Sr. Strategic Sourcing Specialist

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. A key aspect of this role will be managing and ensuring compliance with subcontract licenses for our projects. You will be responsible for evaluating and confirming the necessary licenses and permits required for subcontractors to perform their work, developing and implementing sourcing strategies, conducting supplier evaluations, negotiating contracts, drafting statements of work, and managing supplier relationships. This role requires a strong understanding of procurement best practices and contracting, excellent negotiation skills, and the ability to drive cost savings and process improvements.

In this role, you will impact the company by ensuring that all subcontractors have the necessary licenses and permits to perform their work, optimizing costs, quality, and delivery performance through strategic sourcing initiatives, driving supplier performance improvements, and ensuring compliance with procurement policies and procedures.

 KEY RESPONSIBILITIES

• Evaluate subcontractor license requirements for each project

• Develop and implement sourcing strategies to ensure license compliance, optimize costs, quality, and delivery performance

• Maintain accurate records of all license requirements and corresponding subcontractor licenses

• 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 efficiencies

• 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

• Drive and execute annual and strategic plan with supporting strategies

• 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 leaderships

• Align with Sales, Marketing, Technology, Business, Operations, Finance and Quality and other Honeywell businesses

• Manage supplier selection, RFQ and RFP process, negotiation, contracting and supplier performance processes

• Improve working capital through payment terms extensions and payment cycle optimization, vendor managed inventories inventory and lead time reductions

MUST HAVE

• Bachelor's degree

• 4+ years of experience in Procurement, Supply Chain, Business, or Finance

• Ability to independently assess and comprehend license and regulatory requirements

• Strong negotiation skills and processes

• Ability to independently lead sourcing projects

• Excellent organizational and communication skills

WE VALUE

• ⁠Strong experience in Sourcing

• 3+ years working in or with sourcing and managing supplier relationships & deliverables

• 2+ years of complex global commodity management leadership experience

• 3+ years of experience in license management or regulatory compliance

• Direct contract negotiations/contract management experience 

• Project management experience ⁠

• Experience working and/or leading in team environments

• ⁠Experience with Oracle, e-Sourcing platforms, Request for Quotation Tools, and Project Management Tools

• ⁠Experience with Six Sigma and Lean Tools

• Demonstrated business and financial acumen

• Professional Certifications in Project/Supply Chain/ Procurement/Contract Management

• Master’s degree

Honeywell is an equal opportunity employer. Qualified applicants will be considered without regard to age, race, creed, color, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, nationality, sex, religion, or veteran status.