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Sourcing Intern

IDEX Corporation
Posted 5 months ago, valid for 15 days
Location

Linthicum Heights, MD 21090, US

Salary

$30,000 - $36,000 per year

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Contract type

Full Time

Paid Time Off

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Sonic Summary

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  • IDEX is seeking candidates majoring or minoring in Supply Chain Management, preferably at the sophomore level or higher, to join their Strategic Sourcing team.
  • The role involves managing 1-3 projects aimed at improving supplier performance and cost savings, with a goal of saving $50K per project.
  • Candidates will collaborate with various internal teams and suppliers, gaining hands-on experience in negotiation and market analysis.
  • The compensation range for this position is $41,400.00 - $62,200.00, based on experience, and may include a performance-based bonus plan.
  • IDEX offers a comprehensive benefits package including health benefits, a 401(k) retirement savings program, and paid time off.

If you’re looking for a special place to build or grow your career, you’ve found it. Whether you’re an experienced professional, a recent college graduate or somewhere in between, IDEX is a place where you can apply your existing skills and learn new ones in an environment where you can make an impact.

With interesting opportunities in engineering, marketing, sales, supply chain, operations, HR, finance, and more across more than 40 diverse businesses around the globe, chances are, we have something special for you.

BASIC FUNCTIONS:

Learn various aspects of the procurement function by working on the Strategic Sourcing team alongside Commodity Managers, Quality Engineers, and Materials Management team.  Provide day-to-day support of existing team members as well as take ownership of specific projects designed to achieve supplier cost, quality, and delivery improvements.  Collaborate with other functions of the organization including Engineering, Operations, Finance, and Sales to achieve objectives.

Candidate will learn about the sourcing process at Gast and will be working face to face with our suppliers on pricing models, negotiations and providing sourcing recommendations.  Taking a pro-active, skilled approach to project management is essential.  A desire to work in manufacturing is a plus.

           

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Take lead role managing 1-3 projects that are designed to drive material productivity, improve supplier delivery performance, and reduce quality non-conformances.  Potential projects may include:
    • Projects will be focused on a commodity. Goal to save $50K.
    • Collaborate internally and externally to manage projects
    • Supplier market test and negotiation
    • Cost driver benchmarking study
  • Provide day-to-day support for the Strategic Sourcing / Materials team:
    • Work with commodity manager to manage the  RFQ process
    • Work with suppliers to close out quality non-conformances
    • Perform market analysis to support strategic negotiations with key suppliers
    • Shadow team members during local supplier visits
    • Review, update and implement WIP Kanban process by working closely with the materials team to drive efficient material flow through the plant
    • Support Materials and Logistics team for various projects

PHYSICAL/MENTAL/ENVIRONMENTAL REQUIREMENTS:

  • Strong drive for results; manage multiple tasks and priorities simultaneously; excellent verbal and written communication skills; fast learner to new concepts, natural curiosity and willingness to ask questions; proficient in basic Microsoft Office applications, mainly excel formulas and functions; able to travel domestically for 1-2 days at a time.  Able to collaborate and coordinate meetings with various groups or people.

EDUCATION AND EXPERIENCE REQUIREMENTS OR EQUIVALENCIES:

  • Sophomore year or higher, majoring or minoring in Supply Chain Management.

The intent of this job description is to provide a representative summary of the essential duties and responsibilities performed by incumbents of this job.  Incumbents may be requested to perform job related tasks other than those specifically presented.

Are you ready to join a different kind of company where our people, our culture, and our commitments are centered around providing trusted solutions that improve lives around the world?

Total Rewards

The compensation range for this position is $41,400.00 - $62,200.00, depending on experience. This position may be eligible for performance based bonus plan.

Benefits Package

Our comprehensive U.S. benefit offerings include: Health benefits, 401(k) retirement savings program with company match, PTO, and more. More information on our benefits and rewards can be found on our career page: https://www.idexcorp.com/careers/our-benefits-and-rewards/

IDEX is an Equal Opportunity Employer. IDEX gives consideration for employment to qualified applicants without regard to race, color, religion, creed, genetic information, sex, sexual orientation, gender identity or expression, marital status, age, national origin, disability, protected veteran status, or any other consideration or protected category made unlawful by federal, state or local laws.

Attention Applicants:  If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process, please let us know. Likewise, if you are limited in the ability to access or use this online application process and need an alternative method for applying, we will determine an alternate way for you to apply. Please contact our Talent Acquisition Team at lfcareers@idexcorp.com for assistance with an accommodation. These contact tools may be used only by individuals with a disability for accommodation requests. Do not inquire as to the status of an application.




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