Illinois Tool Works Inc.
Sourcing Manager
Illinois Tool Works Inc., Carol Stream, Illinois, United States, 60158
ITW (NYSE: ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenue of $16.1 billion in 2023. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW’s approximately 45,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture.IDS, a division of ITW, is a global market leader in the design and manufacturing of pad printing, hot stamp, heat seal, and tax stamp technology for product decoration. Our brands provide equipment together with all required supplies and services to serve as a true single source solution for product decoration and sealing. Our division consists of four global brands with a shared mission – to be your trusted partner for product decoration.As a key member of the Purchasing team, the Sourcing Manager will be responsible for establishing key domestic and global supplier relationships to drive supply chain continuous improvement initiatives. The selected individual will be responsible for all aspects of purchasing and supply chain management to operate efficiently and coherently with the business plan. Must be able to work in a fast paced highly engineered environment and work closely with Engineering, Production and Accounting.Salary Range : $125,000.00-135,000.00
RESPONSIBILITIES:Conduct daily procurement functions to ensure timely delivery of both production and indirect materials to meet production schedules and customer demands, negotiate pricing and terms, and adhering to ITW Corporate metrics of maintaining appropriate MOH (Months of Hand) and grading reserves.Work within Supplier Segmentation best practices to develop strong supplier relations, identify preferred suppliers and be involved in supplier performance monitoringPlay an integral role in inventory control management by reviewing quantity levels, doing daily transactions, cycle counting, investigating inventory discrepancies, coordinating physical inventories, and meeting annual objectives / metrics.Actively involved in production scheduling, releasing Purchase Orders per customer and production demands, and working closely with department managers to monitor finished goods.Provide Excellent customer service to internal customers from departments including but not limited to Customer Service, Sales & Service, Production and Engineering.Ensure all orders confirmed by suppliers and agreed upon delivery dates are accurate in ERP system and ensure on-time delivery goals are met.Maintain valid due dates in the purchasing database, files and planning reports. Expediting as requiredEnsure that non-confirming product is processed and that dispositions are completed in a timely manner.Lead vendor negotiations and contract set-up, pricing, terms, and delivery with suppliersResolve billing issues and supplier problems that may ariseReport problems that affect the production schedule to appropriate manager(s)Maintain effective inventory levels to achieve month on hand (MOH), on-time delivery (OTD), and customer satisfaction. Adjust accordingly.Maintain up to date SDS for all products on our T-Drive and master SDS book for associate’s reference. Make sure website is updated with new/revised SDS. Send copy of new and updated SDS to Infotrac for emergency phone contact.Maintains focus on continuous improvement by applying 80/20, PLS, and USa principles/techniques and makes process improvement recommendations to managementAll other duties as assignedEducation:
4-year bachelor’s degree – Materials Management, Logistics, Production Planning, Purchasing or equivalent.License(s)/Certifications(s):
APICS CPIM or ISMCPSM certifications are a plusExperience/Skills:5 years’ experience in inventory control and purchasing, including specific experience in negotiating custom manufactured components, sourcing/buying commodity items preferred.Preferable in a manufacturing organization across a multi-location or a global businessExcellent verbal and written communication skillsAbility to travel (#J-18808-Ljbffr
RESPONSIBILITIES:Conduct daily procurement functions to ensure timely delivery of both production and indirect materials to meet production schedules and customer demands, negotiate pricing and terms, and adhering to ITW Corporate metrics of maintaining appropriate MOH (Months of Hand) and grading reserves.Work within Supplier Segmentation best practices to develop strong supplier relations, identify preferred suppliers and be involved in supplier performance monitoringPlay an integral role in inventory control management by reviewing quantity levels, doing daily transactions, cycle counting, investigating inventory discrepancies, coordinating physical inventories, and meeting annual objectives / metrics.Actively involved in production scheduling, releasing Purchase Orders per customer and production demands, and working closely with department managers to monitor finished goods.Provide Excellent customer service to internal customers from departments including but not limited to Customer Service, Sales & Service, Production and Engineering.Ensure all orders confirmed by suppliers and agreed upon delivery dates are accurate in ERP system and ensure on-time delivery goals are met.Maintain valid due dates in the purchasing database, files and planning reports. Expediting as requiredEnsure that non-confirming product is processed and that dispositions are completed in a timely manner.Lead vendor negotiations and contract set-up, pricing, terms, and delivery with suppliersResolve billing issues and supplier problems that may ariseReport problems that affect the production schedule to appropriate manager(s)Maintain effective inventory levels to achieve month on hand (MOH), on-time delivery (OTD), and customer satisfaction. Adjust accordingly.Maintain up to date SDS for all products on our T-Drive and master SDS book for associate’s reference. Make sure website is updated with new/revised SDS. Send copy of new and updated SDS to Infotrac for emergency phone contact.Maintains focus on continuous improvement by applying 80/20, PLS, and USa principles/techniques and makes process improvement recommendations to managementAll other duties as assignedEducation:
4-year bachelor’s degree – Materials Management, Logistics, Production Planning, Purchasing or equivalent.License(s)/Certifications(s):
APICS CPIM or ISMCPSM certifications are a plusExperience/Skills:5 years’ experience in inventory control and purchasing, including specific experience in negotiating custom manufactured components, sourcing/buying commodity items preferred.Preferable in a manufacturing organization across a multi-location or a global businessExcellent verbal and written communication skillsAbility to travel (#J-18808-Ljbffr