What are the responsibilities and job description for the Sr. Strategic Sourcing Specialist position at honeywell?
Sr Strategic Sourcing Specialist
As a Sr Strategic Sourcing Specialist here at Honeywell, you will play a crucial role in driving procurement of materials and services in alignment with business leadership. You will be responsible for establishing and executing procurement strategies to achieve the lowest total cost, reduced working capital, and ensure supply continuity. This role requires strong negotiation skills, strategic thinking, and the ability to manage multiple projects in a dynamic global environment.
In this role, you will impact the company by driving competitive commodity and category supply strategies, managing supplier performance, and ensuring compliance with company policies and procedures. You will also contribute to the growth and success of the business by identifying cost-saving opportunities, implementing value engineering initiatives, and eliminating sole/single sources.
KEY RESPONSIBILITIES
• Drive and execute Annual and Strategic Plan with supporting strategies
• Right and Fast execution of strategies to align with business Growth and New Product Introductions
• Manage Category and Commodity Strategies including spend analysis, Benchmarking, Cost, Market Analysis, and Global Technology/Economic trends
• Build new relationships with key Supplier Leadership
• Collaborate with Sales, Marketing, Technology, Business, Operations, Finance, and Quality and other Honeywell Businesses
• Lead Supplier selection, RFQ and RFI process, Negotiation, Contracting, and supplier performance processes
• Apply effective Sourcing supplier risk assessment methodologies to ensure supplier continuity
• Improve Working Capital through Payment Terms extensions, Payment cycle optimization, Vendor Managed Inventories
• Inventory and Lead time reductions
BENEFITS OF WORKING FOR HONEYWELL
• Benefits – Medical, Vision, Dental, Mental Health
• Paid Vacation
• 401k Plan/Retirement Benefits (as per regional policy)
• Career Growth
• Professional Development
