Develops and implements supply base sourcing strategies that support New Product Development and ongoing supply base management. Sources finished goods, which may include raw materials, components, tooling, capital equipment, and services. Develops and executes cost reduction plans to meet or exceed annual budget objectives while mitigating risk. Owns supplier relationships, negotiations, business awards, contracting (including development agreements), scorecards, risk mitigation, and problem resolution (capacity/cost/quality). Works cross-functionally to identify and drive sustainable tools and process to address broader organization-wide improvements inside and outside of the Procurement department.
Duties and Responsibilities
- Develops and executes cross functionally aligned global sourcing strategies for assigned Product Categories. Identifies, develops, prioritizes, and aligns resources to implement the strategies.
- Understands all projects in the Business Unit to ensure appropriate coordination between multiple initiatives.
- Draft, negotiates and manages complex business agreements and contracts, both domestic and international.
- Manages the entire lifecycle of product development, works closely with suppliers and internal customers from resource planning and RFQ preparation to budget/forecasting, general delivery specifications negotiation, contracting, invoicing, and ongoing scorecard management.
- Conducts, analyzes, and shares cost break down analysis to aide negotiations of per unit cost; commands best overall total landed cost and commercial terms.
- Proactively develops supply base strategy to support product roadmaps, coordinates the supplier selection and qualification process. Drives projects to completion to achieve aggressive timelines.
- Builds partnerships with internal stakeholders and ensures there is an understanding of procurement needs.
- Conducts research on market dynamics, cost drivers, supplier business models, and historical spend to enhance negotiations for assigned categories and contracts.
- Evaluates existing sources for technical and manufacturing capabilities, quality systems, management and financial stability, cost competitiveness and responsiveness.
- Establishes and maintains reliable sources of supply to ensure timely procurement of all assigned goods, materials, and services.
- Ensures on-time delivery to meet customer demand often including expedites of purchased goods, revisions of purchase orders, effect of cancellations, improve terms, resolve disposition of rejected goods and rework costs, adjust invoice discrepancies, and rectify other related problems, as needed.
- Drives sustainable tools and process improvement within the Procurement team globally as well as cross-functionally.
- Performs full range of managerial responsibilities, which may include, but not limited to interviewing, hiring, coaching and developing employees, planning, assigning and directing work; and performance management.
Job Skills Requirements
- Exhibits strong negotiating skills and demonstrates proven success negotiating, implementing, and managing complex supply contracts including (Joint) Development Agreements and Supply Agreements.
- Demonstrates attributes of being a determined individual.
- Ability to react quickly in a fast-paced, changing environment.
- Excellent organization/time management skills.
- Outstanding interpersonal, verbal, written, and presentation skills.
- Bachelor's degree in relevant field such as Supply Chain/Logistics, Business, Engineering, Finance, or related technical field.
- Specific course-work in purchasing, materials management, engineering, or quality assurance desirable.
- CPM/CPSM certification a plus.
- MBA a plus.
- Seven or more years sourcing or related experience, including proven capability using advanced procurement principles with global supply chain management responsibilities.
- Global strategic sourcing experience with complex assemblies, metals, plastics, electronic components, and the associated manufacturing processes is preferred.
- Experience sourcing capital equipment, tooling, and other indirect spend categories.
- International sourcing/supply chain development a plus.
Physical & Environmental Requirements
- Willingness to travel domestically and/or globally (up to 25%).