Strategic Sourcing / Procurement Manager

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Salary: $95,000 - $104,000 per year

We are currently seeking a Strategic Sourcing Manager to join our team. We specialize in manufacturing adhesive bonded fastening to bear on the technical challenges of the marine, energy, and other industrial sectors.

This position is responsible for leading the sourcing function to achieve service, inventory, and cost objectives.

• Amazing Company Culture
• 100% covered Tuition / Continued Education Reimbursement (Book cost included!!)
• Benefits Medical, Dental, Vision, STD, life insurance and 401k Match
• Family Owned Business
• Promote Work life Balance
• Wellness reimbursement up to $60
• Employee referral program
• Relocation assistance

The Strategic Sourcing Manager will lead supplier selection, long-term contract development, supplier management and strategy development for assigned commodities. This role has the responsibility of leading a team of sourcing professionals in designing and executing procurement strategies that result in the reduction of sourcing costs.

ESSENTIAL RESPONSIBILITIES:

• Develop commodity sourcing strategy including contract negotiation, cost targets, supply chain risk evaluation and mitigation.
• Negotiate favorable supplier contracts, terms, and conditions, achieving cost savings while ensuring consistent product quality and on-time deliveries.
• Develop a commodity strategy that aligns technology and business requirements with supplier capabilities.
• Work with procurement to align short-term orders to the strategic plan.
• Work collaboratively and cross-functionally (Manufacturing, Quality, Finance, Engineering, Procurement) to assess current and future sourcing requirements.
• Utilize lean principles to optimize inventory management, leading to drive reduction in excess stock and carrying costs.
• Establish and nurture strategic supplier partnerships to ensure a resilient supply chain and minimize potential disruptions.
• Adept at fostering strong relationships with suppliers, cross-functional teams, and executives.
• Implement programs for supplier evaluation, selection, qualification and supply base optimization.
• Lead business critical decisions such as capital investments, strategic exits, and supply base consolidation.
• Track and report commodity market trends/conditions.
• Monitor current commodity market conditions to identify challenges and develop business continuity plans needed to avoid interruption of supply.
• Collaborate with engineering and manufacturing product owners to align technology roadmaps to supplier capabilities and product/technology strategies.
• Participate with other team members (Engineering, Manufacturing, and Quality) for any source. audit/qualifications needed for new source approval.
• Manage overall strategic supplier relationships including supplier performance, capability development, cost, and quality improvements. Act as an escalation point for any critical gaps in supply or other critical issues.

EDUCATION and/or EXPERIENCE:

• Bachelor’s Degree or equivalent experience that allows to perform all the duties of the position. Preferred master’s degree in business or related field.
• 5 years of management experience leading supply chain teams.
• 10 years purchasing experience in a manufacturing environment.
• Contract development, negotiation, and management.
• Proven expertise in supplier evaluation, negotiation, and procurement strategy development
• Computer experience with Microsoft Office includes Excel, Word, Outlook, and the ability to write reports.
• LICENSES AND CERTIFICATIONS: CPM, APICS, CPSM or equivalent certification preferred.
• Travel is required, estimated at 10-30%

PREFERRED EXPERIENCE:

• Aerospace, machined parts procurement.
• Knowledge of composite, plastic, raw metal, metal components, and adhesive manufacturing processes and technologies.
• ISO-9001, AS9100, ISO 14001 compliance.
• Defense industry experience.

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