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Strategic Sourcing Analyst

Company: ITW
Location: Glenview
Posted on: January 15, 2022

Job Description:

Job Description

The Strategic Sourcing Analyst is responsible for mining and analyzing data, driving compliance of Strategic Sourcing opportunities, driving improved cost position with the supply base, and assisting in commodity/category strategy development at the Corporate level and execution at the Business Unit/Segment level. The position will support, identify, and quantify sourcing opportunities via data analysis, spend analysis, stakeholder interviews, market trends and other resources; and drive compliance of cost avoidance opportunities and other sourcing initiatives across the enterprise in one or more commodities. The person will also be responsible for creating and analyzing reports, partnering across the organization to improve financial results, and providing a thorough analysis on financial results compared to budget, forecast, and prior year performance- demonstrating a strong understanding of the key business drivers. It is imperative that this person is able to provide innovative solutions and work across different business units.

What Makes This a Great Opportunity
ITW offers a strong culture based on integrity and trust operating under the highest ethical standards
Opportunity to work with various levels in the organization to communicate ideas and concepts to drive and influence organizational change
This individual will communicate up, down and across the organization among different departments and levels
This is a strategic role within the organization that could lead to significant growth and responsibility

Key Deliverables

Data mining
Take existing internal and external Excel data to evaluate and communicate anomalies as well as opportunities. Review data for accurate taxonomies
Resolve internal and external data calculation errors and validate final calculations
Provide comprehensive analysis to support strategic sourcing solutions

Coordinate requests for RFQ's
Work with the Functional areas to obtain and validate commodity sourcing requirements
Work with the ITW supply base to ensure a timely and efficient RFQ process
Create comprehensive analysis of supplier quotations to aid in the sourcing selection and contract negotiation process

Market Analysis
Capture market data and create comprehensive market summaries that will aid in sourcing strategies
Work with Finance to capture and communicate forecast information
Create and maintain direct materials database

Data Analytics
Ability to lead the process of data collection and analysis of spend data to develop commodity/category strategies and opportunity prioritization
Gather and synthesize supplier, market and industry information to provide recommendations to Strategic Sourcing team

Commodity, Supply Base, & Market Knowledge
Ability to develop basic understanding of assigned commodities, including but not limited to: current market conditions, key cost drivers, global supply base, and industry terminology, as it relates to creating competitive purchasing programs for ITW companies

Qualifications
Bachelor's degree, preferably in Engineering, Mathematics, Data Analytics or Supply Chain.
2+ years of experience in an analytical, data-focused supply chain role.
Strong verbal and written communication required for effectively partnering with internal and external stakeholders.
Willingness to travel 20%
Fast learner that demonstrates strong business acumen
Demonstrated experience working with cross-functional teams
Demonstrated expertise in data analysis, presentation and management using MS Excel, MS Word, MS Access, MS PowerPoint
Aptitude for providing deliverables on projects ranging from $10mm-$70mm

Keywords: ITW, Glenview , Strategic Sourcing Analyst, Professions , Glenview, Illinois

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