Commodity Specialist

General Fasteners; Livonia (MI); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

Paid holidays

PTO

401(k) plan

FSAs

Life insurance

Casual environment

Team-oriented culture

Medical insurance

Dental insurance

Vision insurance

Job summary

General Fasteners, a Livonia, MI–based distributor of fasteners and assembly components, seeks a Commodity Specialist to manage supplier relationships and sourcing strategies. You will contribute to supply chain stability and pricing competitiveness while collaborating with Engineering, Quality, Accounting, Operations, and Sales teams.

The role emphasizes negotiating with vendors, evaluating market conditions, and implementing inventory practices to boost profitability.

Qualifications

• Experience with Epicor Prophet 21 and IQS software.
• Purchasing experience with domestic and international suppliers.
• Experience in the Fastener Industry.

Responsibilities

• Source, negotiate, and purchase commodities to manage supply chain.
• Maintain/implement pricing strategy to secure best market prices.
• Evaluate market conditions to mitigate risks.
• Understand product offerings from suppliers.
• Manage inventory strategies to reduce cost and increase turns.

Skills

Communication skills

Negotiation

Team collaboration

Education

Bachelor's degree or equivalent

Tools

Epicor Prophet 21

IQS

Excel

Outlook

Word

Access

Job description

General Fasteners located in Livonia, MI is looking to hire a Commodity Specialist. Would you like to join a stable and growing local company where there is potential for career growth? If so, please read on!

This Commodity Specialist position earns a competitive starting wage, and we also offer great benefits and perks, such as 10 paid holidays, generous paid time off (PTO), a 401(k) option, flexible spending accounts (FSAs), life insurance, a down-to-earth casual environment, and a positive team-oriented culture. Our full-time employees also have access to medical, dental, vision, and other insurance options.

A DAY IN THE LIFE OF A COMMODITY SPECIALIST

Commodity Specialists are responsible for creating and maintaining relationships with new and existing strategic suppliers. This position plays a pivotal role in the company ensuring the stability of our supply chain and competitiveness. Coordination with colleagues & utilization of resources from the Engineering, Quality, Accounting, Operations and Sales teams to fulfill client needs is critical to the success of Commodity Management.

POSITION RESPONSIBILITIES

• Managing the company's supply chain by sourcing, negotiating, and purchasing commodities
• Maintain/Implement pricing strategy to establish the best price market wide
• Evaluate market conditions to mitigate risks
• Understand product offerings provided by suppliers
• Maintain/Implement inventory strategies to decrease cost, increase inventory turns, and increase profitability
• Maintain/Implement supplier rebate programs
• Negotiate competitive payment terms / Assist Accounting with invoice concerns
• Build and maintain good relationships with both new and existing suppliers
• Conduct quarterly business reviews with strategic suppliers to review performance and establish continuous improvement strategies
• Assist on identifying suppliers for gap purchases
• Assist Quality with customer / supplier concerns

THE MOST QUALIFIED CANDIDATES POSSESS THE FOLLOWING

• Experience with Microsoft Office applications: Outlook, Excel, Word, Access
• Experience using Epicor Prophet 21 and IQS (Enterprise Quality Management) Software
• Purchasing experience with both domestic and international suppliers
• Experience in the Fastener Industry
• Resolve problems where precedent may not exist
• Driven, have sense of urgency, take ownership
• Preferred: Bachelor's degree or equivalent professional experience
• Ability to cooperate with people of different levels inside/ outside the company and to interact with team to reach team goals and business objectives
• Ability to gather information, analyze data, prepare, and lead negotiations as well as suggest recommendations

Do you have excellent communication skills, both written and verbal? Are you comfortable talking on the phone? Do you enjoy building relationships with people? Are you team-oriented? Do you have creative problem-solving skills? If so, you might just be perfect for this position!

WORK SCHEDULE

This position requires working Monday - Friday, 8:00am to 5:00pm. This position will have some travel to suppliers, less than 15%.

ABOUT GENERAL FASTENERS COMPANY

Founded in 1952, General Fasteners Company is a full-service distributor of Fasteners and Assembly Components. We excel at providing great products, superior customer service, customized Vendor Managed Inventory (VMI) programs, product testing, and engineering solutions for our valued customers. Our company culture plays a large part in our success. With 15 locations in North America, General Fasteners Company continues to provide these services to numerous companies throughout North America.

General Fasteners Company continues to find new and innovative ways to service our customers as we carry on the traditional values on which our company was founded. After 70 years, we continue to be a privately held Michigan corporation dedicated to helping our customers reach their strategic goals through inventory solutions.

We believe that happy, talented employees add value to our company. We do our best to hire friendly, down-to-earth people who make good team members. We also promote a healthy work-life balance and personal development.