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Strategic Sourcing Manager

Strategic Sourcing Manager

IDEX CorporationFarmington, Connecticut
20 days ago
Job type
  • Full-time
Job description

Job Title : Strategic Sourcing Manager

Hiring Manager : Director, Supply Chain

Mission of the position : The Strategic Sourcing Manager will have responsibility for identifying and managing capable suppliers for machined hardware, powders, and other components used for the design and manufacture of high precision filtration and flow control products. They will serve as the liaison between Mott design engineers and suppliers to quote and secure components which are built to technical and quality specifications. The Strategic Sourcing Manager must apply highly effective and efficient procurement processes to ensure the availability and quality of components, while achieving best cost position. Candidates are expected to have in-depth experience in sourcing and supplier management with a proven track record of delivering savings and solutions in a fast-paced environment.

Company : Mott is a technology driven, high precision filtration and flow-control company trusted by the world’s best technical and performance brands across core markets : Medicine, Computing Power, Clean Energy, Process Industries and Space Exploration. Our products can be found everywhere…including lifesaving medical devices, artificial intelligence, and missions to Mars!

The company’s strategic vision is to deliver technological breakthroughs in critical growth markets. Established in 1959 and located in Farmington, Connecticut (90 miles from NYC and Boston), the company is a part of the IDEX family and has more than doubled in size over the last 5 years. Mott is poised for significant expansion over the next 5 years.

Key Responsibilities :

Strategic Sourcing : Assess potential suppliers to reduce SC risk and cost globally.

Vendor Evaluation : Conduct assessments to identify and qualify vendors based on quality, cost, speed, and reliability.

Request for Proposal (RFP) Creation and Execution : Draft and distribute RFPs to potential vendors, outlining the specifications and requirements for products or services needed.

Category Strategy Development : Complete spend and performance assessment on suppliers to identify preferred suppliers in alignment with Business Unit requirements. Develop and issue supply chain strategies that reduce risk and support business growth.

Cost Analysis : Perform detailed cost analyses using should cost - analysis and benchmarking to identify optimal procurement options aligned with budget constraints and quality standards.

Negotiation : Lead negotiations with suppliers to secure advantageous contract terms and conditions. Drive a minimum of 4% annual YOY cost savings.

Quality Assurance : Collaborate with the quality control team and SQE to ensure the purchased materials meet all necessary quality metrics. Conduct supplier audits as needed.

Order Management : Support the tactical ordering process, from initial requisition to final delivery, ensuring timeliness and accuracy as needed.

Supplier Relationship Management : Maintain and nurture relationships with suppliers for long-term partnership and cost savings. Sponsor effective business reviews with Top Suppliers.

Supply Chain Risk : Identify and reduce supply chain risk through FMEA, dual sourcing, capacity reviews, and supplier performance evaluations.

Technical Project Support : Lead or support key technical projects (quality improvements, capacity expansion, and new innovation).

Technical Liaison : Serve as the point of contact between engineering departments and suppliers to clarify technical specifications or resolve issues.

Continuous Improvement : Use Kaizen, VAVE, and other methodologies to improve sourcing, competitive bidding, negotiation, supplier management, and other aspects of supply chain activities.

Major Challenges :

Wide range of products for vast applications and markets.

Low spend leverage to drive best price and terms.

Sole sourced positions given nature of project lines.

Balancing speed with supplier due diligence.

Prioritization projects based on business needs.

Expected Performance Outcomes :

Develop and issue comprehensive sourcing and supply chain strategies for assigned spend categories.

Implement supplier scorecards and performance reviews to ensure 98%+ on-time delivered.

Develop and execute a project funnel to deliver 4% cost savings annually.

Improve the speed of quoting and product delivery by implementing best-in-class processes.

Required Experience :

Minimum of 5 + years in materials procurement or a closely related field.

Experience purchasing to technical specifications with an understand of geometric dimensioning and tolerancing.

Prior experience with vendor management (global) and strategic sourcing.

Demonstrated ability to develop and drive category or spend strategies.

Demonstrated ability to drive to goals including working capital and cost savings targets.

Experience in negotiations and contract management.

Experience with should cost analysis and modeling a plus.

Continuous improvement expertise using Kaizen, VAVE, and other lean methodologies.

Technical Knowledge / Skills :

Minimum - BS degree in Procurement or Supply Chain. Degree in engineering a plus.

Additional certifications a plus :

Certified Purchasing Professional (CPP)

Certified Professional in Supply Management (CPSM)

Accredited Purchasing Practitioner (APP)

Six Sigma Certified

Personal Attributes :

Cost and Quality-minded

Self-directed

Acts with a sense of urgency

Excellent communicator

Customer-centric

Results-driven

Strong negotiation capabilities

Great attention to detail

Ability to work under pressure and meet deadlines

Teamwork and collaboration skills

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Strategic Sourcing Manager • Farmington, Connecticut

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