What are the responsibilities and job description for the Strategic Sourcing Manager position at ITW?
Job Description
Position Summary:
The Strategic Sourcing Manager will report to the Industrial Business Unit Manager and will be responsible for coordinating sourcing activities for all of the Industrial Components’ business in North America. Product mix will include products manufactured by ITW in North America and outsourced products manufactured in multiple locations around the world. This position will work together with the Strategic Sourcing Manager in the EMEA region.
Responsibilities
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
100,000-120,000
ITW is an equal opportunity employer. We value our colleagues’ unique perspectives, experiences and ideas and create workplaces where everyone can develop their careers and perform to their full potential.
As an equal employment opportunity employer, ITW is committed to equal employment opportunity and fair treatment for employees, beginning with the hiring process and continuing through 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.
Position Summary:
The Strategic Sourcing Manager will report to the Industrial Business Unit Manager and will be responsible for coordinating sourcing activities for all of the Industrial Components’ business in North America. Product mix will include products manufactured by ITW in North America and outsourced products manufactured in multiple locations around the world. This position will work together with the Strategic Sourcing Manager in the EMEA region.
Responsibilities
- Supplier Management
- Develop sourcing strategies based on rigorous analysis of spend data, supply market dynamics, category intelligence, and business requirements to ensure supply base optimization and improvement to cost, quality and service.
- Identifies strategic partners and delivers improved products and lower costs to the organization through supplier management, strategic sourcing, commodity management, and total cost principles.
- Coordinates and supports all sourcing related activities and regional commitments including the review, negotiation, and acquisition of the targeted spend categories.
- Negotiate contracts and monitor their progress, checking the quality of service provided; contracts should be standardized in conditions for the whole region.
- Implements simplification strategy throughout the supply chain.
- Manages risk mitigation (cost, price and/or supply).
- Prepares development plans and uses performance management tools.
- Partner with Quality and Engineering to drive continuous improvement, including supporting Value Analysis/Value Engineering (VA/VE) efforts.
- Sourcing Analytics Reporting
- Information Resource – Must provide stakeholders with relevant and timely market trends and analyses such as commodity and currency trends.
- Forecasts price trends and their impact on future activities both for short-term and long-term planning.
- NPI / Supplier Selection
- Selects suppliers who are aligned with business standards to ascertain the best products in terms of best value, delivery schedules and quality.
- Supports new product development from the concept stage.
- Analyzes quotes and negotiates prices & delivery conditions with suppliers.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Bachelor’s degree and 3 years of work experience in sourcing, procurement, or supply chain role, or working with direct materials in a sales, engineering or operations capacity using advanced quantitative, analytical and problem-solving skills.
- Excellent time management, prioritization and project management skills.
- Communication Skills – Exceptionally strong written and oral communication skills are a must. Ability to present to senior management, build relationships and become an influencer in major strategic decisions are critical to this position.
- Strong negotiation skills are essential in this role.
- Technical Skills – A thorough understanding of manufacturing practices and the ability to understand product specifications and features are essential for success in this position.
- Analytical Skills – Enjoy gathering and digging deeply into data to identify issues and produce creative, effective solutions, and understands market dynamics and business requirements.
- Understands category buying & management process to identify improvement opportunities.
- Strong interpersonal skills and ability to work across different business units.
- Ability to collaborate with colleagues and staff to create a results driven, team-oriented environment.
- Uses personal influence skills rather than position power to persuade others and gain support.
- Good command of English, both written and oral for effective communication with other ITW units and business leaders.
- Sense of urgency and comfort working in a fast-paced environment with a variety of simultaneous projects.
- Ability to perform analysis and interpret data into actionable steps.
- Ability to think strategically and use quantitative and qualitative data to create strategies that move ITW forward.
100,000-120,000
ITW is an equal opportunity employer. We value our colleagues’ unique perspectives, experiences and ideas and create workplaces where everyone can develop their careers and perform to their full potential.
As an equal employment opportunity employer, ITW is committed to equal employment opportunity and fair treatment for employees, beginning with the hiring process and continuing through 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.