New Product Sourcing Manager

3 days ago


Faribault, United States Inside Talent, Inc. Full time
Job DescriptionJob Description

Our client is a leader in power distribution equipment and related services at the heart of supporting their electrical infrastructure. Team members focus on producing the highest quality products in the industry and providing industry-leading service. Safety and integrity are their guiding principles, and they work together to achieve excellence for their customers every day. Our client's team members are their most important asset, and they expect this position to play a critical role in achieving their objectives.


Our client is in search of a New Product Sourcing Manager. In this role, you will be involved in the development of innovative market-facing technology that will provide customers with custom products, integrated systems, and service solutions with disruptive industry speed, scale, and response while providing a safe, innovative, and enriched work environment that delivers best in class results. This role will report to the Director of Sourcing and will be based in Troy MI, Burnsville, MN, or Faribault, MN.


In this role, you will:


  • Develop, execute, and monitor the sourcing strategy while enabling compliance, speed, urgency, and flexibility.
  • Know and communicate sourcing risks early in the development cycle to drive mitigating designs and or focused supplier development.
  • Drive supplier evaluation, selection, development, qualification, and product launch ramp-up aligned with team milestones.
  • Identify potential new sources in technologies where existing relationships do not yet exist.
  • Document and manage overall project sourcing strategies
  • Report at each progressive phase gate.
  • Track and manage supplied component quality, supply risk, material cost, response/lead time, and technology advancement for the full device bill of material (for both the new and legacy components).
  • Manage and coordinate all sourcing project deliverables.
  • Implement, manage, and monitor contractual documents including confidentiality agreements (CDAs), master service agreements (MSAs), single project services agreements (SPSAs), research agreements (RAs), etc., as applicable to ensure that these documents are current and cover key elements including IP protection, supply terms and conditions, and Environmental and quality requirements.
  • Support the set-up of funds, reconciliation of invoices, and payments, and run remittance reports.
  • Develop, implement, and monitor performance measures and continuous improvement of technical integration and externalization utilizing data analysis and visualization tools and platforms.



To succeed in this role, you have:


  • Bachelors degree in engineering, electromechanical or mechanical
  • 7 years of experience in a sourcing, project management, or product development role
  • 5 years of experience or collaborating in electrical or mechanical engineering roles
  • Strong negotiation skills
  • Technical sourcing or new product introduction experience
  • Knowledge of specific technologies to applicable categories
  • Lean Manufacturing experience or Six Sigma experience, preferred
  • A willingness to travel 15 20%


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