Senior Sourcing Manager, Mechanical Components

Work Model: You’ll work in a hybrid model, onsite at your designated Regal Rexnord location at least 3 days per week (Monday–Thursday), with flexibility to work remotely up to 2 days, including Friday. ____________________ Position: Senior Sourcing Manager, Mechanical Components Reports To: VP, Supply Chain Region Location: Milwaukee, Wisconsin (HQ) - OR - Rosemont, IL Travel: Up to 20% Language: English Target Compensation: $130,000 - $168,000 per year The salary range provided is intended to display the value of the company's base pay compensation for this position. Salary is dependent on a multitude of factors, including but not limited to the physical worksite location, the geographic market of that location, candidate's skill set, level of experience, education and internal peer compensation comparisons among other potential factors. Position Summary The Senior Sourcing Manager – Mechanical Components leads a team with strategic ownership of global mechanical components, including machined, stamped, and cast categories. This role establishes and drives global category strategy by aligning closely with segment and regional sourcing teams, while partnering with product leadership, operations, and other key stakeholders. Together, these cross-functional teams develop and execute strategies that deliver value, enhance efficiency, and support long-term supply chain resilience and sustainability. If you bring a blend of technical expertise and strategic sourcing leadership—and are energized by building world-class supplier partnerships—this is a unique opportunity to shape a global category and deliver meaningful enterprise impact. Key Responsibilities Develops talent and strengthens organizational capability for strategically managing machined categories by coaching, mentoring, and upskilling team members to support effective category strategy and execution. Plans, organizes, directs, and communicates all strategic sourcing activities for assigned commodities and services, collaborating closely with cross‑functional partners in supply chain, engineering, technical support, and operations. Conducts brainstorming and problem‑solving sessions at facilities with cross‑functional groups to identify strategic opportunities and prioritize deployment of cost‑saving initiatives. Provides oversight, guidance, and direction to sourcing and project managers to ensure effective deployment of strategic projects with both internal and external stakeholders. Collaborates with global and regional supply teams to identify, assess, and qualify strategic suppliers that align with category and business objectives. Partners with global facilities to build regional and global material cost‑savings funnels aligned with corporate strategies and financial targets. Leads comprehensive spend analysis, developing countermeasures for projects that fall short of plan and making data‑driven decisions to resolve issues and ensure teams meet or exceed financial targets. Develop and deliver category strategies that advance strategic sourcing initiatives, drive year‑over‑year cost savings, and support long‑term value creation. Proactively evaluates internal and external process improvement opportunities, leading and influencing meaningful changes to drive innovation and continuous improvement. Partners with Regal Rexnord business segments to prepare Requests for Proposals (RFPs) and oversees the screening and supplier selection process. Negotiates and manages supplier contracts, including payment terms, delivery schedules, pricing, freight terms, currency exposure, raw material fluctuations, and inventory levels. Analyzes market and delivery conditions to assess current and future product needs and identify potential availability risks. Provides timely reporting on key performance indicators (KPIs ) and presents strategic sourcing plans and performance updates to stakeholders. Required Skills and Qualifications Bachelor’s degr…

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