Lawson Products Senior Manager, Strategic Pricing in Chicago, Illinois
Senior Manager, Strategic Pricing
Country: United States
Job ID: 10563
Senior Manager, Strategic Pricing
Since 1952, Lawson Products has worked hard to make our customers' jobs easier by improving their operational efficiency, productivity and overall performance. As a leader in the MRO industry, we partner with customers to make sure they have the right maintenance and repair parts on hand when needed.
We’re looking for a motivated Sr. Manager of Strategic Pricing, responsible for establishing and managing the customer quotations process and leading a team of pricing and quotations analysts, margin managers and cross-reference specialists. This position focuses on growing strategic accounts and large order volume sales through price-competitive strategies. Our Sr. Manager of Strategic Pricing oversees the contract management process and ensures pricing activities are within the customer contract parameters.
We offer a competitive benefits package that includes vision, dental, medical and retirement benefits, as well as a paid holiday and PTO package.
Works cross-functionally other areas to attain strategic objectives.
Leads cross-functional team that develops each customer pricing proposal and quotation in the iterative process of item identification, pricing, profitability analysis and presentation to the customer.
Develops skills of Bids & Quotations analysts and Margin Managers.
Assesses checkpoints throughout the bids process to determine if objectives are being met.
Maintains and analyzes historical quote information to build a knowledge base and improve future win-rate and profitability.
Makes recommendations to senior management team on process and tactical pricing changes.
Builds and maintains relationships both internally within the organization and externally with the customers. Provides relevant training and insights to internal customers.
Develops and implements pricing-related metrics, including bid/win ratio and price/cost/mix analyses, to support decision-making.
Maintains product knowledge and regularly monitors industry pricing practices, particularly for major competitors, primary markets and sensitive product categories.
Develops and manages profitability reporting methodology and tactics.
Manages the reporting and analysis of pricing/margin related metrics for pricing, finance and senior management.
Manages the process to identify and implement margin improvement opportunities as well as mitigation tactics to avoid risk.
Structures price optimization plan based on contract/agreement terms.
In conjunction with the Sales and Bids teams, implements strategies to maintain/optimize contract margins.
Assists with contract/agreement language as it pertains to pricing.
Designs and maintains databases and analytical decision support tools required to support the strategic pricing initiative.
Keeps informed on current technology and pricing methodologies.
Identifies, creates and propagates best practices throughout the group.
Understands company value proposition and product positioning against competition.
Responsible for creating, refining, and implementing project-based activities related to Bids & Quotations, Contract Management and Cross Referencing.
Manages freight recovery opportunities pertaining to Bids and Contracts.
Responsible for acquisition integration of customer contracts.
Issues run from delegating simple spot quotes to staff for completion to attending to Strategic Account opportunities: reviewing bid requests, executing cross reference of products required to be priced and evaluated, modeling pricing options and likely financial outcomes, and working with Finance and Sales functions to arrive at viable pricing scenarios for particular customers and prospects.
Other duties as assigned.
Qualifications & Requirements:
Bachelor's degree (B. A.) from four-year college or university with five years’ pricing experience in b2b distribution, retail or related field and three years leadership experience in data-intensive, analytic environment, or an equivalent combination of education and experience.
Industrial distribution experience preferred.
Planning/Organizing - prioritizes and plans work activities, manages multiple projects, uses time effectively, plans for additional resources, sets goals and objectives, works quickly.
Problem Solving - identifies and resolves problems in a timely manner, uses reason when dealing with emotional topics.
Strategic Thinking - develops strategies to achieve organizational communications goals, understands organization's strengths and weaknesses, adapts strategy to changing conditions.
Business Acumen - understands business implications of decisions and objectives, displays orientation to profitability, aligns work with strategic goals.
Oral communication - speaks clearly and persuasively in positive or negative situations; listens and gets clarifications; responds well to questions; demonstrates group presentation skills; participates in meetings.
Written communication - writes clearly and informatively; reads and interprets written information; edits work for spelling and grammar; varies writing style to meet needs of audience.
Ethics - upholds organizational values of integrity, character, excellence and commitment.
Judgment - displays willingness to make decisions; exhibits sound and accurate judgment; supports and explains reasoning for decisions; includes appropriate people in decision-making process, makes timely decisions
Motivation - sets and achieves challenging goals; demonstrates persistence and overcomes obstacles, measures self against standard of excellence; takes calculated risk to accomplish goals.
Professionalism - approaches others in a tactful manner; reacts well under pressure; treats others with respect and consideration regardless of their status or position; accepts responsibility for own actions; follows through on commitments.
Adaptability - adapts to changes in the work environment; manages competing demands, changes approach or method to best fit the situation, able to deal with frequent change, delays, or unexpected events.
Proficiency in applicable software programs.
This position relies on extensive experience, financial acumen, clear communication, organization and judgment to plan and accomplish goals. A wide degree of creativity and latitude is expected.
Lawson Products is an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities.