Sr Sourcing Analyst in Jackson, Mississippi

Date Posted: 1/21/2021

Job Snapshot

Employee Type: Full-time
Date Posted: 1/21/2021

Job Description

Under the direction of and reporting to the Senior Sourcing Manager of a Milwaukee Tool Business Unit, primary duties are to support the development and implementation of sourcing strategies related to New Product Development and ongoing supplier relationship management. Scope primarily includes purchased finished goods but also can include raw materials, components, tooling, capital equipment, and services. Develop and execute cost reduction plans to meet or exceed stated objectives. Own supplier relationships including negotiations, business awards, contracting (including development agreements), scorecards, risk mitigation, and problem resolution (capacity/cost/quality).

This position requires a high degree of professional integrity, ethics and confidentiality. Tasks and projects that address broader organization-wide issues outside of the procurement department may be assigned.

Duties and Responsibilities

  • Develop and execute sourcing strategies for metal components. Develop and execute prioritized plans to implement the strategies
  • Negotiate and manage complex business agreements and contracts, both domestic and international.
  • Manage the entire lifecycle of sourcing & procurement projects, working closely with suppliers and internal customers from planning & bid preparation to budget/forecasting, general delivery specs, negotiation, contracting, invoicing and reporting. This will primarily involve vendors of metal components.
  • Actively participate in new product development projects and proactively coordinate the procurement activities involved with supplier identification, qualification, onboarding and commercialization
  • Prepare and execute RFP/RFQ's and analyze quotations and bids. Conduct, analyze, and share cost break down analysis to aide negotiations of per unit cost, commanding best overall cost and commercial terms
  • Build partnerships with internal stakeholders to gather and/or understand the requirements of their procurement needs; facilitate communication between business units, internal stakeholders, and suppliers
  • Must be able to quickly identify and obtain expertise in assigned categories and understand the relevant manufacturing processes and capabilities, materials, applications and industry trends. Primarily metal stamping, machining and casting
  • Conduct research on market dynamics, cost drivers, supplier business models, and historical spend to enhance negotiations for assigned categories and contracts
  • Evaluate existing sources for technical and manufacturing capabilities, quality systems, management and financial stability, cost competitiveness and responsiveness
  • Manage supplier relationship including communicating risks/opportunities with cross functional teams. Make recommendations for alternate suppliers, designs and materials to reduce costs and supply risks
  • Establish and maintain reliable sources of supply to ensure timely procurement of all assigned goods, materials and services. Implement and manage long term agreements which deliver best in class quality, delivery and total cost
  • Initiate necessary correspondence or personal contact to expedite purchased goods, revise purchase orders, effect cancellations, improve terms, resolve disposition of rejected goods and rework costs, adjust invoice discrepancies and rectify other related problems, as needed. To include all commodities (metals, plastics & electronics)

Job Requirements

  • Requires a Bachelor's degree in relevant field such as Supply Chain/Logistics, Business, Engineering, Finance, or related technical field. Specific course work in purchasing, materials management, engineering or quality assurance desirable. MBA a plus
  • Minimum four years sourcing or related experience, including proven capability using advanced procurement principles with global supply chain management responsibilities
  • Strategic sourcing experience with raw materials, engineered components, and finished goods. Knowledge of metals and alloys along with associated manufacturing processes is highly desirable
  • Must exhibit strong negotiating skills and demonstrate proven success negotiating, implementing and managing supply contracts include (Joint) Development Agreements and Supply Agreements
  • International sourcing/supply chain development a plus
  • Strategic sourcing experience with capital equipment, tooling, and other indirect spend categories desirable
  • Seeking an aggressive, determined individual with excellent organizational skills
  • Outstanding interpersonal, verbal, written, and presentation skills are required
  • Willingness to travel domestically and/or globally (up to 25%)
  • C.P.M./CPSM certification a plus
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