Sourcing Manager

VM - ELMHURST
905 S Riverside Dr
Elmhurst, IL 60126, USA

Since 1966, Val-Matic Valve has been delivering products and services that are essential in providing clean water and other fluids to industries and homes around the world. Today, Val-Matic manufactures nine types of air valves and is the leading supplier of air valves in North America. As a subsidiary of A.Y. McDonald Industries, our company is family owned and privately operated.

If you’re looking for a job that leaves you feeling fulfilled and valued, then look no further than Val-Matic Valve.

Summary

The Sourcing Manager is responsible for developing and executing all purchasing strategies to optimize the company’s supply chain. This position leads a team of Supply Chain Planners, ensuring the timely procurement of materials, components, and services at the best value while maintaining the highest quality standards. The role focuses on inventory management, purchase order optimization, supplier management, cost savings, and risk mitigation, to support the company’s strategic goals.

Responsibilites

Leadership:

• Manage and mentor a team of planners, fostering professional growth and development.
• Define performance expectations and provide performance feedback
• Set team objectives, monitor performance, and provide constructive feedback using department KPI structure.
• Collaborate with team to define and communicate priorities.
• Promote collaboration and knowledge sharing across the team and other departments.
• Participate in cross-functional initiatives focused on cost savings, process optimization, material availability and on time delivery.
• Act as a resource and center of excellence as it relates to purchasing management.

Procurement and Inventory Management:

• Develop inventory management and reporting tools and processes. Analyze inventory to identify opportunities for buying optimizations.
• Establish proactive purchasing practices that align with demand forecasts and business objectives. Leverage data analytics to identify purchasing trends, optimize order quantities, and reduce excess or obsolete inventory. Create, or improve, reports to maximize purchasing and inventory visibility.
• Create dashboards and scorecards for regular reporting and operational reviews. Lead continuous improvement initiatives based on KPI insights and performance gaps.
• Develop and maintain standard operating procedures for purchasing activities.
• Collaborate with cross-functional teams to forecast sourcing costs and manage financial risks.
• Drive cross-functional process improvements to improve purchase order deliver to stock lead times.
• Develop contingency plans to ensure supply chain resilience.
• Identify and mitigate risks in the supply chain, including geopolitical, environmental, and market-related risks.

Strategic Sourcing:

• Work closely with Sourcing to develop and implement global sourcing strategies to achieve cost savings and improve operational efficiency.
• Provide support and lead supplier negotiations, including pricing, contracts and terms to achieve favorable agreements.

Required Qualifications

• Bachelor’s degree in supply chain management, business administration, engineering, or related.
• 5+ years of experience in sourcing, procurement, or supply chain management, in the manufacturing industry, a minimum of 3 years in leadership roles with direct reports.
• Proven experience managing a team, cross-functional collaboration and driving improvement.
• Strong negotiation, communication, and relationship-building skills.
• In-depth understanding of global supply chain and purchasing best practices.
• Proficient in ERP systems, Microsoft suite, Integrated Business Planning tools.
• Strong analytical and problem-solving skills.
• Ability to manage multiple projects and priorities in a fast-paced environment.
• Knowledge of international trade laws, customs regulations, and compliance requirements.
• Willingness to travel to supplier and manufacturing sites.

Key Metrics for Success:

• Cost savings.
• Team development and coworker engagement.
• Risk mitigation and contingency planning effectiveness.
• Contribution to company-wide operational efficiency and profitability.

Physical Requirements

The physical demands described…