Sourcing Analyst - Illinois Tool Works : Job Details

This position will have global/regional/local responsibilities for developing and executing strategic sourcing strategies for assigned commodities and categories. Responsible for executing the sourcing strategies in accordance with the ITW 5 Step Sourcing Process helping to ensure delivery of highest quality and lowest total cost solutions. This role 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. This role is approximately 70% Strategic / 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 ...Sourcing, Analyst, Supply Chain, Product Management, Operations, Business, Banking, Business Services