At WD-40 Company we believe that purpose-driven, passionate people guided by our values create amazing outcomes. Our “why” is refreshingly simple - we exist to create positive lasting memories in everything we do. We solve problems. We make things work smoothly. We create opportunities. How we achieve our “why” is by cultivating a culture through learning, teaching and living our values.
As a Strategic Sourcing Manager you will be responsible for supporting and executing the WD-40 Company Strategic Sourcing Process through all phases of category strategy; development, contract award, and supplier relationship management in regard to key spend categories.
This role will identify key cost drivers for key spend categories and ultimately achieve cost savings and supply chain efficiencies through executing initiatives to support the EIMEA gross profit margin and EBITDA goals. Developing relevant category strategies and processes that ensure component, raw material, and third-party filler finished goods costs are competitive against the market, contract deliverables are met, risk is minimized, and the supply base meets the needs of the business.
At WD-40 Company we foster a culture of inclusion where all individuals are recognized, valued, respected, and experience a sense of belonging. All qualified applicants will receive consideration for employment without regard to individual characteristics that make us unique such as our backgrounds, experiences, qualities, talents, traits, beliefs, and preferences.
What You’ll Be Doing
* Prepare annual Spend Analysis to identify key cost elements and changes to strategic importance of each. Develop and make recommendations to the Head of Sourcing on opportunities/risk to supply base and categories.
* Understand and monitor current category market conditions/price trends through primary and secondary research (develop technologies, capabilities, product knowledge, and thorough understanding of supply/demand challenges).
* Develop detailed reports and present/socialize market outlook and financial impact to WD-40 Company EIMEA on a quarterly basis.
* Identify category strategic importance and develop strategies across key raw material, component, and contract manufacturing under the guidance of the Head of Sourcing. Present strategy updates to Senior Leadership on a quarterly basis to ensure alignment with business must-win battles and overall corporate goals.
* Provide strategic input and planning for functional risk management to include design, recommendation, implementation, documentation, and maintenance of risk management program that considers business continuity risk, financial statement risk, and other significant risks. Report findings as needed.
Sourcing
* Identify and develop alternative sources of supply, and oversee execution of sourcing exercises (RFI, RFP, RFQ) for key direct spend categories based on each defined strategy under the direction of the Head of Sourcing.
* Guide the selection and contract award to meet required quality, service, and cost metrics.
* Support the Head of Sourcing in negotiations.
* Responsible for building cross-functional relationships to ensure collaboration/buy-in to execute contract awards with suppliers to maximize benefits for the EIMEA trading bloc.
* Develop and implement supplier scorecards to assess capabilities, identify and implement continuous improvement initiatives, and ensure suppliers are meeting business needs and objectives.
* Lead cost management strategies including negotiation for best costs; NPV analyses; security of supply; continuous improvement; and technology advancements.
* Monitor and review direct spend supplier performance (cost, quality, and service) on a quarterly basis. Prepare and report periodic business reviews to Head of Sourcing.
* Implement relevant Sourcing initiatives to meet desired business goals/objectives as well as other initiatives to reduce Total Cost of Ownership (TCO), risks, services, and regulatory compliance.
* Establish a strong network and foster collaboration with suppliers, key stakeholders, and all internal WD-40 Company constituents in the development of new product and packaging.
Internal Control, Processes and Reporting
* Manage cost models for components and third-party fillers, including templates and procedures for direct sourcing.
* Manage cost estimates and material support used in determining SKU profitability on new SKU initiatives.
* Analyze and prepare annual budget assumptions for all COGS.
* Analyze and prepare quarterly forecast assumptions for all COGS.
* Support Product Commercialization with audit reports (SOX).
* Support Finance with filler cost initiatives.
* Support Supply Chain with the forecasting and ordering of concentrate raw materials.
* Data collection for global spend analysis.
* ESG supplier survey data collection and analysis.
Leadership
* Demonstrate servant leadership in the attainment of corporate, department and personal goals through developing and leading a highly effective team.
* Live the Company’s stated Values and Code of Conduct that others can emulate.
* Provide ongoing coaching/training, experiential learning, and talent development plans to optimize performance outcomes, growth, and engagement.
* Identify and provide necessary resources and information to overcome barriers to success and accomplish goals.
What You’ll Bring To The Role
* Experience with Microsoft Office applications, including advanced-level Excel skills.
* Strong experience in sourcing to include category strategy development work, RFI/RFP/RFQ process, negotiation, contract execution and communication of deliverables.
* Demonstrated exceptional organizational, attention to detail and multi-tasking skills with an emphasis on coordinating conflicting demands and priorities.
* Prioritizes and plans work activities.
* Experience with direct spend categories and contract manufacturing a plus.
Total Rewards
Our competitive and comprehensive benefits package provides you protection, security, and peace of mind. We offer life-enhancing health, wellness, and financial programs, including profit incentive rewards, healthcare, and generous pension contributions. In addition, we want you to recharge and take time off, so enjoy short-day Fridays, paid holidays, and an additional paid week off between Christmas and New Year to spend with family and friends!
About Us
Why You Should Apply
* A strong values-aligned organization where contributions are acknowledged and rewarded, and where 91% of our tribe experiences a sense of belonging.
* A learning-based culture where 85% of our tribemates believe they can achieve their career objectives.
* Over 91% employee engagement as of the January 2024 global employee survey results.
* 99% of our tribemates report that they “love to tell people that they work for WD-40 Company”!
Please, only consider employment with WD-40 Company if you feel as strongly about our values as we do: We live, breathe, and embody our values every day.
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