Strategic Sourcing Principal - Electrical Components

About the role

The Sourcing Manager for Electrical Components plays a crucial role in the Controls Strategic Sourcing team, driving success through strategic procurement of high-quality electrical components.

Responsibilities

• Develop and execute sourcing strategies to procure electrical components at competitive prices.
• 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 updated 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.

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.

Qualifications

• Passionate about sustainability and innovation in the HVACR industry.
• Willingness to travel as needed to support supplier visits and meetings.
• Ability to work independently and as part of a team.
• Strong communication and interpersonal skills.

Skills

• Strategic thinking and problem-solving skills.
• Strong negotiation and relationship-building abilities.
• Data analysis and market research proficiency.
• Project management and organizational skills.
• PLM software and procurement software expertise.
• Ability to work effectively in a fast-paced, dynamic environment.

Benefits

• Tuition reimbursement
• Medical, dental, and vision insurance
• Prescription drug coverage
• 401(k) retirement plan
• Short-term disability insurance
• 8 weeks paid birthing leave
• 2 weeks paid bonding leave
• Life and long-term disability insurance
• Up to 12 days paid time off
• 2 paid well-being days
• 1 paid volunteer day
• 12 paid holidays
• 3 floating holidays per year

Pay

This is a salaried exempt role. The starting salary range for this role and market is between $116,000 - $152,250 annually. Factors that may affect starting salary include geography/market and the skills, education, experience, and other qualifications of the successful candidate.

Schedule

Employees in this role are not eligible for overtime. The role is full-time and operates during the work week and normal working hours.