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New Product Sourcing Engineer

Company: Stanley Black and Decker
Location: Huntersville
Posted on: May 3, 2021

Job Description:

Make A Difference For Those Who Make The WorldIt takes great people to achieve greatness. People with a sense of purpose and integrity. People with a relentless pursuit of excellence. People who care about making things better For Those Who Make The World. Sound like you? Join our top-notch team of 54,000+ professionals in 60 countries who are making their mark on some of the world's most beloved brands, including DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER, IRWIN, LENOX and more.The Stanley Black & Decker Global Strategic Sourcing team is our strategic sourcing organization focused on leveraging the company's scale to achieve the best possible price with the best possible quality; service and delivery among all categories of spend. In addition, the team maintains close alignment with the businesses to support overall strategies and drives to a best-in-class sourcing organization using Stanley Fulfillment System principles.What You'll DoThe Stanley Black & DeckerGlobal Strategic Sourcing grouphas an opportunity for anNew Product Sourcing Engineerwhich will bebased inHuntersville, NC.At Stanley Black & Decker, Innovation and New Product Developmentarekey strategic initiatives to grow the business and theNew Product Sourcing Engineerrole will play a vital part in delivering winning New Products in the market.The position will have responsibility for providing sourcing leadership for New Product Development in a crossfunctional team environment, which would include Supply Selection, Cost & Capital Management, RiskAssessment & Mitigation, Supplier Management throughout the Product Development and On-Going ProcessImprovements to speed Product Development. You'll get to: Provide overall Sourcing Leadership for New Products that will be designed in-house and manufactured in one of our many global manufacturing plants or purchased as finished goods from strategic supplier partners.Work in a cross functional team environment, working with Engineering, Advanced Manufacturing, Marketing, Supply Chain, Commodity Managers and Global Suppliers.Will share a common goal of developing and introducing New Products, On Quality, On Specification, On time and On CostDrive Supply Base Selection by ensuring consensus with Engineering, Manufacturing & Commodity Managers to meet the business needsAssess Supplier's Capability with similar parts analysis or through demonstrated process controls on key manufacturing processes.Develop Sourcing Plans that document Early Supplier Involvement, Supply Selection, Risk Mitigation Plans, Capacity Management and Supplier Ramp Up and ensure the plans are executed.Understanding Engineering specifications, how they translate into supplier capability requirements and how specifications can impact quality and costs.Conduct eRFQ's through Ariba (eRFQ system) to receive quotes. Also responsible for awarding business to Suppliers.Coordinate design reviews and lead communications with Engineering and Suppliers to assure products meet all technical, quality and performance requirements.Utilize Stanley Fulfillment System (SFS) principles in New Product Development to reduce Working CapitalNegotiate Component Cost, Tooling Costs, Minimum Order Quantity, Lead Times and Delivery Schedules with SuppliersPerform Make vs Buy analysis as needed and use Total Cost Ownership principles.Responsible for Material Cost tracking and reporting throughout the ProgramValidate supplier capacity & align critical component supply with program ramp schedulesCoordinate Purchase Order placement for tooling and components for sample builds.Assist component qualification through SQA-015 (Supplier Quality Assessment)Work with Manufacturing and Plant Sourcing to set up components in SAP (ERP system)Assist spend transition from Advanced Sourcing planning to sustainable planning with commodity management team.Who You Are You always strive to do a good job...but wouldn't it be great if you could do your job and do a world of good? You care about quality - at every level. You love to learn and grow and be acknowledged for your valuable contributions. You're not intimidated by innovation. In fact, you embrace it. You also have: Three years of direct material sourcing experience.Bachelors Degree in technical area, preferably an engineering degree.Ability to manage multiple projects across diverse commodities, suppliers, and business functions.Fully self-directed with leadership skills - drives for results.Excellent project management and organizational skills with attention to detail.Demonstrate excellent written and interpersonal communications skills.Ability to manage tasks and deadlines when facing ambiguous information and circumstances. Prior purchasing, manufacturing or product development experience preferred.Working knowledge of Product Development (Milestone) process and requirements for SQA-015 (Supplier Quality Assessment) preferred.Basic understanding of standard cost development, financial metrics, such as investment payback, gross sales margin, and how sourcing decisions can impact project finances.What You'll Receive You'll receive a competitive salary and a great benefits plan:Medical, dental, life, vision, wellness program, disability, 401(k), Employee Stock Purchase Plan, paid time off and tuition reimbursement.Discounts on Stanley Black & Decker tools and other partner programs.How You'll Feel We want our company to be a place you'll want to be - and stay. Being part of our team means you'll get to: Grow: Be part of our global company with 20+ brands to grow and develop your skills along multiple career paths.Learn: Have access to a wealth of learning resources, including our Lean Academy, Coursera and online university.Belong: Experience an awesome place to work, where we have mutual respect and a great appreciation for diversity, equity and inclusion.Give Back: Help us continue to make positive changes locally and globally through volunteerism, giving back and sustainable business practices.What's more, you'll get that pride that comes from empowering makers, doers, protectors and everyday heroes all over the world. We're more than the #1 tools and storage company and #2 security solutions provider, with a leading presence in engineered fastening. We're visionaries. Industry 4.0 innovators. As successful as we've been in the past, we have so much further to go. That's where you come in. Join us!#LI-SZ1All qualified applicants to Stanley Black & Decker are considered for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, veteran's status or any other protected characteristic. - provided by Dice

Keywords: Stanley Black and Decker, Huntersville , New Product Sourcing Engineer, Other , Huntersville, North Carolina

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