Strategic Sourcing Specialist

CNH Industrial • Oak Brook, IL

232d • $115,295 - $123,750 • Remote

About The Position

The Strategic Sourcing Specialist at CNH Industrial America LLC in Oak Brook, IL will support the purchase of high complexity production parts for 10 North American manufacturing plants for the North American Metallic commodity group, specifically Aluminum & Steel Castings, Counterweight, Sintered Material for the fabrication and welding of our Next Gen Combine, Next Gen Sprayer, and Tractor products. The duties include setting strategic direction for the assigned Metallic commodity, participating in negotiations, helping achieve the budget through managed cost reduction initiatives, sourcing and closing campaigns, and meeting supplier rationalization targets, forecasting and reporting economic savings performance, negotiating price reductions or increases, driving long term agreements, conducting market test, awarding new business to maximize leverage, and analyzing various reports to identify cost reduction opportunities, and supporting special projects as necessary to assist in delivering commodity goals, working closely with the global commodity team (EMEA, LATAM, APAC). Supporting functions for new product launch initiatives while developing and implementing cost reduction and sourcing strategies through leveraging parts for new platforms to meet program timing, cost, quality, delivery, and strategic objectives. Developing and implementing supply base management strategies both regionally and globally that lead to lowest total cost in terms of quality, lead time, delivery, service and unit cost. Driving the selection of suppliers and negotiating and maintaining supplier performance to expectations. Negotiating, implementing and managing LTA's (long term agreements) while achieving commercial savings and raw material recovery in order to meet or exceed material cost and total cost reduction objectives and support organization. Facilitating supplier/engineering VA/VE (Value Analysis and Value Engineering) activities in order to drive product cost savings and process improvement initiatives to achieve budget performance. Providing leadership in and develop an understanding of and insight into the market for the commodities assigned, including industry trends, cost drivers, global pricing, lead-times, technology and manufacturing capability of company suppliers and suppliers in the market that best meet expectations and objectives. Tracking, monitoring, and executing hedges at optimal raw material market conditions to minimize risk. Telecommuting permitted up to three days per week.

Requirements

• Bachelor's degree in supply chain, business administration, logistics or a directly related field.
• 2 years of experience as a Sourcing Specialist, Purchasing Specialist, or related occupation.
• Experience negotiating with suppliers and purchasing parts for an original equipment manufacturer.
• Experience analyzing reports to identify cost reduction opportunities.
• Experience conducting market tests and forecasting economic savings performance.
• Experience coordinating with global teams and supplier capacity management.
• Experience negotiating price reductions and increases.
• Experience negotiating, implementing and managing LTAs (long term agreements).
• Experience facilitating supplier and engineering VA/VE activities.
• Experience tracking, monitoring, and executing supply chain projects.

Responsibilities

• Support the purchase of high complexity production parts for 10 North American manufacturing plants.
• Set strategic direction for the assigned Metallic commodity.
• Participate in negotiations and help achieve budget through managed cost reduction initiatives.
• Source and close campaigns, meeting supplier rationalization targets.
• Forecast and report economic savings performance.
• Negotiate price reductions or increases and drive long term agreements.
• Conduct market tests and award new business to maximize leverage.
• Analyze various reports to identify cost reduction opportunities.
• Support special projects to assist in delivering commodity goals.
• Develop and implement cost reduction and sourcing strategies for new product launches.
• Drive the selection of suppliers and negotiate supplier performance expectations.
• Negotiate, implement, and manage long term agreements (LTAs).
• Facilitate supplier/engineering VA/VE activities for cost savings and process improvements.
• Provide leadership and insight into market trends, cost drivers, and supplier capabilities.
• Track, monitor, and execute hedges at optimal raw material market conditions.

Benefits

• Medical, dental, vision, disability, and life insurance.
• 401k plan.
• Paid parental leave.
• Flexible work policies.
• Opportunities for self-development.
• Paid leave for specific activities.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Merchant Wholesalers, Durable Goods
• Education Level: Bachelor's degree