Sourcing Manager

About the role

Our best-in-class Sourcing team is dedicated to ensuring that we provide our customers with highly-engineered machinery that exceeds their expectations. As a member of the Sourcing team, you will source parts from both domestic and international suppliers so we meet our commitment to producing industry leading Maintenance of Way equipment.

Responsibilities

• Understand technical requirements, search for potential suppliers and assess their capabilities.
• Qualify new suppliers or assess problem suppliers.
• Prepare requests for quotes, analyze bids and make sourcing decisions.
• Procure prototype parts for new product programs and engineering changes on existing programs.
• Partner with corporate sourcing teams to leverage preferred sources.
• Collaborate with cross-functional teams including: engineering, materials, finance, quality & operations.
• Develop and manage strong supplier relationships and be the key point of contact.
• Manage supplier corrective actions and improvement plans for permanent solutions to problems.
• Establish goals with key suppliers, manage performance reviews and make recommendations to address issues and exploit opportunities.
• Ability to drive lean/continuous improvement activities with suppliers.
• Lead activities to reduce supplier lead-times for management of working capital and improving responsiveness to our customers.
• Develop and manage supplier contracts in a manner that insures all requirements and special terms and conditions are met.
• Perform analysis of supplier spend data and achieve deflation budget.
• Lead commodity cost reduction projects.
• Work with suppliers and our engineering group to implement supplier cost saving ideas.
• Manage supplier contract pricing in our cost system.
• Negotiate price increases.
• Track spend vs forecast to manage a budget.
• Stay current with the industry on new ideas/opportunities within the commodities assigned.
• Challenge the status quo and look for internal opportunities to improve processes.
• Engage in supplier escalation to resolve issues with delivery and quality impacting the business.
• Ensure that standards of ethics and trust are followed and enforced.

Requirements

• Bachelor’s Degree in a related field or five (5) years of manufacturing experience
• Minimum of three (3) years experience in a Sourcing or related role or a minimum of eight years of purchasing experience
• Proficient in Microsoft Office Products
• ERP System (Syspro)
• Financial analysis skills
• Verbal & Written communication skills
• Strong negotiation skills
• Ability to develop strong supplier relationships
• Results driven
• Strategic focus
• High level of integrity

Qualifications

• Must be able to influence and win support from senior management at our suppliers as well as management at our company.

Skills

• Understanding of technical requirements and supplier capabilities.
• Experience in sourcing and supplier management.
• Proficiency in Microsoft Office products and ERP systems.
• Financial analysis and budget management skills.
• Excellent verbal and written communication skills.
• Strong negotiation and relationship-building abilities.
• Ability to drive continuous improvement and cost reduction initiatives.
• Strategic thinking and results-driven mindset.
• High ethical standards and integrity.

Benefits

• Base salary range: $79,100 - $112,800
• Additional benefits include health, welfare, and retirement packages.
• Annual bonus may be eligible based on performance.

Pay

The actual salary offered to a candidate may be influenced by a variety of factors, such as: training, transferable skills, work experience, education, business needs, market demands and work location.

Schedule

Full-time position.