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Sr. Manager Strategic Sourcing
3 months ago
Essential Responsibilities
- Sourcing Strategy Development: Develop and implement sourcing strategies aligned with new product development goals, considering factors such as cost, quality, availability, and supplier capabilities.
- Supplier Identification and Qualification: Identify and qualify suppliers capable of meeting the requirements of new product introductions. Conduct assessments to evaluate suppliers' capabilities, quality systems, and capacity.
- Negotiation and Contracting: Lead negotiations with suppliers to secure favorable terms and conditions for materials and services required for new product introductions. Draft and execute contracts to formalize agreements with selected suppliers.
- Cost Management: Drive cost management initiatives to optimize total landed cost and achieve cost reduction targets for new products.
- Supplier Relationship Management: Build and maintain strong relationships with key suppliers to ensure alignment with business objectives and promote collaboration for continuous improvement.
- Risk Management: Proactively identify and mitigate risks related to sourcing, supply chain disruptions, and supplier performance that could impact new product introductions.
- Project Management: Coordinate cross-functional activities and timelines related to sourcing and procurement to support the successful launch of new products.
- Continuous Improvement: Drive continuous improvement initiatives within the sourcing function to enhance efficiency, reduce lead times, and improve overall performance. Build strategies to establish suppliers relations globally and in the region, increase deflation by negotiating with suppliers year on year, localizing parts or BCC sourcing with reduced lead time, best pay plus other terms & VMIs etc. by collaborating with GCMs, Site teams across Globe.
- Monitor, forecast, and develop strategies to capitalize on macroeconomic and industry trends impacting the assigned commodity and business in region to minimize total material costs, ensure material availability, capacity, and quality
- Work with cross functional team members for high performance and able to drive accountable work culture, retaining and motivating diverse perspective and culture.
- Ensure competitive prices during pre-bids/NPIs and execute on time by getting released POs to preferred suppliers, be part of product development cycle and able to deliver sourcing deliverables.
- Hands on experience on aviation quality system related to suppliers.
- Cost reduction strategies during the execution of projects to meet the deflation year over year target for the business keeping Aviation quality system norms.
- Interact with site teams to understand business needs and develop supply chain strategies that optimize total requirements
- Collaborate with supporting resources (engineering, quality, global supply chain ) to achieve plan including lead time reductions, cash enhancement, VMI etc.
- Participate in Global sourcing initiatives to leverage best practices: partner with corporate commodity leaders, sourcing leaders, and peers to maximize synergies and global suppliers
Qualification/ Requirements
- Bachelor's Engineering Degree Mechanical / Electrical/Electronics from accredited college or university
- Minimum 12-15 years of industry experience with exposure to aviation sourcing function covering above criteria's.
- Ability and willingness to travel as required.
Desired Characteristics
· Proven track record of successfully managing sourcing activities for new product introductions.
Aerospace standards executable experience
· Strong negotiation skills with the ability to influence and build consensus across cross-functional teams.
· Excellent project management skills with the ability to prioritize and manage multiple projects simultaneously.
· Proficiency in supplier evaluation, selection, and relationship management.
· Knowledge of supply chain best practices, industry trends, and emerging technologies.
· Excellent communication and interpersonal skills, with the ability to effectively interact with internal stakeholders and external suppliers.
· Experience with ERP systems and sourcing tools is desirable.
· Experience and industry knowledge within the mentioned commodities & working with matrix organization.
Experience in working with aviation global sourcing teams
· Demonstrated negotiation skills, contracting expertise, and business law knowledge
· Working knowledge of sourcing buy to pay processes
· High motivation, leadership, and influencing skills
· Strong interpersonal and facilitation skills
· Proactive self-starter and change agent
· Cross functional, matrixed, and international team experience
· Excellent written and verbal communication skills
· Effectively communicate across all organizational levels, departments, and functions
· Proven project management and process improvement skills
· Aptitude with analytical tools (ex. Excel, Access); specific skills should include: data-mining, pivot tables, data manipulation
· Ability to perform scenario analysis and strategy development
· Demonstrated technical aptitude and business acumen
· Demonstrated financial acumen and ability to perform cost assessments and analysis
· Familiarity with Enterprise Resource Planning (ERP), and/or other purchasing systems
· CPIM or APICS certification preferred
· Master's / MBA degree preferred
· Green Belt / Black Belt Certified
Additional InformationRelocation Assistance Provided: Yes