Strategic Sourcing Manager
1 day ago
The Strategic Sourcing Manager is responsible for developing and implementing commodity/supply chain responsibilities that significantly contribute to year-over-year sales growth and operational improvement through the Total Cost of Ownership (TCO) sourcing process. Primary responsibilities include supplier development, contract negotiations, and supplier selection.
Key Responsibilities & Duties:
- Part of the global sourcing team and responsible for sourcing a cluster of procurement categories at a global and regional level.
- Leads new supplier development and cost reduction projects across the categories assigned at a global and regional level.
- Part of the core team that develops and implements best practice standardization in terms of sourcing processes, procurement market strategies, supplier strategies, and risk mitigation.
- Develops in-depth subject matter expertise specific to assigned categories: procurement market, commodity markets, cost driver, and risk mitigation.
- Source products and services, assist supplier audits, negotiate tooling and pricing, write contracts, perform value analysis to ensure supplier contract and timeline compliance.
- Manage supplier performance metrics and scorecards.
- Working within the category cluster/team, this role is responsible for articulating category sourcing strategy to key stakeholders that include engineering, sales, operations, quality, etc.
- Manage suppliers and make improvements in total cost including terms, freight, unit cost, quality improvement, and inventory reduction.
- Utilize global commodity indexes and macro-environment trends to ensure uninterrupted flow of product at current or better cost.
- Regularly visit suppliers for continuous improvement and developing relationships.
- Performs other duties as assigned.
An individual in this position must be able to successfully perform the essential duties and responsibilities listed above. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.
The above list reflects the general details necessary to describe the principal and essential functions of the position and shall not be construed as the only duties that may be assigned for the position.
Requirements:
- Bachelor’s degree in a technical or business field.
- CPIM and/or equivalent professional certification will be an advantage.
- Travel Requirements – 25% domestic with some international.
- Minimum Seven (7) years’ experience as a commodity leader/manager in the sourcing of raw materials, manufactured components, mechanical equipment or components, services, and purchased complete items.
- Deep expertise in procurement category management with a strong focus on cost reduction, procurement market and supplier strategy, risk mitigation, and contracts setting.
- Solid understanding of commodity markets in a global supply chain environment: steel, aluminum, copper, plastics, paper, etc.
- Must have prior experience of working within a global team and global category management setting.
- Strong strategic sourcing project management experience: able to independently drive new supplier sourcing and/or cost reduction initiatives and meet key sourcing objectives in a timely manner.
- Knowledge of basic manufacturing processes, metal cutting, casting, machining, plastic injection molding, metal fabrication, and electronics.
- Proficiency in reading engineering drawings and specifications will be an advantage.
- Demonstrated experience in global and comprehensive supplier relationships and advanced negotiation techniques.
- Data analysis, problem-solving, and reporting skill sets.
- Experience working in a global supply environment and with international suppliers or colleagues.
- Demonstrated teamwork skills, self-motivated, and strong communication and interpersonal skills.
- Knowledge of Quality Management Systems, ISO, and 6-sigma disciplines, training, and experience will be an advantage.
- Working knowledge of ERP systems such as Oracle, QAD, Fourth Shift, etc. will be an advantage.
Competencies:
- Customer Service (Internal/External) - Manages difficult or emotional customer situations; Responds promptly to customer needs; Solicits customer feedback to improve service; Responds to requests for service and assistance; Meets commitments.
- Ethics - Treats people with respect; Keeps commitments; Inspires the trust of others; Works with integrity and ethically; Upholds organizational values.
- Teamwork - Balances team and individual responsibilities; Exhibits objectivity and openness to others' views; Gives and welcomes feedback; Contributes to building a positive team spirit; Puts success of team above own interests; Able to build morale and group commitments to goals and objectives; Supports everyone's efforts to succeed.
- Analytical - Synthesizes complex or diverse information; Collects and researches data; Uses intuition and experience to complement data; Designs workflows and procedures.
- Problem Solving - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem-solving situations; Uses reason even when dealing with emotional topics.
- Planning/Organizing - Prioritizes and plans work activities; Uses time efficiently; Sets goals and objectives.
- Adaptability - Adapts to changes in the work environment; Manages competing demands; Changes approach or method to best fit the situation; Able to deal with frequent change, delays, or unexpected events.
- Quality Management - Looks for ways to improve and promote quality; Demonstrates accuracy and thoroughness.
- Interpersonal Skills – Focuses on solving conflict, not blaming; maintains confidentiality, listens to others without interrupting; keeps emotions under control; remains open to others’ ideas and tries new things; Maintains confidentiality of all payroll, medical, benefit, and employee-related information.
Physical & Mental Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is frequently required to sit; talk or hear; and use hands to handle, or touch objects or controls. The employee is regularly required to stand and walk. On occasion, the incumbent may be required to stoop, bend, or reach above the shoulders. The employee must occasionally lift up to 30 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.
Benefits:
- Comprehensive health benefits package (medical, dental, vision, etc.) for positions of 30 hours or more per week.
- Health Savings Account with annual employer contribution.
- Company provided Life Insurance, Accidental Death and Dismemberment, and Short-Term Disability.
- Voluntary Life Insurance, Spousal Life, Child Life, Critical Illness, Accident, and Long-Term Disability.
- 401(k) with matching contribution that is fully vested from day one.
- Generous amount of PTO, plus 14 paid Holidays.
- Tuition reimbursement and scholarship opportunity.
- $250 in Lifestyle Reimbursement Account upon completion of annual physical.
- Wellness program with monthly themes, quarterly challenges, onsite flu shot clinics, and biometric screenings.
- Clean and safe work environment.
Equal Opportunity Employer: We are proud to foster an inclusive and diverse workplace culture. We are an equal opportunity employer and are committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetics, or any other characteristic protected by applicable federal, state, or local law. We value diversity and believe that a diverse and inclusive workforce is essential to drive innovation, foster creativity, and achieve success. We welcome and encourage applications from individuals of all backgrounds and are dedicated to ensuring a fair and equitable recruitment and employment process for everyone.
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