Internship

Supply Management – Sourced Product Commodity Management Intern

Gsm, New Product Development, Npd

Posted on 9/12/2024

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. Their product range includes mechanical locks, electronic access control systems, and biometric scanning devices, catering to various clients such as homeowners, businesses, and educational institutions. Allegion's products work by offering different methods of access control, from traditional keys to advanced technology that uses fingerprints or other biometric data for entry. What sets Allegion apart from competitors is their commitment to integrating new technologies into their security solutions while also adhering to environmental, social, and governance principles. The company's goal is to enhance safety and access for communities while driving innovation in the security industry.

Company Stage

IPO

Total Funding

$1B

Headquarters

Dublin, Ireland

Founded

1908

Simplify Jobs

Simplify's Take

What believers are saying

  • Acquisitions like Unicel and Krieger enhance Allegion's product offerings and market reach.
  • The demand for touchless security solutions has surged post-COVID-19 pandemic.
  • Cloud-based access control systems offer scalability and remote management capabilities.

What critics are saying

  • Emerging startups with innovative solutions could erode Allegion's market share.
  • Supply chain vulnerabilities in semiconductor components may disrupt electronic product production.
  • Rising raw material costs, especially metals, could impact Allegion's profit margins.

What makes Allegion unique

  • Allegion offers a comprehensive portfolio of mechanical and electronic security products.
  • The company operates in 120 countries under 23 brands, including Schlage and Von Duprin.
  • Allegion integrates ESG principles, focusing on innovation and community impact.

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Benefits

Competitive pay

PTO

Career development

More benefits

INACTIVE