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Illinois Tool Works

Global diversified manufacturer of industrial equipment

Global Strategic Sourcing Manager

Procurement & SourcingUpdated on Nov 12
Full-timeNo salary listed

About the Job

Requirements

  • A bachelor's degree in business, supply chain management, materials management, engineering, or a related discipline, or 10+ years of relevant experience in Supply Chain, Materials Management, or a similar field.
  • More than five years of progressive experience in strategic sourcing, procurement or supply chain within an industrial manufacturing environment.
  • Demonstrated experience developing category and supplier strategies, project management, leading formal sourcing processes and delivering measurable cost, quality, delivery and risk improvements in a global environment.
  • Strong negotiation and influencing skills, with sound knowledge of contract development, commercial terms, supplier agreements and procurement risk management.
  • Practical understanding of manufacturing operations, logistics, material requirements planning, inventory management and Lean methods, including Kanban, vendor-managed inventory and pull systems.
  • Experience using total-cost and target-costing methods, supplier and product benchmarking, make-or-buy analysis and market or commodity intelligence.
  • Strong technical, conceptual and analytical capability, with the ability to understand complex products, cost drivers, supply markets and operational trade-offs.
  • Proven ability to lead through influence and work effectively with diverse, international and cross-functional teams, including Engineering, Operations, Quality, Finance and New Product Development.
  • Proficiency in Microsoft Office and experience with ERP, sourcing, spend-analysis and supplier-performance systems.

Responsibilities

  • Develop, implement and continuously improve global sourcing processes, category strategies and supplier strategies aligned with the division’s commercial, operational and technology priorities, and develop annual and long-range sourcing plans.
  • Build and maintain a pipeline of sourcing and productivity opportunities, identifying, managing and delivering sustainable cost reductions, cost avoidance and value improvement.
  • Lead global and regional tenders, supplier selection, qualification and negotiations, including pricing, commercial terms, contracts, quality expectations and supply commitments.
  • Use total-cost analysis, target costing, benchmarking, market intelligence, tariff impact and competitive analysis to improve sourcing decisions and commercial outcomes.
  • Conduct global benchmarking of suppliers, products, technologies and alternative solutions, together with make-or-buy, outsourcing and low-cost-country sourcing assessments where appropriate.
  • Optimize the global supplier base and develop strategic supplier relationships that improve cost, quality, delivery, innovation and responsiveness; establish and execute global supplier standards and governance.
  • Lead the division’s supplier risk and resilience strategy, identifying, assessing and mitigating risks relating to capacity, financial health, geopolitical exposure, commodities, end of life, technology and continuity of supply.
  • Ensure sourcing strategies balance competitive cost, material availability, inventory, quality and operational resilience; work with materials teams on Kanban, vendor-managed inventory and pull-system opportunities.
  • Provide market, commodity and supplier intelligence to leadership and cross-functional teams, translating external developments into risks, opportunities and recommended actions.
  • Partner with Engineering, Operations and New Product Development teams from concept through commercialization, engaging suppliers early to optimize design, cost, quality, technology, manufacturability, phase-in/out and supply continuity.
  • Align sourcing and supplier strategies with current and future product requirements, including component standardization, preferred technologies and long-term supply roadmaps.
  • Coordinate cross-region and international sourcing projects, promoting standardized processes, common specifications, synergies and leverage across the division and wider organization.
  • Ensure sourcing activities comply with company policies, procedures, ethical standards and contractual requirements, while maintaining appropriate commercial and supplier documentation.
  • Maintain accurate supplier, spend, savings and performance data; develop and monitor dashboards that communicate project status, sourcing performance, risks and results.
  • Provide sourcing leadership, coaching and functional support to local procurement and materials teams, helping strengthen capability, consistency and execution across the division.

Desired Qualifications

  • Experience in capital equipment, machinery, assembly or electrical/electronic components is strongly preferred.
  • An MBA, advanced technical degree, or recognized purchasing qualification is preferred.

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

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