Sourcing Manager

Old World Industries, LLC.; Northbrook (IL); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

Company-matching 401(k) plan

Company-paid life insurance

Flexible spending and health savings accounts

Paid time off and paid holidays

Job summary

Old World Industries, LLC. in Northbrook, Illinois is seeking a Sourcing Manager responsible for leading sourcing strategies to enhance product development and profit. This role demands effective supplier negotiations, logistics management, and maintaining product compliance with safety protocols.

The ideal candidate will have at least 7 years of experience in global sourcing and possess a bachelor's degree. Benefits include comprehensive health coverage, a 401(k) plan, and paid time off.

Qualifications

• Minimum of 7 years in a global sourcing position with leadership experience.
• Efficient and effective communication and presentation abilities.
• Solutions-oriented strategic thinker.

Responsibilities

• Develop and implement the sourcing strategy.
• Manage supplier relations and logistics.
• Negotiate pricing, payment terms and lead times with suppliers.
• Ensure compliance with safety and compliance protocols.

Skills

Global sourcing experience

Leadership experience

Effective communication

Strategic thinking

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. The 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 relationships with international freight forwarders.
• 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

Benefits

• 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