Sourcing Manager- New Product Introduction (Finance)

Join TK Elevator as a Sourcing Manager in Atlanta, GA, and drive strategic sourcing to enhance safety and innovation—apply now!The first 3 letters in workplace safety are Y-O-U!

TK Elevator is currently seeking an experienced Sourcing Manager- New Product Introduction located in Atlanta, GA.

This position is responsible for strategy development, execution, leading strategic sourcing events, and negotiating acceptable terms and conditions with suppliers according to TK Elevator's approved processes to mitigate risk. This role collaborates with the wider PSM team to drive spend compliance into established supply chain strategies to maximize Return On Investment (ROI) on shared categories of spend.

ESSENTIAL JOB FUNCTIONS

• Lead and develop sourcing, category, and procurement strategies for mechanical and electrical categories, including but not limited to cost reduction initiatives, on-time delivery, quality improvements, supplier performance, and supplier consolidation/rationalization to support manufacturing and field operations.
• Understand total spend, pricing structures, commercial terms, and trends for raw materials, purchased finished products, and manufactured assemblies, with a particular focus on market dynamics and supply chain.
• Develop strategic electrical and mechanical category roadmaps, identifying and developing new suppliers for potential savings capture and new product development opportunities.
• Review electrical and mechanical assembly BOMs, technical drawings, and engineering specifications to make strategic sourcing decisions and provide manufacturing readiness feedback.
• Develop risk mitigation measures to combat continuous supply constraints.
• Monitor overall supplier performance within assigned categories, developing and implementing corrective action and recovery plans in collaboration with Supplier Quality and Engineering.
• Lead Supplier Relationship Management (SRM) activities for electrical and mechanical categories, including managing current year savings and developing multi-year savings pipelines.
• Conduct and assess RFQs/RFPs/RFIs, negotiations, supplier evaluations, and determine supplier selection for Electrical and Electronics categories.
• Support End of Life products and various workstreams by developing and executing strategies to sustain operations and revenue expectations.
• Identify, evaluate, and onboard new suppliers for NPI projects, ensuring they meet quality, cost, and delivery requirements.
• Develop and maintain strong relationships with suppliers to support new product launches.
• Develop and implement risk mitigation strategies to address potential supply chain disruptions, ensuring a reliable supply of materials for new product development.
• Collaborate with internal stakeholders, including Engineering, Product Management, Project Management, Quality, and Finance, to align sourcing strategies with NPI project goals.
• Drive cost reduction initiatives through strategic negotiations and supplier management.
• Identify and implement process improvements to enhance efficiency and effectiveness in the NPI sourcing process.
• Advocate for the sourcing function within the organization, ensuring alignment with business units and operational partners to support core business objectives.