• Serves our customers (Operations, Engineering, Finance, Sales, and End Customers) and assures cost-competitive continuity of supply for existing parts and services as well as new product development and introduction.
• Develop, negotiate, and administer contracts for key suppliers; manage supplier base.
• Develop commodity strategies based on DFS volumes, Dover volumes, or volumes of future acquisitions.
• Identify areas of risk within the supply chain; implement appropriate mitigation measures.
• Maintain knowledge of market industry trends within the area of expertise and communicate the potential impact on business.
• Monitor changes affecting supply and demand; track market conditions, price trends, and futures markets.
• Monitor supplier market characteristics regularly; identify opportunities resulting from market shifts and take advantage of such shifts.
• Work with all functions and users to ensure internal customer needs are met.
• Manage supplier performance (quality, delivery, total cost).
• Maintain overall supplier relationships and establish annual cost-out, quality, and on-time delivery targets with key suppliers. Provide regular performance feedback to suppliers, as well as quality business reviews (QBRs), and drive corrective actions as required.
• Enforce terms and conditions of purchase orders and other agreements and compliance with legal requirements and Company policy. Make sure parts are set up properly, supplier master, etc., and in the ERP system.
• Resolve nonconformance issues, back-charges, and claims in a timely manner to minimize the Company’s exposure.
• Develop supplier spending reports to identify targeted improvements and leverage value for the company.
• Seeks opportunities to expand diverse supplier spend.
• Lead Continuous Improvement events with suppliers; improve total cost of ownership.
• Manage cost and assets (cost, productivity, inventory).
• Implement sourcing design changes to improve reliability in operations and reductions in costs.
• Work with operations and business teams to design optimal source points and shipping arrangements.
• Operate on a daily basis to meet reliability objectives for customer supply.
• Works with the Operations team to maximize value across the supply chain and drive a culture of continual improvement.