Sr Strategic Sourcing Specialist (Electronics/Electromechanical)-Hybrid (Finance)

Join a team recognized for leadership, innovation and diversity

Honeywell's ACST team is seeking a Sr. Strategic Sourcing Specialist with a main sourcing background in Electronics and Electromechanical commodities.

As a Sr. Strategic Sourcing Specialist here at Honeywell, you will play a critical role in driving the end-to-end cycle of strategic sourcing initiatives and supplier management. You will be responsible for establishing and executing sourcing strategies that are aligned with business leadership and achieve the lowest total cost, reduced working capital, and ensure supply continuity. You will also be responsible for conducting supplier evaluations, negotiating contracts, drafting statements of work, and managing supplier relationships. This role requires a strong understanding of procurement best practices, strong contracting experience, excellent negotiation skills, strategic thinking, and the ability to drive cost savings and process improvements.

In this role, you will impact the company by driving competitive commodity and category supply strategies, managing supplier performance, and ensuring compliance with company policies and procedures. You will also contribute to the growth and success of the business by identifying cost-saving opportunities, implementing value engineering initiatives, and eliminating sole / single sources.

The annual base salary for this position is $82,400 - $103,000. Please note that this salary information serves as a general guideline. Honeywell 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, key skills, as well as market and business considerations.

Benefits

In addition to a competitive salary, leading-edge work, and developing solutions side-by-side with dedicated experts in their fields, Honeywell employees are eligible for a comprehensive benefits package. This package includes employer subsidized Medical, Dental, Vision, and Life Insurance; Short-Term and Long-Term Disability; 401(k) match, Flexible Spending Accounts, Health Savings Accounts, EAP, and Educational Assistance; Parental Leave, Paid Time Off (for vacation, personal business, sick time, and parental leave), and 12 Paid Holidays.

For more information visit: Benefits at Honeywell

U.S. citizenship is required due to contractual requirements. Applicants must also be able to obtain and maintain a U.S. Government security clearance. Continued employment is contingent upon successful completion of security processing

The application period for the job is estimated to be 40 days from the job posting date; however, this may be shortened or extended depending on business needs and the availability of qualified candidates.As a Sr Strategic Sourcing Specialist here at Honeywell, you will develop and execute sourcing strategies to drive cost savings, improve supplier performance, and ensure supply chain continuity. Collaborate with stakeholders and manage supplier relationships. You'll work out of one our Broomfield, CO or Plymouth, MN location on a Hybrid work schedule.MUST HAVE

• Bachelors degree
• 4+ years of experience in Procurement, Supply Chain
• 3+ years working in or with sourcing and managing supplier relationships & deliverables
• 2+ years of complex global commodity leadership experience
• Strong experience in sourcing in an R&D environment
• Strong negotiation skills and processes
• Ability to independently lead sourcing projects
• Ability to manage multiple projects in a dynamic global environment

WE VALUE

• Direct contract negotiations/contract management experience(Terms and conditions that support a PO, Long term agreements, Liability, Warranty, Insurance, Indemnity, scope of work, etc)
• Project management experience ⁠
• Experience working and/or leading in team environments
• ⁠Experience with SAP
• ⁠Experience with Six Sigma and Lean Tools
• Demonstrated Business and Financial acumen
• Professional Certifications in Supply Chain/ Procurement/Contract Management
• Strong communication skills - verbal and written
• Excellent relationship management skills

ABOUT HONEYWELL

Honeywell International Inc. (NYSE: HON) invents and commercializes technologies that address some of the world's most critical challenges around energy, safety, security, air travel, productivity, and global urbanization. We are a leading software-industrial company committed to introducing state of the art technology solutions to improve efficiency, productivity, sustainability, and safety in high growth businesses in broad-based, attractive industrial end markets. Our products and solutions enable a safer, more comfortable, and more productive world, enhancing the quality of life of people around the globe.

THE BUSINESS UNIT

At Honeywell Advanced Connected Sustainability Technologies (ACST), our outstanding team of thinkers, innovators, and doers help make the future. We build environments and technologies that meet our customers' needs. The groundbreaking scientists, engineers, and professionals that make up our nimble group have the agility of a start-up backed with the power and investment of Honeywell.KEY RESPONSIBILITIES

• Drive and execute Annual and Strategic Plan with supporting strategies
• Develop and implement sourcing strategies to optimize contracting terms, cost, quality, and delivery performance
• Conduct market research and supplier evaluations to identify and onboard strategic suppliers
• Lead supplier negotiations and contract management to ensure favorable terms and conditions
• Drive continuous improvement initiatives to enhance supplier performance and supply chain efficiency
• Collaborate with cross-functional teams to align sourcing strategies with business objectives
• Monitor supplier performance and manage supplier relationships to mitigate risks and ensure compliance
• Right and fast execution of strategies to align with business growth and new product introductions
• Manage commodity strategies including spend analysis, benchmarking, cost, market analysis and global technology / economic trends
• Create and negotiate long-term contracts and project-based statements of work to ensure best combination of price, quality, and delivery
• Ensure relationship development and management with key supplier leadership
• Align with Sales, Marketing, Technology, Business, Operations, Finance and Quality and other Honeywell businesses
• Manage Supplier selection, RFQ and RFI process, Negotiation, Contracting and supplier performance processes
• Improve Working Capital through Payment Terms extensions, payment cycle optimization, and lead time reductions

About Us

Honeywell helps organizations solve the world's most complex challenges in automation, the future of aviation and energy transition. As a trusted partner, we provide actionable solutions and innovation through our Aerospace Technologies, Building Automation, Energy and Sustainability Solutions, and Industrial Automation business segments - powered by our Honeywell Forge software - that help make the world smarter, safer and more sustainable.