Strategic Sourcing Cost Estimator

Ontic; Creedmoor (NC); On-site; USD 85,000 - 120,000; Full time

Benefits offered by this job

Comprehensive medical insurance

Competitive PTO and sick leave

401K with up to 4% match

Annual bonus program

Flexible working arrangements

Volunteer opportunities

Mental health champions

Employee referral program

Job summary

Ontic in Creedmoor, NC, is seeking a Strategic Sourcing Cost Estimator to join the Revenue Management team on-site. The role partners across Supply Chain, Engineering, Finance, Operations, and Revenue Management to develop cost estimates, evaluate suppliers, and identify cost-reduction opportunities.

A BA/BS in a related field and 2–3+ years of sourcing experience are required. The candidate will lead RFQ activity, develop should-cost estimates, and support supplier negotiations with market data

Qualifications

• BA/BS in Supply Chain, Business, Engineering, Finance, Operations or related field.
• 2-3+ years in strategic sourcing, procurement, or a related function.
• Experience developing sourcing strategies and RFQ activity.
• Experience with supplier pricing, lead times, tooling, and cost reduction.
• Ability to read BOMs and interpret engineering drawings.
• Strong Excel skills for supplier comparisons and scenario analysis.
• Experience with ERP/MRP systems and market intelligence.

Responsibilities

• Develop and maintain material and product cost estimates using supplier data and BOMs.
• Lead RFQ activity for materials, components, and services.
• Evaluate supplier quotations for competitiveness and cost reasonableness.
• Develop should-cost estimates and historical benchmarks for negotiations.
• Collaborate with Global Sourcing and Supply Chain leadership on supplier strategy.
• Provide cost models and escalation assumptions for long-term pricing.
• Support negotiations with data-driven targets and market data.
• Provide sourcing insights to support quotes and contracts.

Skills

Strategic sourcing

Cost estimation

Excel proficiency

Negotiation

Cross-functional collaboration

Supplier evaluation

Data analysis

Education

BA/BS in Supply Chain

Engineering/Business/Finance related field

Tools

ERP/MRP systems

Cost modeling tools

Job description

We are a fast-paced business with ambitious growth plans; so if you are dedicated, enthusiastic and always seeking ways to improve, you'll enjoy a career with us!Ontic is a leading global aerospace OEM trusted by the world’s aviation leaders. Ontic’s Creedmoor, NC, site is home to a number of specialist companies within the Ontic Group, including Firstmark, Twin Commander, and Metro Merlin. With over 1,400 employees across four time zones and nine sites, we have more than doubled in size since 2019 and are continuing to grow at pace.Our team is looking for a Strategic Sourcing Cost Estimator to join the Revenue Management team , reporting to the Head of Revenue Management , with an onsite work structure in Creedmoor, NC .The Strategic Sourcing Cost Estimator will provide strategic sourcing and cost estimating support focused on supplier strategy, material cost optimization, sourcing risk, and long-term competitiveness. This role will partner across Supply Chain, Strategic Sourcing, Engineering, Finance, Operations, and Revenue Management to develop cost estimates, evaluate suppliers, identify cost reduction opportunities, and provide commercial insight for pricing and sourcing decisions.To be considered for the Strategic Sourcing Cost Estimator opening, here's what you'll need to bring with you:BA/BS degree in Supply Chain, Business, Engineering, Finance, Operations, or a related field of study.2-3+ years of experience in strategic sourcing, procurement, supply chain, estimating, supplier management, or a related function, preferably within aerospace, defense, or manufacturing.Experience developing sourcing strategies, managing RFQ activity, evaluating supplier proposals, and supporting supplier selection decisions.Experience working directly with suppliers on pricing, lead times, minimum order quantities, tooling, capacity, commercial terms, and cost reduction opportunities.Experience utilizing ERP/MRP systems, historical purchasing data, supplier quotations, and market intelligence to support sourcing and estimating decisions.Understanding of bills of material (BOMs), manufacturing processes, material cost structures, supplier economics, and key supply chain cost drivers.Ability to read and interpret engineering drawings, specifications, and technical documentation to support sourcing and cost estimation.Strong commercial judgment with the ability to assess supplier pricing, identify cost drivers, evaluate sourcing alternatives, and determine cost reasonableness.Strong proficiency in Microsoft Excel, including supplier comparisons, cost modeling, scenario analysis, and decision-support tools.Strong negotiation, communication, and cross-functional collaboration skills with the ability to influence sourcing and commercial decisions.Familiarity with aerospace/defense sourcing requirements, government contracting, or regulated supply chains is preferred.As a Strategic Sourcing Cost Estimator, you will:Develop and maintain material and product cost estimates using supplier quotations, historical purchasing data, BOMs, engineering information, market intelligence, and sourcing assumptions.Develop sourcing strategies for new and existing requirements, balancing supplier capability, cost, quality, capacity, lead time, risk, and long-term business needs.Lead RFQ activity for materials, components, equipment, and services in support of new business, pricing, cost reduction, and strategic sourcing initiatives.Identify and develop alternative suppliers to improve competition, reduce cost, mitigate risk, and strengthen sourcing coverage.Evaluate supplier quotations and commercial proposals for competitiveness, completeness, sustainability, and cost reasonableness.Develop should-cost estimates, target costs, historical benchmarks, and supplier comparisons to support negotiations and sourcing decisions.Work with suppliers to understand underlying cost structures, manufacturing processes, tooling, minimum order quantities, capacity, and other commercial cost drivers.Support supplier negotiations with cost targets, market data, historical pricing, volume scenarios, and fact-based recommendations.Analyze BOMs, drawings, specifications, and manufacturing requirements to validate cost assumptions and identify key sourcing and cost drivers.Assess purchasing trends, supplier performance, market conditions, and alternative sourcing options to identify cost reduction and risk mitigation opportunities.Partner with Global Sourcing and Supply Chain leadership on supplier strategies, negotiation plans, dual sourcing, consolidation, and long-term cost reduction.Provide cost and sourcing insight to support new business, customer quotations, contract negotiations, and long-term pricing strategies.Support long-term agreement negotiations through cost models, escalation assumptions, volume scenarios, and supplier pricing frameworks.Collaborate cross-functionally to ensure sourcing strategies and cost estimates align with business objectives and operational requirements.Develop reporting that improves visibility into supplier competitiveness, sourcing risk, purchase price trends, and cost reduction opportunities.Present sourcing recommendations, cost risks, and savings opportunities to cross-functional and senior leadership.Our Benefits:Comprehensive medical insuranceCompetitive PTO, holiday pay, and sick leaveCompany 401K plan with up to 4% matched contributionAnnual bonus program (varies by level and discretionary based on company and individual performance)Flexible working arrangementsPaid volunteering opportunitiesAccess to mental health champions across our sitesCommitment to developmentEmployee referral program#LI-OnsiteEOE/Minority/Female/Sexual Orientation/Gender Identity/Disability/VeteranCompensation Pay RangeOntic Engineering and Manufacturing Inc. is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected VeteranStatus, or any other characteristic protected by applicable federal, state, or local law.This position must meet export control compliance requirements. To meet export control compliance requirements, a “U.S. Person ” as defined by 22. C.F.R. §120.15 is required. “U.S. Person” includes U.S. Citizen, lawful permanent resident, asylee, or refugee.