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Senior Procurement Manager

2 months ago

Libertyville, Illinois, United States ITW Full time
Job Overview

Company Overview

ITW Construction is a prominent segment with an annual revenue of approximately $2.0 billion, specializing in a diverse range of fastening systems and truss products tailored for commercial, residential, and renovation markets. Our global manufacturing footprint serves various regions, including 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) operates within ITW's Construction Segment, focusing on the innovation, development, and production of superior Power Fastening Systems for the worldwide construction industry. Our uniquely designed tools are utilized across multiple applications, including wood framing, wood trim, and steel-to-concrete installations.

At ITW, we are committed to providing our employees with opportunities for growth, competitive compensation, and a comprehensive benefits package aimed at supporting their well-being and future.

Position Summary

The 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 crafting strategies for commodity development and supplier management, aimed at achieving significant long-term material cost reductions and enhancing supply chain risk management. The role will oversee an annual global expenditure of $30 million and will serve as the primary liaison between the GTU and its suppliers. This position is based in Libertyville and reports directly to the Director of Operations.

Key Responsibilities
  • Formulate and implement global strategies focusing on risk management for '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 diversification, and Value Engineering initiatives.
  • Establish and maintain a robust supplier management program, including the creation of strong contracts, performance metrics, savings objectives, and effective risk management practices.
  • Possess a solid understanding of the technical functionalities of product components, preferably in areas such as 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.
Qualifications
  • A Bachelor's degree is required; a Master's degree is advantageous.
  • Over 5 years of relevant experience, preferably in plastics, resin, or electronics supply chains within manufacturing or product development environments.
  • Experience exceeding 5 years in sheet metal fabrication, casting, and metals.
  • Demonstrated capability in leading and managing cross-functional teams and projects.
  • Exceptional negotiation skills with a proven ability to influence stakeholders without direct authority.
  • Strong understanding of demand management and replenishment principles, with the ability to execute these effectively.
  • Proven project management experience.
  • Ability to analyze product costs and comprehend the underlying cost drivers.
  • Effective communication skills, both verbal and written, with the ability to listen and interpret nuanced information.
  • Willingness to travel domestically and offshore as required, with the potential for up to 20% travel.
  • Comprehensive knowledge of multiple commodities, including electronics, casting, machining, and plastic injection, is preferred.
  • Experience in sourcing, purchasing, quality control, and engineering disciplines.
Core Competencies
  • Timely Decision Making
  • Results-Oriented Approach
  • Proactive Initiative
  • Negotiation and Supplier Management Skills
  • Strong Project Management Abilities
  • Ability to Gain Followership
  • Strategic and Critical Thinking
  • Excellent Problem-Solving Skills
  • Creative Thinking for Business Relationship Development
Work Environment

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 essential functions.

While executing the responsibilities of this position, the employee 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 may increase significantly in manufacturing areas. Personal protective equipment is required in manufacturing zones.

Physical Demands

The 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 essential functions.

The employee must occasionally lift and/or move up to 40 pounds and be able to navigate an active construction site in various weather conditions. Adherence to specific job site safety protocols and equipment is required. The employee must be capable of handling various company products, including fasteners, tools, anchors, and adhesives, while following established safety guidelines. Specific vision abilities required for this job include close vision, distance vision, peripheral vision, depth perception, and the ability to adjust focus. Regular tasks include reaching with hands and arms, as well as talking and hearing. Frequent activities include standing, walking, sitting, and using hands and fingers to handle or feel.

Company Overview

ITW is a Fortune 500 diversified manufacturer of specialized industrial equipment, consumables, and related service businesses. Our operations span 58 countries, employing 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. We value the unique perspectives, experiences, and ideas of our colleagues and 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.