POSITION OVERVIEW

Responsible to develop the sourcing strategy for specific categories of goods within the company. This role requires a combination of technical knowledge, analytical skills, and industry-specific expertise.
Work requires detailed data analysis, logical reasoning and operations where independent judgment is used. Technical, engineering knowledge is needed since there is a high need to focus on details and manufacturing process understanding. Soft skills to be able to negotiate prices, and contracts are also needed.

SKILLS AND EXPERIENCE:

• Strong Analytical and Problem-Solving Skills
• Bachelor’s Degree in Engineering or Equivalent
• Outstanding Excel Skills
• Experience with ERP systems, SAP experience preferred
• Mathematical Concepts necessary for procurement (weighted averages, percentages, ratios and proportions)

• Detailed analysis of:
• Market conditions (commodities prices, shipping prices, inflation)
• Manufacturing capabilities and area of expertise from our supply base.
• Manufacturing process and main cost drivers.
• Business relationship over the years (demand, price, commodities, type of products)
• Analytical thinking to develop and execute category strategies based on cost and manufacturing capabilities.
• Managing relationships with suppliers, including negotiation, performance evaluation, and conflict resolution.
• Negotiates pricing, logistics and finance terms and conditions with suppliers.
• Drafts, review, and manage contracts effectively for legal correctness, price, and acceptability of terms.
• Defines the commodity strategy regularly by supplier (strategic, growth, challenger, decrease, phase-out, immediate action).
• Conduct market research and analysis to understand market trends, pricing, supply chain dynamics.
• Develop new potential suppliers with focus on localization with cross-functional support.
• Identify and mitigate risks associated with the supply chain and procurement processes.
• Manages procurement projects from inception to completion.
• Manages, and monitors supplier performance and develops improvement strategies.
• Works with international commodity buyers to accomplish company goals.
• Assists in forecasting of annual material and tooling budgets and reporting.
• Responsible to develop cost reduction activities related to Supplier base.
• Serves as direct interface between suppliers, R&D, and assigned facility team members.
• Must be able to travel domestically and international as needed.