What are the responsibilities and job description for the Senior Strategic Sourcing Analyst, MRO position at ITW?
Job 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 developing 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 our innovative products.
ITW’s differentiated business model comprises 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) employs ~46,000 people with operations in 51 countries with headquarters in Glenview, IL. Our campus includes a fitness center at no cost to the employees, cafeteria, outdoor volleyball courts, walking trails around the facility, employee resource groups, corporate discounts, dry cleaning services, covered/outdoor parking, and much more. We are just a block away from the nearest Metra station, and it is a quick 20-minute train ride to downtown Chicago, museums, lakefront, and other activities.
More details on our benefits can be found on our website at https://www.itw.com/careers/benefits-compensation/
The Senior Strategic Sourcing Analyst role is an influential position within ITW’s Corporate sourcing function that is 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 ). As an individual contributor, this position is accountable for working with functional stakeholders across ITW divisions with the intent to identify and leverage spend requirements across the North American region to develop and execute high performing category strategies achieving best delivered cost, quality, and service delivery targets.
Primary Objectives And Deliverables
The compensation package for the role offers a competitive base salary ranging from $80K - $90K annually.
ITW considers various factors when extending an offer, including but not limited to the scope and responsibilities of the position, the candidate's work experience, education and training, geographic location, key skills, as well as market and business considerations.
In addition to a competitive salary, ITW employees in the U.S. are eligible for a comprehensive benefits package. This package includes medical, dental, vision, disability and life insurance programs. We also provide a 401k plan with both a company match and additional employer contribution, Flexible Spending Accounts, Health Savings Accounts, Employee Assistance Program, Commuter benefits, Adoption Assistance, and Educational Assistance; Parental Leave, vacation, sick time, and 11 Paid Holidays.
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 developing 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 our innovative products.
ITW’s differentiated business model comprises 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) employs ~46,000 people with operations in 51 countries with headquarters in Glenview, IL. Our campus includes a fitness center at no cost to the employees, cafeteria, outdoor volleyball courts, walking trails around the facility, employee resource groups, corporate discounts, dry cleaning services, covered/outdoor parking, and much more. We are just a block away from the nearest Metra station, and it is a quick 20-minute train ride to downtown Chicago, museums, lakefront, and other activities.
More details on our benefits can be found on our website at https://www.itw.com/careers/benefits-compensation/
The Senior Strategic Sourcing Analyst role is an influential position within ITW’s Corporate sourcing function that is 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 ). As an individual contributor, this position is accountable for working with functional stakeholders across ITW divisions with the intent to identify and leverage spend requirements across the North American region 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 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 & functional stakeholder councils, in order to properly vet, execute, and secure continued performance of category management and sourcing strategies
- Analyze market dynamics to understand up-stream 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 to quantify the performance and value return of category management strategies
- Design control plan 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.
- Bachelor’s degree in relevant subjects such as business, supply chain, operations, management or industrial engineering.
- 2-3 years of Sourcing experience within a leading or influential capacity addressing MRO, OEM and C-Class goods and services
- Ability to work 5 days a week at the Glenview corporate campus with flexibility on hours.
- Ability to travel an estimated 25% (max.)
- 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:
- Start to finish category management strategies for programs and 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 skills, project planning, scheduling and tracking
- Experienced in creation, negotiation, and administration of supply contracts
- Proven ability to communicate and work effectively across functional groups; e.g. Operations, Finance, Risk, Legal, HR, etc.
- Strong negotiation skills
- Excellent oral, written, and interpersonal communication skills
- ITW 's Sourcing Department is not currently hiring individuals for this position who now or in the future require sponsorship for employment visa status .
The compensation package for the role offers a competitive base salary ranging from $80K - $90K annually.
ITW considers various factors when extending an offer, including but not limited to the scope and responsibilities of the position, the candidate's work experience, education and training, geographic location, key skills, as well as market and business considerations.
In addition to a competitive salary, ITW employees in the U.S. are eligible for a comprehensive benefits package. This package includes medical, dental, vision, disability and life insurance programs. We also provide a 401k plan with both a company match and additional employer contribution, Flexible Spending Accounts, Health Savings Accounts, Employee Assistance Program, Commuter benefits, Adoption Assistance, and Educational Assistance; Parental Leave, vacation, sick time, and 11 Paid Holidays.
Salary : $80,000 - $90,000
