Under the direction of and reporting to a Sr. Sourcing Manager of Milwaukee Tool, primary duties are to support the development and implementation of sourcing strategies related to New Product Development and ongoing supplier relationship management in the Plumbing and Electrical Categories. Develop and execute cost reduction plans and support new product development and value engineering to meet or exceed stated objectives. Own supplier relationships including negotiations, business awards, contracting, scorecards, risk mitigation, and problem resolution (capacity/cost/quality).
This position requires a high degree of professional integrity, ethics, and confidentiality. Tasks and projects that address broader organization-wide issues outside of the procurement department may be assigned.
Duties and Responsibilities
- Develop and execute cross functionally aligned global sourcing strategies for assigned Categories. Identify, develop, prioritize, and align resources to implement the strategies.
- Own, facilitate and execute annual supply base planning process that drives internal and supplier related action to drive continuous improvement and minimize risk
- Draft, negotiate and manage complex business agreements and contracts
- Dive into appropriate tiers of spend to develop and execute strategies
- Manage the entire lifecycle of sourcing & procurement projects, working closely with suppliers and internal customers from planning & bid preparation to budget/forecasting, general delivery specs, negotiation, contracting, invoicing, and reporting
- Prepare and execute RFP/RFQ's and analyzes quotations and bids. Conduct, analyze, and share cost break down analysis to aide negotiations of per unit cost, commanding best overall cost and commercial terms
- Build partnerships with internal stakeholders to gather and/or understand the requirements of their procurement needs; facilitate communication between business units, internal stakeholders, and suppliers
- Must be able to quickly identify and obtain expertise in assigned categories and understand the relevant manufacturing, ordering, and/or service processes and capabilities, materials, applications, and industry trends
- Conduct research on market dynamics, cost drivers, supplier business models, and historical spend to enhance negotiations for assigned categories and contracts
- Evaluate existing sources for applicable capabilities, quality systems, management and financial stability, cost competitiveness, responsiveness, collaboration, and innovation
- Manage supplier relationship including communicating risks/opportunities with cross functional teams.
- Understand the Categories' mission and charter to frame complex proposals
- Make recommendations for alternate suppliers, designs, and materials to reduce costs and supply risks
- Establish and maintain reliable sources of supply to ensure timely procurement of all assigned goods, materials, and services. Implement and manage long-term agreements which deliver best in class quality, delivery, and total cost
- Initiate necessary correspondence or personal contact to expedite purchased goods, revise purchase orders, effect cancellations, improve terms, resolve disposition of rejected goods and rework costs, adjust invoice discrepancies, and rectify other related problems, as needed
- Facilitate business reviews with key suppliers
- Builds partnerships with internal stakeholders and ensures there is an understanding of procurement needs
- Identify process improvement opportunities and partner with internal and external stakeholders to drive efficiencies
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.
- Five or more years sourcing or related experience, including proven capability using advanced procurement principles with global supply chain management responsibilities.
- Strategic sourcing experience with disposable packaging desirable.
- 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%).