Key job responsibilities
Support in developing and implementing regional/global electrical and electronics supply strategy across nVent (spend category >$100M).
Support the Global Category Manager to drive sustainable year over year cost reductions > 5% while maintaining a project funnel with > 8% savings opportunities in electrical/electronics commodities.
Drive supplier selection, development, and overall supplier management with site partners/team members aligned with the business strategy.
Interface with the sites on issues of forecasting, planning, and strategy alignment.
Continually assess market conditions which may affect procurement, and recommend procurement and materials management strategy changes.
Monitor, manage and report on all influences to cost and performance, including economic, legislative, political and environmental factors, conducting regular benchmarking to ensure competitive advantage.
Identify and implement cost reduction initiatives with strategic electrical suppliers and distributors to meet business objectives.
Identify new areas to support standardization of components and consolidation of supply base.
Conduct supplier performance and business plan reviews with strategic suppliers for leverage and future planning.
Respond to unforeseen supply failures, working with suppliers and sites to deliver solutions to avoid manufacturing and customer line stops, mitigating costs.
Support in supplier negotiations, maintain and develop relationships with all strategic suppliers, ensure contracts are legally binding and auditable elements are accurately documented and retained, including periodic credit reviews.
Bachelor's degree in Electrical / Electronics Engineering desired but will consider Business Administration, Materials Management, Supply Chain, Operations, or other Engineering or related degree.
Comprehensive understanding of the Electrical and Electronics market.
Low cost country sourcing experience.
Capable of supporting global negotiations for high value strategic supply contracts with ability to develop and understand legal contracts.
Familiarity with sourcing in highly regulated environments (commercial & residential, energy, industrial and infrastructure industries) a plus.
Good understanding of product cost construction and the ability to interpret supplier costing sheets.
Results driven, problem solver with proven ability to drive projects to a successful conclusion.
Team oriented and good communication skills are essential.
Periodic domestic/international travel to nVent facilities and suppliers is required (20-25%).
nVent is an Equal Opportunity Employer
nVent is a $2.1 billion, high-performance electrical company with a dedicated team of 9,000 people and trusted brands such as CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER. Known for innovation, quality and reliability, our products connect and protect, consistently delivering value to industrial, commercial, residential, energy and infrastructure customers.
While our name may be new, our products have set the standards for quality for more than a century. Today as nVent, we are focused and forward-looking, ready to build upon our legacy. The future is now.