Product Sourcing Strategist
1 month ago
Job Summary:
We are seeking a highly skilled NPI Sourcing Lead to join our team at Agilent Technologies Inc. This role will be responsible for setting strategic commodities direction for the NPI team, ensuring the best long-term total cost of ownership, and other measures of success.
Key Responsibilities:- Defines and leads overall sourcing plans for the development product, including mass production and customer service needs.
- Ensures the best long-term total cost of ownership and other measures of success, including time to market, cost on budget, and quality targets.
- Assures supply availability and time to market.
- Defines sourcing implementation plans in collaboration with category management teams impacting the product.
- Creates worldwide alignment from the product sourcing perspective.
- Fosters modular design and standardization approaches.
- Identifies new product technology requirements and spearheads technology sourcing in collaboration with the CTM and GCM.
- Evaluates production and R&D requirements, determining if a current supplier can meet the needs. Escalates to the GCM and Regional Sourcing Manager if there is a gap in the requirements for the supply base.
- Works with CTM/Site ME to conduct supplier audits and evaluates potential new suppliers in coordination with GCM.
- Prepares and evaluates quotation packages with the Regional Sourcing Manager, establishing cost standards and analyzing variances for new parts/products. Drives cost optimization throughout the supply chain.
- Establishes the Sourcing Committee to award new businesses to suppliers.
- Contract Management: Ensures that all new suppliers have a CDA and Contract Framework signed, led by the Commodity team.
- Risk Analysis and Management: Conducts high-level risk analysis on the suppliers selected for the NPIs and ensures they meet the strategy directions/guidelines for the suppliers. Ensures no hold or eliminate supplier on new product.
- Participates in make-or-buy strategic directions.
- Develops a strong understanding of commodities and specifications requirements, leading the discussion and business cases on make-or-buy decisions, taking into consideration core competency, IP, and supply base risks.
- Establishes sourcing targets based on business needs and requirements, developing the appropriate sourcing strategy and initiatives and plans to meet and/or exceed the targets. Ensures expectations are tied to business needs and communicates any changes in expectations in a timely manner.
- Establishes total cost of ownership targets based on business needs, implementing the appropriate initiatives to meet and/or exceed targets for the NPI product released.
- Develops a strong understanding of business requirements, working with partners to clearly understand their direction and needs.
- Internalizes requirements within Strategic Procurement and defines what needs to be delivered to meet their needs, also identifying additional opportunities to deliver new value-add. For example, establishes a Quick Turns for NPI delivery.
- Works with management to translate business requirements into objectives and goals for manufacturing footprint decisions.
- Identifies opportunities for best location costs based on the supply base footprint, logistic costs, and OHs.
- Strategic and Value-Based Sourcing activities: Organizes VAVE workshops on products involving CTM, PCM, and GCM teams.
- Conducts Value Stream Mapping (VSM) at suppliers' premises to support make-or-buy decisions or cost improvement roadmaps.
- Bachelor's or Master's degree in Engineering, Materials Science, Business, or equivalent.
- Minimally 5-7 years of relevant experience for entry to this level.
- Deep insights into industry best practices for procurement in NPIs.
- Strong project management skills.
- Knowledge of leading-edge procurement practices, deep insights into various commodity strategies, terms, and negotiation concepts, and business law.
- Financial and analytical skills/tools to determine total cost, evaluate suppliers, and suggest improvements in procurement processes (statistics, cost accounting, computer spreadsheets, flow charting, etc.).
- Strong interpersonal skills to represent Agilent Strategic Procurement to internal cross-functional teams and suppliers and able to relate to peers/managers/internal partners.
- Demonstrated leadership and ability to effectively manage multiple projects of simple to medium complexities and requirements.
- Proficiency in Microsoft applications.
- Requires specialized depth and/or breadth of expertise in the job.
Agilent Technologies Inc. is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, or any other protected categories under all applicable laws.
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