Since its founding more than 100 years ago, ITW has become one of the world’s leading diversified manufacturers of specialized industrial equipment, consumables, and related service businesses. We place a high premium on the development of innovative solutions–most of which are developed in tandem with our customers. And we continue to ensure that our customers receive timely, cost-effective service for the innovative products we provide.
ITW’s differentiated business model is composed of a set of 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) is a Fortune 300 company that employs nearly 45,000 people with operations in 51 countries with headquarters in Glenview, IL.
Job DescriptionThe Strategic Sourcing Manager – Mechanical Components position provides critical leadership for all ITW segments globally. This role will create and deliver sourcing strategies. The Manager will play a significant role in managing projects and providing project support for sourcing events that span multiple Segments of ITW, where synergies crossing common supplier base or materials are to be explored and leveraged.
In this role, the Sourcing Manager 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. General working knowledge of one or more of the following commodity categories will benefit the performance of the individual in this role: Machining, Castings, Fabrication, Stampings, and other Various Mechanical Components, Finished Goods & Outside Processes.
Key Deliverables:
Create Data-Driven StrategiesReview and cleanse existing internal and external data to evaluate and communicate opportunitiesCapture commodity market data and create comprehensive market and supplier summariesDefine supplier segmentation and drive volumes towards preferred suppliers and away from exit suppliers. Collect performance data to drive supplier segmentation. Utilize diverse suppliers where possible.Where appropriate, protect ITW’s long-term interest with formal contracts or agreements between ITW and its suppliers. Have a working knowledge of regional legal risks and commercial terms and conditions, applying those to contracts as required. Monitor contract performance and assess/report risks.Support the various mechanical components categories as needed.Drive Cost Savings and Operating Income ImprovementAchieve Yearly Savings targets; drive those savings collaboratively with other functional areas to protect OI goals/yield (R&D, Innovation, Business Development).Drive cost savings via value engineering, RFQ’s, etc. Support action plans and project management of implementations to ensure savings are realized.Work with ITW divisions to obtain and validate commodity sourcing requirementsWork with the supply base to ensure a timely and efficient RFQ process with cost transparency.Leverage ITW’s supplier relationships and spend to drive results.Use internal data sources for Spend, Category Management, Tracked Initiatives, external Market intelligence on various Categories, and analyzing those sources to develop conclusions and priorities on a routine basis.Drive Innovation and GrowthSupport ITW’s organic growth goals by engaging with engineering and innovation teams in NPD projects on a regular basis globally.Ensure ITW gets Intellectual Property rights for development work; work to protect ITW’s IP.Utilize sustainable solutions where possible and understand sustainability activities at suppliers.Integrate supplier feedback and technical capabilities with business unit leadership to deliver existing product enhancements, expedited roll out of future products, and contain market inflation.Risk ManagementTrack and address commodity shortages, price increases, tariff mitigation, Force Majeures, and other events to ensure supply continuity. Train divisions to do the same.Manage various risks (lifecycle, lead time/availability, sole sourcing, financial, supplier selection, warranty, etc.) and set up ITW divisions to reduce risk.Communicate proactively with business leadership when market trends and/or risks are identified within the portfolio of businesses. Create recommendations and action plans to mitigate those risks within the business units and across platforms.
QualificationsBachelor’s degree, preferably in Mechanical Engineering, or in a science-based discipline with a minimum of 5 years of work experience in a direct material sourcing, supply chain, engineering, or operations capacityStrong knowledge of the mechanical components supply chains and strategic sourcing in general.Experience communicating to Executive stakeholders and prioritizing the overall missionAbility to be in the office full-time at the Glenview, IL corporate campus with flexible hours Experience in innovation projects is preferred.Experience implementing supply management scorecards, accountability matrices and subsequent negotiation/supplier alignment on business interests.Ability to prioritize and apply the ITW 80/20 principle to all projects and initiativesKnowledge and experience of Design for Manufacturing and VAVE are desiredExceptional project management skills in decentralized, multi-location, multi-country operations that include stakeholders with localized P&L accountabilitiesSelf-management, negotiation skills, and experience assessing supplier capabilities are expectedExceptional analytical (e.g. financial data analysis and budget planning) and communication skills.Willing and able to travel internationally and domestically on a regular basis.Additional Information
Illinois Tool Works Inc. (“ITW” or “the Company”) is an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, sex, gender identity, sexual orientation, religion, national origin, age, disability, protected Veteran status or any other characteristic protected by applicable federal, state, or local laws.
If you are a qualified individual with a disability and are unable or limited in your ability to use or access the online application system process due to your disability, please email [email protected] to request assistance. No other requests will be acknowledged.
ITW is an equal opportunity employer. We value our colleagues’ unique perspectives, experiences and ideas and create workplaces where everyone can develop their careers and perform to their full potential.
As an equal employment opportunity employer, ITW is committed to equal employment opportunity and fair treatment for employees, beginning with the hiring process and continuing through all aspects of the employment relationship.
All qualified applicants will receive consideration for employment without regard to race, color, sex, gender identity, sexual orientation, religion, national origin, age, disability, protected Veteran status or any other characteristic protected by applicable federal, state, or local laws.