Strategic Sourcing Group Intern - Summer 2023

Company: ITW
Location: Elgin
Posted on: January 21, 2023

Job Description:

Founded in 1912, ITW is a fortune 250, global industrial company centered on a differentiated and proprietary business model. The companys seven industry leading segments leverage the ITW Business Model to generate solid growth with best-in-class margins and returns in markets where highly innovative, customer focused solutions are required. ITWs 50,000+ dedicated colleagues around the world thrive in our decentralized, entrepreneurial culture.Some ITW Divisions and Products you may have heard of:

• Hi-Cone: Packaging systems for beer and soft drinks
• ITW Deltar: Capless refueling system, which created a new standard in auto manufacturing.
• Rain-X: Windshield Wipers, Glass Cleaners, Car Washes, etc.Key tasks may include:
  • Develop basic understanding of assigned commodities: current market conditions, key cost drivers, global supply base, and industry terminology, as it relates to creating competitive purchasing programs for ITW companies.
  • Conduct broad market research to identify world class suppliers for the different commodities to be sourced.
  • Identify sourcing opportunities to drive savings and cost avoidance via spend analysis, stakeholder interviews, and market trends.
  • Quantify the benefits of sourcing initiatives including the expected savings and baseline spend.
  • Influencing key stakeholders on strategy initiatives.
  • Partner across the organization to improve financial results related to sourcing activities.
  • Utilize project management skills to create timeline, set milestones, measure progress, and report findings to team.
  • Work as part of a cross-functional team that includes members from other Corporate ITW teams such as Spend Management and Trade Compliance.
  • Rising Junior or Senior year in college student pursuing degree in Business Administration, Supply Chain, or Engineering. Minimum GPA 3.0. Recent graduates also considered.
  • Strong MS Excel skills, including V-lookup, H-lookup and indexing functions, pivot tables and graphs. Proficient in Microsoft Word and PowerPoint.
  • Strong communication skills and ability to work on cross-functional team.
  • Resourceful and able to work independently.
  • Must be detail-oriented and able to cleanse large sets of data (identifying mistakes in address field assignments, etc.).
  • Present your accomplishments, lessons learned, and insights in briefings to Strategic Sourcing leaders.
  • This internship is approximately 40 hours per week for 12 weeks, with flexible start and end dates within the range of May-September.*ITW is not currently hiring individuals for this position who now or in the future require sponsorship for employment visa statusIllinois Tool Works Inc. (ITW or the Company) is an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, sex, gender identity, sexual orientation, religion, national origin, age, disability, protected Veteran status or any other characteristic protected by applicable federal, state, or local laws.If you are a qualified individual with a disability and are unable or limited in your ability to use or access the online application system process due to your disability, please email corp_accessibility@itw.com to request assistance. No other requests will be acknowledged.ITW is an equal opportunity employer. We value our colleagues unique perspectives, experiences and ideas and create workplaces where everyone can develop their careers and perform to their full potential. As an equal employment opportunity employer, ITW is committed to equal employment opportunity and fair treatment for employees, beginning with the hiring process and continuing through all aspects of the employment relationship. _All qualified applicants will receive consideration for employment without regard to race, color, sex, gender identity, sexual orientation, religion, national origin, age, disability, protected Veteran status or any other characteristic protected by applicable federal, state, or local laws. _ITW is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.

Keywords: ITW, Elgin , Strategic Sourcing Group Intern - Summer 2023, Other , Elgin, Illinois