Commodity Manager

The Commodity Manager will be responsible for creating disseminating, and delivering a commodity strategy, mapping out the capability, performance, risk, and desired future state of assigned commodities with a goal of improving performance through robust supplier relationship management. This individual will own the plan for every supplier and support the linkage with the engineering and buying functions.

Recommended skills

• Microsoft Office (Excel/Powerpoint)
• Negotiations
• Critical thinking and Problem Solving
• Strategic Vendor selection
• Organization to juggle multiple projects simultaneously

What You'll Do

• Serve as the main point of contact and key relationship manager for supplier partners within the assigned commodities.
• Build and maintain supplier scorecards to track and improve supplier performance.
• Segment vendors using key performance indicators (quality, delivery, cost, etc.) to develop a robust sourcing strategy for assigned commodities.
• Lead supplier selection for new business opportunities within assigned commodities.
• Execute robust LTAs/SOWs to migrate towards strategic vendor relationships.
• Partner with 'preferred' suppliers to deeply understand their manufacturing capabilities and processes, providing targeted recommendations to improve efficiency and reduce cost gaps.
• Negotiate with supplier partners for cost savings and/or avoidance utilizing tools such as competitive benchmarking, detailed cost analysis, and variance from existing part pricing.
• Identify and implement creative strategies to drive out cost from the supply chain within assigned commodities, such as in-sourcing, outsourcing, reducing tariff impact, and design changes.
• Serve as a project manager for vendor projects, including PPV, to support on-time project closure.

What You'll Bring

• Bachelor Degree in Business or Supply Chain - additional years of experience will be considered in lieu of degree
• 3-5 years of experience in a Commodity Manager or strategic procurement role.
• Advanced Excel skills

What We Value

• Ability to meet deadlines and manage multiple tasks and projects in a fast-paced environment.
• Cross-functional collaboration between Engineering, Commercial and Purchasing.
• Strong oral and written communication skills.

Standex International Corporation is a diversified global manufacturing company operating in five segments which consist of our Electronics, Engraving, Engineering Technologies, Specialty Solutions, and Scientific divisions. The company's market-leading manufacturing brands are recognized for quality and innovation. Our strategy is to drive growth and build larger industrial platforms by leveraging the combined strengths of our businesses to better penetrate current markets and to enter new geographic and vertical markets.

Standex Electronics is a worldwide market leader in the design, development and manufacture of standard reed switch-based sensor solutions and custom electro-magnetic components, including magnetics products. We are a global team of problem solvers who can provide custom and/or standard solutions through our diverse and dynamic capabilities. Our approach is to strategically partner with customers to conquer challenges and deliver reliable high-quality results through our engineering and components. These parts serve an array of markets globally, and through our customer driven innovation - improve the overall performance and efficiency at which end products operate.

Equal Opportunity Employer. We consider candidates regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status