Title

Strategic Sourcing Analyst

Location

Elk Grove Village, IL

Duration

full-time

Description

Responsible for overseeing and facilitating processes related to the Global sourcing and purchasing of products with little or no supervision. Accomplished through build relationships with suppliers, ensuring world class vendor delivery, negotiating cost, inventory optimization & developing agreements that ultimately help Dexter grow and become more profitable. In addition, this role supports new product launch initiatives while developing & implementing cost reduction, sourcing strategies, leading to improved quality, technology, & on-time-delivery performance. The Strategic Sourcing Analyst will work closely with the Supply Chain Manager and will be heavily relied upon to drive: forecasts, report economic savings performance, negotiate price reductions, and long term agreements.

  • Manage all processes related to global sourcing and purchasing of products and commodities.
  • KPI management (cost savings, cost avoidance, on-time delivery)
  • Establish & Maintain customer & business partner relationships with supplier and lead evaluation, selection, and sourcing for assigned commodities.
  • Implements supply base management strategies that lead to lowest total cost in terms of quality, lead time, delivery, service and unit cost.
  • Developing and executing Request for Proposals (RFP’s), Request for Quotes (RFQ’s) and Requests for Information (RFI’s)
  • Supports/Leads the selection of suppliers, negotiates and maintains performance to expectations plus drives supplier continuous improvement.
  • Forecasts/reports monthly performance of material economics/cost saving objectives; identify and advise management of risks/opportunities.
  • Proactively foster internal cross -functional relationships with engineering, sales, and marketing teams in order to drive regional and global strategies for assigned commodities.
  • Negotiate, implement and manage LTA's (long term agreements) while achieving commercial savings and technical cost reductions in order to meet or exceed material cost and total cost reduction objectives and while supporting organizational initiatives.
  • Accomplish forward buying analysis to ensure accurate business forecasting and product projection

Education

Bachelors or better in Business Administration or related field.

Experience

3 years: The ability to develop sourcing strategies

3 years: Secure and document cost savings

3 years: Years experience sourcing products with 10+ week lead times

3 years: Years experience sourcing raw materials

5 years: Years experience outsourcing machined processes

Employment Type

Contractors Accepted

Employment Offered

Compensation Schedule

Annual

Date

  • Posted: 1/31/2019
  • Updated: 2/21/2019
  • Expires: 2/21/2019

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