Category Buyer Indirect Materials

Position Summary About ITT: ITT is a leading manufacturer of critical components for harsh environments that serves fast-growing end markets in flow, aerospace and defense, energy and transportation. Building on our heritage of innovation, we partner with our customers to deliver solutions to the key industries that underpin our modern way of life.Headquartered in Stamford, CT, we have more than 11,700 employees globally with operations in ~40 countries and sales in more than 125. At our core is our engineering DNA, with 1,280+ engineers, 1,700+ active global patents and ~51 manufacturing locations. Our businesses are organized in three distinct segments, each based around our core engineering DNA: Industrial Process: A global leader in centrifugal and twin-screw pumps and engineered valves for chemical, energy, mining, and industrial applications. Our leading brands include the iconicGoulds Pumps (with more than 175 years of history),Bornemann, Habonim, Engineered Valves, Rheinhütte Pumpen andSvanehøj. Motion Technologies: A global leader in brake pads (ICE and electrified brake pads) and shock absorbers (energy absorption solutions) for transportation applications. Our leading brands includeFriction Technologies, KONI andAxtone. Connect and Control Technologies: A leader in critical applications for the aerospace, defense and industrial markets, including harsh environment connectors and control components. Our leading brands includeITT Cannon, Enidine, Aerospace Controls andkSARIA. What is your role? We are looking for a commodity buyer for our manufacturing plants of Friction Technologies. Your job duties include cultivating relationships with the supplier, negotiating contracts, finding new commodity sources and developing new practices for increasing the efficient delivery of commodities. Qualifications for this position include a bachelor’s degree in business or logistic or related disciplines, experience or strong familiarity with global supply chains and skills in negotiating and prioritizing. You may be assigned to ensure the quality of a commodity before purchase, so the availability to travel for work is also essential. Essential Responsibilities Key responsibilities: Review and negotiate purchase and supply conditions for Local Indirect Materials suppliers Benchmarking studies to control supplier performance and identify cost reduction opportunities. Issue and monitor RFQ´s for Indirect Purchasing, provide RFQ and Benchmark results to associated requester and maintain corresponding contracts and supplier data in the respective system and support the investment activities" Responsible for assigned Category and its corresponding supplier base. Define and implement category / sub-category strategy. Review supplier base, define robust preferred supplier base, reduce number of suppliers and bundle business accordingly. Follow overall SM Saving and Cost Avoidance targets, benchmark responsible category spend frequently, identify potentials, lead supplier negotiations and implement potentials accordingly. Ensure data transparency and high data quality in all Friction Purchasing used systems (e.g. SAP). Follow ITT Procedures (e.g. Sourcing Approval), work and cooperate closely with Local Indirect Purchasing teams and ensure compliance across all Purchasing activities. Improve and implement standardization for assigned category (standard documents used by all Friction affiliates). Contract Management - ensure transparency in regards to all contracts, reviewing terms and validities frequently. Execution and documentation of price and contract negotiations; supporting conclusion of framework agreements. Continuously maintain and track selected purchasing key performance indicators (e.g. savings, purchase & supply conditions, market economics and commodity spend details) Frequent reporting of Supply Management related tasks by conducting regular project review and Roadmap meetings. Periodically reporting of cost saving status and achieved cost improvement performance by using the established Supply Management templates and tools. Systematically contribute to the overall achievement of all assigned Indirect Purchasing KPI's such as Cost Saving Status,