IDEX Sourcing Analyst in Lake Forest, Illinois

Title: Sourcing Analyst

Business Unit: IDEX Corporation

Location: USA-IL-Lake Forest

Function: Operations and Supply Chain


This position is integral to the success of the Sourcing function within IDEX. The person selected for this position will have the opportunity to interact

internally within Corporate and externally with the various IDEX Business Units located across the world.

Essential Position Functions:

  • Strong analytical skills with the ability to make fact based decisions through collecting and summarizing large amounts of data.

  • Research, analyze and evaluate prospective suppliers, making sure to identify their core competencies and capabilities and gather and understandtheir terms.

  • Assist in the selection of suppliers that meet our sourcing goals and objectives which include meeting target costs and service.

  • Strong attention to detail, organization skills, and time management

  • Knowledge of negotiation and contracting process.

  • Monitor current and alternative sourcing markets and develop sourcing strategies based on market intelligence gathered.

  • Develop negotiation strategies that meet business objectives and achieve sustainable relationships with supplier, which includes periodic rebiddingto insure costs remain competitive.

  • Participate in cross-functional sourcing teams to evaluate potential and current suppliers.

  • Ability to adapt across categories including: Telecom, IT, HR, Logistics, and Direct Materials

  • Negotiate and manage key terms with suppliers which include cost, service levels, minimums, lead times and other related terms.

  • Self-starter who has ability to work collaboratively to achieve high-level results.

  • Ability to work across all levels and departments of an organization


  • Strong analytical, communication and problem solving skills.

  • Knowledge of business culture, cost factors and major risks

  • Ability to perform with a high level of accountability and leadership.

  • Detail oriented with strong follow-through, ability to organize and prioritize multiple projects.

  • Have sense of urgency in managing time and accomplishing tasks, self-motivated with outstanding initiative and proven success with meeting deadlines.

  • Ability to react to change.

  • Good at working with multiple teams.

  • Strong Microsoft Outlook and Excel skills with a working knowledge of Access.


  • Bachelor’s degree in Supply Chain Management, Business, a related degree or an equivalent amount of work experience.

  • Preferably two to four years progressively more responsible experience in a sourcing environment.

IDEX is an equal opportunity employer Minorities/Females/Protected Veterans/Disabled

REQ ID: 1201