New Product Development Buyer

Why Work at Banner?

For over 50 years, Banner Engineering has been at the forefront of industrial automation. We offer products and solutions including award-winning sensors, wireless solutions, machine safety, indication and LED lighting. From Fortune 500 leaders to innovative startups, Banner's award-winning products and solutions are helping companies around the world increase efficiency, reduce costs, safeguard equipment, and protect personnel. Our commitment to innovation shows through a continuous, market-driven evolution of products and technology. With engineers employed in nearly every major department, engineering is in our DNA.

Banner is a rapidly growing company that offers many personal development opportunities, an excellent benefits package, and a collaborative team of employees who are passionate about what they do.

Pay and Benefits

Banner Engineering is committed to offering competitive pay and benefits, including, but not limited to:

• 401(k) with match
• Student Loan 401(k) match program
• Medical, Dental, and Vision Insurance Plans
• HSA (Health Savings Account) with company contribution
• Paid Time Off (PTO)
• Sales and Profit Sharing Elegibility
• Flexible work hours
• Life Insurance
• Paid Parental Leave
• Pet Insurance

Base Pay Range: $72,583 - $102,402

The estimated range is the budgeted amount for this position. Final offers are based on various factors, including skill set, experience, location, qualifications and other job-related reasons. Please note some career sites assign estimated compensation ranges that may not accurately reflect what is offered by Banner Engineering.

Position Summary

In this role you’ll be an important link between our NPD (new product development) team and our supply chain by evaluating and selecting the suppliers for various manufactured mechanical parts. We’ll call on your strong project management skills to assemble data, identify problems and develop recommendations to support our supply chain staff and Operations management; you’ll also be involved with analytics for all our operations including manufacturing, quality, test and Applied Engineering.  In this role you’ll help evaluate and select suppliers for various manufactured mechanical parts.    Your involvement will be with both domestic and international suppliers, and this is a permanent position.

What You’ll Be Doing

This is a great opportunity for someone who enjoys working both individually and collaboratively, staying on top of tasks, and making a meaningful impact across teams and projects. Below are some key responsibilities of the role.

Key Responsibilities

• Search for, evaluate, and help qualify potential new suppliers capable of meeting technical, quality, cost, and delivery requirements.
• Issue RFQs, analyze supplier responses, and provide data-driven sourcing recommendations.
• Support early supplier involvement (ESI) during design phases to improve manufacturability and reduce development lead time.
• Establish, track, and maintain supplier performance metrics (quality, delivery, cost, responsiveness).
• Monitor and report procurement risks, escalating issues to maintain project milestones.
• Help identify and drive cost-reduction opportunities and implement value-engineering solutions.
• Coordinate with R&D and Operations teams to address sourcing challenges, identify problems, and develop recommendations.
• Align sourcing decisions with long-term commodity strategies defined by the company.
• Plan and coordinate with NPD teams on new parts and volumes, ensuring alignment with product launch forecasts.
• Reduce procurement costs by implementing proper ordering and delivery parameters, considering landed cost analysis.

What You Bring to the Table

To perform this job successfully, you must be able to perform each essential duty satisfactorily, and regular attendance is required. The requirements listed below are representative of the knowledge, skill, and/or ability required to perform this job. Reasonable accommodations may be made to support individuals with disabilities.

Required

• Bachelor’s degree in Supply Chain, Business, Engineering, or related field (or equivalent work experience).
• 3+ years of experience in sourcing or supply chain, preferably within an industrial manufacturing environment.
• Strong quantitative and analytical skills with the ability to interpret complex data and translate insights into actionable recommendations.
• Proficiency in ERP/MRP systems and Microsoft Office Suite.
• Ability to manage multiple projec