Manager of Strategic Sourcing
Apply NowCompany: Royal Technologies
Location: Hudsonville, MI 49426
Description:
Description
Position Description and Responsibilities:
Lead and mentor a team of Sourcing Managers to achieve YOY Purchasing operations excellence goals. Identify and implement Category and Sourcing strategies within business operations. Perform market and trends analyses to conduct benchmarking activities and business intelligence, collaborating with internal Supply Managers to achieve cost savings and operational improvement practices. Enhance the total Procurement value by driving standardization, consolidation, optimization and product risk mitigation tactics to protect business continuity for key customers. Negotiate contracts and achieve cost savings from suppliers in key categories. Manage and drive supplier performance and continuous improvement programs with internal plant and Supplier Quality. Review discrepancies in supplier performance and total cost competitiveness, and initiate process changes to optimize costs including acquisition of new suppliers, and consolidation of spend. The ideal candidate will have a strong and technical background in the product sourcing of both domestic and internationally manufactured materials with a direct material spend of +100M. This individual will strongly focus on material cost reduction, lead time reduction and supplier performance improvement along the complete Supply Chain.
Key responsibilities:
Develop Commodity/Supplier Strategies in collaboration with the team of Sourcing Managers.
Review market trends and analysis to ensure best total cost offering for the Customer objectives.
Negotiate long term Supplier Contracts and Consignment/Stocking Agreements to support key Customer requirements.
Manages supplier negotiations and reducing total cost to improve margins and support revenue growth per annual cost improvement (CIP) targets.
Support the activities of the Customer Business Units with New Product Development, Supplier Selection, and project launch deliverables. Assist Engineering with the development of product specifications and substitute materials.
Review performance metrics for comparison and evaluation of supplier performance factors to implement needed action plans for business continuity.
Organize Supplier Business Reviews with key Royal stakeholders.
Participate in company-wide A3, Project Management Teams, and other Continuous Improvement efforts.
Other Leadership Initiatives as assigned.
Ensure compliance to Company regulatory processes, and procedures.
Exhibit Royal's Core Values in dealings, both internally and externally.
Competencies and Qualifications:
Position Description and Responsibilities:
Lead and mentor a team of Sourcing Managers to achieve YOY Purchasing operations excellence goals. Identify and implement Category and Sourcing strategies within business operations. Perform market and trends analyses to conduct benchmarking activities and business intelligence, collaborating with internal Supply Managers to achieve cost savings and operational improvement practices. Enhance the total Procurement value by driving standardization, consolidation, optimization and product risk mitigation tactics to protect business continuity for key customers. Negotiate contracts and achieve cost savings from suppliers in key categories. Manage and drive supplier performance and continuous improvement programs with internal plant and Supplier Quality. Review discrepancies in supplier performance and total cost competitiveness, and initiate process changes to optimize costs including acquisition of new suppliers, and consolidation of spend. The ideal candidate will have a strong and technical background in the product sourcing of both domestic and internationally manufactured materials with a direct material spend of +100M. This individual will strongly focus on material cost reduction, lead time reduction and supplier performance improvement along the complete Supply Chain.
Key responsibilities:
Develop Commodity/Supplier Strategies in collaboration with the team of Sourcing Managers.
Review market trends and analysis to ensure best total cost offering for the Customer objectives.
Negotiate long term Supplier Contracts and Consignment/Stocking Agreements to support key Customer requirements.
Manages supplier negotiations and reducing total cost to improve margins and support revenue growth per annual cost improvement (CIP) targets.
Support the activities of the Customer Business Units with New Product Development, Supplier Selection, and project launch deliverables. Assist Engineering with the development of product specifications and substitute materials.
Review performance metrics for comparison and evaluation of supplier performance factors to implement needed action plans for business continuity.
Organize Supplier Business Reviews with key Royal stakeholders.
Participate in company-wide A3, Project Management Teams, and other Continuous Improvement efforts.
Other Leadership Initiatives as assigned.
Ensure compliance to Company regulatory processes, and procedures.
Exhibit Royal's Core Values in dealings, both internally and externally.
Competencies and Qualifications:
- Bachelor or Master's in Purchasing, Business, or Supply Chain.
- 10+ years of relevant experience in a Manufacturing with Strategic Sourcing, Purchasing, or Commodity Management.
- Organize internal Category reviews to assure alignment across the Company.
- Develop/Mentor team member skills to enhance group performance.
- Create workload balance and shared knowledge for risk mitigation.
- Very analytical/accurate with data collection and reporting.
- Service oriented, goal driven, ability to manage multiple tasks.
- Excellent communication and negotiation skills.
- Strong Customer focus with the ability to effectively communicate at all levels of the business.
- Creative problem solving and time management skills.