Sourcing Manager

Sourcing Manager Akron, OH Job Details Full-time 1 day ago Benefits Paid parental leave Paid holidays Disability insurance Health insurance Dental insurance Financial planning services Tuition reimbursement Paid time off Adoption assistance Parental leave Vision insurance 401(k) matching Qualifications Contract management Contract review Program management EDI Bachelor's degree in finance Bachelor's degree in law Regulatory compliance Bachelor's degree in business Purchase order management Certified Purchasing Manager Improving operational efficiency Trade compliance Bachelor's degree in business administration MRP Finance 8 years Bidding project phase Bachelor's degree Continuous improvement Mentoring Competitive bidding Data interpretation Vendor contract management Presentation creation Business Administration Procurement contract negotiation Expenditure monitoring Strategic sourcing Senior level Training Cross-functional collaboration Business Leadership International trade regulations Full Job Description Org Marketing Statement At Parker Aerospace, we develop technologies and innovative solutions that enable reliable, efficient and increasingly sustainable flight for the lifecycle of the aircraft, including aftermarket support. Our passionate people with deep engineering expertise, together with our breadth of differentiated technologies, ensure that we make the extraordinary happen and continue to shape the future of aviation in partnership with our customers. As a member of our team, you are instrumental in fulfilling our mission: 'Enabling Engineering Breakthroughs that Lead to a Better Tomorrow.' Pursuing a career at Parker presents unlimited opportunities for both professional and personal development. Working with some of the most brilliant minds in the industry, your contributions will be pivotal in developing innovative technologies and products, significantly contributing to Parker's goal of addressing the world's most pressing engineering challenges. At Parker, our team members belong, matter and make a difference. Position Summary The Sourcing Manager obtains the best quality, service, and value for products and services through effective bidding, negotiation, and supplier management. Responsible for developing, negotiating, and administering highly complex and high-risk subcontracts, ensuring compliance on supplier cost, schedule, legal and performance criteria. This role will not have direct reports. Essential Functions Selects qualified suppliers and manufacturers and develops new supply sources of high dollar value, long lead time, critically needed parts, equipment, materials, or service. Acts as chairperson of the quotation/proposal evaluation/selection committee and presents the results for appropriate management review. Performs material planning duties related to assigned commodity including lead-time maintenance, analyzing material requirements, asset management, and other associated activities. Supports concurrent engineering efforts by selecting suppliers to participate in development activities aimed at obtaining cost effective, producible, reliable decisions. Solicits and evaluates proposals/quotations from suppliers and negotiates prices and terms to achieve optimum results for the company. Prepares and conducts market surveys and bidder conferences to gather or provide information necessary to select subcontractors. Assembles pre-award documentation required for anticipated subcontracts. Develops company negotiation strategies based on an evaluation of cost and pricing data. Conducts fact finding investigations. Negotiates long-term contract agreements with key suppliers to obtain effective prices, terms, products, and services. Plans and conducts major contract negotiations. Prepares subcontracts, statement of work, supplier data requirement lists, contractual documents and amendments as required to comply with contract specifications. Conducts supplier site visits and evaluates them as to production capability, performance, delivery, and other key business criteria. May support or lead supplier certification surveys as part of a technical and/or quality team. Processes purchase requisitions and issues purchase orders that accurately reflect price, schedule, terms, and conditions as negotiated with suppliers. May include orders with international suppliers and/or subcontractors involving import/export trade. Applies and may lead continuous improvement initiatives to improve the efficiency of internal systems and processes within the division. Develops, coordinates, and implements improvement initiatives with key suppliers. Recommends actions by analyzing and interpreting data and making comparative analyses. Analyzes proposed changes in methods Administers subcontracts by interpreting and implementing the terms, conditions, and/or provisions of the purchasing agreements. Develops and administers all reporting procedures with subcontractors on rates of expenditure and analyzes such expenditures against allowed budgeted amounts. Maintains professional and technical knowledge by attending educational workshops, reviewing trade publications, establishing networks, and/or participating in professional associations. Complies with federal, state, and aerospace industry regulations; ensures adherence to requirements and advises management on needed actions. Complies with Government/Commercial Practices Manual (GPM/CPM) policies and procedures. Acts as consultant to management on major matters. Establishes goals and objectives required to complete projects. Identifies mentoring needs. Trains and mentors less experienced employees. May provide leadership to others in department or to ad-hoc teams. May serve as functional expert. Shares specialized knowledge with others. Represents company on specific projects. Contributes to team effort by accomplishing related results as needed. Work assignments may include cross-functional or project team responsibilities (e.g., continuous improvement) Qualifications Bachelor degree in Business Administration or related field (e.g., finance, law/contract law, program management), and experience which has provided both theoretical and practical knowledge in the field. Demonstrated ability to perform the essential functions of the job typically acquired through eight or more years of increasingly responsible experience in contract administration or procurement. Certificate in Purchasing Management (CPM) or Contracts Management desired. Advanced, specialized knowledge of material requirements planning methods, principles, industry practices, and policies. Knowledge of complex legal and regulatory requirements related to government procurement regulations, or similar commercial or FAA requirements. Ability to effectively assess, lead, and implement continuous improvement in critical and/or high-impact areas. Proficient with standard business application software and specialized purchasing and/or materials systems (e.g., electronic data interface (EDI) or manufacturing resource planning (MRP) systems). Ability to work on complex problems where in-depth analysis and evaluation of situations or data frequently require complicated negotiations. Ability to solve a wide range of unique problems of considerable scope and complexity that may require new approaches or significant modification of standard procedure. Ability to read, analyze, and interpret complex policies and recommend changes to procedures. Ability to respond to significant inquiries or complaints from subcontractors, customers, regulatory agencies, or members of the business community. Ability to communicate effectively and make effective and persuasive speeches and presentations on complex topics to division management, bidders, suppliers, and customers. Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to effectively demonstrate team member competencies and participate in goal setting, performance feedback, and self-development activities Come join the Parker Aerospace Team!

Our competitive package includes:

Competitive Compensation Participation in Annual Incentive Program Benefit & Retirement Plans Comprehensive coverage for medical, prescription drugs, dental, vision, voluntary optional life, accident insurance, hospital indemnity insurance and critical illness insurance with competitive premium cost. 401(k) Plan with company matching contributions at 100% of the first 5% of pay Company provided defined-contribution retirement plan with annual contribution equal to 3% of pay Career development and tuition reimbursement Other benefits including paid parental leave, short and long-term disability programs, adoption assistance, a Care.com membership and financial planning assistance are provided at no cost to you. Supplemental benefit programs including identity protection, legal protection, and pet wellness are available at competitive rates. Paid Time Off and 13 Company-Paid Holidays. Drug-Free Workplace In accordance with Parker's policies and applicable state laws, Parker provides for a drug-free workplace. Therefore, all applicants seeking employment with Parker will be subject to drug testing as a condition of employment. This position is subject to meeting U.S. export compliance and/or U.S Government contracting citizenship eligibility requirements. Equal Employment Opportunity Parker is an Equal Opportunity and Affirmative Action Employer. Parker is committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job related reasons regardless of race, ethnicity, color, religion, sex, sexual orientation, age, national origin, disability, gender identity, genetic information, veteran status, or any other status protected by law. However, U.S. Citizenship, Permanent Residency or other appropriate status is required for certain positions, in accord with U.S. import & export regulations. ("Minority / Female / Disability / Veteran / VEVRAA Federal Contractor") If you would like more information about Equal Employment Opportunity as an applicant under the law, please go to Employees & Job Applicants | U.S. Equal Employment Opportunity Commission