Sr. Sourcing Analyst

Brookfield, Wisconsin

Date Posted: 4/23/2021

Job Snapshot

Employee Type: Full-time
Date Posted: 4/23/2021

Job Description

The Senior Sourcing Analyst--Power Tool Accessories leads the sourcing duties of the assigned commodities, components/assemblies, equipment, suppliers, and manufacturing site support. The right candidate will utilize their sourcing / supplier management experience to ensure our sourced products exceed the required quality, cost, lead-time, and terms of Milwaukee Tool. The Senior Sourcing Analyst will directly support various New Product Development (NPD), cost reduction, facilities/Capex, and supply base improvement projects.

Under the direction of and reporting to a Sourcing Manager of Milwaukee Tool, The Senior Sourcing Analyst acts as an independent problem solver, process developer, financial/commodity analyst, communication nexus, and strategic planner. The ideal candidate should be comfortable rolling up their sleeves and solving supply problems, negotiating multi-year contracts, and developing 5-year commodity roadmaps.

The key stakeholder for any Sourcing Analyst is the plant's materials and production teams that directly utilize the sourced materials. Acting as the advocate between the supply-base and the production facility to improve our service levels and cost position is the key measure of our success.

Duties and Responsibilities

  • Deliver Product to our Customers--Fulfillment/Quality:
    • Provides ongoing vendor management support in the form of Forecasts, Purchase Orders, Invoice and Quality problem resolution, and related issues.
    • Monitors and analyzes Supplier capacity, global demand, and vendor quality.
    • Supports escalated/expedited purchased deliveries, revises purchase orders, effects cancellations, improves terms, resolves disposition of rejected goods and rework costs, adjusts invoice discrepancies, and rectifies other related problems as assigned.
    • Identifies and implements supply base improvement opportunities to support both short term and long-term production / product needs.
  • Drive Strategy:
    • Supports the building of long-term commercial relationships with strategic suppliers while delivering to the business metrics.
    • Builds internal stakeholder relationships to understand business procurement needs
    • Completes data analyses and generates reports to drive spend visibility and identify opportunities for supply base optimization.
    • Participates in the development, review, and approval of supplier selection methodologies
    • Develop expertise in applicable manufacturing processes and capabilities, materials, applications, and industry trends.
  • Optimize Value:
    • Research market dynamics, cost drivers, supplier business models, and historical spend to enhance negotiations for assigned categories and contracts.
    • Conducts, analyzes, and shares cost break down analysis to aide negotiations of per unit cost; drives best overall cost and commercial terms.
    • Supports PPV reviews, standard setting, commodity, and financial reviews
  • Innovation--NPD Sourcing:
    • Supports New product development projects in assigned category
    • Proactively coordinates the supplier selection and qualification process.
    • Partner with VE teams on process, supplier, and capacity development
    • Prepares and executes RFP/RFQ's and analyzes quotations and bids.

Job Skills Requirements

  • Demonstrates attributes of being a determined, self-driven and resourceful individual.
  • Ability to react quickly in a fast-paced, changing environment.
  • Exhibits strong negotiating skills and demonstrates proven success breaking down complex issues to proactively identify and align stakeholders to next steps.
  • Excellent organization/time management skills.
  • Outstanding interpersonal, verbal, written, and presentation skills.

Educational Requirements

  • Bachelor's degree in relevant field such as Supply Chain/Logistics, Business, Engineering, Finance, related technical field or equivalent experience.
  • Specific course-work in purchasing, materials management, engineering, or quality assurance desirable.

Experience Requirements

  • Three or more years in sourcing, materials planning, supplier quality or related supply chain experience, including proven capability using advanced procurement principles with global supply chain management responsibilities.
  • Internship/Co-Op experiences in purchasing, manufacturing, or related experience a plus

 

Physical & Environmental Requirements

  • Willingness to travel domestically and/or globally (up to 10%).
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