Commodity Manager (3093)
Job Summary:
The Commodity Manager will play a crucial role in optimizing our supply chain, managing costs, and ensuring the availability of key commodities critical to our operations. This position will be responsible for developing and implementing commodity strategies, negotiating with suppliers, and monitoring market trends to make informed decisions that benefit the company's bottom line. The ideal candidate should have a strong background in procurement, supplier management, and a deep understanding of global commodity markets.
Typical Duties and Responsibilities:
- Develop and implement commodity strategies to optimize sourcing, pricing, and supplier relationships.
- Collaborate with cross-functional teams to identify commodity needs and set procurement priorities.
- Evaluate supplier performance and manage supplier relationships to ensure quality, reliability, and cost- effectiveness.
- Conduct market research and analysis to stay informed about global commodity trends, pricing, and potential risks.
- Negotiate contracts, terms, and pricing with suppliers to secure favorable agreements and cost savings.
- Monitor and manage commodity price fluctuations and take proactive measures to mitigate risks.
- Develop and maintain strong relationships with key suppliers and seek opportunities for strategic partnerships.
- Work closely with internal stakeholders to align commodity procurement with business objectives.
- Analyze and report on key performance indicators related to commodity management.
- Stay updated on industry regulations and compliance requirements related to commodity procurement.