Leads strategic sourcing for multiple electromechanical component categories with the goal of achieving year over year cost savings while driving continuous improvement in quality and innovation. Sustains category expertise through an understanding of supply markets and trends, cost drivers and internal business impact. Works closely with key stakeholders to develop effective sourcing strategies and ensures implementation including negotiation and execution of supply agreements. Develops strategic supplier relationships that leverage their capabilities, ensure continuity of supply and reduce total cost of ownership. Create and implement a continuous improvement sourcing approach for key electromechanical spend categories.
§ Understands global electromechanical category markets, cost drivers and trends. Maintains market intelligence and stays abreast of the emerging supply base and new technologies. Leads industry analysis, interprets information and translates into actionable strategies and forward-looking analyses.
§ Develops and implements sourcing strategies for key spend categories: internal assessment of current and future spend requirements; assessment of supply market; understanding of supplier economics; assessment of total cost of ownership and opportunities; strategy development based on total value and complexity of supply.
§ Leads cross functional team to ensure strategic sourcing effectiveness. Works closely with key stakeholders to develop cost reduction strategies and implementation plans that meet business needs.
§ Leads supplier selection, negotiation and supplier management strategies. Establish and maintain contractual and business relationships with suppliers; monitor contract compliance. Manage supplier performance including supplier scorecards and continuous improvement plans.
§ Leads best cost country sourcing analysis and strategy. Identifies sourcing opportunities, evaluates supply base and understands supply market complexities. Recommends strategy, defines requirements with key stakeholders and ensures implementation.
§ Leads and develops risk management strategies to increase awareness and ensure implementation of appropriate risk mitigation plans. Works closely with business stakeholders to understand business impact and approve alternate sources of supply.
§ Drive annual cost savings in each spend category. Develop savings pipeline, champion and ensure implementation of ideas that will optimize TCO and communicate progress against targets.
§ Drives sourcing best practices across company for assigned spend categories. Ensure compliance to all policies and procedures and maintain a working knowledge of applicable federal, state and local laws and regulations.
§ Fifteen or more years of Techno-commercial Engineering experience with 8-10 years in Strategic Procurement
§ Experience in high-volume electromechanical industries preferred
§ Bachelors degree in engineering. MBA preferred
§ Demonstrated experience developing and implementing sourcing strategies for electromechanical components that have yielded measurable business results
§ Skills in all procurement processes including commodity management, supplier management, negotiations, contract management and e-procurement systems
§ Strategic Sourcing expertise in electromechanical components; ability to develop high impact sourcing strategies
§ Strong leadership skills and communication skills
§ Influencing Skills and Lateral Leadership: Ability to build relationships and credibility across the organization; work effectively with cross functional teams; able to function in a matrix environment
§ Executional Excellence: Ability to get things done and multi-task; acts with a sense of urgency; able to prioritize; excellent decision making/judgment skills
§ Strong negotiation skills; exceptional problem solving and analytical skills
§ Business and financial acumen
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