Strategic Sourcing Manager in Frankfort, IL at ITW

Date Posted: 3/23/2020

Job Snapshot

Job Description

Position Summary:

The Strategic Sourcing Manager reports to the Vice President/General Manager and will be responsible for the development and performance of all procurement activities for the Division.  Total Division direct and indirect spend is approximately $100 Million.

 

An ideal, qualified Strategic Sourcing Manager will work to lead and support the divisions short and long-term initiatives and ensure our new product development is competitive.  The Strategic Sourcing Manager will also effectively communicate with Suppliers, Engineering, Operations and will ideally have background in procurement and project management. The Strategic Sourcing Manager will have two direct reports.

 

Primary Responsibilities:

  • Identifies strategic partners, leads complex and critical negotiations and delivers improved products and lower costs to the division through supplier management, strategic sourcing, commodity management, and total cost principles.
  • Leverages strong project and change management skills to drive continuous improvement for divisional resin and other major material spend utilizing the ITW sourcing tool box, including 80/20 and quad and quartile analyses.
  • Works closely with Engineering, Commercial, Manufacturing, and Purchasing team to simplify vendor base and material complexity, while also improving leverage with key suppliers.
  • Participates and supports processes to develop divisional annual plans and LRP cost savings targets and strategy.
  • Designs and implements methods for assessing performance of major suppliers, initiates supplier improvement programs, manages and negotiates variations within and outside scope of contracts, and enforces contract remedies.
  • Participate in cross-collaboration with other Divisions and Corporate Strategic Sourcing to increase ITW enterprise wide savings initiatives, establishing division/platform and/or segment strategic purchasing plan with defined measurables/goals and effective communication and reporting.
  • Facilitate, lead Value Analysis and Value Engineering (VA/VE) processes to achieve Division’s sourcing saving objectives.
  • Identify, lead and track cost savings opportunities in support of cost savings target
  • Manage sourcing activity coordination and processes for sourcing duties relating to new product development including leading or participating in supplier selection, capability assessment, quality improvement, and supplier readiness.
  • Support to minimize obsolescence during launches, engineering changes and end of production
  • Issue RFQ´s to vendors for competitive quotes for purchased parts, resins, components, tools, outside services and outsourcing molding and / or assembly
  • Negotiates with suppliers to obtain best agreement possible with regards to quantities, delivery, quality, price, terms & conditions, etc
  • Lead the development and maintenance of supplier management process; supplier selection, scorecards and supplier evaluation
  • Helps develop purchasing plans and programs to be implemented in accordance with corporate policies and objectives
  • Act as a central liaison between suppliers, and Body and Fuel division
  • Review of supplier capacity studies and tool tracking sheet
  • Evaluate existing and potential suppliers’ capabilities; recommend and implement changes in supply base and work on supply base consolidation
  • Maintain Approved Supplier List for each commodity
  • Create and maintain supplier and purchasing files
  • Prepare Repetitive purchasing forms for all new parts and cost adjustments for existing parts

Job Requirements

Job Requirements:

•     Bachelor's degree required, MBA a plus.

•     Minimum 5 years of broad sourcing leadership experience, preferably in a manufacturing organization, across a multi-location, global business.

•     Managed at least $50M in annualized spend in direct material.

•     Strong track record of financial data analysis, budget planning, inventory management, driving procurement strategies and reducing overall material costs.

•     Excellent verbal, written, interpersonal, communication and presentation skills with experience in communicating and working with a remote staff.

•     Continuous improvement through 80/20 analysis of purchasing functions and benefits.

•     Proven results in managing and developing talent.

•     Demonstrated experience managing complexity and change.

•     Willing to travel, domestically and internationally.

  • Excellent Microsoft Excel, Word, PowerPoint skills

Physical Demands:

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.  While performing the duties of this Job, the employee is regularly required to sit, use hands to handle and talk or hear.  The employee is frequently required to reach with hands and arms.  The employee is occasionally required to stand, walk, and stoop, knell crouch, or crawl.  The employee is occasionally required to lift or move up to 35 pounds.  Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus. 


Interpersonal Skills:

Alternative or combined skills in understanding, counseling, and/or influencing people are important in achieving job objectives, causing action, understanding others, or changing behavior; and, skills of persuasiveness or assertiveness, as well as sensitivity to the point of view of others.

Working Conditions:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. The noise level in the work environment is usually moderate.


ITW is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law. 


If you are a qualified individual with a disability and are unable or limited in your ability to use or access the online application system process due to your disability, please call 708-720-7121 to request assistance.  No other requests will be acknowledged.