Commodity Manager

Location
Bloomington, MN
Posted
Dec 20, 2021
Closes
Jan 19, 2022
Ref
JR3115
Category
Other
Job Type
Employee
Employment Status
Full Time

Major Function

As a highly visible and impactful sourcing team contributor, this position is responsible for the development, implementation and execution of strategies associated with assigned commodity, reducing TCO (total cost of ownership), managing supplier relationships, development and implementation of sourcing strategies, negotiating pricing, implementing and administering contracts, understanding markets, forecasting pricing trends, and leading a cross-functional commodity team.

Duties & Responsibilities

Reduce TCO (total cost of ownership) through cross-functional collaboration for assigned direct material commodities. Develop a sourcing strategy for each assigned commodity that incorporates customer requirements, product requirements, market conditions, business risk, and supplier capabilities. Communicate on a continuous basis with internal customers to understand business objectives, expectations and specific requirements. Serve as an internal resource regarding supplier new products, capabilities, technologies, and sourcing process. Develop and maintain knowledge of market conditions, trends, sources of supply and supplier capabilities for materials, equipment and services within assigned commodities. Lead sourcing negotiations with all levels of supplier contacts to establish terms of contracts, memorandum of understanding and schedule agreements. Define and track appropriate metrics for total cost reduction, provide data and input to business and corporate metrics and forecasts. Establish sources and alternate sources of supply to enhance means of meeting purchase requirements and achieving best total delivered cost, quality, service, and technology. Develop, maintain and strengthen long-term supplier relationships. Manage supplier performance and use competitive criteria for supplier development and awarding business when applicable. Resolve complex problems relating to supplier quality and service, contract disputes, and other discrepancies. Provide work direction to buyer(s) as needed. Travel potential of 10-20%. Any special tasks, assignments, and projects as assigned.

Job Dimensions

Interfacing with commodity buyer, supplier quality engineer, advanced sourcing managers, product managers, engineering, legal, manufacturing facilities and suppliers. This position is responsible for strategic sourcing activities for the assigned set of commodities. Travel both domestic and/or international will be required.

Specifications/Qualifications

  • Bachelor’s degree in Operations, Engineering, Supply Chain or Business; Master’s degree preferred
  • Institute of Supply Management (ISM) certification (CPSM, CPM) or equivalent, preferred
  • Minimum of 5 years of supply chain experience; sourcing technical and mechanical/electrical equipment-related components or equivalent preferred
  • Demonstrated experience in: negotiation, forecasting, leading cross-functional teams, working with various levels of management, understanding commodity markets, partnering with engineers, and working with and developing international vendors
  • Experience in sourcing parts/assemblies globally (Mexico, India, China and Europe) strongly desired
  • Skilled in Microsoft Office Suite
  • Excellent written and verbal communications
  • Strong interpersonal, facilitation and team leadership skills
  • Strong analytical abilities and research skills, including using internet sources as a resource
  • Skilled in reading and interpreting engineering drawings and blueprints
  • Understanding of enterprise purchasing and planning systems such as SAP and analytical tools.

We are proud to be an Equal Opportunity Employer and consider qualified applicants without regard to race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), parental status, national origin, age, disability, genetic information (including family medical history), political affiliation, military service, or other non-merit based factors. We celebrate diversity and are committed to creating an inclusive environment for all employees.

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