Hillenbrand · 3 months ago
New Product Development Sourcing Manager
Milacron is a global leader in the manufacture and distribution of engineered systems in the plastic technology industry. They are seeking a New Product Development Sourcing Manager to lead sourcing and procurement strategies for new product development, focusing on cost reduction and operational excellence across global supply networks.
Industrial AutomationManagement ConsultingManufacturing
Responsibilities
Develop and execute project sourcing strategies to support new product launches, capital investments, and process improvement initiatives
Partner with engineering, operations, and plant leadership to define sourcing requirements for raw materials, components, and services
Identify, evaluate, and qualify global suppliers to ensure capability, capacity, and compliance with quality and safety standards
Negotiate contracts, pricing agreements, and long-term partnerships to drive cost savings and mitigate risk
Partner with Strategic Category Managers to align new suppliers with global category strategies
Work with Supplier Development team to successfully onboard new suppliers and ensure they meet Milacron expectations
Manage supplier performance through KPIs, scorecards, and regular business reviews
Lead cross-functional sourcing initiatives to optimize cost, improve supplier innovation, and ensure on-time delivery
Monitor market trends, supply chain risks, and commodity pricing to develop proactive sourcing strategies
Support plant operations by resolving supplier-related issues, managing escalations, and ensuring business continuity
Champion sustainability and ethical sourcing practices aligned with corporate responsibility goals
Provide leadership and mentorship to sourcing team members (if applicable)
Qualification
Required
Bachelor's degree in Supply Chain Management, Business, Engineering, or related field (Master's preferred)
7+ years of procurement, sourcing, or supply chain management experience in a manufacturing environment
Strong negotiation, contract management, and supplier relationship management skills
Experience with global sourcing, supplier development, and risk mitigation
Knowledge of ERP/MRP systems and supply chain analytics tools
Excellent communication, project management, and cross-functional collaboration skills
Ability to work in a fast-paced environment with global stakeholders
Preferred
Professional certifications (CPSM, CPIM, PMP, or similar) a plus
Company
Hillenbrand
Hillenbrand is an industrial company that manufactures engineered, mission-critical processing equipment and systems.
Funding
Current Stage
Public CompanyTotal Funding
$500M2025-10-15Acquired
2024-02-07Post Ipo Debt· $500M
2008-03-28IPO
Recent News
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