Woodward, Inc

Sourcing Manager (Level II and III)

Woodward, Inc • $85K — $168K *
Aerospace & Defense
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in procurement or supply chain management.
  • Strong negotiation skills with a proven track record of favorable contract outcomes.
  • Ability to analyze financial data and create reports using financial analytic tools.
  • Experience in supplier assessment and strategic sourcing.
  • Proficient in problem-solving with a systematic approach.

Responsibilities

  • Assess potential suppliers to ensure compliance with quality and delivery standards.
  • Negotiate terms with suppliers to secure favorable agreements and manage risks.
  • Select suppliers that align with category strategies and reduce procurement risks.
  • Manage spend portfolios, focusing on financial performance and supply chain understanding.
  • Analyze cost structures to implement strategies that enhance value and reduce risks.

Benefits

  • Annual cash bonus opportunity for all members.
  • 401(k) match of 4.5%.
  • Annual stock contribution of 5%.
  • Tuition reimbursement and professional development opportunities.
  • 12 paid holidays and comprehensive medical, dental, and vision insurance from day one.
  • Generous vacation and sick time policies, including vacation buy-up options.
  • Paid parental leave and adoption assistance.
  • Employee Assistance Program with mental health benefits.
Full Job Description
Woodward supports our members' wellbeing and regularly benchmarks with other companies in our industry to offer an extensive Total Reward package for this position. Salary will be determined by the applicant's education, experience, knowledge, skills, and abilities, as well as internal equity and alignment with market data.

Estimated annual base pay:

Level II: $85,000 (minimum) - $110,000 (midpoint) - $136,000 (maximum)

Level III: $105,000 (minimum) - $136,000 (midpoint) - $168,000 (maximum)

All Levels are eligible for the benefits below:
  • All members included in annual cash bonus opportunity.
  • 401(k) match (4.5%)
  • Annual Woodward stock contribution (5%)
  • Tuition reimbursement and Training/Professional Development opportunities for all members
  • 12 paid holidays.
  • Industry leading medical, dental, and vision Insurance upon date of hire
  • Vacation / Sick Time / Vacation Buy-up / Short Term Disability / Bereavement leave.
  • Paid parental leave.
  • Adoption Assistance
  • Employee Assistance Program, including mental health benefits.
  • Member Life & AD&D / Long Term Disability / Member Optional Life
  • Member referral bonus
  • Spouse / Child Optional Life / Optional AD&D / Healthcare and Dependent Care Flexible Spending
  • Voluntary benefits, including:
  • Home / Auto Insurance discounts
  • Whole Life Insurance / Critical Illness Insurance / Legal Assistance / Military Leave


Key Responsibilities:
  • Supplier Assessment: Assess potential suppliers to ensure they conform to category, supply chain, and product strategies and meet the company's quality, cost, and delivery requirements.
  • Contract Management: Negotiate favorable terms and conditions with suppliers to ensure security of supply, commercial appropriateness, and risk management to generate mutually beneficial agreements that will deliver value for both parties.
  • Strategic Sourcing: Select suppliers to provide direct material within a given category of suppliers who substantially conform to the category strategy, provide commercial favorability and reduce risk.
  • Portfolio Management: Manage the portfolio of spend for a given category to include financial performance, plan for every part, and understanding of total supply chain.
  • Commercial Strategy: Analyze total cost structures and implement strategies to reduce procurement risk (financial and otherwise) while maintaining quality and delivery performance to generate best total value for a given category.


Key Skills:

Level II:
  • Collaboration: Proactively shares knowledge and resources with the team. Meaningfully contributes to accomplishing team goals.
  • Legal Acumen: Works with legal and compliance team to ensure contract due diligence. Assists in contract development.
  • Financial Acumen: Frames work in terms of financial principles (cost, revenue, etc.). Creates and manages financial reports. Able to use finance analytic tools.
  • Learning: Acquires knowledge through experiential learning, as well as other methods, and shares findings or reflections with others.
  • Negotiation: Leads negotiations using appropriate strategies. Negotiation results in positive outcomes for the business and supplier. Thinks creatively to optimize deals with suppliers.
  • Problem Solving: Creates or finds appropriate and effective solutions to problems. Uses a systematic approach to solve problems. Effectively implements solutions.
  • Communication and Influence: Shares information effectively, is able to affect decisions across different audiences using specialized approaches. Sells own ideas by tying them into the values, needs, aspirations and goals of others.
  • Information Navigation: Able to distill wide sources of information to stakeholders; uses a wide network of resources and contacts to find appropriate information. Root causes inaccurate information, such as old data or hallucinations produced by AI.
  • Intellectual Curiosity: Crafts innovative solutions. Constructively pushes against long-held assumptions in the function.
  • Value Orientation: Manages projects and goals with little assistance. Establishes performance standards and measurements for work. Delivers on value proposition.

Level III:
  • Collaboration: Sets goals and helps the team accomplish them. Facilitates collaboration opportunities and holds others accountable to shared goals.
  • Legal Acumen: Works with legal and compliance team to ensure contract due diligence. Assists in contract development.
  • Financial Acumen: Frames work in terms of financial principles (cost, revenue, etc.). Creates and manages financial reports. Able to use finance analytic tools.
  • Learning: Acquires knowledge through experiential learning, as well as other methods, and shares findings or reflections with others.
  • Negotiation: Leads negotiations using appropriate strategies. Negotiation results in positive outcomes for the business and supplier. Thinks creatively to optimize deals with suppliers.
  • Problem Solving: Creates or finds appropriate and effective solutions to problems. Uses a systematic approach to solve problems. Effectively implements solutions.
  • Communication and Influence: Shares information effectively, is able to affect decisions across different audiences using specialized approaches. Sells own ideas by tying them into the values, needs, aspirations and goals of others.
  • Information Navigation: Able to distill wide sources of information to stakeholders; uses a wide network of resources and contacts to find appropriate information. Root causes inaccurate information, such as old data or hallucinations produced by AI.
  • Intellectual Curiosity: Crafts innovative solutions. Constructively pushes against long-held assumptions in the function.
  • Value Orientation: Manages projects and goals with little assistance. Establishes performance standards and measurements for work. Delivers on value proposition.


Application window is anticipated to close 7 days from original posting date.

About Woodward, Inc

Woodward, Inc. is an independent designer, manufacturer, and service provider of control solutions for the aerospace and industrial markets. The company's innovative fluid, combustion, electrical, and motion control systems help customers offer cleaner, more reliable, and more efficient equipment. Woodward is headquartered in Fort Collins, Colorado, USA, and serves customers worldwide.
Learn more about Woodward, Inc
Size
7,200 employees
Market Cap
$5.6 billion
Industry
Net Income
$228.5 million
Founded
1870
5 Year Trend
+2.6%
Revenue
$2.3 billion
NASDAQ

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