings. Benefits include paid vacation, sick time, medical, dental, and vision coverage, life and disability insurance, flexible spending accounts, and a 401k plan with company match, ensuring a comprehensive support system for employees.

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What makes Foresight Diagnostics a great place to work as a Senior Buyer/Planner?

Foresight Diagnostics offers a dynamic and fast-paced environment where employees can make a high-impact contribution to innovative cancer detection technologies. The company promotes professional development and upward mobility for high performers, allowing you to grow your career while being part of a mission-driven team that makes a difference in patients' lives.

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Common Interview Questions for Senior Buyer/Planner
How do you prioritize tasks as a Senior Buyer/Planner?

When prioritizing tasks as a Senior Buyer/Planner, it is essential to consider project deadlines, the urgency of material needs, and supplier lead times. Using a systematic approach to organize and categorize tasks helps ensure critical tasks are addressed promptly while maintaining a clear line of communication with other departments to align with production schedules.

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Can you describe your experience with supplier negotiation?

In discussing experience with supplier negotiation, it's important to highlight specific instances where you've successfully negotiated favorable terms. Talk about the strategies you employed, such as understanding market rates and supplier constraints, and how these negotiations positively impacted cost savings and supplier relationships.

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What metrics do you consider important for evaluating supplier performance?

Key metrics for evaluating supplier performance include on-time delivery rates, quality of materials received, responsiveness to inquiries, and overall cost competitiveness. Sharing how you've used these metrics in the past to enhance supplier partnerships shows a data-driven approach to managing supply chain relationships.

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How do you ensure the accuracy of your purchase orders?

Ensuring the accuracy of purchase orders requires careful attention to detail and a thorough review process. By cross-checking order specifications against inventory levels and supplier confirmations, and utilizing purchasing systems with error-checking capabilities, I minimize discrepancies and enhance the efficiency of the procurement process.

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Describe a time when you had to handle a supply chain disruption.

When addressing a supply chain disruption, it's crucial to present a specific example. Talk about the nature of the disruption, how you quickly assessed the situation, and the steps you took to communicate with stakeholders and find alternative solutions, demonstrating problem-solving skills under pressure.

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How do you manage relationships with suppliers?

Managing relationships with suppliers involves regular communication, transparency, and mutual respect. Scheduling regular check-ins, providing feedback, and addressing issues promptly helps nurture long-term partnerships, which are vital for maintaining reliable supply chains.

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What strategies do you use for inventory management?

Effective inventory management strategies include conducting regular audits, employing just-in-time techniques, and utilizing inventory management software. Highlight specific tools or methods you've successfully implemented to maintain optimal inventory levels and avoid overstock or stockouts.

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How would you handle a disagreement with a supplier?

Handling a disagreement with a supplier involves remaining professional and seeking a mutually beneficial solution. Listening to the supplier’s perspective, being open to negotiation, and finding common ground can help resolve conflicts while preserving the business relationship.

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What do you believe is critical for success in the Senior Buyer/Planner role?

Success in the Senior Buyer/Planner role hinges on strong analytical skills, effective communication, and the ability to build relationships. Demonstrating how these qualities enable you to meet production needs efficiently and support the company's objectives will resonate well in an interview.

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How do you stay informed about industry trends and developments?

Staying informed about industry trends can be achieved through subscribing to relevant publications, participating in professional networks, and attending industry conferences. Sharing specific resources demonstrates your commitment to continuous learning and staying ahead in the field.

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Full-time, hybrid
DATE POSTED
January 6, 2025

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