Global Commodity Manager

Loram UK Ltd; Hamel (MN); On-site; USD 90,000 - 120,000; Full time

Job summary

A leading company in Railroad Equipment Manufacturing is seeking a Global Commodity Manager. This role focuses on developing and implementing sourcing strategies to optimize supplier partnerships and drive value. The successful candidate will manage $50M-$60M in direct spend and work collaboratively with stakeholders to enhance operational excellence and supplier performance.

Benefits

Flexible Work Policy

75 work days annually to work from home

Qualifications

• Experience in sourcing strategies and supplier management.
• Ability to drive cost management and value improvement.

Responsibilities

• Lead sourcing strategies for product and manufacturing operations.
• Manage supplier relationships and performance metrics.
• Execute supplier negotiations and contract management.

Skills

Supplier Relationship Management

Cost Management

Sourcing Strategies

Negotiation

Market Knowledge

Job description

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Job Title: Global Commodity Manager

FLSA Status: Exempt

Department: Supply Chain Services

Reports to: Strategic Sourcing Leader

Flex Work Eligible! This position qualifies for the Flexible Work Policy. Employees receive 75 work days annually to work from home! The initial amount of days is prorated for the first year based on start date.

General Description / Purpose

The Global Commodity Manager leads and supports development, implementation, and management of sourcing strategies that optimize supplier partnerships, drive performance objectives, and provide optimal flexibility, quality, delivery, and lowest TCO. They deliver value and competitive advantage as measured by customer satisfaction, project execution, value improvement, innovation, and risk mitigation. They build relationships with suppliers; plan, execute, and finalize sourcing strategies for product and manufacturing operations; work closely with stakeholders to identify and execute potential opportunities that drive value. They drive strategy development, cost management/reduction targets, and coordinate sourcing activities to support project initiatives. They work with teams to create an efficient and innovative partnership across all functions and levels. They are responsible for $50M-$60M direct spend.

Essential Job Functions

Operational Excellence

• Define and execute a sourcing calendar of initiatives for assigned categories based on business plans with support from stakeholders, market conditions, and terms of outstanding contracts.
• Establish collaborative relationships with departments to define requirements for Direct and Indirect products and services with a focus on fundamental needs balanced with innovation and financial constraints.
• Understand and track the key input cost drivers and market factors for assigned commodities, provide countermeasure concepts, forecast, and maintain costing and should be cost model.
• Provide category knowledge and market expertise for assigned spend and continuously learn new technologies, processes, and industry best practices that deliver value.

Supplier Relationship Management

• Drive sourcing value by leveraging market knowledge, supplier optimization, predictable and industry-leading pricing plans, RF(x) and (TCO) cost modeling through transparent SRM.
• Create and implement SRM programs that include developing performance measures and scorecards, tracking and reporting against performance metrics, conducting timely supplier performance reviews, and taking corrective and recognition action.
• Establish SRM strategies to deliver against goals and achieve sustainable supplier relationships.
• Apply best-in-class practices and trends to create forward-thinking category and SRM strategies, including the implementation of technology/analytical tools.

Sourcing Process

• Execute, leverage, and deploy sourcing levers across all spend to create a competitive advantage.
• Lead all aspects of supplier negotiations with business partners in drafting and executing contracts that protect the business interests and provide best value.
• Oversee and advise on contract structure, terms and conditions, and performance-based contracting with suppliers.
• Seek opportunities for cost containment and/or improvement. Develop performance metrics, benchmarks and utilize best practice sourcing within the category portfolio.
• Lead cross-functional team of department owners and other stakeholders through the end-to-end sourcing process (identification through implementation) and coordinate engagement.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Purchasing and Supply Chain

Industries

• Railroad Equipment Manufacturing