Sourcing Manager

Company: S&C Electric Company
Location: Chicago
Posted on: April 16, 2024

Job Description:

Job Summary


S&C Electric Company, an employee-owned global provider of equipment and services for the electric power industry, seeks an experienced sourcing and supply chain professional to fill a key role in the Sourcing Department at its Chicago Headquarters. This experienced and professional individual will manage several key commodity portfolios and suppliers that will serve the needs of the S&C Chicago manufacturing location. The individual will also have the indirect responsibility to find, qualify and develop suppliers with a long- term view to the being used in all of S&C's global locations.


This person will be responsible for ensuring that the correct supply base is selected for each of the assigned commodities, while ensuring that cost reduction targets and supplier performance goals are met. The person will be tasked with ensuring that the longer- term relationships are solidified through long term agreements or contracts as well as inventory agreements. The candidate will undertake commodity and industry benchmarking projects to ensure that S&C remains at a competitive advantage in the marketplace and will ensure that the global Sourcing team is made aware of potential "best in class"


The accountabilities of this position include, but are not limited to the following:

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• Actively manage the performance of the mechanical portfolio of direct material suppliers to ensure that all KPIs' and production requirements are met.
  
• Develop and implement a global sourcing strategy for the categories/commodities based on industry and market trends and conditions and continue to assess in the medium/long term (3-5 years) horizon.
  
• Perform Supplier Development action plans/improvement plans through regular business reviews with the suppliers.
  
• Ownership of Supplier Business Reviews (SBR).
  
• Plan and conduct strategic and tactical negotiations related to supply and purchase agreements with a view to mutual benefits and success.
  
• Lead supplier evaluations and communicate the results to the supplier, internal customers and the leadership team.
  
• Assess new suppliers for business fit, financial stability and ensure that they will provide best overall value to S&C.
  
• Lead and/or participate in a formal Category Management process.
  
• Develop long term project plans to increase the number of qualified suppliers on the S&C Approved Supplier Matrix (ASM).
  
• Ensure that only SSM-P/A suppliers are used in supplying S&C with materials.
  
• Using Net Cost reporting, ensure that market inflation/deflation is understood in each portfolio and develop, where required, mitigation plans.
  
• Ensure the use and promotion of SSM-P/A suppliers on NPD (New Product Development) projects and look to mitigate supply chain risk if identified.
  
• Negotiate prices and make contract commitments with established and new suppliers
  
• Escalation management and conduit from supplier to Sr. Management team.
  
• Ensure that all Sourcing project plans are updated and maintained on a regular basis.
  
  
  
  To select this job as one of interest to you, at a minimum, you must have the following:
  
  
  
  
  
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  • BS in business or technical discipline. MBA or current certification by ISM (CSM/CPSM) or APICS CSCP would be beneficial.
    
  • Experience working with EMS providers, component distribution and the like is extremely beneficial
    
  • Work record showing ability to conceive and implement strategic sourcing initiatives and assure their long-term success
    
  • Demonstrated experience leading and participating on cross-functional global teams
    
  • Experience with and understanding of manufacturing processes for industrial products and components
    
  • Excellent written and verbal communication skills, including personal and group presentations
    
  • Highly skilled in use of business technology and communication tools
    
  • Excellent working knowledge of MS Office
    
  • Ability to travel globally 35% of the time.
    
    
    
    #LI-KD1
    
    
    
    
    

Keywords: S&C Electric Company, Oak Park , Sourcing Manager, Executive , Chicago, Illinois