Lead Sourcing Specialist - Machined Parts
Job Summary
Job Description
- Drive margin improvement and deflation projects
- Manage RFQs and execute global projects
- Negotiate long-term agreements with suppliers
- Prepare annual budgets and strategic plans
- Manage supplier relationships at senior level
- Improve material availability and quality
- Create short and long-term commodity strategies
- Mitigate risks through supplier evaluation
- Ability to conduct management level relationship with suppliers
- Strong project Management and Project Execution Skills
- IT skills with ability to manage complex data
- Strategic Sourcing, Supply Chain, Product Management, or Engineering background
- Demonstrated background of building collaborative relationships
- Strong Communicator with excellent presentation skills
- Ability to work with cross functional teams
- Ability to work with Global Supply Base
- Ability to manage global stakeholders.
5 skills required
Job Details
It’s not just about your career or job title… It’s about who you are and the impact you will make on the world. Because whether it’s for each other or our customers, we put People First. When our people come together, we Expand the Possible and continuously look for ways to improve what we create and how we do it. If you are constantly striving to grow, you’re in good company. We are revolutionizing the way the world moves for future generations, and we want someone who is ready to move with us.
Lead Sourcing Specialist – Machined Parts
Role Summary/Purpose:
The Lead Sourcing Specialist – Machined Parts will be responsible to drive commodity strategies for India machining commodity with a clear focus on margin improvement, payment term changes, supplier relationship management, dual source development, low-cost country spend migration, cross functional project management, supplier delivery performance management and Increase in Exports from India – primarily for Transit business. This role will be responsible for strategic sourcing of parts for Transit India/Freight India Business as well as exports to EMEA/US region across Transit/Freight business units.
Essential Responsibilities:
- Drive margin improvement by driving deflation projects across business units by using various levers like localization, YOY Productivity Sign Off, SCRI, Should Cost, Blend Management, negotiations, Logistics cost optimization and contract management.
- Budget adherence by analyzing multiple avenues of cost reduction, risk mitigation, spend rationalization, and prepare catch up plans as required.
- Liaison with global EMEA/US teams to facilitate RFQ execution.
- Receive, manage and execute multiple RFQs through systematic approach.
- Execute projects for global locations through cross functional engagement.
- Drive cash flow improvement projects across business units by improving the payment terms with the supply base.
- YOY improvement in exports spend from India based suppliers to Wabtec Worldwide Sites by identifying deflation opportunities.
- Negotiate and Sign off Long Term Agreements with preferred suppliers, which defines price corrections framework for commodity and currency movements and framework for COPQ, Warranty, PTA settlements.
- Responsible for preparing Annual Budget / IOP / STRAP for the category team.
- Work across business units to identify synergy savings.
- Manage strategic relationship management at senior level management by conducting structured supplier relationship management reviews.
- Improve material availability and quality by conducting QBR reviews, recovering costs incurred associated with defects, conducting root cause analysis and implementing corrective actions related to delivery delays, eliminating premium transportation, and ensuring all purchase orders are promised in a timely manner.
- Create short and long-term commodity strategies and influence cross functional team members.
- Work on risk mitigating strategies by doing supplier evaluation, risk mitigation analysis, develop and execute plans.
- Work closely with shop operations and commercial / product management teams to prioritize cost out efforts where needed on specific products and programs.
- Drive strategic projects to leverage India supply base for exports to EMEA region.
Qualifications/Requirements:
- Bachelor Of Engineering (Mechanical / Production). Full Time MBA in Operations / Supply Chain would be preferred.
- 8 to 12 years of experience in Strategic Sourcing of Machined Parts.
- Willingness and ability to travel up to 25% of the time
Desired Skill Sets:
- Ability to conduct management level relationship with suppliers.
- Ability to negotiate long term contracts with suppliers
- Strong project Management and Project Execution Skills.
- IT skills with ability to manage complex data.
- Effective problem-solving skills
- Ability to execute projects with high sensitivity by maintaining timeline and deliverables.
- Strategic Sourcing, Supply Chain, Product Management, or Engineering background
- Demonstrated background of building collaborative relationships
- Strong Communicator with excellent presentation skills
- Ability to work with cross functional teams such as engineering, NPI sourcing, quality, services, materials etc. to achieve timely project execution
- Ability to work with Global Supply Base
- Ability to manage global stakeholders.
Who are we?
Wabtec Corporation is a leading global provider of equipment, systems, digital solutions, and value-added services for freight and transit rail as well as the mining, marine, and industrial markets. Drawing on nearly four centuries of collective experience across Wabtec, GE Transportation, and Faiveley Transport, the company has grown to become One Wabtec, with unmatched digital expertise, technological innovation, and world-class manufacturing and services, enabling the digital-rail-and-transit ecosystems.
Wabtec is focused on performance that drives progress and unlocks our customers’ potential by delivering innovative and lasting transportation solutions that move and improve the world. We are lifelong learners obsessed with making things better to drive exceptional results. Wabtec has approximately 27K employees in facilities throughout the world. Visit our website to learn more! http://www.WabtecCorp.com
Our Commitment to Embrace Diversity:
Wabtec is a global company that invests not just in our products, but also our people by embracing diversity and inclusion. We care about our relationships with our employees and take pride in celebrating the variety of experiences, expertise, and backgrounds that bring us together. At Wabtec, we aspire to create a place where we all belong and where diversity is welcomed and appreciated.
To fulfill that commitment, we rely on a culture of leadership, diversity, and inclusion. We aim to employ the world’s brightest minds to help us create a limitless source of ideas and opportunities. We have created a space where everyone is given the opportunity to contribute based on their individual experiences and perspectives and recognize that these differences and diverse perspectives make us better.
We believe in hiring talented people of varied backgrounds, experiences, and styles… People like you! Wabtec Corporation is committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or expression, or protected Veteran status. If you have a disability or special need that requires accommodation, please let us know.
