Strategic Sourcing:
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Acquire and maintain deep insight into the market for commodities assigned, including industry trends, cost drivers, global pricing, lead-times, technology and manufacturing capability of suppliers in the market that best meet business expectations and objectives
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Lead supplier discovery, evaluation, selection, and sourcing
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Facilitate Request For Information (RFI)’s and Request For Quote (RFQ)’s for new product programs and other sourcing initiatives
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Develop and implement global sourcing strategies to meet strategic objectives as well as program timing, cost, quality, and delivery requirements.
Cost Savings:
Develop and implement supply base management strategies both regionally and globally that lead to lowest total cost in terms of quality, lead time, delivery, service and unit cost
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Facilitate Value Analysis / Value Engineering (VA/VE) activities and use data analytics in order to drive product cost savings and process improvement initiatives to achieve budget performance
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Partner with Product Managers and Procurement Analytics to perform ongoing price / rate benchmarking as well as other analytical modeling to ensure market competitiveness
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Use business analytics logic and skill to identify cost savings opportunities
Supply Continuity Assurance:
Support new product launch initiatives
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Working with the supplier fulfillment team to support escalations as needed with suppliers
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Work cooperatively with Supplier Quality Engineering, Product Engineering and Manufacturing Engineering to assess the quality capabilities of new and existing suppliers to ensure that all purchases meet defined quality standards.
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Identify critical supply disruption points in upstream value chain and formulate effective mitigation strategies
Commercial Precision:
Manage the supplier onboarding process
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Prepare, negotiate, implement and manage purchasing agreements including pricing, terms and conditions, and expected supplier performance
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Ensure ERP system accuracy in terms of part price and purchasing documents
General Responsibilities:
Communicate effectively with all levels of the organization.
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Travel ~ 25% of time. Travel required to meet with suppliers and Modine facilities.