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Sourcing Category Manager, Electrical-Electronics - Glenview, United States - Illinois Tool Works
Description
Since its founding more than 100 years ago, ITW has become one of the world's leading diversified manufacturers of specialized industrial equipment, consumables, and related service businesses.
We place a high premium on the development of innovative solutions–most of which are developed in tandem with our customers.
And we continue to ensure that our customers receive timely, cost-effective service for the innovative products we provide.ITW's differentiated business model is composed of a set of unique core capabilities: our proprietary 80/20 business process, customer-back innovation, and our well-known decentralized entrepreneurial culture.
These capabilities are unmistakably ITW—and key to our longevity and strong performance.ITW's products and solutions are at work all over the world, in deep-sea oil rigs, aerospace technology, bridges and wind turbines, healthcare, the spaces in which we live and work, the cars we drive, and the mobile devices we rely on.
We are never, whether we know it or not, more than a few steps from an innovative ITW solution.Today, ITW (
NYSE:
ITW) is a Fortune 200 company that employs nearly 45,000 people with operations in 52 countries with headquarters in Chicago, Illinois.
The Electrical-Electronics Category Sourcing Manager provides critical leadership for all ITW segments globally. This role will create and deliver sourcing strategies.
The Manager will play a significant role in managing projects and providing project support for sourcing events that span multiple Segments of ITW, where synergies crossing common supplier base or materials are to be explored and leveraged.
In this role, the Sourcing Manager will act as a resource to mine and analyze data across multiple ERP systems and utilize standardized tools such as MS Excel and Market Intelligence Portals to synthesize marketplace information into a cohesive sourcing strategy.
General working knowledge of one or more of the following commodity categories will benefit the performance of the individual in this role:PCBA's, Electronic Components, Cables, Wire Harnesses, Electrical Components, and Various Mechanical Components.
In light of ITW Automotive's drive toward Battery Electric Vehicle penetration, this role will also have direct engagement and a need to understand Materials Electrification technology as found in complementary systems architecture.
This is primarily expected to understand the material specifications that will enable ITW products to win in the new landscape, emphasizing plastic resins, metals, and electronic-based core materials.
Key DeliverablesCreate Data-Driven Strategies to:
Review and cleanse existing internal and external data to evaluate and communicate opportunities
Capture commodity market data and create comprehensive market and supplier summaries
Define supplier segmentation and drive volumes toward preferred suppliers and away from exit suppliers (Contract Manufacturers, Distributors, and Electronic Component Manufacturers).
Collect performance data to drive supplier segmentation. Utilize diverse suppliers where possible.Where appropriate, protect ITW's long-term interest with formal contracts or agreements between ITW and its suppliers. Have a working knowledge of regional legal risks and commercial terms and conditions, applying those to contracts as required. Monitor contract performance and assess/report risks to business units and across platforms.
Provide Divisions the best practices, Do's and Don'ts of how to spec in E&E materials along with a Preferred Supplier recommendation for each assembly (i.e., PCBA) vs.
component (i.e. semiconductor).Support Management of "80" Supplier Base:
Review & manage existing supplier performance together with segment/division sourcing leads.
Leverage and introduce good performing supplier(s) capacity & capacity across multiple segments/divisions.
Develop potential new supplier(s) to match up with business needs. Improve or exit poor performing suppliers.
Supplier qualification & evaluation processes.
Cultivate supplier relationships up to the executive level(s) of the supplier(s).
Manage or support the negotiation with suppliers including but limited to contract, cost, resource, service etc.
Manage or support regular communication such as routine business calls/meetings, risk mitigation, QBR, NPD etc.
Review and renew supplier strategies by category or project.
Drive Cost Savings and Operating Income Improvement
Achieve Yearly Savings targets; drive those savings collaboratively with other functional areas to protect OI goals/yield (R&D, Innovation, Business Development).
Drive cost savings via value engineering, RFQ's, etc. Support action plans and project management of implementations to ensure savings are realized.Work with ITW divisions to obtain and validate commodity sourcing requirements
Work with the supply base to ensure a timely and efficient RFQ process with cost transparency
Manage component pricing well, via training others to effectively manage electronic component price registrations, creating and maintaining a Components database, price harmonization, etc.
Leverage ITW's supplier relationships and spend to drive results.Use internal data sources for Spend, Category Management, Tracked Initiatives, external Market intelligence on various Categories, and analyzing those sources to develop conclusions and priorities on a routine basis.
Drive Innovation and Growth:
Support ITW's organic growth goals by engaging with engineering and innovation teams in NPD projects on a regular basis globally.
Ensure ITW gets Intellectual Property rights for development work; work to protect ITW's IP.
Integrate supplier feedback and technical capabilities with business unit leadership to deliver existing product enhancements, expedite the roll out of future products, and contain market inflation.
Risk ManagementTrack and address commodity shortages, price increases, tariff mitigation, Force Majeures, and other events to ensure supply continuity. Train divisions to do the same.
Train divisions on how to use the SiliconExpert tool.
Create stocking agreements (MSA's if possible) with major distributors
Manage various risks (lifecycle, lead time/availability, sole sourcing, financial, supplier selection, warranty, etc.) and set up ITW divisions to reduce risk.
Communicate proactively with business leadership when market trends and/or risks are identified within the portfolio of businesses. Create recommendations and action plans to mitigate those risks within the business units and across platforms#J-18808-Ljbffr
