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Commodity Manager, Vinyl and Hose Divisions

Company: Teknor Apex Company
Location: Pawtucket
Posted on: June 6, 2021

Job Description:

The Commodity Manager will be responsible for global commodity management, strategic sourcing, supplier relationship management, and stakeholder engagement for all external spend in the area of direct materials, primarily in support of Teknor Apex's Hose and global Vinyl compounding business divisions. The role will be responsible for delivering the optimum balance of Total Value delivery (service, quality, cost, innovation, sustainability, risk mitigation) from Teknor Apex's supply base. This includes implementing and managing the following key activities:

* Stakeholder Engagement: Develop and systematically manage stakeholder relationships to find the optimum balance between meeting company needs and delivering total value. * Supplier Relationship Management: Develop long term relationships with suppliers to realize Total Value for Teknor Apex. Leverage a standard framework to classify suppliers and implement SRM programs. * Commodity Management: Develop and update annual commodity plans with stakeholders including detailed analysis of past and future spending, existing relationships and external trends. Develop and manage multi-year commodity roadmaps and pipelines of sourcing initiative projects. * Strategic Sourcing: Implement global strategic sourcing initiatives utilizing a standard framework and departmental tools. This includes:

* Partnering with stakeholders to build robust scopes of work. * Developing and executing sourcing strategies for individual initiatives. * Preparing and implementing advanced negotiation strategies. * Partnering with stakeholders and legal to negotiate and finalize agreements. * Risk Management: Evaluating and monitoring the risk profile of the supply base, identify mitigation targets, and implement risk improvement initiatives. * Synergy Delivery: Manage the portfolio of sourcing initiatives and deliver cost reductions against challenging current and multi-year saving targets.

Education and/or Work Experience Requirements:

* Analyze raw material markets, including feedstock development and cost models to help predict and forecast price development on key commodities. * Develop strategic procurement programs to meet the strategic requirements of the assigned product areas and/or business teams and makes recommendations for implementation. * Evaluates viable sources around the world to find the optimal source meeting cost, quality, supply, and risk mitigation objectives * Evaluates the reasonability of the supplier mix based on their product/market strengths and their ability to meet the strategic requirements of the assigned product areas in conjunction with desired business team(s) strategies and objectives * Responsible for recommending optimal supply strategies and works with all necessary functions to implement * Communicates the results of negotiations and strategy development to management, stakeholders and all impacted functional areas. * Position is responsible for maintaining the corporate cost standards used for finished product cost roll-ups * Conducts on-site supplier audits. * Conducts activities in accordance with a centralized corporate procurement strategy within an ERP environment. * Responsible for supplier relationship development and management through the use of performance criteria, SCARs. audits, routine meetings, and strategy development. Ensures supplier is meeting price, quality, service, and timeliness. * Performs additional duties and responsibilities as assigned.

SKILLS

* Position requires 5 years procurement and industry specific experience showing progressive levels of leadership and decision-making responsibility. * A Bachelor's degree in a field of study such as engineering, business, logistics, science, or accounting or equivalent training in a related business or technical area. * APICS certification or similar association preferred but not required * Requires the ability to evaluate suppliers and partnership to provide the most cost-effective ways of doing business. * The position requires excellent communications and management skills.

Keywords: Teknor Apex Company, Pawtucket , Commodity Manager, Vinyl and Hose Divisions, Other , Pawtucket, Rhode Island

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