Job description
Scope Of Role:
This position reports to the Director of Category Management and is responsible for the strategic management of our global steel product category. This position will provide global category leadership, aligning with segment and regional category teams and working closely with segment and divisional product leaders, operations and other key stakeholders to deploy strategies that drive value and sustainability in our supply chain.
Responsibilities:
- Manages complex multi-year supplier relationships aligned to enable our front-end portfolio strategies
- Plans, organizes, directs, controls and communicates all strategic sourcing activities related to assigned commodities and services to cross functional supply, engineering, technical support and operations group
- Conducts brainstorming sessions at facilities with cross functional teams to identify strategic opportunities and deployment priorities on cost saving initiatives.
- Provides oversight to sourcing/project managers on the deployment of projects with internal and external stakeholders
- Collaborates with global and regional supply teams to identify, screen and qualify strategic suppliers.
- Works with global facilities to create regional and global material cost savings funnels that align with commercial strategies and financial targets
- Drives spend analysis, including counter measures for projects that fall short of plan and makes decisions to remedy the issues to get the teams back on track to meet or exceed plan
- Develops and delivers strategies that will deliver year over year cost savings
- Possesses an understanding of total cost of ownership
- Proactively assesses internal and external process improvements and influences effective change and drive innovation and continuous improvements
- Collaborates with Regal Rexnord segments on the preparation of Request for Proposals (RFPs), Request for Quotations (RFQs) and leads the screening and supplier selection process
- Negotiate and drafts supplier contracts of sale, including payment terms, deliveries, price, freight terms, currency exchange, raw material steel fluctuation, inventory levels
- Analyzes market and delivery conditions to determine present and future (industry trends in pricing and availability that will impact the business) material availability, and prepares market analysis reports
- Responsible for timely reporting to agree upon KPI’s and presenting Strategic Sourcing plans, activities and progress
Professional Experience/ Qualification:
- BA or BS degree preferably in Supply Chain/Operations Management, minimum in a business/industrial related field
- 5 years’ experience working in an industrial manufacturing environment with experience in strategic Procurement/Supply Chain, or similar position
- Development of global sourcing strategies using category management methodology
Machined Components:
- Proven knowledge of milling, turning, grinding, metal forming processes and gear cutting
- Deep understanding of manufacturing process in relation to machined components
- Understanding of raw material inputs into machined and stamped components
- Strong performance record of managing categories at a global level
- Experience managing and negotiating external machining processes
- Proven success of supplier development strategies and related performance improvements
- Experience sourcing in low cost regions
- Experience working with multiple locations globally
- Proven success in a change management and “stretch” environment
- Ownership of castings, selected forgings, custom machined product categories, with general knowledge of other categories such as steel, resin, electronics are a plus
- Strong knowledge of cost modeling linked to casting/fabrication processes including: sand casting, die casting, milling, coating, plating, finishing, and total product cost
- Consistent performance in delivering annual cost reductions linked to category strategy
- Proven success in a matrix driven organization
- Excellent working knowledge of industrial markets, suppliers and company requirements
Leadership Competencies:
- Manages Complexity – Making sense of complex, high quantity and sometimes contradictory information to effectively solve problems.
- Drives Results – Consistently achieving results, even under tough circumstances
- Manages Conflict – Handling conflict situations effectively, with a minimum of noise
Regal Rexnord Corporation (“Regal Rexnord”) is a leading manufacturer of electric motors, electrical motion controls, power generation and mechanical power transmission products and sub-systems, serving customers around the world in the general industrial, consumer, commercial construction, food & beverage, and alternative energy end markets, among others. Regal Rexnord sells its products and solutions to OEMs, through distributors, and directly to end-users. With the announcement of the acquisition of Altra Industrial Motion, a ~$2B global business with 9,000 associates, focused on Power Transmission and Factory Automation products, Regal Rexnord will become a $7.3B company with 36,000 associates globally.
You may not know it, but Regal Rexnord impacts your life every day. The company’s products enable the fans in HVAC systems that keep us comfortable; the power source that keeps smart buildings running; the agricultural and food service equipment that keeps us fed; and the conveyer systems that keep e-commerce flowing, to name a few of the applications where our products are used.
Regal Rexnord’s business purpose is to create a better tomorrow by energy-efficiently converting power into motion. This means creating innovative solutions while focusing on both customer needs and the company’s commitment to sustainability. The company’s industrial powertrain and automation solutions offerings are an important part of the company's growth strategy. The company’s strategy includes leveraging 80/20 to prioritize all activities, including product excellence, operational excellence and commercial excellence (i) driving organic sales growth through the introduction of innovative new products, with a particular focus on improving energy efficiency, (ii) establishing and maintaining new customers, as well as developing new opportunities with existing customers, (iii) participating in higher growth end markets and geographies, and (iv) identifying and consummating strategic, value creating acquisitions.
Notification to Agencies: Please note that Regal Rexnord Corporation and its affiliates and subsidiaries ("Regal Rexnord") do not accept unsolicited resumes or calls from third-party recruiters or employment agencies. In the absence of a signed Master Service Agreement or similar contract and approval from HR to submit resumes for a specific requisition, Regal Rexnord will not consider or approve payment to any third-parties for hires made.
Notification to Agencies: Please note that Regal Rexnord Corporation and its affiliates and subsidiaries ("Regal Rexnord") do not accept unsolicited resumes or calls from third-party recruiters or employment agencies. In the absence of a signed Master Service Agreement or similar contract and approval from HR to submit resumes for a specific requisition, Regal Rexnord will not consider or approve payment to any third-parties for hires made.
Regal Rexnord is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex/gender, sexual orientation, gender identity, age, ancestry, national origin, marital status, citizenship status (unless required by the applicable law or government contract), disability or protected veteran status or any other status or characteristic protected by law. Regal Rexnord is committed to a diverse and inclusive workforce. We are committed to building a team that represents diverse and inclusive backgrounds, perspectives, and skills.
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