Strategic Sourcing Intern

About the Role

ITW’s internship program provides unparalleled access to challenging opportunities in high-growth, dynamic industries. Interns are encouraged to think and act like entrepreneurs and are provided with significant responsibility to get things done. This summer internship program will provide you with marketable experiences and skills, as well as introduce you to ITW’s unique way of doing business. Excellent performance can result in a full-time employment offer.

Key Responsibilities

• Develop basic understanding of assigned commodities: current market conditions, key cost drivers, global supply base, and industry terminology, as it relates to creating 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 a timeline, set milestones, measure progress, and report findings to team.
• Collaborate as part of a cross-functional team that includes members from other Corporate ITW teams such as Spend Management and Trade Compliance.

Requirements & Tech Stack

• MS Excel (V-lookup, H-lookup, indexing functions, pivot tables and graphs)
• Microsoft Word
• Microsoft PowerPoint
• Familiarity with artificial intelligence (AI) concepts and tools, with the ability to leverage AI to support research, analysis, problem-solving, and process efficiency.

Qualifications

• Rising Junior or Senior students pursuing degree in Business, Supply Chain, or Engineering.
• Minimum GPA 3.0.
• Strong communication skills and ability to work collaboratively in a 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.).
• Ability to present accomplishments, lessons learned, and insights in briefings to Strategic Sourcing leadership.
• 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 status.

Compensation

• The hourly rate for this position is $26.00.