Strategic Sourcing Principal
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Establish and drive PMT Global Category Procurement in alignment with PMT business leadership for Instrument, Electrical and Analytical Equipment category as per Annual Operating Plan and Strategic Plan.
In this role, you will be reporting to the Director of Global Categories Performance Materials and Technologies (PMT).
This position is responsible for the development and execution of corporate xSBG categories and supplier strategies into PMT Project Business (UOP, Capital & HPS) globally that enables supplier rationalization, supply continuity risk mitigation, and migration of spend including NPI spend to preferred suppliers while delivering sustainable value including Pre & Post Award Productivity and Working capital improvement.
**You will lead supplier performance over $200M of Instrument, Electrical & Analytical Equipment spend globally, support Business Breakthrough Initiatives (BTI) and New Product Introductions (NPI) as required, build key business partnerships and while ensure compliance with company business policies and procedures.
**Key Responsibilities**:
**Acts as a Global PMT Procurement Leader for Sourcing & Procurement of Instrument, Electrical, Energy Storage and Analytical Equipment.
Develop and execute overall PMT Global Project Category Strategies leveraging best-in-class suppliers, processes and products to enable a competitive advantage to PMT Project Businesses & Capital Expenditures.
This role is responsible for equipment spend over $200M and expected Net Procurement Productivity Return greater than 10% and payables improvement over 100 days AWPOT, through sourcing strategies as - HGR sourcing, Supplier base expansion, Sole Source Elimination, Value Engineering.
Support achievement of PMT Project Procurement AOPs Targets.
Minimize the total costs of purchased goods and services by selecting the proper contracting strategies, contractually protecting Honeywell's intellectual and indemnity interest, enforcing contract compliance and using competitive practice.
Active participation in leadership meetings with SBG Project Engineering & Estimating leadership, which helps to drive strategic initiatives, early engagement & collaborative teamwork.
Partner with COE sourcing partners and PMT cross-functional stakeholders to ensure alignment and support of category strategy creation and execution
Support Technology and PMT BTI & NPI Sourcing during new business line and product development identifying and development new suppliers while leveraging preferred suppliers, supporting the launch schedule and target cost.
Right and Fast development and deployment of strategies and resources to align with business Growth and New Product Introductions.
Support integrations of Mergers and Acquisitions.
Develop and maintain required Price Book, Should-Cost / Vertical Product Benchmarking databases supporting Fast & Right Project Business & Capital Engineering FEED and Estimating effort.
Consolidate fragmented PMT Project Suppliers Spend, reduce the use of non-strategic suppliers, and move the procurement activities upstream in the lifecycle of a solution in order to bring greater value to Honeywell
Identify, select, approved, monitor and manage suppliers capable of providing solutions that meet established business requirements and follow the global commodity strategies
Facilitate engagement across PMT business units and functions to drive a singular approach to supplier management in assigned Static & Rotating commodity space
Negotiate and execute supply agreements with strategic suppliers to maximize benefit to Honeywell
Work with COE and PMT Project Procurement teams to achieve lowest total cost, continuous quality improvement, and on-time delivery, ensuring the commodity strategy exists across the enterprise and around the world.
**INCLUDES**:
- Leverage spends (volume) across Honeywell PMT to drive year-over-year savings
- Drive supplier rationalization to preferred / best-in-class suppliers, lead supplier business reviews and manage supplier relationship
- Complete and manage supplier contracts and multi-year agreements
- Optimize working capital for the organization
- Secure supply by partnering with suppliers and SBG stakeholders to support demand and business growth
- Improve overall operational service levels to the business
**YOU MUST HAVE
- Bachelor's degree in Supply Chain, Procur
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