Job OverviewThe Commodity Manager is responsible for overseeing the sourcing and procurement of materials and components within a specific commodity category, ensuring cost-effective and efficient supply chain operations. This role works closely with internal stakeholders, suppliers, and cross-functional teams to drive supplier performance, optimize inventory, mitigate risks, and manage commodity strategies that align with the organization's business objectives.
Responsibilities- Commodity Sourcing and Procurement: Lead sourcing and procurement activities for assigned commodity groups, including raw materials, components, or services. Establish and maintain strong relationships with key suppliers to ensure reliable and cost-effective supply chains.
- Cost Management and Optimization: Develop and implement cost-saving strategies and continuous improvement programs. Negotiate prices, contracts, and terms with suppliers to optimize cost structures while maintaining quality standards.
- Supplier Relationship Management: Collaborate with suppliers to ensure on-time delivery, high-quality standards, and continuous improvement in performance. Monitor supplier performance using key performance indicators (KPIs) and implement corrective actions when necessary.
- Inventory Management: Work closely with inventory and logistics teams to ensure appropriate inventory levels are maintained for materials and components. Minimize excess inventory and reduce supply chain bottlenecks.
- Risk Management: Identify and manage risks within the supply chain, including supply disruptions, price volatility, and supplier reliability. Develop contingency plans to mitigate potential supply chain disruptions.
- Cross-functional Collaboration: Work closely with product development, engineering, operations, and finance teams to align commodity strategies with organizational goals and ensure smooth coordination across departments.
- Market Analysis and Trends: Monitor and analyze market trends, commodity pricing, and supply chain dynamics to anticipate changes in the marketplace. Provide strategic recommendations to senior management based on market intelligence.
- Compliance and Sustainability: Ensure that all procurement activities comply with company policies, legal requirements, and sustainability objectives. Support initiatives related to ethical sourcing and environmental responsibility.
- Reporting and Analytics: Prepare regular reports and dashboards on commodity performance, supplier status, cost savings, and market conditions for senior leadership and stakeholders.
Qualifications- Bachelor's degree in Supply Chain Management, Business, Engineering, or related field (Master's degree or certifications like CPSM, APICS, or CPIM preferred).
- 5+ years of experience in supply chain management, procurement, or commodity management, ideally in a manufacturing or production environment.
- Strong negotiation, communication, and interpersonal skills.
- Demonstrated experience in supplier relationship management and contract negotiations.
- In-depth knowledge of commodity markets, pricing, and global sourcing strategies.
- Strong analytical and problem-solving skills.
- Proficiency with supply chain management software (ERP, SAP, Oracle, etc.) and Microsoft Office Suite.
- Ability to work in a fast-paced, cross-functional environment.
- Experience in strategic sourcing and category management.
- Knowledge of Lean, Six Sigma, or other process improvement methodologies.
- Familiarity with global supply chain logistics and trade regulations.
Physical Demands- Prolonged periods of sitting at a desk and working on a computer
- Occasional standing and walking within the office
- Manual dexterity to operate a computer keyboard, mouse, and other office equipment
- Visual acuity to read screens, documents, and reports
- Occasional reaching, bending, or stooping to access file drawers, cabinets, or office supplies
- Lifting and carrying items up to 20 pounds occasionally (e.g., office supplies, packages)
BenefitsMedical Insurance: Comprehensive health insurance plans covering a range of services
Saronic pays 100% of the premium for employees and 80% for dependents
Dental and Vision Insurance: Coverage for routine dental check-ups, orthodontics, and vision care
Saronic pays 100% of the premium under the basic plan for employees and 80% for dependents
Time Off: Generous PTO and Holidays
Parental Leave: Paid maternity and paternity leave to support new parents
Competitive Salary: Industry-standard salaries with opportunities for performance-based bonuses
Retirement Plan: 401(k) plan with company match
Stock Options: Equity options to give employees a stake in the company's success
Life and Disability Insurance: Basic life insurance and short- and long-term disability coverage
Pet Insurance: Discounted pet insurance options including 24/7 Telehealth helpline
Additional Perks: Free lunch benefit and unlimited free drinks and snacks in the office
