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Lead Sourcing Strategist
2 months ago
Company Overview
ITW Construction is a significant segment within the ITW portfolio, generating approximately $2.0 billion in revenue. We specialize in a diverse range of fastening systems and truss products catering to commercial, residential, and renovation markets. Our operations span across North America, Europe, Asia, New Zealand, and Australia, with renowned brands such as Paslode, Buildex, SPIT, Ramset, Red Head, Alpine, and ITW Brands.
The Global Tool Unit (GTU) is an integral part of ITW's Construction Segment, dedicated to innovating, developing, and manufacturing top-tier Power Fastening Systems for the construction industry worldwide. Our tools are designed for various applications, including wood framing, wood trim, and steel-to-concrete installations.
At ITW, we provide our employees with opportunities for career advancement, competitive compensation, and a comprehensive benefits package aimed at supporting their well-being and future.
Position SummaryThe Senior Sourcing Manager will play a crucial role in enhancing the technical, sourcing, and performance aspects of our supply chain. This position is responsible for formulating strategies for all commodities and managing supplier relationships to facilitate significant long-term material cost reductions and improve supply chain risk management. The role directly influences an annual global expenditure of $30 million and serves as the primary liaison between the GTU and its suppliers.
Key Responsibilities- Formulate and implement global strategies focusing on risk management for a portfolio of '80' parts, ensuring alignment across all GTU locations and the ITW Enterprise.
- Lead the GTU sourcing team to identify cost-saving opportunities through market benchmarking, supplier development, and Value Engineering initiatives.
- Establish and manage a comprehensive supplier management program, including contract negotiations, performance evaluations, savings targets, risk management, efficiency improvements, and fostering positive supplier relationships.
- Possess a strong understanding of the technical functionalities of product components, including electronics, casting, machining, plastic injection, and extrusion.
- Ensure timely and accurate submissions of Production Part Approval Process (PPAP) documents by suppliers.
- Develop and implement formal risk mitigation strategies to safeguard the revenue stream for the Global Tool Unit.
- Stay informed on market trends and indexes, analyze supplier cost structures, and conduct competitive market analyses to minimize cost impacts and mitigate risks.
- A Bachelor's degree is required; a Master's degree is preferred.
- Minimum of 5 years of relevant experience, particularly in plastics, resin, or electronics supply chains within manufacturing or product development settings.
- 5+ years of experience in sheet metal fabrication, casting, and metals.
- Demonstrated capability in leading and managing cross-functional teams and projects.
- Strong negotiation skills with a proven ability to influence stakeholders without direct authority.
- Solid understanding of demand management and replenishment principles, with the ability to execute effectively.
- Proven experience in project management.
- Ability to analyze product costs and comprehend underlying cost drivers.
- Effective communication skills, both verbal and written, with strong listening abilities.
- Willingness to travel domestically and offshore as required, with the ability to travel up to 20%.
- Extensive knowledge of multiple commodities, including electronics, casting, machining, and plastic injection.
- Experience in sourcing, purchasing, quality control, and engineering fields.
- Timely Decision Making
- Results Orientation
- Proactive Initiative
- Negotiation and Supplier Management
- Project Management Excellence
- Influencing and Leadership Skills
- Strategic and Critical Thinking
- Exceptional Problem-Solving Abilities
- Creative Relationship Building
The characteristics of the work environment described here are representative of those an employee may encounter while performing the essential functions of this role. Reasonable accommodations may be made to enable individuals with disabilities to perform these functions.
While executing the responsibilities of this position, employees may be exposed to fumes, airborne particles, varying climates, and moving mechanical equipment typically found in a manufacturing setting. The noise level in the office environment is generally low, but it may be significantly higher in manufacturing areas. Personal protective equipment is required in these areas.
Physical DemandsThe physical demands outlined here are representative of those that must be met by an employee to successfully perform the essential functions of this role. Reasonable accommodations may be made to enable individuals with disabilities to perform these functions.
Employees may occasionally lift and/or move up to 40 pounds and must be able to navigate an active construction site in various weather conditions. Adherence to specific job site safety protocols and equipment is required. Vision requirements include close, distance, peripheral vision, depth perception, and the ability to adjust focus. Regular activities include reaching with hands and arms, talking, and listening, along with frequent standing, walking, and sitting.
Company CommitmentITW is a Fortune 500 diversified manufacturer of specialized industrial equipment, consumables, and related services. Our businesses serve local customers and markets globally, with a strong presence in both developed and emerging markets. We operate in 58 countries and employ approximately 50,000 individuals who uphold the highest ethical standards. Our talented workforce, many with specialized engineering or scientific expertise, contributes to our global leadership in innovation, supported by a robust portfolio of nearly 12,000 active patents.
All information will be kept confidential in accordance with EEO guidelines.
ITW is an equal opportunity employer, valuing the unique perspectives, experiences, and ideas of our colleagues. We strive to create workplaces where everyone can develop their careers and reach their full potential.
As an equal employment opportunity employer, ITW is committed to fair treatment for all employees throughout the hiring process and all aspects of the employment relationship.
All qualified applicants will receive consideration for employment without regard to race, color, sex, gender identity, sexual orientation, religion, national origin, age, disability, protected Veteran status, or any other characteristic protected by applicable federal, state, or local laws.
