The Commodities Manager evaluates market conditions in order to maintain inventory levels and control costs. Develops, implements, and maintains a commodity inventory strategy that supports a company’s supply chain. Being a Commodities Manager manages ongoing relationships with suppliers. Evaluates and recommends vendors. In addition, Commodities Manager requires a bachelor’s degree in area of specialty. Typically reports to top management. The Commodities Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Working as a Commodities Manager typically requires 5 years experience in the related area as an individual contributor. 1 – 3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
Commodity Manager Job Description Template
Our company is looking for a Commodity Manager to join our team.
Responsibilities:
- Develop and implement strategies to create an efficient supply chain and reduce commodity purchase costs;
- This may also include purchasing activities;
- Work along side NPI team to ensure supplier selection for new programs is aligned to defined strategy;
- Lead cross functional strategic business reviews including performance reviews;
- Conduct analyses of market conditions and trends and use this information to predict future supply needs;
- Lead Cost reduction activities with suppliers;
- Research potential vendors and compare their products, prices, and services;
- Document negotiations and contract awards in line with company and regulatory requirements;
- Negotiate the best commercial and technical package for procurement requirements;
- Work to minimize supplier risk by establishing strategies for risk evaluation;
- Includes commercial sourcing management such as data analysis, negotiations support, etc;
- Communicate strategy and commodity updates cross functionally across organization;
- Support critical or systemic supplier performance recovery;
- Lead negotiations with suppliers to deliver long term agreements;
- Determine the requirement for dual sourcing and develop best cost country opportunities.
Requirements:
- Strong written and verbal communication skills;
- Ability to influence others and lead small teams;
- Ability to manage multiple priorities under tight deadlines;
- Ability to bring assignments to a successful completion;
- Ability to coordinate several projects simultaneously;
- Strong attention to detail and accuracy;
- Strong interpersonal and leadership skills;
- Proven analytical and organizational ability.