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  • New Product Development Buyer

    Banner Engineering (Minneapolis, MN)



    Apply Now

    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 projects simultaneously in a fast-paced environment.

    + Familiarity with supplier qualification, RFQ analysis, and cost modeling.

    + Strong negotiation, analytical, and communication skills.

    + Strong knowledge of mechanical components (castings, machined parts, plastics, stampings, fasteners, etc.).

    + Must possess strong project management skills and the ability to collaborate effectively with individuals at all organizational levels.

    + Up to 15% travel, both domestic and international

     

    Preferred

     

    + Experience with Oracle

    + Experience in industrial automation, sensors, or safety equipment manufacturing.

    + Exposure to global sourcing and supplier development.

    + Knowledge of trade compliance, freight optimization, and landed cost analysis.

    + Background in cost-reduction initiatives and value engineering principles.

    Supervisory Responsibilities

    + This position has no direct supervisory responsibilities.

     

    What to Expect at Work

     

    Physical Demands

     

    The physical demands described here must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to support individuals with disabilities.

     

    + Sit for up to 8 hours per day.

    + Continuous movement, walking, or standing.

    + Exposed to a computer screen for extended periods

    + May require repetitive motions such as utilize a computer mouse, keyboard, computer, and other standard office equipment.

    + Communicate with others frequently.

    + Occasionally lift and/or move objects up to 25 pounds.

    + Ability to work on-site in a manufacturing environment and travel to other facilities when needed.

    + Ability to travel by car/airplane to customer sites frequently (15%)

     

    Working Environment

     

    The work environment characteristics described here are representative of those you may encounter while performing the essential functions of this job.

     

    + Corporate office environment - indoor and climate-controlled

    + Travel domestic and internationally by car or airplane

     

    Core Values

     

    Customer Driven, Accountability Focused, Integrity Always, New Solutions - Every Day

     

    If you excel in a dynamic, collaborative environment and are looking for meaningful challenges and opportunities to grow, you'll find a great fit here. Banner Engineering is a premier employer headquartered in MN, offering competitive compensation, comprehensive benefits, and opportunities for professional development as we rapidly grow in the Industrial Automation industry.

     

    Banner Engineering is an equal opportunity employer that considers all qualified applicants without regard to race, color, religion, sex, sexual orientation, national origin, disability, or protected veteran status.

     

    Affirmative Action (AA)/Equal Opportunity Employer (EOE) M/F/D/V

     

    This job description reflects management's assignment of key responsibilities; it does not prescribe or restrict the tasks that may be assigned.

     

    Equal Opportunity Employer

     

    This employer is required to notify all applicants of their rights pursuant to federal employment laws.

     

    For further information, please review the Know Your Rights notice from the Department of Labor.

     


    Apply Now



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