Strategic Sourcing Category Manager - Non-Metals (Finance)

Overview

Location: Milwaukee, WI

ENERPAC - Who we are?

Enerpac Tool Group is a premier industrial tools and services company serving a broad and diverse set of customers in more than 25 countries. The Company's businesses are global leaders in high pressure hydraulic tools, controlled force products and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. The Company was founded in 1910 and is headquartered in Milwaukee, Wisconsin. Enerpac Tool Group trades on the NYSE under the symbol "EPAC". Our vision is to be our customer's preferred partner through relentless innovation of industrial tools and services that help them safely and reliably tackle their toughest jobs around the world. For further information on Enerpac Tool Group and its businesses, visit the Company's website at https://www.enerpactoolgroup.com/.

Brief Description

This position Reports to the Director of Category Management and is principally responsible for the management of all activities associated with procurement of global non-metal components. This position will provide full procurement category leadership, working closely with multiple site locations and our product strategy team to develop procurement strategies and coordinating global supply chain activities to ensure that cost, quality, delivery and service objectives are achieved.

Hybrid Work Schedule: Onsite Tuesday-Thursday, Virtual Monday and Friday

Functional Activities

• Ability to develop a wholistic category strategy which drives value for the enterprise in a sustainable manner.
• Plans, organizes, directs, controls and communicates all strategic sourcing activities related to assigned categories to cross functional supply, Product Strategy, engineering, technical support and operations groups.
• Conducts brainstorming sessions at Enerpac facilities with cross functional teams to identify strategic commodities and deployment priorities for cost saving, supplier rationalization, and strategic sourcing initiatives.
• Provides oversight to sourcing/project managers on the deployment of projects with internal and external stakeholders.
• Collaborates with regional category and supply chain 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.
• Maintains oversight and applies category strategy tactics to control inflationary and price change impacts.
• Drives spend analysis, including counter measures for projects that fall short of plan and make decisions to remedy the issues to get the teams back on track to meet or exceed plan.
• Possesses an understanding of the total cost of ownership.
• Proactively assesses internal and external process improvements and influences effective change and drive innovation and continuous improvements.
• Collaborates with global business units on the preparation of Request for Proposals (RFPs), Request for Quotations (RFQ's) 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 with impact on the business) material availability and prepares market analysis reports.
• Defines and executes upon category strategies including but not limited to improving supply chain resiliency through dual sourcing, supplier rationalization, and creating scalable supply base per business outlook.
• Responsible for timely reporting to agree upon KPI's and presenting Strategic Sourcing plans, activities and progress

Job Requirements & Qualifications

• BA or BS degree preferably in Supply Chain or Engineering competency, minimum in a business/industrial related field
• 10 years of experience working in an industrial manufacturing environment with experience in an Engineering, Supply Chain, with a preference for proven category knowledge in Non-Metal commodity materials (Plastic Components, Resins, Rubber, Hoses, Seals / Gaskets)
• Proven success of strategically working with suppliers or customers
• Experience sourcing and working globally with best value regions

• Proven success in a change management and "stretch" environment

• Ownership of any / all the following categories: Plastic Components, Resins, Rubber, Hoses, Seals / Gaskets

Desired Qualifications

• Proven success in a matrix driven organization
• Experience in a centralized Supply Chain structure
• Excellent working knowledge of industrial markets, suppliers and company requirements

Capabilities and Success Factors

• Bias for Action : Decisive , makes timely practical, effective decisions. Takes initiative without being asked.
• Open Communication: Willingness to ask and honestly answer tough questions. Treat other's opinions with respect. Foster open communications and candid discussions. Share information that helps others succeed. Keep others in the loop.
• Data Analysis/Interpretation : Ability to convert general data and findings into applied, specific information and suggestions that add value in the category(s) managed delivering results for the business.
• Manages Systems and Processes: Effectively uses systems and processes to measure, monitor, manage and impact performance. Improves processes and builds scalability.
• Financial Analysis Knowledge: Knowledge and application of the principles of financial analysis and capital projects justification (e.g. life cost analysis, internal rate of return, net present value, economic profit, economic value added). Experienced in Make/Buy decision making to ensure proper enterprise first decisions are made.
• Negotiations : Ability to influence and effectively negotiate optimal arrangements between Enerpac stakeholders and suppliers.
• Supplier Contracts : Knowledge of the legal terminology and language related to supplier and or vendor agreements and contracts.
• Persuasive: Demonstrates healthy and productive influencing ability. Gains the respect and confidence of others. Build constructive and effective relations.
• Drives for continuous improvement : Align continuous improvement with the strategic objectives of the organization; drive process excellence; make continuous improvement part of creating a high-performance culture; blends the best practices from different methodologies and focus on data, not emotions.