Materials Manager
1 month ago
As the Materials Manager at ITW Welding's Power Systems Division, you will lead the development and performance of all global procurement and supply chain activities, managing approximately $200 million in direct and indirect spend. Your expertise will ensure our new product development remains competitive through meticulous evaluation of the Total Cost of Ownership (TCO).
Key Responsibilities- Negotiate with suppliers, manage contracts, and build strong relationships.
- Track supplier performance and provide feedback for opportunities through quarterly business reviews, root cause analysis, and audits.
- Analyze supplier financial position to assess viability by assessing strengths, weaknesses, tracking KPIs, and financial development of supplier.
- Utilize historical and current demand to provide Market Rate of Demand (MRD) outlook to suppliers on an as-needed basis to support customer demand and production, ensuring supplier compliance with MRD commitments for lead time and holding of finished goods.
- Monitor contract compliance and re-negotiate contract improvements.
- Support ITW supplier diversity metrics.
- Develop category-specific sourcing strategies by analyzing internal and external data.
- Determine best manufacturing process; insource vs outsource.
- Manage New Product Development projects; materials through end of life controlling scrap, onboarding new suppliers, and ramp up of new parts working closely with engineering.
- Manage supply risk analysis for multiple locations working with internal/external teams to validate raw material alternatives to maintain supply and offset price increases.
- Monitor and own KPIs: MOH (months on hand) and inventory grading risk for raw materials as well as cycle counts, PPV.
- Present key materials trends, issues, and inflation & deflation forecast to the Division to manage monthly, quarterly, and annual outlook.
- Driven to make a positive impact: self-starter, conscientious, detail-oriented, enthusiastic with a positive attitude and able to work with ambiguity.
- Able to work effectively and efficiently under tight timelines in a fast-paced manufacturing environment.
- People leadership and drive accountability: empower team members to take initiative, make decisions, and contribute to strategic goals.
- Negotiate and Influence: knowledgeable in category management and strategic sourcing with knowledge of business improvement techniques and their practical application.
- Analysis & Strategy: understand category-specific business, technology, and market trends. Ability to understand supply market and alternative/competitive products within the industry.
- Communication & Presentation Skills: excellent verbal and written skills both business and technical nature with strong presentation skills.
- Build collaborative relationships: ability to identify, assess, and execute savings initiatives beyond the traditional Raw Material price negotiations (e.g., Value Analysis/Value Engineering) and to successfully work cross-functionally (primarily engineering) to get these projects completed.
- Business Acumen: ability to understand financial concepts, invoicing, accounts payable, and other financial business processes. Interprets financial data, analyzes cost structures, and determines financial impacts of decisions.
Qualifications: Bachelor's Degree in Ops Management, Supply Chain Management, Business or equivalent. 3-5 years' experience in professional strategic sourcing in an international industrial business. 5-7 years' experience in leading a team of direct reports and track record of people development. Strong Microsoft Office and ERP-system skills required.
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