Sourcing Lead

ITT is an industrial manufacturer of critical, engineered components that serve fast-growing end markets in transportation, flow, energy, aerospace and defense. The company’s differentiation is sustained through a combination of several factors: execution, the quality of its leadership and our DNA as an engineering leader. We have a clear purpose as an organization: to provide our customers with cutting-edge solutions to help solve their most critical needs.

The company generated 2023 revenues of $3.3 billion and is comprised of three distinct segments:

• Motion Technologies ($1.5B revenue) is a global leader in brake pads, shock absorbers and sealing solutions for the automotive and rail markets
• Industrial Process ($1.1B revenue) is a global leader in centrifugal and twin-screw pumps for the chemical, energy, mining and industrial markets
• Connect & Control Technologies ($0.7B) is a niche player in harsh environment connectors and control components in critical applications for the aerospace, defense and industrial markets.
  
  
  

ITT is headquartered in Stamford, Connecticut with over 10,000 employees in more than 35 countries and sales in approximately 125 countries.

Position Summary

The principal purpose for this position located in Vadodara, (Gujarat) India, is to:

• Lead and support the Koni ( https://www.koni.com ) team in the development and execution of sourcing strategy for both direct products and services to leverage volume, optimize performance and minimize costs
• Develop cost strategies to support different business segments to enhance cost control, vendors strategy implementation and VAVE initiatives
• Establish strong connections with key stakeholders including such as purchasing, engineering, R&D, quality and supply chain engaging them and assuring sourcing strategy is aligned with operation needs and expectations
• Support sales efforts to win projects through active engagement in selecting the right supplier and negotiation of best cost and terms
• Effective procurement project deployment in supporting to all new product development projects
  
  
  

Essential Responsibilities

• Execute and support on performance management with relevant suppliers (scorecards, development dialogues)
• Vendors scouting and tendering process for vendors selections
• Support R&D Project Manager/Specialist on R&D projects (technical capability to develop vendors)
• Understand of supply chain operations (including logistics and material management)
• Support on logistic set-up contracting and ramp-up/down activities incl. SLA /Supply Logistic Agreement/ and vendor capabilities evaluation
• Support as project participant in procurement projects on global relevant projects
• Identify and execute procurement KPI pipeline (P2P savings, supplier consolidation, quality & delivery performance, OTD)
• Execute supply chain projects
• Executing contracts and annual negotiation
• Understanding on material/demand planning for global purchasing (consignment stocks, shipments, TCO,…)
• Participate in cross-functional projects at global level with cost reduction focus
• Execute price negotiations for projects and make price agreements with suppliers
• Participate in VA/VE activities
• Technical understanding of specification for VA/VE initiative or vendors qualification with SQ team
• Support regional teams (supplier issues, escalations)
• Support and execute the contractual aspects of logistic set-up with all suppliers (SLA incl. ramp-up/down activities and capacity evaluation) in close cooperation with regional inbound teams
  
  
  

Position Requirements

Education: BS Degree in Business or Engineering, MBA preferred

Experience : 5-7 years Operational Purchasing or Strategic Sourcing

Skills/Knowledge :

• Business skills including leadership ability, innovative thinking, global strategy, communications and change management
• Familiarity and experience with Contract Law
• Technical knowledge including familiarity with castings, forgings, machining and other railway key categories
• Tactical purchasing experience
• Expertise in functional competencies of technical decision making, continuous improvement and project management
• Fluent knowledge of English, Hindi and the Mumbai local language
• Ability to perform supplier scouting, development and support for supplier selection and qualification
• Availability to travel frequently between Vadodara and Mumbai