Strategic Sourcing Analyst, Chemicals
Founded in 1912, ITW is a fortune 250, global industrial company centered on a differentiated and proprietary business model. The company’s seven industry leading segments leverage the ITW Business Model to generate solid growth with best-in-class margins and returns in markets where highly innovative, customer focused solutions are required. ITW’s 50,000+ dedicated colleagues around the world thrive in our decentralized, entrepreneurial culture.
The Sourcing Analyst for Strategic Sourcing will manage sourcing initiatives related to ITW’s Global Chemicals Spend. Strong technical and analytical skills will be required to identify opportunities and needs across ITW’s seven business segments. This position will contribute in the creation of sourcing strategies for critical cross-segment spend and defining actionable steps that provides value to the enterprise.
The analyst will conduct broad market research and engage the supply chain ranging from world class manufacturers to channel partners on a range of chemical commodities and derivatives. The analyst will assess market price drivers and trends for each product category in support of business sourcing priorities. Other responsibilities include Risk Mitigation Assessments, Cost Modeling, Contract Negotiation, Sustainability and Diversity efforts. Knowledge in one or more of the following chemical categories will benefit the performance of the individual in this role:
• Solvents & Oil – aliphatic, aromatic, oxygenated, base oil
• CASE resins - epoxies, silicones, acrylates, polyurethanes, and polyester
• Additives - surfactants, fuel/lubricant additives, inorganic fillers
• Colorant – pigment, dye, ink, dispersion, and master batch
Key Deliverables
• Project Execution & Strategy Implementation
• Chemical category and market assessment
• Accurate Category Taxonomies
• Manage Request for Quote (RFQ)/ competitive bidding process
• Contract Negotiation
• Market Trend and Pricing Analysis
Job Requirements
• Bachelor's degree in science and/or Engineering, including Chemistry, Chemical Engineering, Materials Science & Engineering, Polymer Science.
• +1 years of relevant work experience.
• Willingness to travel 20%
• Excellent verbal, written, interpersonal, communication and presentation skills
• Business Acumen/Leadership & Communication Skills
• Ability to support/manage projects across business units
• Technical Inclination & Intellectual Curiosity
• Ability to develop basic understanding of assigned commodities, including but not limited to current market conditions, key cost drivers, global supply base, and industry terminology, as it relates to creating competitive purchasing programs for ITW companies
• Demonstrated experience in analysis, and problem solving (showing expertise in data analysis and management using MS Excel, PowerBI, etc).