Sourcing Intern

IDEAL Industries, Inc.•Sycamore, IL

10d•$15 - $20

About The Position

IDEAL Industries, Inc. has built a reputation for over a century by crafting iconic tools and practical technology required in aerospace, data communications, electrical, wire processing and construction. The global family of IDEAL brands includes IDEAL Electrical, Anderson Power, and Enatel. A vibrant and dynamic company, IDEAL is best known for our wire connectors, the gold standard for making electrical connections around the world. Nearly every commercial jet is assembled using IDEAL wire strippers and, as part of the critical equipment on NASA missions, our tools even help NASA astronauts fly to the moon. Most important, our products benefit skilled tradespeople, who reach for IDEAL tools every day. IDEAL is propelled by the concept of Building an IDEAL World. Our family-run business is committed to building ideal relationships with customers, employees, and communities by crafting some of our industry’s most innovative and trusted tools. The Sourcing Intern will support the Strategic Sourcing team by collecting and analysing supplier data, participating in team meetings, soliciting information from suppliers, and assisting with sourcing projects. The intern will gain exposure to procurement processes and cross-functional collaboration.

Requirements

Pursuing degree in Supply Chain Management, Business, or a related field
Basic supply chain understanding
Proficient in Microsoft Office Suite
Excel skills for data collection, spreadsheet organization and data analysis
Strong communication skills
Ability to work successfully as part of a team as well as independently
Ability to manage time independently, meet deadlines and prioritize tasks

Responsibilities

Collaborate with cross-functional teams to collect, analyse, and read data to provide insights
Participate in team meetings and trainings.
Analyze the impact of price changes using Excel to enhance business decision-making.
Monitor commodity markets to track and report on trends.
Request, evaluate, and compare vendor quotes for new product sourcing decisions.
Update purchase orders, item pricing, and vendor data in ERP(D365) to ensure accurate records.
Develop standard work for tasks performed in D365
Support efficient email retention and record-keeping processes in line with ISO requirements
Create data-driven insights with Microsoft Power BI and Excel to assess supplier spend, evaluate risk exposure, and recommend mitigation strategies.
Participate in team meetings and trainings.
Assist sourcing team with supplier research and sourcing initiatives.
Support documentation and reporting for sourcing projects.
Contribute to process improvement activities.
Track progress monthly on key performance indicators