SUMMARY

This position will have global/regional/local responsibilities for developing and executing strategic sourcing strategies for assigned commodities and categories. Responsible for executing the sourcing strategies in accordance with the Company 5 Step Sourcing Process helping to ensure delivery of highest quality and lowest total cost solutions. This role will forecast and report economic savings performance, negotiate price reductions or increases, drive long term agreements, market test, award new business to maximize leverage, and analyze various reports to identify and implement cost reduction opportunities. Additionally, the sourcing specialist will support special projects as necessary to assist in delivering commodity goals. This role is approximately 70% Strategic / 30% Operational focusing on Commodity Strategy, Benchmarking, Sourcing Council preparations, mid to upper management presentations, resourcing as needed, Technical Cost reductions, Warranty agreements, managing supplier financial distress, and coordination with global teams. Responsible for Supplier Relationship Management including addressing nonconformance and capacity constraints. Identify new opportunities while leveraging sourcing, strategic planning, commodity expertise, supplier selection, negotiation, and risk management skills. This position must have strong analytical, negotiation and relationship building skills in a fast-paced environment.

ESSENTIAL DUTIES AND RESPONSIBILITIES

These are the most significant job duties performed. The size, scope and complexity of assigned duties and responsibilities are dependent on the level and experience of the incumbent. To perform this job successfully, an individual must be able to perform each assigned essential duty satisfactorily. Other responsibilities or special projects not specifically listed below may also be assigned.

• Develop & execute category management strategies, based on organizational requirements to align with current and future market conditions to provide top-line value, improvement to the total cost of ownership model, decrease supply disruption risk, and improve supply chain agility. Manage the RFP process. Prepare the request, select participants, review proposals, negotiate contracts and prices with suppliers, and award the business based on Total Cost of Ownership analyses. Negotiates, implement, and manage LTA's (long term agreements) while achieving commercial savings and raw material recovery to meet or exceed parts cost and total cost reduction objectives and while supporting organizational initiatives. Facilitate supplier/engineering VA/VE activities to drive product cost savings and process improvement initiatives to achieve budget performance. Collaborate with and participate with colleagues across the Enterprise to ensure strategies are aligned with company goals and objectives. As requested, present category management strategies to department and senior leadership. (40%)
• Develop market intelligence within assigned categories including industry trends, global pricing, lead times, technology and manufacturing capability of suppliers, supply/demand market volatility, cost drivers (raw material pricing, tariffs), material indexes, benchmarks, and mergers & acquisitions in the industry to mitigate supply and cost risk. Research and understand shifts in the negotiating power of suppliers that may affect overall supplier performance and/or result in purchase price variance. Identify potential hedging opportunities and communicate potential opportunities and risks to Strategic Procurement Manager. (20%)
• Develop and manage supplier relationships which deliver reliable product supply and total cost effectiveness while meeting or exceeding all customer service, compliance, product requirements, and key performance metrics. Manage supplier performance with feedback through monthly scorecards to mitigate risk, support performance improvement, and proactively identify issues. Act as a trusted business advisor by managing and driving resolution of supplier issues and escalating as needed.  Effectively lead supplier business meetings with strategic partners and preferred suppliers to drive business value. Arrange and conduct regular Top2Top meetings with suppliers and stakeholders. Involve other functional partners to resolve issues and drive continued supplier development. Influence supplier segmentation within categories and develop risk mitigation plans. Develop strategic partners that will provide the Company with additional resources, innovation, and a competitive edge. (30%)
• Collaborate with Product Management team in support of new product launch initiatives to develop and implement cost reduction and sourcing strategies for service parts to meet program timing, cost, quality, delivery, and strategic objectives. (10%)

SUPERVISOR RESPONSIBILITIES

This position does not have supervisory responsibilities. 

QUALIFICATIONS

The requirements listed below are representative of the knowledge, skill, and/or ability required to perform this job successfully. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and Work Experience

Bachelor’s Degree in Business, Materials, Supply Chain Management, Materials Management, Engineering, Operations, or related field.

3+ years of Sourcing experience including completing sourcing events (RFI, RFQ, RFP), contract negotiation/management.

3+ years of Strategic Procurement experience

Desired Education/Experience

3+ years in Commodity/Category Management preferred, but not required.

3+ years in Supply Management experience with focus on strategic sourcing and supplier development preferred, but not required. 

Supply Management experience with focus on strategic sourcing and supplier development

Certificates and Licenses

Certification of Professional Supply Chain Management is preferred but not required.

Six Sigma Green Belt Preferred but not required

Job —Specific Knowledge

To perform this job successfully, the individual needs to demonstrate knowledge of these areas as they relate to the primary functions of the job.

·        Able to utilize business and market data to identify and prioritize sourcing opportunities.

·        Must possess strong negotiation skills.

·        Able to identify and manage projects from concept to implementation and successfully drive project results.

·        Expertise in the sourcing of raw materials (i.e., metals, plastics) and parts/components used in manufacturing.

·        Experience in outsourcing is a plus.

·        Successful sourcing of greater than $20M annual spend.

·        Global Sourcing experience a plus. 

COMPETENCIES

To perform the job successfully, an individual should demonstrate the following competencies.

Technical and Analytical Skills

·        Working knowledge of Windows applications and Microsoft Office programs (Word, Excel, and PowerPoint)

·        Experience in Microsoft Dynamics 365 for Finance and Operations a plus

• Prior ERP experience required. Experience in Epicor preferred, but not required.

·        Ability to negotiate skillfully and problem solve in tough situations.

·        Ability to read and interpret large amounts of data and make decisions using that information.

Time Management and Communication Skills

·        Sound judgment, excellent communication skills (written and oral), analytical problem solving and mathematical abilities. 

·        Demonstrated ability to communicate orally with individuals from within and outside of the organization. International experience a plus

·        Prioritize regular workload, special tasks, and concurrent projects, allocating time and resources to ensure that work is completed accurately and efficiently within established time frame.

·        Ability to manage multiple assignments at once and partner cross functionally.

·        Balances team and individual responsibilities

• Attention to detail and accuracy essential. Above average time management and organizational skills.

Leadership Skills

·        Must be able to adapt to a fast paced, constantly changing environment.

·        Excellent creative thinking skills with emphasis on developing and growing team members as well as developing innovative solutions to complex problems.

·        Proven collaboration skills with the ability to effectively supervise, coach and influence employees.

·        Establishes and maintains effective, collaborative work relationships both internally and externally.

·        Experience creating and maintaining a positive environment that promotes high performance standards and attainment of goals.

Travel Required

·        Up to 25%