Overview
The Director – Strategic Sourcing is responsible for developing and executing the Sourcing Strategies in the Fiber Glass Roving, Resins, Plastics & Thermoforming categories in alignment with e business strategic objectives.
This position will manage commercial relationships with key strategic suppliers in assigned core commodity areas across the organization. Independently and in collaboration with key internal stakeholders, this position with employ category, contract, and other supply management strategies to manage mutual expectations and relationships, control risk and minimize costs to the extent feasible. This individual provides leadership to the category team in the development and execution of supply base management strategies that support the Operational, Commercial, and Technical requirements of the organization. The Director – Strategic Sourcing will be responsible for managing a group of individuals by providing coaching, feedback, and promoting opportunities to maintain and grow organizational talent while it will be responsible for the collective attainment of business goals.
Responsibilities
ESSENTIAL JOB FUNCTIONS AND RESPONSIBILITIES
- Develop and execute strategic sourcing and other supply management strategies that drive continuous improvements in supplier performance, reduce costs, minimize risk and harvest innovation across the supply base.
- Develop, negotiate and manage LTA’s with key suppliers to manage supply and total cost of ownership (TCO).
- Consistently transform & optimize the supply base through deployment of strategic sourcing tools & processes.
- Lead cross-functional category team(s) and supplier team meetings in the execution of sourcing initiatives, cost reduction & productivity projects.
- Coach and mentor team members to build the organization’s category expertise.
- Build and maintain successful and effective business relationships with internal and external stakeholders.
- Develop and present cost models to understand cost drivers of purchased components and/or services and utilize negotiation and cost management tools to obtain best in class pricing on all components and/or services.
- Monitor market trends and maintain high level of subject matter expertise in defined areas of responsibility.
- Establish and communicate supplier performance expectations, monitor and drive compliance with suppliers.
- Ensure continuity of supply by proactively managing critical supply issues, secure and maintain effective supplier capacity to meet current and future needs.
- Provide subject matter expertise and guidance to the Risk Management Team in support of hedging, inflation forecasting, costing, and pricing activities
- Visit supplier manufacturing facilities to conduct audits, verify capabilities, and build relationships
- Introduce new suppliers, products, processes, and technologies to Design and Engineering to give our brands a competitive advantage
- Identify and develop ideas for cost reduction through consolidation of suppliers and requirements, alternative sourcing, labor reduction, warranty reduction, working capital reduction, and value analysis / value engineering
- Performs other duties as assigned within the scope of responsibilities and requirements of the job
- Performs Essential Job Functions and Duties with or without reasonable accommodation
Qualifications
Education, Licenses, and Certifications
- Bachelor's degree in business/finance or engineering or related field preferred or equivalent work experience required, advanced degree preferred
- Preferred certifications: CPM, CPSM, CPIM, or PMP, Lean Six Sigma Black Belt or Green Belt
Years of Experience and Knowledge
- 10+ years of progressive Procurement experience preferred, with at least 5+ years of direct materials
- 3+ years of project/program management experience in a supply chain, procurement, product development, or manufacturing environment with an understanding of Sourcing, Materials Management, and Logistics
- Subject matter expertise in two or more of the following Categories: Fiber Glass, Plastics, Resin & Composites
- Language Skills a Plus (English & Spanish)
Education, Licenses, and Certifications
- Bachelor's degree in business/finance or engineering or related field preferred or equivalent work experience required, advanced degree preferred
- Preferred certifications: CPM, CPSM, CPIM, or PMP, Lean Six Sigma Black Belt or Green Belt
Years of Experience and Knowledge
- 10+ years of progressive Procurement experience preferred, with at least 5+ years of direct materials
- 3+ years of project/program management experience in a supply chain, procurement, product development, or manufacturing environment with an understanding of Sourcing, Materials Management, and Logistics
- Subject matter expertise in two or more of the following Categories: Fiber Glass, Plastics, Resin & Composites
- Language Skills a Plus (English & Spanish)
Salary Range:
$158,000 - $205,000
The pay range listed is for Illinois based roles. It is not typical for a candidate to be hired at or near the top of the pay range. Specific compensation offered to a candidate may be influenced by a variety of factors including skill sets, qualifications, experience, education, certifications, training, and location.
Benefits:
- 401(k) company match
- Medical insurance
- Dental insurance
- Vision insurance
- Life and disability insurance
- Paid time off
