Job Description:
Since its founding more than 100 years ago, ITW has become one of the world’s leading diversified manufacturers of specialized industrial equipment, consumables, and related service businesses. We place a high premium on developing innovative solutions–most of which are developed in tandem with our customers. And we continue to ensure that our customers receive timely, cost-effective service for our innovative products.
ITW’s differentiated business model comprises unique core capabilities: our proprietary 80/20 business process, customer-back innovation, and our well-known decentralized entrepreneurial culture. These capabilities are unmistakably ITW—and key to our longevity and strong performance.
ITW’s products and solutions are at work all over the world, in deep-sea oil rigs, aerospace technology, bridges and wind turbines, healthcare, the spaces in which we live and work, the cars we drive, and the mobile devices we rely on. We are never, whether we know it or not, more than a few steps from an innovative ITW solution.
Today, ITW (NYSE: ITW) employs 46,000 people with operations in 51 countries with headquarters in Glenview, IL. Our campus includes a fitness center at no cost to the employees, cafeteria, outdoor volleyball courts, walking trails around the facility, employee resource groups, corporate discounts, dry cleaning services, covered/outdoor parking, and much more. We are just a block away from the nearest Metra station, and it is a quick 20-minute train ride to downtown Chicago, museums, lakefront, and other activities.
More details on our benefits can be found on our website at https://www.itw.com/careers/benefits-compensation/
The Sourcing Analyst for Strategic Sourcing will manage sourcing initiatives related to ITW’s Global Chemicals Spend. This position will be onsite in the headquarters office in the Chicago suburbs, and contributes to the creation of sourcing strategies for critical cross-segment spend and defining actionable steps that provide value to the enterprise.
This role is a great career development opportunity for candidates who have a science or engineering background and would like to develop marketing research and business strategy skills. The Sr. Analyst will conduct broad market research and engage the supply chain ranging from world-class manufacturers to channel partners on a range of chemical commodities and derivatives. The Sr. analyst will assess market price drivers and trends for each product category. The Sr. analyst will also develop category strategy and support business implementation. Other responsibilities include Risk Mitigation Assessments, Cost Modeling, Contract Negotiation, Sustainability and Diversity efforts. Knowledge & experience in chemicals, chemical engineering, materials science & engineering, and/or polymer science will benefit the performance of the individual in this role.
Key Deliverables
Project Execution & Strategy ImplementationChemical category and market assessmentAccurate Category TaxonomiesManage Request for Quote (RFQ)/ competitive bidding processContract NegotiationMarket Trend and Pricing Analysis
Job Requirements
Additional Information:
*ITW 's Sourcing Department is not currently hiring individuals for this position who now or in the future require sponsorship for employment visa status .
Compensation Information:
The compensation package for the role offers a competitive base salary ranging from $87K - $95K annually.
ITW considers various factors when extending an offer, including but not limited to the scope and responsibilities of the position, the candidate's work experience, education and training, geographic location, key skills, as well as market and business considerations.
In addition to a competitive salary, ITW employees in the U.S. are eligible for a comprehensive benefits package. This package includes medical, dental, vision, disability and life insurance programs. We also provide a 401k plan with both a company match and additional employer contribution, Flexible Spending Accounts, Health Savings Accounts, Employee Assistance Program, Commuter benefits, Adoption Assistance, and Educational Assistance; Parental Leave, vacation, sick time, and 11 Paid Holidays.