Strategic Sourcing Manager: Supplier & Cost Optimization

Woodward Inc.; Rockford (IL); On-site; USD 72,000 - 136,000; Full time

Benefits offered by this job

401(k) match (4.5%)

Annual stock contribution (5%)

Tuition reimbursement

Job summary

Woodward Inc. in Rockford, IL is seeking a procurement professional to lead supplier assessment, contract management, and strategic sourcing across direct materials.

You will manage a spend portfolio and collaborate with cross-functional teams to deliver value while maintaining quality and on-time delivery. The role emphasizes negotiating favorable terms, optimizing total cost, and driving supplier performance within Woodward's extensive total reward program.

Qualifications

• Supplier Assessment: assess potential suppliers to meet quality, cost, and delivery requirements.
• Contract Management: negotiate favorable terms and conditions with suppliers to generate value for both parties.
• Strategic Sourcing: select suppliers to provide direct material while conforming to category strategy and reducing risk.
• Portfolio Management: manage spend for a category, including financial performance and total supply chain.
• Commercial Strategy: analyze total cost structures and reduce procurement risk while maintaining quality and delivery.

Responsibilities

• Supplier Assessment: Assess potential suppliers to ensure they conform to category, supply chain, and product strategies and meet the company's quality, cost, and delivery requirements.
• Contract Management: Negotiate favorable terms and conditions with suppliers to ensure security of supply, commercial appropriateness, and risk management to generate mutually beneficial agreements that will deliver value for both parties.
• Strategic Sourcing: Select suppliers to provide direct material within a given category of suppliers who substantially conform to the category strategy, provide commercial favorability and reduce risk.
• Portfolio Management: Manage the portfolio of spend for a given category to include financial performance, plan for every part, and understanding of total supply chain.
• Commercial Strategy: Analyze total cost structures and implement strategies to reduce procurement risk (financial and otherwise) while maintaining quality and delivery performance to generate best total value for a given category.

Skills

Collaboration

Legal Acumen

Financial Acumen

Learning

Negotiation

Problem Solving

Communication and Influence

Information Navigation

Intellectual Curiosity

Value Orientation

Job description

Woodward Inc. in Rockford, IL is seeking a procurement professional to lead supplier assessment, contract management, and strategic sourcing across direct materials.

You will manage a spend portfolio and collaborate with cross-functional teams to deliver value while maintaining quality and on-time delivery. The role emphasizes negotiating favorable terms, optimizing total cost, and driving supplier performance within Woodward's extensive total reward program.