Summary
The Procurement Specialist is responsible for leading initiatives aimed at enhancing our global supply chain in alignment with Global Supply Management (GSM) strategies. This role necessitates comprehensive oversight of procurement processes and close collaboration with key stakeholders and corporate functions to ensure the effective execution of sourcing operations. The Procurement Specialist will also mentor a team of Buyers, providing constructive feedback, guidance, and problem-solving opportunities.
In addition, the Procurement Specialist will oversee subcontracting and purchasing functions, establish contract management standards and operational controls, monitor contract activities, and implement innovative strategies to improve productivity and working capital in accordance with customer needs and GSM objectives.
As a vital member of the Global Supply Management (GSM) Team, the Procurement Specialist will play a crucial role in vendor identification, supply qualification, contract negotiation, and the development of a robust global supply chain. This position involves collaboration with international vendors to support a global operational footprint within a corporate environment.
Key Duties and Responsibilities
Responsibilities include, but are not limited to:
- Lead sourcing and purchasing processes, ensuring alignment with organizational objectives, regulatory requirements, and industry best practices.
- Develop and implement strategies to optimize sourcing, contracting, and procurement activities, enhancing productivity, process efficiency, and supplier performance.
- Establish governance frameworks and performance metrics to monitor contract compliance, spend management, and procurement effectiveness.
- Introduce innovative ideas to achieve desired business outcomes and monitor progress through key performance indicators (KPIs).
- Support the Procurement Leader with tasks necessary to meet Global Supply Management (GSM) objectives.
- Issue purchase orders, confirm acknowledged dates, and maintain open purchase orders to ensure accurate delivery dates and quantities while maintaining optimal inventory levels.
- Provide leadership to Strategic Buyers to maintain optimal inventory levels.
- Support Global Working Capital Improvement initiatives and assist Global Materials Management (GMM) in executing the inventory management plan.
- Collaborate with cross-functional teams to ensure seamless execution of Source-to-Contract (S2C) and Procure-to-Pay (P2P) processes.
- Drive innovation within the procurement function by leveraging technology and process improvements.
- Plan and manage the effective handling of purchased custom components, supporting corporate targets for customer on-time delivery, working capital, and productivity.
- Collaborate with corporate procurement network commodity experts and regional procurement specialists globally to develop and qualify the best cost strategy for materials in your portfolio.
- Work with operations and design teams to qualify new materials and identify and develop new vendors to achieve productivity savings.
- Ensure compliance with sustainability and trade control requirements in collaboration with suppliers.
- Adhere to Health and Safety Regulations and ensure compliance with ISO guidelines.
- Complete miscellaneous duties and tasks as assigned.
- Advise the Manager on any areas of concern, seeking guidance as needed.
Preferred Qualifications
- Advanced degree in Business, Finance, or a related field.
- Minimum 5 years experience in Procurement and/or Supply Chain
- Professional certification in procurement, supply chain management, or Project Management Professional (PMP).
- Certification in operational improvement methodologies or experience applying such methodologies (Lean, Six Sigma).
- Experience with digital transformation in procurement.
- Experience in a multinational corporation or global business environment.
- Ability to analyze operational tactics while engaging with overarching strategies.
- Strong interpersonal skills to effectively interact and influence teams, executives, and cross-functional groups.
- Creative problem solver with a proactive approach, balancing structure with the need for agility and innovation.
- Excellent verbal and written communication skills, capable of distilling complex concepts into actionable recommendations.
- LI-AR3
- LI-HYBRID
Who we are:
Mold-Masters is a global leader in the plastics industry. We design, manufacture, distribute, sell and service highly engineered and customized plastic processing equipment and systems. Our hot runners, temperature controllers, auxiliary injection and co-injection systems are utilized by customers of all sizes in every industry, from small local manufacturers to large worldwide OEM manufacturers of the most widely recognized brands. Over the course of our 50+ year history, we've built our reputation on delivering the best performance through our broad range of innovative technologies that optimize production to enhance molded part quality, increase productivity and lower part cost. Unlock your operations' full potential with Mold-Masters. Mold-Masters is an Operating Company of Hillenbrand.
Hillenbrand (NYSE: HI) is a global industrial company that provides highly-engineered, mission-critical processing equipment and solutions to customers in over 100 countries around the world. Our portfolio is composed of leading industrial brands that serve large, attractive end markets, including durable plastics, food, and recycling. Guided by our Purpose — Shape What Matters For Tomorrow™ — we pursue excellence, collaboration, and innovation to consistently shape solutions that best serve our associates, customers, communities, and other stakeholders. To learn more, visit: www.Hillenbrand.com.
EEO: The policy of Hillenbrand Inc. is to extend opportunities to qualified applicants and employees on an equal basis regardless of an individual's age, race, color, sex, religion, national origin, disability, sexual orientation, gender identity/expression or veteran status. Additionally, Hillenbrand Inc. and our operating companies are committed to being an Equal Employment Opportunity (EEO) Employer and offers opportunities to all job seekers including individuals with disabilities. If you need a reasonable accommodation to assist with your job search or application for employment, email us at [email protected] . In your email, please include a description of the specific accommodation you are requesting as well as the job title and requisition number of the position for which you are applying. At Hillenbrand, everyone is welcome to apply and "Shape What Matters for Tomorrow".
What We Do
Hillenbrand (NYSE: HI) is a global industrial company that provides highly-engineered, mission-critical processing equipment and solutions to customers in over 100 countries around the world. Our portfolio is composed of leading industrial brands that serve large, attractive end markets, including durable plastics, food, and recycling. Guided by our Purpose — Shape What Matters For Tomorrow™ — we pursue excellence, collaboration, and innovation to consistently shape solutions that best serve our associates, customers, communities, and other stakeholders.
