Canoo

Senior Commodity Buyer

Canoo • $95K — $115K *
Manufacturing & Automotive
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in related field plus 8 years of Procurement experience or equivalent combination of education and experience.
  • Familiarity with Procurement principles, strategic sourcing, and purchasing legalities.
  • In-depth knowledge of the EV and Automotive supply base.
  • Expertise in materials and manufacturing processes related to procurement.
  • Proven skill in preparing and analyzing complex technical specifications and bids.
  • Strong negotiation and problem-solving communication skills.
  • Experience with ERP tools like Oracle/SAP and advanced proficiency in Excel.

Responsibilities

  • Conduct thorough market research and SWOT analysis for strategic sourcing.
  • Investigate technology roadmaps to identify supplier opportunities.
  • Recommend and implement effective sourcing strategies for commodities.
  • Establish and nurture supplier relationships to streamline the quoting process.
  • Lead Technical Review meetings between suppliers and engineering teams to clarify specifications.
  • Prepare and manage RFI/RFQ processes ensuring compliance and accuracy.
  • Negotiate on-site with suppliers to ensure cost efficiency and best practices.

Benefits

  • Meaningful work aimed at transforming the automotive industry.
  • Comprehensive health insurance package.
  • Opportunity for equity compensation.
  • Flexible paid time off policy.
  • Casual workplace environment fostering high energy and creativity.
Full Job Description
Overview

Evaluates, selects, and manages Suppliers for serial production commodities of a specialized and complex nature. Conducts research and analysis necessary to recommend & execute sourcing strategies to maximize opportunity, efficiency and cost effectiveness. Engages Suppliers to cultivate relationships and to maintain positive standing in industry. Manages RFI/RFQ process including preparation of all requirements and Statements of Work. Analyzes supplier proposals in comparison to success criteria and applicable benchmarks. Negotiates cost and terms. Monitors Supplier performance and manages gaps. This position requires knowledge of Procurement and Manufacturing principles as well as the use of

Responsibilities

80s of the Position

  • Conducts research of market conditions and relevant SWOT analysis to gather data for strategic planning.
  • Investigates technology roadmaps of industry and key suppliers to anticipate opportunities.
  • Recommends & executes commodity sourcing strategies.
  • Identifies Supplier candidates, establishes relationship to facilitate quoting process.
  • Organizes and leads Technical Review meetings with candidate Suppliers and Canoo Engineering, resolves disconnect in specifications between candidates.
  • Prepares comprehensive RFI/RFQ packages and manages RFI/RFQ process to ensure accuracy.
  • Works with Supplier candidates and internal team to achieve best total landed cost.
  • Works with Canoo team members to construct approval package for leadership consideration, including objective evaluation of key elements such as cost, quality & delivery.
  • Visits Suppliers to conduct on-site negotiations and business review meetings.
  • Audit tooling and unit costs through review of supplier evidence & through on-site visitation.
  • Recommends cost reduction targets, negotiates annual productivity cost reductions, conducts VA/VE review with Supplier and Canoo team members and drives results.
  • Tracks, monitors and updates material sourcing agreements as per pre-negotiated mechanisms.
  • Manage material sourcing agreement in Oracle.
  • Monitors suppliers' performance and works with Supplier and Canoo team members to escalate issues and quickly resolve gaps.
  • Reviews ECR's during program development and in production, assess competitiveness and negotiates.


Qualifications

Required Experience:

  • Bachelor's degree in related field and 8 years of Procurement experience; Or, any equivalent combination of experience and/or education from which comparable knowledge, skills and abilities have been achieved.
  • Knowledge of Procurement principles including strategic sourcing and legal aspects of purchasing.
  • Knowledge of EV and Automotive supply base.
  • Knowledge of materials, products, manufacturing processes and market conditions in area of specialization.
  • Skill in preparing and analyzing complex technical specifications and bids.
  • Skill in both verbal and written communication.
  • Skill in complex communications such as negotiation and problem resolution.
  • Skill in construction and utilization of cost models in commercial negotiation.
  • Ability to analyze supplier's cost breakdown and to judge competitiveness.
  • Ability to prepare for and directly negotiate commercial agreements such as Statements of Work.
  • Ability to benchmark processes for efficiency and cost.
  • Experience with Oracle/SAP ERP, Excel (Advanced), MS officesuite
  • Strong analytical and problem-solving skills.
  • Experience working with Automotive / Electric Vehicle Commodities
  • Strong work ethic and a commitment to excellence and data-driven decision making.
  • Works well on projects on their own as well as with a team, able to clearly communicate ideas.
  • Self-driven with a concentration on execution. Accountable for their own work.


Travel Requirements:

Up to 20% travel may be required

Physical Requirements:

While performing the duties of this job, employees may be required to sit for prolonged periods of time, occasionally bending or stooping, lifting up to 10 pounds, and prolonged periods of computer use.

Reasonable Accommodations:

  • Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the position.


What's Cool About Working Here...

  • Meaningful, challenging work that will redefine the automotive landscape and make EVs available to everyone
  • Comprehensive Health Insurance
  • Equity Compensation
  • Flexible Paid Time Off
  • Casual workplace with an unbelievable feeling of energy

About Canoo

Canoo is a company that specializes in developing electric vehicles. The company's mission is to create affordable, sustainable transportation solutions that are designed for the modern world. Canoo's vehicles are designed to be modular and customizable, allowing customers to choose the features and functions that best suit their needs. The company was founded in 2017 and is headquartered in Torrance, California.
Learn more about Canoo
Size
400 employees
Market Cap
$353 million
Industry
Net Income
-$1.4 million
NASDAQ

Similar Jobs

More Jobs at Canoo

More Manufacturing & Automotive Jobs

Find similar Senior Commodity Buyer jobs: