Strategic Sourcing Analyst, MRO

Company Description

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 200 company that employs nearly 43,000 people with operations in 55 countries with headquarters in Glenview, IL. We are conveniently located across from the Metra commuter rail, with access to an on-site gym, café and active employee resource groups. 

Job Description

The Strategic Sourcing Analyst role is an influential position within ITW’s corporate sourcing function that will be responsible for the development and execution of the category management and sourcing strategy for MRO, OEM, C Class material, and other general indirect categories ($150M+).   Working as an individual contributor, this position is accountable for working with functional stakeholders across ITW’s business units with the intent to identify and leverage spend requirements across the North American Region in order to develop and execute high performing category strategies achieving best delivered cost, quality and service delivery targets. 

Primary Objectives and Deliverables:

• Lead & execute category plan and sourcing strategy for MRO and other general indirect categories
• Ability to lead and execute value add/value engineering programs specific to opportunities within the assigned categories, (i.e. material lifecycle management, etc.)
• Utilize the 7 Step Sourcing process in order to address all relevant category management activities from business case initiation to category strategy execution to disposition of strategy where necessary
• Assemble, coordinate and lead cross-functional and functional stakeholder councils, in order to properly vet, execute and secure continued performance of category management and sourcing strategies
• Analyze market dynamics to understand upstream cost drivers and their effects on cost and market capacity, develop mitigation strategies where necessary
• Establish category KPI targets (cost, control, process efficiency) and supplier scorecard programs in order to quantify the performance and value return of category management strategies
• Design control plan in order to measure utilization to supply strategy, quantify the correlative effect of programs specific to cost and P&L outcomes, establish corrective action recommendations to support divisional financial goals
• Conduct and lead supplier business reviews in coordination, with ITW internal customers, against the defined KPIs and targeted business outcomes
• Establish benchmark measures at the start of the project and track success, including cycle times, lead times, savings, improved delivery and simplified processes.

Qualifications

• Bachelor’s degree required, in a relevant subject such as business, supply chain, operations, management, or industrial engineering is preferred.
• 2-3 years of Sourcing experience within a leading or influential capacity; prefer in an indirect category role yet also open to direct categories
• Ability to travel an estimated 25% (max.)

Key Skills Include:

• Experience in leading cross-functional teams within a matrixed environment
• Knowledge of cost driver dynamics and influencing market and technology trends within the industrial goods category
• Ability to design effective, fact-based business case justifications with the capacity to drive and steer group decisions
• Experience and a track record of success in delivering:
  • Cradle-to-grave category management strategies for programs with cost reduction targets
  • Market benchmarking & cost modeling analytics to support budget forecasting, cost mitigation and process improvement strategies
• Ability to establish organizational objectives and relevant metrics
• Demonstrated project management skil