Sourcing Specialist

Job Summary This position will be responsible implementing a sourcing strategy for manufacturing plants within SPX Flow business. Establish and drive sourcing of material and services in alignment with business Leadership for your assigned commodity / category and/or region as per Annual Operating Plan and Strategic Plan. You will have NHS Business Unit (BU) responsibility for driving competitive commodity and category supply strategies to achieve lowest Total Cost for BU, reduced Working capital via Negotiation planning and execution, High Growth Region Sourcing, Value Engineering and Sole/ Single Source elimination. You will manage Supplier Performance to support your commodity/category and/or region and ensure supply continuity. You will be managing several projects in dynamic environment. You will ensure compliance with company business policies and procedures, Export /Import regulations. Principal Duties And Responsibilities Manage Supplier selection, RFI and RFQ process, Negotiation, Contracting ( MPA, SA, etc.) and supplier performance processes; Ownership of supplier selection, price and terms management. Works collaboratively with Category Sourcing team on supplier selection where strategic suppliers are involved. Manage BU suppliers’ performance. Work collaboratively with Supplier Quality team on management of supplier scorecards. Gathers input from local Purchasing on supplier performance. Perform business review with supplier leadership; Ensure Relationship development and management with key Supplier Leaderships; Maintenance of approved vendor list, info records and vendor master records for manufacturing sites. Identify, develop, manage and complete BU sourcing projects. Support/coordination of global strategic sourcing projects. Monitor & log sourcing savings performance for completed projects in Sourcing Savings Tracker. Participate in events for sourcing savings initiative development (e.g. Sourcing Kaizen, VA/VE tear down analysis, Supplier Innovation events, etc). Monitor & address inflationary issues for assigned commodity for BU globally. Market intelligent -Understanding of market situation and adjust BU assigned commodity sourcing strategy; Monitor and address PPV (Purchasing Price Variance) issue for assigned commodity; Performance & risk management of site suppliers, address sole source risk; Supply Chain Support of New Product Development and localization projects Works collaboratively with Supplier Quality team on qualification of new suppliers and FAQ. Improve Working Capital thru Payment Terms extensions, Payment cycle optimization, Vendor Managed Inventories Inventory and Lead time reductions Assist in Site Tactical Procurement escalations, reconciliations, and reporting as required Collaborates with Regional Sourcing, Category Sourcing, Supplier Quality, Sales, Product Management, Engineering, Manufacturing, Purchasing, Planning, Legal, IT, Shared Services and Finance groups on achieving business unit goals. Knowledge, Skills & Abilities MUST HAVE Strong knowledge of ERP Systems and Microsoft Applications (PowerPoint, Excel, Word, PowerBI) with ability to perform Spend data analysis. In-depth knowledge of strategic sourcing and supplier management. Excellent communication skills – logical and organized High-level negotiation skills. Highly developed analytical skills with demonstrated creative problem-solving experience WE VALUE Professional Certifications in Project/Supply Chain/ Procurement/Contract Management Demonstrated Business and financial acumen Experience with SAP ECC5, ECC6 & SAP BW4 HANA knowledge of purchasing, materials management and LEAN principles. Ability to lead events for sourcing savings plan development (e.g. Sourcing Kaizen, VA/VE tear down analysis, Supplier Innovation events, etc). Understanding of supplier capabilities and the marketplace. Strong knowledge of contractual terms & conditions. Demonstrated ability to interface with top executive and senior level management, both internally and externally. An excellent team player. Ability to effectively collaborate with key stakeholders and partners within a cross functional environment. Education And Experience Minimum of a Bachelor’s degree in Business, Finance, Engineering, Supply Chain or related field. Minimum of 5 years relevant sourcing work experience in global manufacturing company. Experience managing a portfolio of spend in excess of $10M. PHYSICAL DEMANDS The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individual with disabilities to perform the essential functions. WORKING CONDITIONS General office environment. 20% domestic and international travel required. DISCLAIMER The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions. SPX FLOW VALUES SPX Flow employees are expected to behave in accordance with our company values as outlined below. QUALITY Quality encompasses all aspects of SPX FLOW’s business, and every employee shares the responsibility to prevent the occurrence of any nonconformity relating to product, process and the quality system. All employees have an obligation to identify and record any such nonconformity, and through designed channels, initiate and recommend solutions. #J-18808-Ljbffr SPX FLOW, now ITT Flow Technologies