Strategic Sourcing Manager
Strategic Sourcing Manager
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Job Description
If youre looking for a special place to build or grow your career youve found it. Whether youre an experienced professional a recent college graduate or somewhere in between IDEX is a place where you can apply your existing skills and learn new ones in an environment where you can make an impact.
With interesting opportunities in engineering marketing sales supply chain operations HR finance and more across more than 40 diverse businesses around the globe chances are we have something special for you.
SUMMARY OF PRIMARY FUNCTION
The Strategic Sourcing Manager will be responsible for developing and executing sourcing strategies that optimize costs improve quality and drive supplier performance to support business objectives. This role requires a proactive analytical thinker with a strong understanding of the supply chain market trends and supplier management best practices. The Strategic Sourcing Manager will collaborate with cross-functional teams including Operations Finance and Product Development to drive sourcing initiatives aligned with the companys goals.
SPECIFIC RESPONSIBILITIES
- Sourcing Strategy Development:
- Design and implement comprehensive sourcing strategies for key categories identifying cost-saving opportunities quality improvements and risk management tactics.
- Conduct market research and spend analysis to benchmark and understand sourcing opportunities within the industry.
- Funnel management and execution of cost savings targets.
- Supplier Management & Negotiation:
- Develop and manage relationships with key suppliers ensuring high performance in quality cost and delivery (KPIs).
- Negotiate contracts terms and pricing agreements to secure favorable conditions that align with company goals.
- Evaluate and select new suppliers based on the companys standards for quality reliability and cost-effectiveness.
- Cross-Functional Collaboration:
- Partner with teams in Operations Product Development and Finance to align sourcing activities with business needs and growth initiatives.
- Support new product launches by coordinating with suppliers to meet project timelines quality standards and budget requirements.
- Support Aftermarket / Service parts by coordinating with suppliers to meet Service requirements.
- Continuous Improvement & Risk Management:
- Identify and implement continuous improvement opportunities in sourcing processes supplier performance and cost structures.
- Proactively manage supplier risk by evaluating potential disruptions and developing contingency plans to maintain business continuity.
- Data Analysis & Reporting:
- Monitor sourcing performance metrics and KPIs analyzing data to report on cost savings supplier performance and project progress.
- Provide regular updates to leadership on sourcing strategy effectiveness market conditions and recommendations for sourcing enhancements.
- Work with the purchasing team on cost source information lead-time and other appropriate information to the production environment.
- Management may assign or reassign duties and responsibilities.
REQUIRED FOR THIS POSITION
- Education: Bachelors degree in Supply Chain Management Business Engineering or a related field
- 5 years of strategic sourcing supply chain management or procurement experience with a proven track record in supplier negotiation and cost management.
- Strong analytical skills with the ability to interpret data and drive decision-making.
- Excellent negotiation and contract management abilities.
- Effective communication and interpersonal skills with the capacity to build relationships and collaborate across functions.
- Proficiency in sourcing software ERP systems and Microsoft Office Suite.
- Ability to work in a fast-paced and ever-changing work environment with multiple deadlines.
- Proactive creative and a hands-on change agent have team building and rapid execution abilities be self-motivated with the ability to think on your feet with a can do approach to work.
- Self-Starter who can creatively drive continuous improvement on their own initiative with as needed guidance.
PREFERRRED FOR THIS POSITION
- Masters degree
- Experience and expertise in one or more relevant categories such as flat steel rod/spring wire aluminum glass stamped and roll-formed components and/or corrugate is preferred.
- Accreditation from ASCM ISM or other professional supply organization.
- Advanced analytical skillset using Excel or others like Python SQL.
- Proficiency of using and building data visualization tools like PowerBi or similar.
- Project Management Certification.
Are you ready to join a different kind of company where our people our culture and our commitments are centered around providing trusted solutions that improve lives around the world
Total Rewards
The compensation range for this position is $97400.00 - $146000.00 depending on experience. This position may be eligible for performance based bonus plan.Benefits Package
Our comprehensive U.S. benefit offerings include: Health benefits 401(k) retirement savings program with company match PTO and more. More information on our benefits and rewards can be found on our career page: is an Equal Opportunity Employer. IDEX gives consideration for employment to qualified applicants without regard to race color religion creed genetic information sex sexual orientation gender identity or expression marital status age national origin disability protected veteran status or any other consideration or protected category made unlawful by federal state or local laws.
Attention Applicants: If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process please let us if you are limited in the ability to access or use this online application process and need an alternative method for applying we will determine an alternate way for you to apply. Please contact our Talent Acquisition Team at for assistance with an accommodation. These contact tools may be used only by individuals with a disability for accommodation requests. Do not inquire as to the status of an application.
Required Experience:
Manager
Employment Type
Full-Time
