Plans, organizes, directs, controls and communicates all strategic sourcing activities related to assigned commodities and services to cross functional supply, engineering, technical support and operations group
Conducts brainstorming sessions at facilities with cross functional teams to identify strategic opportunities and deployment priorities on cost saving initiatives.
Provides oversight to sourcing/project managers on the deployment of projects with internal and external stakeholder
Collaborates with global and regional supply teams to identify, screen and qualify strategic suppliers.
Works with global facilities to create regional and global material cost savings funnels that align with commercial strategies and financial targets
Drives spend analysis, including counter measures for projects that fall short of plan and makes decisions to remedy the issues to get the teams back on track to meet or exceed plan
Develops and delivers strategies that will deliver year over year cost savings.
Possesses an understanding of total cost of ownership
Proactively assesses internal and external process improvements and influences effective change and drive innovation and continuous improvements
Collaborates with global business units on the preparation of Request for Proposals (RFPs), Request for Quotations (RFQ's) and leads the screening and supplier selection process
Negotiate and drafts supplier contracts of sale, including payment terms, deliveries, price, freight terms, currency exchange, raw material steel fluctuation, inventory levels
Analyzes market and delivery conditions to determine present and future (industry trends in pricing and availability that will impact the business) material availability, and prepares market analysis reports
Responsible for timely reporting to agree upon KPI's and presenting Strategic Sourcing plans, activities and progress
Professional Experience/Qualifications:
BA or BS degree required preferably in Supply Chain/Operations Management, minimum in a business/industrial related field
7 years' experience working in an industrial manufacturing environment with experience in strategic Procurement/Supply Chain, or similar position
Proven success of strategically working with suppliers
Experience sourcing in low cost regions
Experience working with multiple locations globally
Proven success in a change management and "stretch" environment
Ownership of [direct material] categories with general knowledge of other categories such as steel, resin, forgings and stampings are a plus
Proven success in a matrix driven organization
Excellent working knowledge of industrial markets, suppliers and company requirements
Travel up to 25%
Benefits
Medical, Dental, Vision and Prescription Drug CoverageSpending accounts (HSA, Health Care FSA and Dependent Care FSA)Paid Time Off and Holidays401k Retirement Plan with Matching Employer ContributionsLife and Accidental Death & Dismemberment (AD&D) InsurancePaid LeavesTuition AssistanceAbout Regal RexnordThe Company's end markets benefit from meaningful secular demand tailwinds, and include factory automation, food & beverage, aerospace, medical, data center, warehouse, alternative energy, residential and commercial buildings, general industrial, construction, metals and mining, and agriculture.Equal Employment Opportunity StatementRegal Rexnord is an Equal Opportunity and Affirmative Action EmployeHealth insuranceDental insuranceVision insurance401(k)
Additional Information
This position reports to the Director of Global Procurement and is responsible for the management of all activities associated [Direct Material] products category. This position will provide global category leadership, aligning with regional category teams and working closely with divisional product leaders, operations and other key stakeholders to deploy strategies that drive value and sustainability in our supply chain. Key Responsibilities.
Regalrexnord · US