Sr Strategic Sourcing Spec (Finance)
As a Sr. Strategic Sourcing Specialist here at Honeywell, you will play a critical role in driving the end-to-end cycle of strategic sourcing initiatives and supplier management. You will be responsible for establishing and executing sourcing strategies that are aligned with business leadership and achieve the lowest total cost, reduced working capital, and ensure supply continuity. You will also be responsible for conducting supplier evaluations, negotiating contracts, drafting statements of work, and managing supplier relationships. This role requires a strong understanding of procurement best practices, strong contracting experience, excellent negotiation skills, strategic thinking, and the ability to drive cost savings and process improvements.
In this role, you will impact the company by driving competitive commodity and category supply strategies, managing supplier performance, and ensuring compliance with company policies and procedures. You will also contribute to the growth and success of the business by identifying cost-saving opportunities, implementing value engineering initiatives, and eliminating sole / single sources.
KEY RESPONSIBILITIES
- Drive and execute Annual and Strategic Plan with supporting strategies
- Develop and implement sourcing strategies to optimize contracting terms, cost, quality, and delivery performance
- Conduct market research and supplier evaluations to identify and onboard strategic suppliers
- Lead supplier negotiations and contract management to ensure favorable terms and conditions
- Drive continuous improvement initiatives to enhance supplier performance and supply chain efficiency
- Collaborate with cross-functional teams to align sourcing strategies with business objectives
- Monitor supplier performance and manage supplier relationships to mitigate risks and ensure compliance
- Right and fast execution of strategies to align with business growth and new product introductions
- Manage commodity strategies including spend analysis, benchmarking, cost, market analysis and global technology / economic trends
- Create and negotiate long-term contracts and project-based statements of work to ensure best combination of price, quality, and delivery
- Ensure relationship development and management with key supplier leadership
- Align with Sales, Marketing, Technology, Business, Operations, Finance and Quality and other Honeywell businesses
- Manage Supplier selection, RFQ and RFI process, Negotiation, Contracting and supplier performance processes
- Improve Working Capital through Payment Terms extensions, payment cycle optimization, and lead time reductions
- Bachelors degree
- 4+ years of experience in Procurement, Supply Chain, Business, or Finance
- Strong negotiation skills and processes
- Ability to independently lead sourcing projects
- Ability to manage multiple projects in a dynamic global environment
- Strong communication skills - verbal and written
- Excellent relationship management skills
WE VALUE
- Strong experience in Sourcing
- 3+ years working in or with sourcing and managing supplier relationships & deliverables
- 2+ years of complex global commodity management leadership experience
- Direct contract negotiations/contract management experience(Terms and conditions that support a PO, Long term agreements, Liability, Warranty, Insurance, Indemnity, scope of work, etc)
- Project management experience
- Experience working and/or leading in team environments
- Experience with Oracle, eSourcing platforms, Request for Quotation Tools, Project Management Tools
- Experience with Six Sigma and Lean Tools
- Demonstrated Business and financial acumen
- Professional Certifications in Project/Supply Chain/ Procurement/Contract Management
- Master's degree
• Benefits - Medical, Vision, Dental, Mental Health
• Paid Vacation
• 401k Plan/Retirement Benefits (as per regional policy)
• Career Growth
• Professional Development
The application period for the job is estimated to be 40 days from the job posting date; however, this may be shortened or extended depending on business needs and the availability of qualified candidates.About Us Honeywell helps organizations solve the world's most complex challenges in automation, the future of aviation and energy transition. As a trusted partner, we provide actionable solutions and innovation through our Aerospace Technologies, Building Automation, Energy and Sustainability Solutions, and Industrial Automation business segments - powered by our Honeywell Forge software - that help make the world smarter, safer and more sustainable.