Global Commodity Manager

About the role

• Job Title: Global Commodity Manager
• FLSA Status: Exempt
• Department: Supply Chain Services
• Reports to: Strategic Sourcing Leader

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.

Required Qualifications

Education: Bachelor's Degree in Business, Supply Chain, Finance, Economics, or related field.

Experience

• Minimum 8 years sourcing experience in multiple categories: Contracts, Negotiations, Supply Chain Management, Strategic Sourcing, Globalization, Supplier Development, Project Management, Market Analysis, Facility Management, Marketing, SG&A spend, etc.
• Minimum 4 years' experience in developing, negotiating, and implementing various contract types.
• Strong background working cross-functionally with multiple functions that drive business outcomes.

Additional information

*Or equivalent combination of 12+ years of education and experience in Supply Chain, Finance, Economics or related field.

Knowledge, Skills and Abilities

• Robust interpersonal skills, including collaboration and willingness to make changes based on feedback.
• Demonstrated ability in building and maintaining relationships at all levels of the organization while managing multiple priorities and meeting deadlines in a fast-paced environment.
• Strong verbal and written communication skills including the ability to generate compelling and powerful PowerPoint presentations.
• High attention to detail and proven ability to manage multiple, competing priorities simultaneously.

Preferred Qualifications

• Masters is a plus. Professional Certification (CPM/CSPM/APICS) is strongly preferred.
• General understanding of the lean/Six Sigma practices and processes.
• Strong analytical and critical thinking skills.
• Ability to handle sudden setbacks.
• Willingness to operate in a dynamic environment.
• Ability to make quick decisions with 80% information.

Pre-employment Requirements

This position requires successful completion of the following

• Social Security Verification: The individual's name must correspond to their Social Security number and date of birth.
• Drug and Alcohol Testing: All applicants must successfully pass a pre-employment drug and alcohol test. Employees in safety-sensitive positions are subject to random, reasonable suspicion, and post-incident drug and/or alcohol testing in compliance with federal regulations and company policy.
• A nationwide, federal, and state criminal background check will be conducted. Up to a seven-year history will be considered, including incarceration or court supervision. Findings will be reviewed relative to the position requirements.
• Employment Verification: Current and prior relevant employment experience will be verified to confirm the candidate meets the minimum required years of experience for the position.
• Education Verification: Post-secondary education at the associate degree level or higher will be verified, including degree(s) earned and dates of completion.
• Must possess and maintain a valid driver's license. A Motor Vehicle Record (MVR) check will be conducted upon hire and annually thereafter in accordance with Loram's Driving Policy.

Working Conditions

• Office deskwork, requiring sitting, walking, using phone & computer.
• May include up to 20% travel domestically and potential for international travel.
• Can tolerate variable and sometimes challenging conditions during visits or inspections of company equipment in a railroad environment.

Benefits

Benefits for this role include a comprehensive package with company-sponsored medical, dental, and vision insurance; Health Savings Account (HSA) and Flexible Spending Account (FSA) options; wellness programs; basic life and AD&D insurance; voluntary life insurance; company paid short-term and long-term disability coverage; 401(k) retirement plan including an employer match of 150% up to the first 6% you contribute to the Plan; Employee Assistance Program (EAP); behavioral health support; and leaves of absence.

Additional benefits include tuition reimbursement, payroll charity contributions, adoption assistance and optional plans such as legal, critical illness, and hospitalization.

Compensation

Loram determines compensation based on factors such as skills, competencies, education, and/or experience. Certain positions may be eligible for an annual bonus and paid time off in addition to base compensation.