*When not traveling, this position is on-site at the Duravant office in Downers Grove, IL*
Duravant is a global engineered equipment company with an over 100-year operating history. Through our portfolio of operating companies, we deliver trusted end-to-end process solutions for customers and partners through engineering and integration expertise, project management and operational excellence. With worldwide sales distribution and service networks we provide immediate and lifetime aftermarket support to all the markets we serve in the food processing, packaging, and material handling sectors. Duravant's market-leading brands are synonymous with innovation, durability, and reliability.
Duravant is excited to add a Vice President of Strategic Sourcing to its' corporate supply chain team. This sourcing executive will work in a highly collaborative and consultative environment, working closely with the leadership teams across Duravant's family of Operating Companies (OC's). The Vice President of Strategic Sourcing will partner with leaders to develop and execute the sourcing strategies for identified categories (with the main focus on Indirect categories, with some support on Direct categories). Developing and maintaining key supplier relationships and driving lower cost of materials and services will be a main objective for this Senior Supply Chain leader.
ESSENTIAL RESPONSIBILITIES:
Lead development and execution of corporate-wide sourcing strategies in a global environment by using a well-established sourcing process and rigorous analytical methods e.g., benchmarking, sensitivity analysis, competitive market testing, end-to-end value chain TCO (Total Cost Ownership) analysis, make/buy evaluation, etc.
Utilize current sourcing platform and tools to identify synergy and cost savings opportunities across the OC's
Identify regional low cost supply and service sources that represent new technology, price and/or feature advantages
Build and implement a robust corporate wide RFQ process across all categories
Provide sourcing solutions and support to the operating units and manage supplier relationships globally
Partner with the OC's to develop and execute specific cost reduction initiatives to solution challenges for the business
Manage all key vendor negotiations, deliver best in class standard contract terms, and monitor compliance of corporate contracts across the operating companies
Strive to continually improve the sourcing processes by improving the internal processes, using state of the art sourcing tools and drive use of e-procurement tools
Develop and maintain deep category expertise within the corporate team and the teams inside the OC's (e.g., industry trends, best practices) to achieve "best value for money" solutions, balancing price, quantity, lead-time, and quality
Ensure Duravant is positioned to mitigate mid-long term sourcing risks through the develop of alternative sources and other best in class sourcing tactics
Meet or exceed the OC's annual material savings and cash flow goals while ensuring financial compliance
Support Duravant's on-going evaluation and/or implementation of MRP and ERP systems.
POSITION REQUIREMENTS:
Bachelor degree in a technical field required (Engineering, Supply Chain), MBA, APICS or ISM (NAPM) certification a plus
15+ years of relevant sourcing experience; purchasing engineered to order commodities and/or use of e-procurement
5+ years experience leading other materials management/sourcing professionals (directly or indirectly)
Demonstrated success in negotiating and managing agreements globally for raw materials and indirect commodities
Expertise in developing and fostering effective supplier relationships internationally
Strong leadership capability with proven ability to engage and influence stakeholders at senior levels
A high level of interpersonal and project management skills with the ability to collaborate cross-functionally, critical thinking and problem solving skills; must be able to thrive in a dynamic environment using change management to coach others
50% Global Travel
Duravant is committed to a culture that promotes long term career satisfaction and provides an opportunity for personal and professional growth. We succeed by operating within our core values of Integrity, Teamwork, Respect, Sense of Urgency, and Winning Spirit.
Competitive compensation
Comprehensive benefits package designed to support our employees' health, well-being, and financial security
Work/life programs designed to provide a safe, secure, and balanced environment
Education and training programs to develop and grow a high-performance workforce