Senior Commodity Manager - Indirect Categories Job at Teradyne (North Reading)

Job Description

We are seeking a competent, results-driven aspiring leader to join our global procurement team. This role will focus on indirect procurement, encompassing the sourcing, negotiation, contracting and purchasing of goods and services that support our global operations, but are not directly part of the end products. Categories include but are not limited to: Third party services (Engineering, IT, Corporate Travel, HR); enterprise and embedded technologies (Software; Cloud etc).

Job Responsibility

Lead sourcing initiatives across multiple indirect categories, ensuring alignment with business goals and global procurement strategy
Develop strategies and execute end-to-end strategic sourcing process including internal/external analysis, supplier benchmarking, and stakeholder engagement
Conduct competitive bidding (RFPs/RFQs), analyze supplier responses, create supplier scorecards, and facilitate discussions with business decision-makers
Negotiate and draft commercial terms and contracts, ensuring favorable pricing, service levels, and risk mitigation.
Partner with Legal, Finance, and functional leaders to ensure contract compliance and alignment with company policies.
Coordinate internal executive and supplier execution of legal contracts, statements of work, change orders, addendums, and other contract documents
Support management team on cross-functional project coordination and internal process compliance with corporate policies
Manage supplier performance in conjunction with business stakeholders including issue resolution, KPI tracking, and continuous improvement initiatives
Identify opportunities for cost savings, process improvement, and innovation across procurement practices.
Stay current with industry trends, category developments, and global supply market conditions.
Maintain relationships with potential and existing suppliers, coordinate supplier presentations and periodic reviews
Monitor and report on sourcing outcomes and savings, historical trends and supplier risks periodically

Requirements

Bachelor's degree in Supply Chain, Business, Finance, or related field (MBA or relevant certifications like CPSM/CIPS preferred) OR equivalent experience
8+ years of experience in procurement or strategic sourcing, with a focus on indirect categories
Global sourcing experience and strong knowledge of contract law, negotiation tactics, and supplier management.
Excellent analytical, project management, and stakeholder communication skills.
Proficiency in procurement/productivity tools e.g. Oracle and Microsoft Office Suite.
Ability to work in a fast-paced, matrixed, and multicultural environment.
Knowledge of key supplier performance metrics
Proven track record implementing complex supply deals and ability to influence business change
Strong organizational, interpersonal and negotiation skills
Ability to interpret, apply and draft contract language
Demonstrated written and verbal communication skills
Strong analytical and research skills
Ability to interface with employees at all levels of various business units

What we offer

A collaborative, innovative, and agile work culture.
Competitive compensation, benefits, and opportunities for growth and development.
Global exposure to cross functional teams, diverse cultures and a broad range of categories.
Hybrid role with an expectation to be in the office 3 days a week.
Incentive Plan: This job is eligible for discretionary bonus(es) based on financial performance.
Teradyne offers a variety of robust health and well-being benefit programs, including medical, dental, vision, Flexible Spending Accounts, retirement savings plans, life and disability insurance, paid vacation & holidays, tuition assistance programs, and more.

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Senior Commodity Manager - Indirect Categories

Job Description

Job Responsibility

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