Strategic Sourcing Specialist
Date: Feb 25, 2023
Location: Mt. Juliet, TN, US
Company: Dover Corporation
Company Overview:
DESTACO, a Dover Company, is a global leader in the design and manufacture of high-performance automation, workholding, and remote handling solutions. The company serves customers in variety of end-markets, including the automotive, life sciences, consumer goods, packaging, aerospace, and nuclear sectors.
Built on a legacy of over 100 years, DESTACO offers a comprehensive portfolio of products to engineer precise movement, placement and control solutions that drive productivity and uptime for manufacturers around the world. The DESTACO family of products consists of industry-leading brands such as DESTACO Manual and Power Clamps, Camco and Ferguson Indexers, Robohand Grippers and CRL Manipulators and Transfer Ports.
DESTACO is headquartered in Auburn Hills, Michigan, and operates globally through ~800 employees across 14 locations.
Dover is a diversified global manufacturer and solutions provider with annual revenue of approximately $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions and Refrigeration & Food Equipment. Dover combines global scale, operational agility, world-class engineering capability and customer intimacy to lead the markets we serve. Recognized for our entrepreneurial approach for over 60 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV."
Position Summary:
The Strategic Sourcing Specialists plays a key role in implementing the Global Strategic Sourcing Strategy for the Commodities under his/her responsibility. Along with that Strategy, responsibilities include: Sending out “Requests for Quotes”; Analyzing Data; Negotiating Price, Payment Terms, Freight Terms, Stocking Programs, and Formal Contracts all in accordance with Companies’ Goals and Objectives.
The Strategic Sourcing Specialist reports to the Director, Global Strategic Sourcing, and will be located in the in our Mt. Juliet, TN manufacturing facility. You will work directly with the cross functional departments at your location including, Manufacturing, Engineering, Quality, Materials, Finance, and Safety.
Required travel of up to 30% of the time both domestically and internationally.
Key Job Responsibilities include but not limited to:
- Responsible for all Sourcing Activities for your location
- Manage Supplier Relationship and Communication
- Engage with Internal Customers to understand their needs and requirements as it relates to your Suppliers.
- Be responsive to escalation requirements from your internal customers as it relates to Supplier communication or urgency.
- Work with Engineering and Product Development on new Product Launches.
- Manager all RFQ’s with Suppliers for timely completion.
- Analyze all data in Excel Format and present results to internal customers.
- Negotiate Price, Freight, Terms, Payment Terms, Stocking Programs, and Contracts for all new RFQ’s in accordance with Company’s Goals and Objectives.
- Qualify and Approve all new Suppliers with Quality and Engineering.
- Order Samples and PPAP requirements as needed.
- Once Contract is finalized, communicate next steps to Material Planners for Production requirements.
- Monitor Supplier Performance for On Time Delivery, Quality, Lead-time, and Cost Savings.
- Send out Scorecards to top 10 Suppliers Monthly.
- Plan, develop, and implement Cost Reduction plans for all commodities.
- Lead Working Capital and Supply Chain efficiencies with all your Suppliers.
- Supports inventory management optimization initiatives.
- Prepares cost analyses based on the total cost of ownership.
- Makes recommendations to optimize the supply chain and/or operations based on data.
- Develops / participate in make-buy studies.
- Support Production Meetings and the Planners as needed, and help develop strategies for improvement.
Job Requirements/ Experience:
- Minimum of five (5) years’ experience in Strategic Sourcing and Procurement
- 5 years’ Experience working in a manufacturing environment
- Experience Negotiating with Suppliers to establish a win-win environment.
- Extensive experience collecting and analyzing data with strong Excel skills
- Experience in driving and implementing Cost Savings for favorable PPV.
- Working knowledge of product standard costing
- Extensive experience in working with cross functional teams
- Experience working in a lean manufacturing environment desirable
- Working knowledge of Just-In-Time practices (JIT), Kanban, Min Max, and other inventory planning methods desirable
- Experience in a low volume – high mix environment desirable
- Experience working with global and cross-cultural teams desirable
- International business experience is a plus
- Indirect spend experience a plus
- Knowledge of procurement trends, strategic sourcing processes and best practices, e.g. reverse auctions, e-sourcing tools is a plus.
Knowledge, Skills and Abilities:
- Strong business acumen, and a passion for problem solving
- Effective communicator, both verbal and written, and not afraid of conflict.
- Willing to dive into the details to understand issues and get to root cause.
- Ability to understand cost breakdowns, develop cost estimates, and present recommendations based upon total cost analysis
- Strong Microsoft Excel skills (including, but not limited to pivot tables, v-look ups, charts, and graphs)
- Ability to multi-task and manage multiple projects at the same time
- Ability to work in team environment as a Team Player seeking what’s best for the business.
- ERP knowledge and experience – Oracle and Bravo preferred
Leadership Competencies aligned with Dover and executed in DESTACO with appropriate expectations for the job level:
- Global Strategic Mindset: Has strategic vision, possesses long term focus, creates breakthrough strategies to alter competitive dynamics in the market and establishes a series of competitive advantages yielding profitability that exceeds expectations of the organization.
- Strong Business Acumen and Sound Judgment: Uses instinct and data to accurately assess business situations and industry trends; makes timely decisions.
- Builds and Manages Relationships: Establishes and nurtures relationships with colleagues.
- Self-Awareness and Personal Development: Role models a personal leadership style that includes self-awareness; accepts feedback, understands and maximizes strengths while working to overcome weaknesses
Education and Certification Qualifications:
- Bachelor degree in Supply Chain Management, Business, Science, or Engineering.
- Master’s degree desirable
- C.P.M. or APICS certification desirable
Travel Requirements:
- Ability to travel up to 30% of the time, with most travel expected in the early phases of projects.
All qualified applicants will receive consideration for employment without discrimination on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, age, genetic information, or any other factors prohibited by law.
Nearest Major Market: Nashville
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Strategic Sourcing, Facilities, Nuclear Engineering, Supply Chain, Supply Chain Manager, Operations, Engineering