Internship

Global Supply Managemnt – And Sourced Product Commodity Management

Gsm, New Product Development, Npd

Updated on 11/26/2024

Allegion

Allegion

5,001-10,000 employees

Global provider of security solutions

Social Impact
Cybersecurity

Compensation Overview

$21 - $22Hourly

Carmel, IN, USA

Category
Procurement & Sourcing
Supply Chain Management
Operations & Logistics
Required Skills
Data Analysis
Requirements
  • Pursuing a bachelor’s degree in business or mechanical engineering or related field
  • Completed sophomore year or above by the start of the internship
  • Demonstrated leadership ability and initiative e.g. school club officer, sports team captain, resident advisor, leadership on school or work projects, etc.
  • Passion for creating relationships
  • Competitive spirit and desire to be a part of a winning team
  • High internal motivation, creativity, and forward-thinking ability
  • Excellent communication skills; in particular must be comfortable creating and delivering recommendations and information to a group
  • Strong organizational skills and technologically savvy
  • Ability to stay organized and detail oriented
  • Minimum 3.0 on a 4.0 GPA scale
Responsibilities
  • Build and analyze a quote warehouse to track the pricing of components & materials over time
  • Validate supplier pricing and uncover ways to reduce cost through alternate supply channels
  • Collaborate with Data Analytics team to design supplier strategy dashboard
  • Partner with Engineering team to create a design risk analysis template for purchasing new material
  • Procurement lead on a project to launch new product or design improvement into market.
  • Capture updates and optimize global supplier database
  • Support Commodity Management function by leading various day to day sourcing efforts, analyze supplier spend, and assess potential risk to product revenue
  • Conduct searches for high-risk and high-opportunity product categories
  • Align data within procurement systems to ensure accuracy and relevance, focusing on high-spend components.

Allegion provides security solutions that focus on securing doors and surrounding areas for various clients, including homeowners, businesses, and educational institutions. Their product range includes mechanical locks, electronic access control systems, and biometric scanning devices, which work together to enhance safety and access management. Unlike many competitors, Allegion emphasizes the integration of new technologies into their products, ensuring a modern approach to security. The company's goal is to positively impact communities through their commitment to environmental, social, and governance principles while continuously innovating in the security market.

Company Stage

IPO

Total Funding

$1B

Headquarters

Dublin, Ireland

Founded

1908

Growth & Insights
Headcount

6 month growth

-4%

1 year growth

-4%

2 year growth

-4%
Simplify Jobs

Simplify's Take

What believers are saying

  • Allegion's continuous expansion through acquisitions provides employees with opportunities to work on diverse and innovative projects.
  • Recognition in industry awards, such as the Best New Product at the 2022 SIA NPS Awards, highlights the company's commitment to innovation and excellence.
  • The company's strong financial position, evidenced by successful financing and credit facility extensions, ensures stability and growth potential.

What critics are saying

  • The rapid pace of acquisitions may lead to integration challenges, potentially disrupting operations and culture.
  • Dependence on debt financing, like the $400 million in senior notes, could pose financial risks if market conditions change.

What makes Allegion unique

  • Allegion's aggressive acquisition strategy, including companies like Unicel Architectural and Krieger Specialty Products, significantly enhances its product offerings and market reach.
  • The company's focus on both mechanical and electro-mechanical access solutions sets it apart from competitors who may specialize in only one area.
  • Allegion's ability to secure substantial financing, such as the $400 million in senior notes, demonstrates strong financial health and capacity for growth.

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Benefits

Competitive pay

PTO

Career development

More benefits