Scope of role:

This position reports to the Director of Global Procurement and is responsible for the management of all activities associated [Direct Material] products category. This position will provide global category leadership, aligning with regional category teams and working closely with divisional product leaders, operations and other key stakeholders to deploy strategies that drive value and sustainability in our supply chain. Key Responsibilities.

Responsibilities:

• Manages complex multi-year supplier relationships aligned to enable our front-end portfolio strategies 
• Plans, organizes, directs, controls and communicates all strategic sourcing activities related to assigned commodities and services to cross functional supply, engineering, technical support and operations group 
• Conducts brainstorming sessions at facilities with cross functional teams to identify strategic opportunities and deployment priorities on cost saving initiatives. 
• Provides oversight to sourcing/project managers on the deployment of projects with internal and external stakeholder   
• Collaborates with global and regional supply teams to identify, screen and qualify strategic suppliers. 
• Works with global facilities to create regional and global material cost savings funnels that align with commercial strategies and financial targets  
• Drives spend analysis, including counter measures for projects that fall short of plan and makes decisions to remedy the issues to get the teams back on track to meet or exceed plan  
• Develops and delivers strategies that will deliver year over year cost savings. 
• Possesses an understanding of total cost of ownership  
• Proactively assesses internal and external process improvements and influences effective change and drive innovation and continuous improvements  
• Collaborates with global business units on the preparation of Request for Proposals (RFPs), Request for Quotations (RFQ’s) and leads the screening and supplier selection process  
• Negotiate and drafts supplier contracts of sale, including payment terms, deliveries, price, freight terms, currency exchange, raw material steel fluctuation, inventory levels  
• Analyzes market and delivery conditions to determine present and future (industry trends in pricing and availability that will impact the business) material availability, and prepares market analysis reports  
• Responsible for timely reporting to agree upon KPI’s and presenting Strategic Sourcing plans, activities and progress  

Professional Experience/Qualifications:

• BA or BS degree required preferably in Supply Chain/Operations Management, minimum in a business/industrial related field   
• 7 years’ experience working in an industrial manufacturing environment with experience in strategic Procurement/Supply Chain, or similar position  
• Proven success of strategically working with suppliers  
• Experience sourcing in low cost regions  
• Experience working with multiple locations globally  
• Proven success in a change management and “stretch” environment  
• Ownership of [direct material] categories with general knowledge of other categories such as steel, resin, forgings and stampings are a plus  
• Proven success in a matrix driven organization  
• Excellent working knowledge of industrial markets, suppliers and company requirements 

Salary

Expected Salary: 130K-150K

The salary range provided is intended to display the value of the company's base pay compensation for all statewide locations across the United States. Salary is dependent on a multitude of factors, including but not limited to the physical worksite location, candidate's skill set, level of experience, education and internal peer compensation comparisons.

Benefits

• Medical, Dental, Vision and Prescription Drug Coverage
• Spending accounts (HSA, Health Care FSA and Dependent Care FSA)
• Paid Time Off and Holidays
• 401k Retirement Plan with Matching Employer Contributions
• Life and Accidental Death & Dismemberment (AD&D) Insurance
• Paid Leaves
• Tuition Assistance

About Regal Rexnord

Regal Rexnord is a publicly held global industrial manufacturer with 30,000 associates around the world who help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company’s electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power indust