The Materials Manager is responsible for executing purchasing and inventory management activities for the entire $40M in spend for the Business Unit, with a focus on best practice processes and achieving an optimal supply chain relative to metrics of Quality, Cost, and Delivery as determined by the Business Unit. Essential Duties and Responsibilities Develop strategic plan to achieve supply chain objectives, to include identifying and implementing spend strategies for the entire BU - $40M in spend Responsible for supporting new product development and the ECN process as it pertains to purchasing Responsible to maintain and development a material cost savings funnel in line with the BU objectives. Responsible for driving identified and approved projects to completion Conduct market analysis, internal demand analysis, supplier selection, and negotiation of price, terms and conditions to maximize contribution to operating profit and business objectives Manage sourcing projects and assume responsibility for Total Cost of Ownership (TCO) Develop and maintain supplier relationships and drive supplier performance and effectiveness. Complete supplier analysis to select the best suppliers and guarantee an optimal supply chain, conduct annual supplier evaluation, and execute formal supplier development plans when applicable Manage supplier performance through supplier scorecards. Measure weekly, quarterly and annual materials goals that support the business unit objectives Utilize value stream mapping and other ABS (lean) tools to streamline processes and minimize inventory Promote continuous improvement efforts for designated business unit(s) for the materials function Participates in the S&OP process Assist in product life cycle analysis process for the Mobile Power Value Stream Oversee Purchasing Team which includes shipping and receiving (7 total – 2 being direct reports). Maintain an assertive follow-up system to ensure schedule compliance. Interface with Management, Supervision, Customer Service, Quality, Finance, Engineering and Operations. Evaluates and suggests Make/Buy decisions Negotiate MRO contracts and other major capital purchases. May participate in company-wide global projects on an as needed basis. Education/Experience: Bachelor’s degree in materials management, Business, Finance, Engineering, or related field, required Minimum 3 years of experience in a Material Manager role, required Experience of Kanban process, preferred Experience in managing suppliers of large tonnage stampings, copper/aluminum wire, & ball bearings, preferred Ownership of inventory management utilizing a Kan Ban system Strong negotiation skills, including a sound understanding of commercial, regulatory, and intellectual property elements of a contract Strong knowledge of strategic sourcing methodology and its application Strong problem-solving, critical thinking, and analytical skills, including a demonstrated ability to synthesize, interpret, and communicate market and competitive data Ability to effectively present information and respond to questions from groups of employees and managers, customers, and suppliers Ability to manage contracts, identify elements of risk when developing complex agreements and make recommendations to guide the Legal review process This position may require occasional travel, 15%. The employee must be able to fly or drive out of town to attend meetings with members of other company facilities or customers and suppliers or to attend training. Physical Demands and Work Environment: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The employee must occasionally lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision and peripheral vision. The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. While performing the duties of this Job, the employee is exposed to moving mechanical parts. The noise level in the work environment is usually #LI-PF2 Benefits Medical, Dental, Vision and Prescription Drug Coverage Spending accounts (HSA, Health Care FSA and Dependent Care FSA) Paid Time Off and Holidays 401k Retirement Plan with Matching Employer Contributions Life and Accidental Death & Dismemberment (AD&D) Insurance Paid Leaves Tuition Assistance About Regal Rexnord Regal Rexnord Corporation (“Regal Rexnord”) is a leading manufacturer of electric motors, electrical motion controls, power generation and mechanical power transmission products and sub-systems, serving customers around the world in the general industrial, consumer, commercial construction, food & beverage, and alternative energy end markets, among others. Regal Rexnord sells its products and solutions to OEMs, through distributors, and directly to end-users. Regal Rexnord is a $7.2B company with 36,000 associates globally. You may not know it, but Regal Rexnord impacts your life every day. The company’s products enable the fans in HVAC systems that keep us comfortable; the power source that keeps smart buildings running; the agricultural and food service equipment that keeps us fed; and the conveyer systems that keep e-commerce flowing, to name a few of the applications where our products are used. Regal Rexnord’s business purpose is to create a better tomorrow by energy-efficiently converting power into motion. This means creating innovative solutions while focusing on both customer needs and the company’s commitment to sustainability. The company’s industrial powertrain and automation solutions offerings are an important part of the company's growth strategy. The company’s strategy includes leveraging 80/20 to prioritize all activities, including product excellence, operational excellence and commercial excellence (i) driving organic sales growth through the introduction of innovative new products, with a particular focus on improving energy efficiency, (ii) establishing and maintaining new customers, as well as developing new opportunities with existing customers, (iii) participating in higher growth end markets and geographies, and (iv) identifying and consummating strategic, value creating acquisitions. Equal Employment Opportunity Statement Regal Rexnord is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex/gender, sexual orientation, gender identity, age, ancestry, national origin, marital status, citizenship status (unless required by the applicable law or government contract), disability or protected veteran status or any other status or characteristic protected by law. Regal Rexnord is committed to a diverse and inclusive workforce. We are committed to building a team that represents diverse and inclusive backgrounds, perspectives, and skills. If you’d like to view a copy of the company’s affirmative action plan or policy statement, please email Recruiting@RegalRexnord.com. If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application, please e-mail Recruiting@RegalRexnord.com. Equal Employment Opportunity Posters Notification to Agencies: Please note that Regal Rexnord Corporation and its affiliates and subsidiaries ("Regal Rexnord") do not accept unsolicited resumes or calls from third-party recruiters or employment agencies. In the absence of a signed Master Service Agreement or similar contract and approval from HR to submit resumes for a specific requisition, Regal Rexnord will not consider or approve payment to any third-parties for hires made. At Regal Rexnord, our business purpose is to create a better tomorrow by energy-efficiently converting power into motion. As a leading producer of motors and related components, our essential products help keep systems running in mission-critical applications worldwide — indoor air quality products used in hospitals, homes, and senior living facilities; industrial products that support food and beverage, and pharmaceutical production; and conveying equipment and components that help warehouses function. What To Expect From Us Integrity A zero tolerance policy on unethical behavior. We value integrity most. We are honest, transparent, and trustworthy in all situations. Responsibility We have a responsibility to safety, sustainability, and our community. Diversity, Engagement & Inclusion We strongly believe that the more diverse minds focused on our purpose, the better the outcomes will be. We create an environment where all of associates can bring their best to Regal, develop and grow professionally, and work as one team to drive success for our customers, associates, and shareholders. Customer Success Our customer is our main priority. We must understand their needs and develop products, solutions and services that solve their challenges. Innovation with Purpose Through innovation we develop products and solutions that solve our customer's problems. We innovate to develop products that are valued by our customer and bring profitable growth for Regal. Continuous Improvement Our responsibility is to make tomorrow better than today. This means a focus on making the work easier, more productive, and more efficient. Performance We have a responsibility to all three of our primary stakeholders (customers, associates and shareholders) to drive profitable revenue growth. Passion to Win Passion is the fuel that inspires and drives our associates to achieve top performance. It helps us to overcome any obstacles in achieving our goals. ….with a Sense of Urgency Everything we do at Regal, we do with a sense of urgency. Not finding the right fit? Let us know you're interested in a future opportunity by clicking Get Started below or create an account by clicking 'Sign In' at the top of the page to set up email alerts as new job postings become available that meet your interest!