Instrumentation Laboratory Company

Commodity Manager

Instrumentation Laboratory Company • $90K — $120K *
Bedford, MA 01730In-Person
Manufacturing & Automotive
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • BS degree in business or engineering
  • ISM (NAPM) certification preferred
  • Demonstrated record of cost reduction
  • Demonstrated computer literacy
  • Working knowledge of ERP systems and supply chain management strategies and concepts

Responsibilities

  • Develop supply strategies for assigned commodities
  • Minimize routine purchase transactions
  • Lead strategic cost management initiatives
  • Prepare analysis and plans for supplier negotiations
  • Develop contracts that mitigate risks related to inventory and supply
  • Understand manufacturing processes and global supply trends
  • Identify potential disruptions in the supply chain
  • Seek to reduce waste in supplier-related processes
  • Oversee commodity team activities of buyers and senior buyers
  • Maintain supplier audit campaigns consistent with FDA and ISO 9000 requirements

Benefits

  • Participation in annual supplier audit campaigns
  • Opportunities to lead negotiation strategies with critical suppliers
  • Chance to significantly impact cost reduction initiatives
  • Development of contracts with a focus on risk mitigation
  • Engagement in strategic commodity management
Full Job Description
Overview

Position Summary:

Responsible for developing and executing supply and/or vendor management strategies for specific commodities, which ensure appropriate product quality and enhance the company's ability to ship on time while reducing total cost and lead-time.

Responsibilities

Key Accountabilities:
  • Responsible for the development for supply strategies for each assigned commodity.
  • Seeks solutions to minimize routine purchase transactions.
  • Plays a key role in strategic cost management initiatives.
  • Prepares analysis and plans for negotiations; leads in negotiation involving critical suppliers.
  • Develops contracts and supply agreements that protect the company from excess inventory, insufficient supply, unfavorable payment terms, hidden costs and supplier non-conformance.
  • Has a thorough understanding of assigned commodities including manufacturing processes, applications, global supply status, price trends, cost drivers and product migration paths.
  • Identifies potential disruption in the supply chain due to changes in supplier's business including their strategic direction, operating results, technical capabilities and overall performance.
  • Continuously seeks to reduce waste in every activity and supplier related process or transaction he/she is involved in.
  • Purchase and/or contracts for materials and services in accordance with company established practices and policies to ensure honest, fair and ethical relationships with vendors.
  • Exercises the appropriate controls related to the legal aspects of purchasing.
  • Will oversee the activities of the buyers and senior buyers on his/her commodity team.
  • Works with the Materials Manager and QA to maintain and implement an annual supplier audit campaign consistent with requirements for FDA and ISO 9000

Budget Managed (if applicable): N/A

Internal Networking/Key Relationships:
  • To be determined based on department needs

Skills & Capabilities:
  • Effective interpersonal skills


Qualifications

Min Knowledge & Experience Required for the Position:
  • BS degree in business or engineering.
  • ISM (NAPM) certification preferred.
  • Demonstrated record of cost reduction.
  • Demonstrated computer literacy
  • Wrking knowledge of ERP systems and supply chain management strategies and concepts.

International Mobility: Required: no

Travel Requirements:


    About Instrumentation Laboratory Company

    Instrumentation Laboratory Company (IL) is a global leader in the development, manufacturing and distribution of diagnostic solutions for Acute Care Diagnostics, with a focus on Critical Care and Hemostasis testing. Our success comes from a specific focus in these rapidly evolving diagnostic areas, our commitment to customers, and our dedication to innovation and quality. IL develops, manufactures and distributes diagnostic solutions including: critical care systems, hemostasis systems and information management systems. IL's products are used in hospitals around the world, including large hospital systems, independent hospitals and clinics, and reference laboratories. IL is headquartered in Bedford, Massachusetts, and has operations in Europe, the Middle East, Africa, Asia-Pacific, and Latin America.
    Learn more about Instrumentation Laboratory Company
    Size
    1,000 employees
    Industry
    Healthcare
    Net Income
    $50 million
    5 Year Trend
    +5%
    Revenue
    $500 million
    * Ladders Estimates

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