Job Description
Job Description: Job Description The Strategic Sourcing Group at ITW Smart Components North America is seeking a passionate, driven, and intellectually curious Electrical and Electronics Sourcing Engineer to drive impact and deliver results. Strategic Sourcing is responsible for all direct materials purchased. We develop partnerships with our internal engineering, innovation teams and our suppliers to deliver high-quality products.
This position will focus on electrical and electronic component sourcing, and will lead supplier relationships, defining the category and supply base strategy, including the management and negotiation of Product Supply Agreements and related contractual executions, influencing the technology roadmap, leading supplier negotiation and selection, driving continual cost optimization and ensuring continuity of supply.
An ideal candidate will have high ambition to grow. You must be a high energy/impact individual with demonstrated ability to succeed in a high demand and ultra-high stress environment. The successful candidate will be comfortable with ambiguity, can lead without authority and be able to work across organizational lines. The ideal candidate will be able to think and act strategically, to set a vision and execute against that vision. It is critical that the person in this role is able to develop productive, collaborative working relationships with a variety of people with differing levels, personal styles, cultural backgrounds and geographical locations.
Develop and execute a market leading sourcing category and supply base strategy in the electrical components category via full market knowledge, supplier rationalization, predictable and industry leading commodity pricing plan, and total cost of ownership (TCO) cost modeling through transparent supplier relationship management.
Job Responsibilities •Secure components and/or services in the assigned categories that will provide competitive advantage in both technology and cost for ITW.
•Deliver aggressive costing and budget projections, with the ability to standup to rigorous opposition and drive alignment with the leadership team
•Drive change management to continuously improve efficiency, yield and performances via repeatable processes, people growth, and elimination of work duplication.
•Business owner of the category and component supplier relationships, including the management and negotiation of contractual agreements.
•Develop supplier capabilities and drive roadmap visibility.
•Manage the supply base end-to-end from inception to end-of-life to ensure continuity of supply with the right materials driving plan in place.
•Work with a cross functional team to drive the supplier selection process and component qualification both under engineering and commercial best practices/disciplines.
•Achieve established commitments on total cost results, supply, quality and compliance adherence, technology roadmap alignment and on-time delivery.
•Present commodity strategies and associated business awards to the divisional leadership team.
•Serve as key escalation channel responsible for continuity of supply risks (lifecycle, lead time/availability, sole sourcing, financial, supplier selection, warranty, etc.). Track commodity shortages, price increases, Force Majeures, and other events to ensure supply continuity.
•Align on supplier segmentation and drive volumes towards preferred suppliers and away from exit suppliers.
•Where appropriate, protect ITW's long-term interest with formal contracts or agreements between ITW and its suppliers.
•Support ITW's organic growth goals by engaging with engineering and innovation teams in NPD projects on a regular basis globally.
Qualifications - Bachelor's degree required, preferably in Electrical Engineering or science-based discipline or Supply Chain-related field
- Minimum of 3 years of work experience with electrical and/or electronic components in direct material sourcing, supply chain, engineering, or operations capacity
- General working knowledge of one or more of the following commodity categories is preferred: Cables, Wire Harnesses, Electrical Components, PCBA's, Electronic Components, and Various Electromechanical Components.
- Familiarity with the Strategic Sourcing Process and experience in project management
- Ability to work in a decentralized organization
- Knowledge and experience in Design for Manufacturing and VAVE are desired
- Fast learner that demonstrates strong business acumen and strong communication skills
- Ability to bring disparate data from multiple sources and cleanse, categorize, and synthesize to a dataset to help drive meaningful analytics and strategies
- Advanced skills in Excel and MS Office
Compensation Information: $95-$115 Illinois Tool Works
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