Commodity Manager I

Terumo • Franklin Township, NJ

44d

About The Position

The Commodity Manager I drives best practice into the Indirect Procurement categories in line with GBS objectives, active professional and industry benchmarking & awareness. This role will buy and procure the best quality equipment, goods and services (Indirect Procurement) at the most competitive prices. The position is expected to obtain the best quality, service, and value for products and services through effective bidding, negotiation, and supplier management. This position requires an understanding of the technology life cycle, specifications, scopes of work, timing, quantity leverage, market dynamics and drivers, supplier capability and best sourcing practices to develop and implement competitively advantaged sourcing plans. In addition, this position drives risk mitigation initiatives and creates value in the supply chain by leading site-specific and regional supplier negotiations and managing projects that lead to cost reductions/avoidances, mitigation of risk, lead time reductions and improved supplier relationships & agreements.

Requirements

• Proven track record of successfully managing procurement activities, including sourcing, negotiation, and supplier management.
• Strong leadership skills with the ability to provide guidance and support to procurement team members.
• Excellent negotiation, communication, and interpersonal skills.
• Proficiency in procurement software and Microsoft Office Suite.
• Strategic thinking and problem-solving abilities.
• Self-starter with the ability to quickly learn about new processes with very little information provided.
• Familiarity with relevant regulations, compliance standards, and risk management practices.
• Ability to drive continuous improvement initiatives and optimize costs.
• Integrity, professionalism, and a commitment to maintaining high standards of quality and compliance.
• Strong knowledge of sourcing and logistics best practices, policies, and legal contracting.
• Knowledge and application of supplier contract strategy, negotiations, contractual terms, and contract administration
• Knowledge of supplier processes and supply chain risk factors including experience in assessing and mitigating risk in the supply base
• Bachelor’s Degree in Supply Chain Management, Business, Finance, Engineering, or related field required, or equivalent education and years of directly related experience
• Minimum of 5 years of experience in procurement, strategic sourcing, or supply chain management, preferably in a similar industry or operational manufacturing environment.
• Experience utilizing an Enterprise Resource Planning (ERP) system.

Nice To Haves

• SAP/Ariba preferred.
• Project Management experience preferred
• CPSM, C.P.M., SPSM or any other procurement certifications a plus.
• Familiarity with FDA’s Supplier Controls preferred.

Responsibilities

• Main point of contact for the organization and the suppliers to manage the RFI / RFP process, commercial negotiations, and contract negotiations for the suppliers, belonging to your dedicated spend categories.
• Run cost saving and improvement projects in close cooperation with your internal stakeholders, taking into account their short and long term needs.
• Maintain close and active contact both with your suppliers as well as your internal stakeholders, to guarantee that the most suitable and competitive deal is closed and build good supplier relations according to supplier relationship management (SRM) principles
• Manage the centralization of the purchasing & procurement activities, for your dedicated spend categories on indirect purchasing and procurement
• Install SLA’s and KPI’s where relevant.
• Drive improvement initiatives in line with GBS priorities
• Support the budget process for your dedicated spend categories.

What This Job Offers

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