Peerless Electronics Inc., an employee-owned company founded in 1945 and based in Hauppauge, New York, is a full-service, authorized stocking distributor supporting military, aerospace, industrial, transportation, and medical sectors. Peerless provides an extensive inventory, including switches, circuit breakers, thermostats, and sensors, along with over 50 value-added services and customized technical support. Peerless is committed to quality, innovation, and supporting customer needs in specialized industries.
The Business Development Buyer is responsible for managing, developing, and growing assigned supplier lines within the company’s electronic component portfolio. This individual will focus on maximizing profitability, driving supplier engagement, and identifying growth opportunities among strategic but under-leveraged manufacturers. The role requires strong analytical, relationship-building, and negotiation skills, along with a solid understanding of the electronic distribution marketplace.
Responsible for the following essential functions:
Supplier Management & Growth
- Manage purchasing activities and supplier relationships for assigned 2nd and 3rd tier lines.
- Identify and execute strategies to grow revenue and margin within assigned lines.
- Work closely with suppliers to secure competitive pricing, improved lead times, and marketing support.
- Negotiate terms and conditions, rebates, and stocking programs to enhance profitability.
- Develop and implement business plans with suppliers to align with company growth initiatives.
Strategic Sourcing & Purchasing
- Analyze line performance to optimize inventory levels and minimize excess/obsolete material.
- Source alternative components to support customer requirements and mitigate supply chain risk.
- Monitor market trends, pricing fluctuations, and supply constraints within assigned product categories.
- Collaborate with sales and marketing teams to identify new product opportunities and line expansions.
Operational Excellence
- Maintain accurate supplier and part data in ERP systems.
- Ensure timely purchase order placement and order acknowledgment tracking.
- Resolve supplier delivery, quality, or performance issues in coordination with quality and operations teams.
Key Performance Indicators (KPIs)
- Line revenue and gross margin growth
- Inventory turns and reduction in slow-moving/excess inventory
- Supplier engagement and support activity
- On-time delivery and purchasing accuracy
Required Experience & Skills:
- 3–5 years of experience in electronic component distribution or manufacturing preferred.
- Experience within the military, aerospace, or industrial sector
- Proven success in supplier relationship management and negotiation.
- Experience managing multiple product lines or suppliers simultaneously.
- Strong analytical and Excel skills for forecasting and cost analysis.
- Excellent communication and interpersonal skills for cross-functional collaboration.
- Detail-oriented with the ability to manage competing priorities in a fast-paced environment.
- Working knowledge of ERP systems is a plus.
Physical Requirements:
- Hand dexterity ability (ability to operate telephone, computer)
- Ability to sit for extended periods of time
- Occasional Travel - up to 10% of the time
Work Authorization:
Position requires candidate to be a U.S. person as defined in ITAR, 22 CFR 120.15 (U.S. Citizenship or Resident Alien Status) and defined by 8 U.S.C. 1101(a) (20).
Compensation:
$26.45-$31.25 per hour depending on experience
