Strategic Sourcing Lead, Valves

ITT Inc.

Experience: 10+ yrs
Location: Lancaster, Pennsylvania, United States
Job type: Full-time

Required skills

business reviews
project management

About the role

About ITT::

ITT is an industrial manufacturer of critical, engineered components that serve fast-growing end markets in transportation, flow, energy, aerospace and defense. The company’s differentiation is sustained through a combination of several factors: execution, the quality of its leadership and our DNA as an engineering leader. We have a clear purpose as an organization: to provide our customers with cutting-edge solutions to help solve their most critical needs.

The company generated 2023 revenues of $3.3 billion and is comprised of three distinct segments:

Motion Technologies ($1.5B revenue) is a global leader in brake pads, shock absorbers and sealing solutions for the automotive and rail markets
Industrial Process ($1.1B revenue) is a global leader in centrifugal and twin-screw pumps for the chemical, energy, mining and industrial markets
Connect & Control Technologies ($0.7B) is a niche player in harsh environment connectors and control components in critical applications for the aerospace, defense and industrial markets.

ITT is headquartered in Stamford, Connecticut with over 10,000 employees in more than 35 countries and sales in approximately 125 countries.

Position Summary:

The Sourcing lead oversees the daily activities and strategic initiatives at local level to deliver high performance service and support for global sourcing and local manufacturing sites.

Essential Responsibilities:

Main Responsibilities / Tasks:

1. In conjunction with the key stakeholders and Commodities managers, develop the Valves group LCR strategies and vendor’s base strategies.

2. Manage and partner with high quality local suppliers in the purchase of parts and components across multiple categories, but with a clear focus on castings (Raw and Finished), fabrications and forgings;

3. Manage supplier relationships:

o Supplier development according to ITT standards

o Capacity management

o Establish top level senior management relationships

4. Jointly with Commodity Managers co-develop vision and establish targets of the supplier landscape by following product development roadmap and regional needs;

5. Prepare and oversee supplier negotiations related to the valves business including tactics, spend base analysis, script, dry-run and orchestrating stakeholders involved as well as all contract details;

6. Co-define and execute commodity strategy and strategic actions plans at suppliers with the extended global sourcing team;

7. Collaborate with technical team for new supplier homologation and existing supplier quality improvement;

8. Interface closely with internal customers (ITT sites globally);

9. Track and formalize (long-term) supplier performance by executing Strategic Supplier Reviews (SSR), identifying gaps, initiating improvement opportunities, developing mitigation measures, and executing total cost reduction and value-added initiatives (Project Funnel)

10. Flag and resolve escalations in time with the Commodity Managers and Purchasing Managers in collaboration with other teams associated or impacted by supplier performance;

11. Participate in the Supplier Meeting Business Reviews (MBRs)

Position Requirements:

Qualifications/Requirements:	1. 10+ years of strong strategic level experience in a complex Worldwide Supply Chain organization. Experience in castings and supplier development a clear plus; 2. Technical University degree or comparable education – Mechanical Engineering or Material Science preferred; 3. Strong communications, negotiation & interpersonal skills; 4. Demonstrated effective planning, organizing and decision-making skills; 5. Demonstrated leadership and team skills; 6. Strong project management skills; 7. Experience in, and the ability to interact credibly with internal management and clients; 8. Influencing and negotiating skills; 9. Global markets and geopolitical markets understanding; 10. Result driven with a structured approach.
Desired Characteristics:	1. Passionate Pursuit of Excellence with High Accountability and Human touch; 2. Disciplined and optimize execution; 3. Learning agility, lifelong learning; 4. Pragmatic and agile; 5. Strong with figures, data and analysis; 6. Hands-on, granularity; 7. Hard working – Smart working; 8. Can do attitude and result driven; 9. From strategy thinking to actionable activities; 10. Team player, cooperative; 11. Able to work under pressure and challenge.
Languages:	Fluent English in listening, speaking, reading and writing
Location：	Lancaster, PA

Equal Pay Act Statement: We aim to pay our ‘ITT’ers’ fairly and competitively in the locations that they live and work. Pay-for-performance is a principle that we believe in, and employees are rewarded based not only on ‘what’ they accomplish, but also on ‘how’ they reflect ITT’s values. ITT offers a competitive salary and robust total rewards package, such as health insurance, 401(k), short and long-term disability, paid time off, growth and developmental opportunities, and other incentive compensation programs. Specific benefits are dependent upon whether or not the position is part of a collective-bargaining agreement. The salary offered to a candidate is based several factors such as candidate experience and qualifications, location, as well as market and business considerations.

About ITT Inc.

Manufactures engineered components for transportation, energy, and industrial markets

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