Sr Strategic Sourcing Engineer, Mechanical Components
23 Days Old
ITW's differentiated business model comprises unique core capabilities: our proprietary 80/20 business process, customer-back innovation, and our well-known decentralized entrepreneurial culture. These capabilities are unmistakably ITW-and key to our longevity and strong performance.
ITW's products and solutions are at work all over the world, in deep-sea oil rigs, aerospace technology, bridges and wind turbines, healthcare, the spaces in which we live and work, the cars we drive, and the mobile devices we rely on. We are never, whether we know it or not, more than a few steps from an innovative ITW solution.
Today, ITW (NYSE: ITW) employs ~46,000 people with operations in 51 countries with headquarters in Glenview, IL. Our campus includes a fitness center at no cost to the employees, cafeteria, outdoor volleyball courts, walking trails around the facility, employee resource groups, corporate discounts, dry cleaning services, covered/outdoor parking, and much more. We are just a block away from the nearest Metra station, and it is a quick 20-minute train ride to downtown Chicago, museums, lakefront, and other activities.
More details on our benefits can be found on our website at https://www.itw.com/careers/benefits-compensation/
The Senior Strategic Sourcing Engineer - Components role supports the Strategic Sourcing organization in developing, managing, analyzing and preparing recommendations on sourcing initiatives for Mechanical Components, Finished Goods, and Secondary Processing sourcing. Senior Analysts play a key role in understanding the strategic sourcing process, developing and presenting insightful reports for developing commodity sourcing strategy and participating in ITW cross-functional and cross-divisional sourcing teams/initiatives. Number-based opportunity assessment and fact-based negotiation are the key tools in driving costs closer to ideal costs and enhancing product margins. Self-management and capability of supporting negotiation preparations, advanced sourcing tactics such as value engineering, and assessing supplier capabilities, and experience in purchasing operations are expected.
In this role, the Senior Strategic Sourcing Engineer will act as a resource to mine and analyze data across multiple ERP systems and utilize standardized tools such as MS Excel and Market Intelligence Portals to synthesize marketplace information into a cohesive sourcing strategy.
What Makes This a Great Opportunity:
- ITW offers a strong culture based on integrity and trust, operating under the highest ethical standards, the opportunity to work with various levels in the organization and to communicate ideas and concepts to drive and influence organizational change
- This individual will communicate and coordinate across different departments and levels within the organization
- This is a strategic role within the organization that could lead to significant growth and responsibility
- The individual will be exposed to highly diversified businesses in a wide spectrum of industries
Key Deliverables:
- Data mining and analysis
- Take existing internal and external data and evaluate and communicate anomalies and opportunities
- Resolve internal and external data calculation errors and validate final calculations
- Provide comprehensive analysis to support strategic sourcing solutions
- Create and maintain the Components database
- Utilize third-party tools to drive data cleansing and standardization
- Coordinate RFQ's
- Generate a minimum of $1.5 million in savings for categories in scope.
- Work with ITW divisions to obtain and validate commodity sourcing requirements
- Work with the supply base to ensure a timely and efficient RFQ process
- Create comprehensive analysis of supplier quotations to aid in the sourcing selection process
- Market Analysis
- Capture commodity market data and create comprehensive market and supplier summaries to aid sourcing strategies.
- Track commodity shortages, price increases, Force Majeures, and other events to ensure supply continuity.
Qualifications
- Bachelor of Science from an accredited Mechanical Engineering, Industrial Engineering or Engineering Technology or equivalent engineering program is required.
- 3+ years of experience.in several manufacturing methods is required such as: machining, sand casting, die casting, investment casting, fabricated sheet metal, stamping, mechanical assemblies, value-add assemblies, injection molding, etc.
- Ability to work 5 days a week at the Glenview, IL corporate office with flexibility on hours.
- Experience in designing products is required.
- Experience in DFM, VA/VE, and cost-out activities and product teardowns is required.
- Experience in cost modeling is strongly preferred.
- Experience in using Apriori, Costimator, Micro Estimating or Boothroyd Dewhurst (DFMA) is strongly preferred.
- Candidates with certifications like Six Sigma, CQA, CQE, and SAVE are given preference. Previous experience in dealing with suppliers, PPAP process documentation, implementing process and design changes in products with support from cross functional teams is important.
- Experience in Supplier Development is preferred.
- Experience in Tool and Die Making (Tool Design) is preferred.
- Commercial awareness and experience from low cost suppliers.
Compensation Information:
The compensation package for the role offers a competitive base salary ranging from $95K - $110K annually.
ITW considers various factors when extending an offer, including but not limited to the scope and responsibilities of the position, the candidate's work experience, education and training, geographic location, key skills, as well as market and business considerations.
In addition to a competitive salary, ITW employees in the U.S. are eligible for a comprehensive benefits package. This package includes medical, dental, vision, disability, and life insurance programs. We also provide a 401k plan with a company match and an additional employer contribution, Flexible Spending Accounts, Health Savings Accounts, Employee Assistance Program, Commuter benefits, Adoption Assistance, and Educational Assistance; Parental Leave, vacation, sick time, and 11 Paid Holidays.
- Location:
- Glenview