Strategic Sourcing Manager

ITW • Glenview, IL

4d

About The Position

ABOUT ITW MEDICAL 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. www.itw.com . ITW Medical, a division of ITW, is comprised of two highly respected brands- Coeur and Filtertek, supplying critical filtration and flow control solutions to global OEM’s, serving Surgical, Infusion, Bioprocessing and Diagnostic Imaging end markets. Position Summary: The Strategic Sourcing Manager reports to the Division Controller and is responsible for advancing supply chain excellence, eliminating constraints for the division and its customers, and supporting enterprise-wide sourcing and supply chain strategies. The Strategic Sourcing Manager generates positive business results through a fit for purpose supply chain and its key elements: plan, procure, make and deliver. Considers and adapts to ever-changing market and business conditions to ensure a high level of service to end customers.

Requirements

• Bachelor's degree.
• Minimum 5 years of broad sourcing leadership experience, preferably in a manufacturing organization, across a multi-location or global business.
• Managed at least $30M+ in annualized spend in direct materials
• Strong track record of financial data analysis, budget planning, inventory management, driving procurement strategies and reducing overall material costs.
• Excellent verbal, written, interpersonal, communication and presentation skills with experience in communicating and working with a remote staff.
• Proven results in managing and developing talent.
• Willing to travel, primarily domestic, occasionally international.

Nice To Haves

• Master’s Degree, NAPM (APP, CPM) or APICS (CPIM, CIRM) certification preferred.

Responsibilities

• Supply Chain Risk Identification & Mitigation Identify major supply chain risks across direct and indirect raw material categories (e.g. resins and components) and suppliers (manufacturers, distributors and 3rd party services). Conduct and maintain risk assessments and implement mitigation plans; establish review cadences with key stakeholders.
• Supplier & Contract Management Conduct supplier assessments, capability reviews, and performance evaluations. Review, negotiate, and manage commercial contracts and long-term agreements to ensure favorable terms.
• Supply Chain Audits & Segmentation Perform supply chain audits, assess cost, complexity, and feasibility of supplier or material changes. Establish differentiation between our approach to “80” and “20” vendors and products, to also capture and define our approach toward future business. Partner with commercial team to ensure strategy is in place for evaluation of future and growth opportunities, relative to our prioritized opportunity list.
• Vendor Performance & Lead Time Management Track and manage supplier lead times and performance KPIs (quality, cost, delivery, service). Develop corrective actions and improvement plans with vendors.
• Cost Management & Leverage Track material spend for “80” materials, including annual price impacts, cost drivers, indices, and mitigation strategies. Leverage economies of scale across divisions to reduce total cost of ownership.
• Cross-Site Process Alignment Align and evaluate purchasing and ordering processes across Hebron, Washington, NCW, and other sites relative to MRD requirements. Standardize sourcing workflows, tools, and best practices across locations.
• Stakeholder Engagement Partner closely with plant managers, operations leaders, and purchasing teams to ensure sourcing strategy supports operational needs. Engage with R&D and Engineering to understand technology roadmaps and identify innovative sourcing opportunities.
• Strategic Planning & Execution Lead LRP/AP (Long-Range Planning/Annual Plan) activities for the sourcing function, including prioritization, project selection, and strategy execution. Identify and commit to high-value sourcing projects rather than narrowly targeting AP numbers.
• End-to-End Supply Chain Optimization Map end-to-end supply chains to identify critical relationships, bottlenecks, and improvement opportunities. Drive simplification and elimination of low-value activities to improve efficiency and responsiveness.
• Long-Lead Time & Strategic Material Management Drive simplification and elimination of low-value activities to improve efficiency and responsiveness.
• Continuous Improvement & Opportunity Discovery Apply critical thinking and curiosity to uncover new sourcing opportunities beyond surface-level issues. Explore creative solutions with existing suppliers and evaluate potential new suppliers for capability and innovation. Collaborates and communicates within the ITW structure – division, platform or segment(s) to deliver on defined goals/measurables and other strategic initiatives. Leverages strong project and change management skills to drive continuous improvement to meet and/or exceed business expectations. Maintains a flexible disposition to shift between strategic planning and executing short term needs.
• Project Management – self manages the planning and execution of key sourcing projects ranging from creating a long-range cost savings pipeline, tracking existing project savings, executing RFQs and qualifying new suppliers.
• Commodity market knowledge – synthesizes market intelligence, spend data, and other business data to develop objective points of view around commodities and 3rd party services. Subsequently, develops or engages ITW resources to create compelling and actionable sourcing strategies.
• Data mining and analysis – competent in organizing, cleaning and analyzing data; extracts meaningful insights to drive action.
• Business Acumen – Considers the trade-offs between producing finished goods and the cost of inputs – raw materials and/or services. Leverages data to guide business decisions with finance and business stakeholders.

Benefits

• employees can qualify for vacation, sick, and holiday compensation benefits.
• Vacation - up to 120 hours within first year
• Sick - up to 40 hours of time within first year
• Floating Holiday - up to 8 hours of time within first year
• Holiday - 10 paid holidays per year, these holidays are selected by the Division

What This Job Offers

• Job Type: Full-time
• Career Level: Manager