Work Model: This is a fully onsite role, with work performed at your designated Regal Rexnord office.
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The Strategic Sourcing Buyer is responsible for developing and executing sourcing strategies that support business growth, supply continuity, supplier diversification, and cost competitiveness. This role focuses on long-term procurement initiatives including supplier development, contract negotiations, new supplier onboarding, risk mitigation, and new product sourcing. The position partners closely with Operations, Engineering, and Corporate Sourcing to build a scalable and resilient supply base while operational buyers manage day-to-day purchasing activities.
Key Responsibilities
- Develop and execute sourcing strategies aligned with business growth, new site expansion, and operational requirements.
- Identify, evaluate, and onboard new suppliers to support capacity, cost, quality, and delivery objectives.
- Lead RFQ, RFP, and supplier selection activities, including commercial negotiations and contract development.
- Implement dual-source and supplier risk mitigation strategies to improve supply chain resilience.
- Support new product introductions and Engineer-to-Order projects through strategic supplier engagement.
- Negotiate long-term supply agreements and strategic partnerships.
- Drive cost reduction and value engineering initiatives through supplier collaboration and market analysis.
- Coordinate sourcing activities with Corporate Sourcing to leverage enterprise agreements and supplier strategies.
- Monitor supplier market trends, capabilities, and risks to proactively support business objectives.
Minimum Qualifications- Bachelor’s degree in Supply Chain Management, Business Administration, Operations Management, or a related field.
- Minimum of four (4) years of experience in procurement, strategic sourcing, supply chain, or purchasing roles.
- Demonstrated experience managing supplier relationships, sourcing components, materials, or services, and supporting cost, quality, and delivery objectives.
- Strong analytical, negotiation, and problem-solving skills.
- Proficiency with Microsoft Excel and business systems used for procurement and supply chain management.
Preferred Qualifications- One (1) or more years of experience leading sourcing initiatives, supplier negotiations, cost-reduction projects, or supplier development programs.
- Experience working in a manufacturing environment, preferably supporting electrical, industrial, or engineered products.
- ERP/MRP system experience, with SAP preferred.
- Familiarity with supplier performance management, contract negotiations, RFQ/RFP processes, and total cost of ownership methodologies.
- Experience working cross-functionally with Engineering, Operations, Quality, and Finance teams.
Success Measures
- Cost savings and cost avoidance
- Supplier risk reduction
- New supplier qualification and onboarding
- Dual-source implementation
- Contract coverage and compliance
- New product sourcing readiness
- Supplier performance improvements
Benefits- Medical, Dental, Vision and Prescription Drug Coverage
- Spending accounts (HSA, Health Care FSA and Dependent Care FSA)
- Paid Time Off and Holidays
- 401k Retirement Plan with Matching Employer Contributions
- Life and Accidental Death & Dismemberment (AD&D) Insurance
- Paid Leaves
- Tuition Assistance
