Commodity Manager - Electronics (Teradyne, North Reading, MA)

Teradyne • North Reading, MA

2d • $85,800 - $137,300

About The Position

We are the global test and automation specialists, powering next-generation technologies through sophisticated solutions. Behind every electronic device you use, Teradyne's test technology ensures your device works right the first time, every time! Our portfolio of automation solutions help manufacturers to develop and deliver products quickly, efficiently and cost-effectively. Together, Teradyne companies deliver manufacturing automation across industries and applications around the world! We attract, develop, and retain a high-performance workforce, comprised of people with diverse backgrounds and a shared drive for excellence. We strive to foster a positive and inclusive work environment that helps employees, and communities, thrive. Our Purpose TERADYNE, where experience meets innovation and driving excellence in every connection. We are fueled by creativity and diversity of thought and in our workforce. Our employees are supported to innovate and learn something new every day.We cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences. We believe that our differences enable us to be a better team – one that makes better decisions, drives innovation and delivers better business results.Opportunity OverviewWe are seeking a results-driven professional to join our global procurement team. The Commodity Manager role will focus on procurement of electronic component categories, encompassing the sourcing, negotiation, contracting and purchasing of these essential components for controlling and managing electrical circuits that are directly part of the end products we design and manufacture. Categories include but are not limited to relays, resistors, microcontrollers, and switches. You are the ideal candidate as a highly versatile team player with a strong grasp of global sourcing practices, stakeholder engagement, supplier relationship management, and contractual risk mitigation. You will collaborate cross-functionally with internal stakeholders across regions and business units to drive value, innovation, and compliance.

Requirements

• Bachelors degree in Supply Chain Management, Business Operations or related field. Degree in Engineering, MA/MS Supply Chain Management or MBA a plus.
• 5+ years of progressively responsible experience in sourcing in a technology-based product environment including:
• Ability to perform and influence in a cross functional manner
• Supplier Negotiations
• Cost Reduction
• Commodity Strategy Development
• Contract writing, supplier qualification
• Experience working in a global product company
• Possess a strong desire to learn, influence and exhibit intellectual curiosity

Nice To Haves

• Direct experience in Semiconductors is a plus

Responsibilities

• Lead sourcing initiatives across multiple electronic component 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.
• 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

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees