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The Commodity Manager will collaborate with and lead a cross functional team to develop and implement a commodity strategy capable of meeting all cost, quality and delivery targets set forth. In addition the Commodity Manager will be accountable in supporting operations as a point of escalation to resolve all cost, quality, delivery and capacity activities of suppliers in said commodity. Lastly, he/she will be responsible to ensure the supply base adheres to the commodity strategy and negotiates and implements contracts to ensure supplier compliance and performance.
Job Responsibility:
Designs, develops and communicates the purchasing commodity and supplier strategies under their responsibility and drives the implementation through global organization (global responsibility)
Works closely with planning, manufacturing, quality, engineering, and research & development to design and implement strategic sourcing strategies
Masters assigned commodity in terms of cost model, benchmarks, market trends, LCC options, product technical roadmaps, and target costing
Manages & fosters relationships with the supply base and drives resolution to systematic supply chain issues impacting quality, delivery, cost or lead-time
Negotiates and manages agreements with suppliers that provide the structure for all business relationships between Luminex and the supply base
Drives resolution to systemic supply chain issues through contracts and long term agreement negotiations
Monitors supplier capacity and capability to ensure the forecast can be met and ensures continuity of supply to the factory and customer
Defines, conducts and manages Supplier Panel Business Risk analysis
Manages the performance of the Supplier Panel of his/her commodities and performs regular Supplier Performance reviews (includes also the follow up of corrective action plans and continuous improvement plans)
Prepares and leads negotiations with suppliers on yearly Cost, Quality and Delivery targets set forth and monitored
Develops and presents cost reduction opportunities for evaluation and execution including mobilizing relevant resources to capture and implement supplier innovation and improvement opportunities
First level escalation contact for any supply chain issues originating from his/her supply base
Other duties as assigned
Requirements:
Bachelor's or Master's Degree Business, Engineering, Science, or equivalent
5+ Years Experience in commodity management, procurement, contracts, manufacturing, or logistics
5+ Years Experience in Procurement and/or strategic sourcing
5+ Years Experience across a broad range of commodities including electronics, sheet metal, machined parts, plastics, OEM, chemicals, and biologics.
5+ Years Experience working independently in a fast-paced environment with rapidly changing priorities
2+ Years Experience in managing procurement professionals preferred
Proven negotiation skills (High proficiency)
Experience using an ERP system in a manufacturing environment (Oracle E-Business Suite preferred) (High proficiency)
Experience in using Microsoft Office, Excel, and Word (High proficiency)
Excellent written and oral communication skills (High proficiency)
Nice to have:
Six Sigma Green Belt Certification preferred
CPM - Certification By The Institute For Supply Management preferred
Certified in Production and Inventory Management (CPIM)-APICS preferred