Strategic Sourcing Analyst, Plastics (New Graduate)

Company Description

Fortune 200 ITW is a global industrial manufacturer that employs over 46,000 colleagues with operations in 51 countries.  Our businesses operate in global, high-value, niche markets where our expertise and innovation capabilities provide differentiated solutions for customers.

Our people are the powerful force behind our success, and at ITW, we invest our time and resources into helping them grow their skills and interests. Guided by our core values of Integrity, Simplicity, Trust, Respect, and Shared Risk, our decentralized, entrepreneurial culture and diversified businesses make it possible for team members to stay curious and explore passions while learning new areas of our business. Employees are also encouraged to participate in Employee Resource Groups (ERGs), which provide inclusive spaces with a breadth of opportunities to learn, connect, and explore growth opportunities.

Based in Glenview, Illinois ITW's global headquarters includes a free fitness center, subsidized café, outdoor volleyball courts and walking trails, indoor pickleball and basketball court, corporate discounts, dry cleaning services, covered and EV parking, and much more. We are a one-block walk to the Golf Metra station and an easy train ride to downtown Chicago.

Job Description

The PLASTICS STRATEGIC SOURCING ANALYST supports ITW’s Strategic Sourcing organization with developing and implementing sourcing initiatives that drive cost savings and value for our enterprise-wide resins and plastic parts spend. This position plays a critical role in managing one of ITW’s largest global spend categories, working collaboratively with cross-functional teams and across various ITW Divisions. Solution-oriented thinking, creative problem-solving abilities, and project management skills are expected.

RESPONSIBILITIES:

• Support with the development and implementation of sourcing strategies.
  • Support ITW Divisions in meeting 1% annual savings target.
  • Manage ad hoc supply issues; support ITW Divisions with understanding current situations and developing and implementing creative solutions.
  • Conduct supplier discovery tasks and RFx events from start to finish ensuring high quality of work and attention to detail; develop detailed project plans with clear actions and ownership and frequently communicate effectively with all stakeholders.
  • Assess opportunities and support with creating sourcing strategies for “new” areas.
  • Be proactive in working in a decentralized culture and build rapport with internal and external stakeholders.
• Improve research and reporting related to resins and plastic parts:
  • Report out and present on project status, spend analysis, and market research on an as needed basis.
  • Spend data analysis to identify sourcing opportunities and optimize addressable spend.
  • Partner with key internal stakeholders in improving data availability and accuracy to move from data and information to insight and value.
  • Market trend analysis and market research on plastics/resins industry, including, but not limited to current market conditions, key cost drivers, global supply base, industry terminology.
  • Develop commodity and supply base knowledge.
  • Manage strategic relationships with suppliers and market intelligence providers.

Qualifications

• Bachelor’s degree in Chemical Engineering, Chemistry, Supply Chain or Business from an accredited university or college is required
• Minimally, a past internship is required in strategic sourcing or another related field.
• Excellent verbal and written communication skills.
• Motivated self-starter with intrinsic curiosity and willingness to learn.
• High level of emotional intelligence and ability to build trust and foster relationships.
• Experienced in using Microsoft Office applications, especially Excel and possess knowledge of intermediate functions and formulas (PivotTable, VLOOKUP, IFERROR, etc.).
• Willingness to travel to ITW business locations, supplier sites, internal and industry conferences or training as needed (10%-20%).

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 corp_accessibility@itw.com