Senior Strategic Sourcing Manager - Capital Equipment

Niron Magnetics; Minneapolis (MN); On-site; USD 135,000 - 160,000; Full time

Benefits offered by this job

Equity grant

Medical, dental, and vision insurance

401k plan with match

Paid vacation, sick time, and holidays

Job summary

NIRON Magnetics, headquartered in Minneapolis, MN, seeks a Senior Strategic Sourcing Manager for global sourcing of capital equipment and manufacturing materials. You will build a resilient supplier base, partner with Engineering and Operations, and lead strategic negotiations to support growth and scale.

You will develop deep market knowledge in grinding, pressing, coating, and related technologies, drive cost reduction, and implement scalable sourcing processes across geographies.

Qualifications

• Bachelor’s degree in Supply Chain, Business, Engineering, or related field.
• 7–10+ years of procurement or supply chain experience in a manufacturing or industrial environment.
• Experience sourcing capital equipment.
• Strong analytical skills to evaluate supplier proposals, cost drivers, and market trends.
• Excellent negotiation and stakeholder communication skills.
• Ability to develop should-cost models.

Responsibilities

• Develop and execute global sourcing strategies for capital equipment.
• Identify, qualify, and manage suppliers; ensure reliability and cost-effectiveness.
• Lead RFQ processes and supplier selection; negotiate master agreements.
• Collaborate with Engineering and Operations to align procurement with roadmaps.
• Drive continuous improvement in procurement processes and systems.
• Maintain procurement data for reporting, planning, and audits.

Skills

Analytical skills

Negotiation

Stakeholder management

Supply chain

Strategic sourcing

Capital equipment

Supplier relationship management

Cross-functional collaboration

Project management

Education

Bachelor’s degree in Supply Chain, Business, Engineering, or related field

Job description

Senior Strategic Sourcing Manager - Capital Equipment

About Niron

Niron Magnetics is commercializing the first new magnetic material in decades powered by its breakthrough material formulation and advanced manufacturing process. The company’s proprietary magnet technology based on Iron Nitride enables magnets that are inherently high magnetization, free of rare earths and other critical materials, and solve supply chain reliability challenges, will drive innovation in various industries. Headquartered in Minneapolis, MN, Niron Magnetics is comprised of a team of professionals with a desire to make a positive impact on the global community. We were named one of “America's Top GreenTech Companies” for 2024 and 2025 by TIME Magazine and the “Innovation of the Year” at the 2025 mHUB Fourth Revolution Awards.

Our team is made up of people who think big, dare to innovate, and strive to impact the planet through technological innovation for our customers. Ready to work alongside amazing people, solve complex problems, and leave a legacy? Join our team.

What you’ll do

The Senior Strategic Sourcing Manager is responsible for developing and executing global sourcing strategies to support capital equipment procurement and manufacturing operations. This role combines strategic supplier management, technical market expertise, and operational execution to ensure reliable, cost-effective, and scalable supply solutions.

You will serve as a key partner to Engineering and Operations by identifying and qualifying suppliers, managing sourcing initiatives, and building a resilient global supply base that supports Niron’s growth. This role will develop deep expertise in critical manufacturing technologies and supplier markets while driving continuous improvement in procurement processes and systems.

Supplier and Market Analysis

• Develop and maintain deep industry expertise in grinding, pressing, cleaning, coating, and wire saw technologies.
• Lead global supplier market intelligence and pricing strategy for capital equipment.
• Serve as a technical sourcing partner to Engineering, proactively identifying supplier solutions and influencing equipment decisions.
• Analyze global supplier capacity constraints and develop mitigation strategies.
• Lead supplier onboarding and qualification strategies.
• Own supplier performance management and drive improvement initiatives.
• Establish long-term supplier partnerships aligned with engineering and operational roadmaps.
• Define sourcing strategies for capital equipment and critical technologies.
• Lead complex global RFQ initiatives and supplier selection decisions.
• Negotiate strategic pricing structures and long-term commercial agreements.
• Lead negotiation of master supply agreements and commercial terms.
• Ensure supply continuity for critical equipment and materials.
• Own and drive execution of the supplier sourcing roadmap.
• Lead resolution of complex supplier issues and escalations.

Process and Systems Development

• Maintain procurement data in internal systems to support reporting, planning, and audits.
• Lead development of scalable sourcing processes and tools.
• Establish procurement best practices across the organization.
• Drive supplier optimization and cost-reduction initiatives.
• Identify and implement strategic supply chain improvements.
• Influence system design and procurement reporting capabilities.

What We’re Looking For

• Bachelor’s degree in Supply Chain, Business, Engineering, or related field (or equivalent experience).
• 7-10+ years of procurement or supply chain experience in a manufacturing or industrial environment.
• Experience sourcing capital equipment
• Strong analytical skills with ability to evaluate supplier proposals, cost drivers, and market trends.
• Strong negotiation and communication skills with internal and external stakeholders.
• Demonstrated ability to fully negotiate supply contracts
• Highly organized, proactive, and comfortable in a fast-paced, scaling environment.
• Ability to develop “should cost” models

Nice to Have

• Experience in a start-up or high-growth manufacturing environment.
• Familiarity with industrial equipment or advanced materials categories.
• Exposure to cost analysis and supplier performance management.

Our Pay and Benefits

• Salary range: $135,000 – 160,000 based on experience, skills, and education
• Equity position in Niron via stock option grant
• Comprehensive medical, dental, and vision insurance
• 401k plan with company match
• Paid vacation, sick time, and holidays
• Experience in a fun, high-performing, manufacturing environment