Sourcing Analyst

Company Description

Hobart Service and Parts, both part of Illinois Tool Works (ITW), have been supporting the food equipment industry for over 125 years. Together, we provide industry‑leading service solutions and parts distribution for commercial food equipment across the country.

This position will have global, regional, and local responsibilities for developing and executing strategic sourcing strategies for assigned commodities and categories. It will forecast and report economic savings performance, negotiate price reductions or increases, drive long‑term agreements, market test, award new business to maximize leverage, and analyze various reports to identify and implement cost reduction opportunities. Additionally, the sourcing specialist will support special projects as necessary to assist in delivering commodity goals.

The role is approximately 70% strategic and 30% operational, focusing on commodity strategy, benchmarking, sourcing council preparations, mid‑to‑upper‑management presentations, resourcing as needed, technical cost reductions, warranty agreements, managing supplier financial distress, and coordination with global teams. Responsibilities include supplier relationship management, addressing nonconformance and capacity constraints, and identifying new opportunities while leveraging sourcing, strategic planning, commodity expertise, supplier selection, negotiation, and risk management skills.

Strong analytical, negotiation, and relationship‑building skills are required in a fast‑paced environment.

• Develop & execute category management strategies, based on organizational requirements to align with current and future market conditions to provide top‑line value, improve the total cost of ownership model, reduce supply disruption risk, and increase supply chain agility. Manage the RFP process, prepare requests, select participants, review proposals, negotiate contracts and prices with suppliers, and award business based on Total Cost of Ownership analyses.
  
  Negotiate, implement, and manage long‑term agreements while achieving commercial savings and raw material recovery to meet or exceed parts cost and total cost reduction objectives.
• Facilitate supplier/engineering VA/VE activities to drive product cost savings and process improvement initiatives to achieve budget performance.
• Collaborate with and participate with colleagues across the Enterprise to ensure strategies are aligned with company goals and objectives. Present category management strategies to department and senior leadership as requested.
• Develop market intelligence within assigned categories, including industry trends, global pricing, lead times, technology and manufacturing capability of suppliers, supply/demand market volatility, cost drivers, material indexes, benchmarks, and mergers & acquisitions.
• Develop and manage supplier relationships that deliver reliable product supply and total cost effectiveness while meeting all customer service, compliance, product requirements, and key performance metrics. Manage supplier performance through monthly scorecards, support performance improvement, and proactively identify issues.
• Serve as a trusted business advisor, manage and drive resolution of supplier issues, and lead strategic partner meetings to drive business value. Arrange and conduct regular Top2
  
  Top meetings. Influence supplier segmentation and develop risk mitigation plans.
• Collaborate with Product Management to support new product launch initiatives and develop cost‑reduction and sourcing strategies for service parts.

• Education and
  
  Work Experience:
  • Bachelor’s Degree in Business, Materials, Supply Chain Management, Materials Management, Engineering, Operations, or a related field.
  • 3+ years of sourcing experience, including completing sourcing events (RFI, RFQ, RFP) and contract negotiation/management.
  • 3+ years of strategic procurement experience.
• Desired Education/
  
  Experience:
  • 3+ years in commodity/category management preferred, but not required.
  • 3+ years in supply management with a focus on strategic sourcing and supplier development preferred, but not required.
  • Certification…