Director, Procurement - Raw Materials & Commodities

Company: Carpenter Technology
Location: Reading
Posted on: January 26, 2023

Job Description:

Carpenter Technology Corporation is a leading producer and distributor of premium specialty alloys, including titanium alloys, nickel and cobalt based superalloys, stainless steels, alloy steels and tool steels.-- Carpenter Technology's high-performance materials and advanced process solutions are an integral part of critical applications used within the aerospace, transportation, medical and energy markets, among other markets.-- Building on its history of innovation, Carpenter Technology's wrought and powder technology capabilities support a range of next-generation products and manufacturing techniques, including novel magnetic materials and additive manufacturing.---- --DIRECTOR OF PROCUREMENT - Raw Materials and CommoditiesLocation:-- Reading, PAPOSITION SUMMARY:---- Director of Procurement needed to develop and execute competitive global sourcing strategies within the raw materials (alloys and scrap), bulk gas (Argon, Nitrogen, Oxygen) and commodity category.-- The broad scope of the role includes building strategic relationships and executing risk management strategies for commodities, including Nickel, Cobalt, Titanium, Natural Gas and Electricity to mitigate risk within the supply chain, manage market volatility and ensure margin attainment.PRIMARY RESPONSIBILITIES FOR THIS POSITION:

• Align Carpenter sourcing strategies with global and local sourcing objectives and deliver against targets for financial performance, quality, service, and compliance
• Build strategic relationships to ensure close alignment with the business team and supply base to accomplish financial and growth initiatives
• Execute risk management strategies for strategic commodities including Nickel, Cobalt, Titanium, Natural Gas and Electricity to mitigate risk within the supply chain, manage market volatility and ensure margin attainment
• Serve as a strategic advisor to Operations, Quality, Regulatory, Commercial Business Units, Finance on Raw Material and Commodities Markets
• Monitor macro-economic conditions, supply plan outlook and competitive intelligence to develop hedging strategies to cover market exposure across all commodities
• Analyze supply base, category market conditions, stakeholder requirements, pricing/market trends and competitive benchmarking to determine appropriate sourcing strategy
• Facilitate hedging strategy discussions with Director of Global Procurement, CFO, Treasury, and other cross-functional leads as required to communicate risks, coverage, and commodity positions and targets
• Deliver the category management operating model within spend category including strategic sourcing, process improvement, risk management, supplier performance management and continuous cost and performance improvement
• Execute Annual and Strategic Procurement Plans to deliver cost of good budgets within stated annual goals and PPV targets
• Develop and implement cost savings/value-creation projects across raw material category and commodities
• Lead cross functional teams and manage supply chain goals improving value-to-cost relationship by focusing on total cost of ownership, quality, delivery, service to achieve cost reduction initiatives
• Establish and evaluate performance dashboards/KPIs/metrics for raw material and commodities category
• Structure, negotiate, and manage supply agreements with supply partners including complex long-term strategic agreements, short-term requirements-based agreements and fixed price or index supply agreements
• Influence relevant businesses functions throughout the organization to achieve contribution to profit, growth, and competitive advantage utilizing best in class procurement principals
• Implement formal benchmarking methods to determine best in class processes and drive operational efficiencies aligned with emerging industry practices
• Lead Supplier Performance Management within spend category including business reviews, supplier scorecards, continuous improvement initiatives, and contract compliance
• Drive compliance with quality standards, AS9100 Quality Management System and Conflict Mineral laws
• Lead, motivate, and develop employees within the Procurement organization
• Support Carpenter Technology's Business Transformation (BTE) initiatives including procurement business process design, gap analysis, and change management plan
• Proactively engage, influence, and collaborate with the Finance, Supply Chain, Quality, R&D, Legal and Operations teams to ensure alignment on business objectives and project plans
• Manage the source-to-pay process to support manufacturing operations across the organization to ensure standardization and Best-In-Class practices are implemented
• Ensure compliance with Carpenter purchasing policies and procedures, business code of conduct, ethical practices and adherence to relevant laws and regulations
• Perform all other duties and special projects as assignedREQUIREMENTS FOR THIS POSITION
  • Bachelor's degree in Business, Procurement, Supply Chain, Engineering, Metallurgy, or related field
  • Ten+ years' experience in procurement, commodity risk management, supply chain and global strategic sourcing
  • Demonstrated knowledge of procurement systems, processes, and procedures
  • Experience in a multi-site manufacturing environment within North America and globally
  • Working knowledge of MRP/ERP systems (SAP preferred) and Digital Procurement Platforms
  • Proven excellence in contract negotiation, contract management, conflict resolution
  • Proficiency with the Microsoft Office SuitePREFERRED FOR THIS POSITION
    • Proven commodity management expertise with Nickel, Cobalt, Titanium, Natural Gas and Electricity commodities strongly preferred
    • Knowledge of AS9100 Quality Management System and Conflict Minerals Compliance
    • Professional Certification (C.P.M., CPSM)
    • Experience driving business continuity and supply chain risk mitigation strategies
    • Track record of delivering year on year cost savings and continuous improvement initiatives
    • Knowledge of best sourcing management techniques, practices, and strategies, including strategic sourcing, fact-based negotiation, supply market analysis, supplier relationship development, and global sourcing
    • Experience supporting the S&OP process and ability to present supply/demand market conditions to Executive team and cross functional Senior Leaders
    • Demonstrated project management and execution skills with ability to manage multiple large complex projects with competing priorities and timelines
    • Effective and demonstrated collaboration skills and ability to lead cross functional teams
    • Problem solver skilled at implementing process efficiencies and innovative solutions
    • Ability to influence stakeholders at mid to senior levels across the organization and develop relationships with strategic suppliers
    • Strong organizational skills, including the ability to plan, implement, and execute procurement strategies
    • Strong analytical skills with a deep understanding of financial analysis, the ability to quickly analyze data, as well as extrapolate and communicate business insightsCarpenter Technology Company offers a competitive salary and a comprehensive benefits package including life, medical, dental, vision, flexible spending accounts, disability coverage, 401k with company contributions as well as many other options to employees.Carpenter Technology Corporation's policy is to fully and effectively maintain a program of equal employment opportunity and nondiscrimination for all employees, to employ affirmative action for all protected classes, and to recruit and develop the best qualified persons available regardless of age, race, color, religion, sex, gender identity, sexual orientation, marital status, national origin, political affiliation or any other characteristic protected by law. The Company also will recruit, develop and provide opportunities for qualified persons with disabilities and protected veterans.

Keywords: Carpenter Technology, Reading , Director, Procurement - Raw Materials & Commodities, Professions , Reading, Pennsylvania