Category Sourcing Strategist

1 week ago

Eden Prairie Minnesota, United States MTS Systems Full time
{"title": "Category Sourcing Lead", "description": "Job Summary

MTS Systems is seeking a skilled Category Sourcing Lead to develop and implement sourcing strategies that optimize business partnerships with strategic suppliers. This role is responsible for driving required performance objectives in quality, delivery, and cost for assigned commodities.

Main Responsibilities
  • Develop, communicate, and execute commodity strategy throughout the organization by planning, organizing, and controlling strategic activities to provide a competitive advantage in best value, lead-time, service, quality, and technology.
  • Locate, analyze, and develop a consolidated best-in-class supplier base to meet current and future commodity needs, focusing on best value country, spend under contract, and total landed cost and/or total cost ownership.
  • Define an annual plan that consists of key projects to support commodity strategies and gain support from stakeholders, responsible to track, communicate, and execute projects to plan.
  • Provide commodity knowledge and market expertise for assigned commodity and continuously learn new technologies, processes, regions, and industry best practices.
  • Understand and track the key input cost drivers and market factors for assigned commodities, provides countermeasure concepts, forecasts, and maintain costing and \"should-be cost model\".
  • Direct and lead the negotiation and management of contracts/agreements for assigned commodities with medium- to high-risk/complexity, assign, lead, provide direction, guidance, and coaching to the team on low- to medium-complexity negotiations.
  • Provide escalation support to the procurement team for all major part(s) shortage(s) and continuity issues within your commodity base, develop, monitor, and perform countermeasure plans and escalate to the Director of Global Sourcing prior to any major impacts on production or revenue.
  • Define, train, and lead an RFX (RFI, RFP, RFQ) process for assigned products that delivers best value on high dollar items, critical parts, and large-scale quoting projects.
  • Ensure relationship, development, and management of Key Supplier Leadership including integrated strategic plans and on-going cross-organizational continuous improvement efforts through QBRs.
  • Lead new Supplier Selection process to incorporate new technologies, strategic advantages, cost down initiatives, lead-time reduction, and prevent dispersion of spend to non-strategic suppliers.
  • Exercise strong communication skills to ensure alignment with product management, engineering, and operations teams during implementation of commodity strategies, ensure you are delivering competitive enablers for the business by providing the highest performing and lowest total cost solutions in support of commercial teams.
  • Manage assigned category portfolio and aggressively seeks opportunities for cost containment and/or improvement, develop performance metrics for the materials category, benchmark and utilize best practices sourcing within the category portfolio.
  • Negotiate complex agreements with global suppliers that may include protection of IP, co-development, technology partnerships etc., develop contingency plans to mitigate risk of non-performance of sole-sourced vendors, additionally, negotiate blanket contracts to maximize savings over multiple years of spend, including performance clauses and all other terms and conditions.
  • Develop category sourcing plans and lead resources in the identification of potential suppliers, requirements documentation, RFI and RFQs, bid and price analysis, negotiation and contract award, and supplier performance management.
  • Communicate category specific metrics, leading indicator data, and external market factors that could impact cost and supply.
  • Conduct periodic reviews of vendor performance and establish goals for on-time delivery, quality, qualitative elements, and cost reduction, ensure completion of resulting action items.
", "lang_code": "en-US"}

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