I

Illinois Tool Works

Global diversified manufacturer of industrial equipment

Strategic Sourcing Manager

Procurement & SourcingUpdated on Nov 12
Full-timeHatfield, PA, USANo salary listed

About the Job

Requirements

  • A Bachelor's degree in supply chain management, Business Administration, Engineering, Finance, or a related field is preferred.
  • At least 4 years of experience in strategic sourcing, procurement, supply chain, or supplier management within a manufacturing environment.
  • A proven track record of leading sourcing initiatives and achieving measurable cost savings.
  • Experience negotiating supplier contracts and managing strategic supplier relationships.
  • Strong analytical, financial, and problem-solving skills.
  • Ability to conduct spending analysis and evaluate total cost of ownership.
  • Proficiency in enterprise resource planning systems, purchasing software, and Microsoft Office applications.
  • Ability to manage multiple priorities and drive results in a fast-paced environment.
  • Ability to sit at a desk and work on a computer for extended periods, up to 8 hours per day.
  • Ability to occasionally stand, walk, and bend.
  • Ability to view detailed reports, data, and computer screens.
  • Ability to travel domestically and internationally as business needs require, including supplier visits and industry events.

Responsibilities

  • Develop and implement sourcing strategies aligned with company objectives and Annual Operating Plan targets.
  • Lead, track, report, and validate sourcing savings and productivity results in collaboration with Finance, ensuring alignment with Annual Operating Plan commitments.
  • Develop and maintain a forward-looking strategic sourcing pipeline, including identified opportunities, expected savings, timing, ownership, implementation status, and realized financial impact.
  • Conduct spend analysis and identify opportunities for supplier consolidation, value engineering, and cost reduction.
  • Evaluate total cost of ownership when making sourcing decisions.
  • Perform an annual Market Rate of Demand classification of parts by product line and annual spends.
  • Support Customer Back Innovation initiatives through sourcing and supplier optimization projects.
  • Establish and maintain a regular sourcing review cadence to communicate project status, savings pipeline, supplier risks, key actions, and progress against sourcing objectives.
  • Identify, evaluate, qualify, and develop strategic suppliers.
  • Develop alternate and second-source suppliers for critical materials and components, including requests for quotation, evaluation, negotiations, qualification, validation, and implementation activities.
  • Establish and maintain supplier partnerships focused on performance, innovation, quality, delivery, and cost key performance indicators.
  • Monitor supplier performance and drive corrective actions and continuous improvement initiatives as needed.
  • Develop and implement supplier risk mitigation and business continuity plans.
  • Monitor market trends, commodity pricing, industry developments, and supply chain risks that may impact the business.
  • Develop contingency sourcing strategies to ensure supply continuity and minimize operational disruptions.
  • Partner with Operations, Engineering, Quality, Finance, and Customer Service teams to align sourcing strategies with business requirements.
  • Collaborate with ITW segment sourcing teams to leverage enterprise-wide sourcing opportunities and best practices.
  • Support new product development and product transfer initiatives through supplier selection and sourcing expertise.
  • Provide recommendations for make-versus-buy decisions and other strategic business initiatives.
  • Lead or participate in cross-functional global projects that improve supply chain performance and operational efficiency.
  • Demonstrate leadership through collaboration, accountability, and continuous improvement.
  • Promote a positive work environment consistent with ITW Values.
  • Ensure compliance with company policies, ethical sourcing practices, and applicable regulatory requirements.

Desired Qualifications

  • Experience working in a lean manufacturing and continuous improvement environment.

About the Company

Illinois Tool Works

Global diversified manufacturer of industrial equipment

ITW is a global manufacturer with a diversified portfolio of industrial products across seven segments, including automotive components, food equipment, welding systems, and construction tools. Its products are engineered and produced for OEMs and industrial customers, combining specialized components to meet the needs of large buyers. The company stands out through its multi-segment reach, large global footprint, and a business model that prioritizes the top 20% of customers to drive profitability and operational excellence. ITW aims for steady profitability and efficient operations by delivering reliable, value-added solutions across multiple industries.

Company size
5,001-10,000
Company stage
IPO
Headquarters
Glenview, IL
Founded
1912

Recently Posted Jobs

Explore more opportunities at Illinois Tool Works

See more jobs