Strategic Sourcing Principal - Electrical Components

Lennox International•Richardson, TX

About The Position

Lennox is seeking a highly motivated and experienced Sourcing Manager for Electrical Components to join their dynamic Controls Strategic Sourcing team. This role is pivotal in the HVACR industry and involves developing and executing sourcing strategies for high-quality electrical components at competitive prices. The ideal candidate will possess a strong understanding of the electrical components market, excellent negotiation and organizational skills, and the ability to build and maintain relationships with contract manufacturers, electronic manufacturers and distributors, and internal engineering teams.

Requirements

Bachelor’s degree in Supply Chain Management, Business Administration, Industrial Engineering, Electrical Engineering, or a related field.
Minimum of 8-10 years of experience in sourcing or procurement with electrical components.
Strong understanding of the electronic distributor market and supply chain.
Strong understanding of electrical components, materials, and manufacturing processes.
Excellent negotiations, presentation, analytical, planning, written, and verbal skills.
Proficient in data analysis and market research.
Strong organizational skills with the ability to manage multiple projects simultaneously.
Experience with PLM software
Proficiency in procurement software and Microsoft Office Suite.
Ability to lead a cross functional commodity team and work across the organization at all levels.

Responsibilities

Develop and implement sourcing strategies for electrical components in the Controls Team to support production and operational needs at various EMS partners.
Identify, evaluate, and select suppliers based on quality, cost, delivery, technology, and service.
Negotiate contracts and terms with suppliers to achieve the best pricing and favorable terms.
Monitor supplier performance and conduct regular assessments to ensure compliance with quality standards, delivery schedules, sourcing processes, and strategic sourcing initiatives.
Collaborate with engineering and production teams to align sourcing strategies with demand and technology roadmaps.
Engage in new supplier evaluations and manage existing supplier relationships to foster collaboration and drive continuous improvement and cost-reduction initiatives.
Develop a preferred supplier list and interface with Engineering to implement the PSL in new and existing product designs.
Analyze market trends and stay up to date on industry developments to identify new sourcing opportunities.
Prepare and present reports on sourcing activities, market analysis, and performance metrics to senior management.
Ensure compliance with company policies and procedures, as well as legal and regulatory requirements.