Sourcing Manager

Colonial Group; Northbrook (IL); On-site; USD 90,000 - 140,000; Full time

Benefits offered by this job

Medical coverage

Dental coverage

Vision coverage

Wellness benefits

401(k) matching

Life insurance

Identity theft insurance

Disability insurance

FSAs and HSAs

Employee assistance program

Paid time off

Paid holidays

Voluntary life insurance

Legal benefits

Critical illness insurance

Accident insurance

Hospital indemnity insurance

Pet insurance

Job summary

Old World Industries, a Northbrook, Illinois based leader in automotive aftermarket products, seeks a Sourcing Manager to lead end-to-end responsible sourcing strategies to enhance profit and support new product development. The role focuses on building reliable supply chains, negotiating cost-efficient terms, and ensuring quality delivery while aligning with company objectives.

The position requires strong leadership, global sourcing experience, and partnership across departments to leverage

Qualifications

• Minimum of 7 years in a global sourcing position with leadership experience.
• Bachelor’s degree required.
• Efficient and effective communication and presentation abilities, with ability to tailor approach to best reach intended audience.
• Solutions-oriented strategic thinker who can easily identify high-priority, high-impact activities.

Responsibilities

• Develop and implement the sourcing strategy.
• Manage supplier relations, including contracts, terms, customer service and product issues.
• Oversee logistics of sourced products, optimize transportation to support operations, and manage relationships with international freight forwarders.
• Gather and negotiate product data, pricing, terms and lead times with suppliers.
• Enforce supplier agreements to meet quality, pricing, and lead-time targets.
• Leverage sourcing options to maximize profit, including brokers, trading companies, and overseas sourcing.
• Oversee overseas negotiations and document preparation for importing and delivery.
• Collaborate with Sales to provide product and supplier solutions and manage large quotes.
• Develop product compliance protocols and find overseas partners while ensuring safety and regulatory compliance.

Skills

Global sourcing

Leadership experience

Communication

Strategic thinking

Negotiation

Education

Bachelor’s degree

Job description

Position Purpose:

The Sourcing Manager is responsible for leading the development and implementation of end-to-end responsible strategies to deliver a competitive advantage related to product sourcing with a focus on driving profit enhancement and enabling differentiated product development. This role will establish reliable supply chains, negotiate terms and conditions for cost efficiencies, ensure delivery of quality product, and drive product development opportunities. This role will also ensure sourcing processes and procedures are fully integrated to support internal business needs and company objectives. Position will collaborate with stakeholders to ensure that our sourcing knowledge, relationships, and investments are effectively and efficiently leveraged.

Duties, Tasks, and Responsibilities:

• Responsible for developing and implementing the sourcing strategy

• Responsible for supplier relations of suppliers, including coordination of contracts, terms, customer service & product issues.
• Responsible for the logistics of the sourced products, which includes transportation alternatives to maximize efficiency and effectiveness to support business operations. Develops and manages relationship(s) with international freight forwarder(s).
• Gather and maintain product data and pricing, then negotiate pricing, payment terms and lead times with suppliers.

• Enforce agreements with suppliers to ensure quality requirements, target pricing, and estimated lead times are met.
• Leverage sourcing options, as appropriate, to maximize profit, including brokers, trading companies, suppliers, both industry & non-industry, overseas sourcing and other sources deemed viable.
• Supervise overseas negotiations and make sure that all appropriate documents are prepared for importing and seamless delivery.

• Actively engage with the Sales department to provide product and supplier solutions, along with developing & managing the large quote process to identify the best product, pricing, delivery, and supplier options.
• Develop product compliance protocols and find overseas partners to execute. Ensures safety and compliance protocols are followed. Keep company updated on current and new laws and regulations impacting overseas and importing business practices.

Education, Skills and Abilities:

• Minimum of 7 years in a global sourcing position with leadership experience
• Bachelor’s degree required
• Efficient and effective communication and presentation abilities, with ability to tailor approach to best reach intended audience
• Solutions-oriented strategic thinker who can easily identify high-priority, high-impact activities

This opportunity offers a competitive benefits package including:

• Medical, dental, and vision coverage with wellness benefits
• Company-matching 401(k) plan
• Company-paid life insurance and accidental death & dismemberment benefits
• Company-paid identity theft insurance
• Company-paid disability
• Flexible spending and health savings accounts
• Company-paid employee assistance program
• Paid time off and paid holidays
• Additional benefits included: voluntary life insurance, legal benefits, critical illness, accident insurance, hospital indemnity insurance, and pet insurance

Old World Industries is among the largest privately held companies competing in the automotive aftermarket today. Built upon a 50-year history of ingenuity, the Northbrook, Illinois-based company is transforming the automotive, commercial and chemical industries that keep the world moving forward. Old World’s brands include a full line of PEAK® Performance Automotive Aftermarket Products including Antifreeze/Coolant, Washer Fluid, Lighting and Wiper Blades; BlueDEF® Diesel Exhaust Fluid and Equipment; FINAL CHARGE® PRO-SERIES Heavy Duty Extended Life Coolant, Fleet Charge® SCA Precharged Heavy Duty Coolant and Thermal Charge® Heat Transfer