Commodity Manager

The Commodity Manager is responsible for quality, delivery, cost efficiency and sustainability of the direct material commodity and supply throughout the product life cycle. Area of responsibility may be regional or as broad as North America, while ensuring alignment to global sourcing strategies.

• Assume overall responsibility for managing commercial relationships with suppliers within the commodity, ensuring targeted levels of cost, quality, delivery precision, and sustainability.
• Develop and execute a long-term strategy to maximize commodity value, outlining actionable plans for achievement.
• Stay informed about market trends through detailed analysis of market drivers, cost structures, and technological advancements.
• Drive value through strategic sourcing, negotiating cost-efficient agreements that meet supply requirements with a focus on total cost of ownership.
• Lead negotiations and manage the development and maintenance of vendor agreements.
• Foster supplier relationships to enhance performance, contract effectiveness, collaboration, and integration, resulting in improved outcomes.
• Cultivate mutually beneficial relationships with key vendors to reduce costs and optimize efficiencies.
• Ensure alignment of commodity team practices with corporate and purchasing objectives, promoting consistent methodologies and goal attainment.
• Collaborate with internal stakeholders to drive continuous improvement and meet service level commitments.
• Develop expertise in cost engineering and implement demand management strategies to optimize lifecycle costs.
• Manage the reverse auction process, including bid analysis, negotiation, and contract execution within budgetary guidelines.
• Provide ongoing insights to management on commodity cost trends, material availability, alternative materials, make vs. buy decisions, and supplier labor conditions.
• Ensure strategic alignment of commodity strategies with product management strategies.
• Maintain a thorough understanding of market dynamics, including cost structures and technological advancements.
• Other job duties as assigned.