Commodity Manager

IDEX•Greenwood, NE

20h

About The Position

If you’re looking for a special place to build or grow your career, you’ve found it. Whether you’re an experienced professional, a recent college graduate or somewhere in between, IDEX is a place where you can apply your existing skills and learn new ones in an environment where you can make an impact. With interesting opportunities in engineering, marketing, sales, supply chain, operations, HR, finance, and more across more than 40 diverse businesses around the globe, chances are, we have something special for you. Commodity Manager KZValve, LLC – Greenwood, NE GENERAL PURPOSE The Commodity Manager is responsible for leading KZ Valve’s (Greenwood, NE) global material sourcing and supplier base management. The Commodity Manager must develop, prioritize, and execute short and long-term commodity strategies that reduce supply chain complexity and achieve continuous YOY material productivity improvements. The individual is accountable for the supply base management of the commodity and use a variety of tools to drive supplier delivery and quality improvements. Identify and develop “best in class” international and domestic supply base for critical components while also reducing overall supply chain complexity. This key leader will work closely with the Supply Chain team in the development of strategic plans and supporting objectives and will act as a backup to the Buyer as needed.

Requirements

Bachelor’s degree in Supply Chain, Business Administration, or related discipline
Minimum of 5 years’ (7-10 preferred) experience in commodity management in a manufacturing environment, or equivalent combination of education and experience
Demonstrated project management skills
Up to 25% travel required, if remote up to 50% travel required
Excellent communication, analytical and problem-solving skills
Strong organizational, time management, and interpersonal skills
Willing to work with processes and systems that are evolving and subject to change
Ability to work in a team environment as well as work independently with minimal supervision
Strong orientation toward continuous improvement – Lean/Six Sigma
Must be self-motivated and resourceful
Strong collaboration, training, and coaching skills
Ability to influence behavioral change.

Nice To Haves

Experience in managing a global supply base strongly preferred

Responsibilities

Build strategic relationship with key suppliers and be proactive in managing the relationship to ensure no disruption in supply chain and ensure additional savings.
Responsible for supplier negotiations and developing win-win strategies that achieve sustainable relationships with suppliers.
Responsible to develop and execute commodity strategies that achieves quality, delivery, cost, and inventory targets within respective commodities.
Understand current market conditions, Geo-political environment and incorporate into commodity strategies to effectively mitigate supply chain risk.
Identify potential risks in the global supply chain and implement continency plans internally and externally to mitigate those risks.
Negotiates agreements with suppliers of assigned global commodities ensuring that the best total cost is realized. Contracts will include such items, as discounts, payment terms, shipping terms, stocking agreements, quality parameters, service requirements, supply chain connections and other items deemed valuable to IDEX.
Lead in the selection and qualification process of suppliers including managing RFQ process when applicable.
Utilizes 80/20 mindset to establish strategies and reduce supply base complexity for assigned commodities. This also includes identifying opportunities for product complexity reduction and leading project teams to do so.
Manage Global supply base and incorporate supply chain management tools to continually improve supplier performance and drive internal efforts to resolve supplier issues.
Assist product teams in gaining a competitive advantage by incorporating product roadmaps, current market conditions, and new technologies within their commodities. Continually assess and evaluate new suppliers.
Oversees the process to select and manage suppliers with a focus on scalability. Measure and track performance for each supplier category.
Establish external cadence around supplier visits/site visits, with metrics for top partners to be reviewed on a monthly/quarter basis with suppliers.
Lead and support supplier improvement initiatives and supplier quality assessments and audits.
Build strong partnerships and collaborate with cross-functional teams including supply chain, engineering, quality, production and other IDEX BU’s/IDEX Office of Business Services.
Focus on direct and indirect cost productivity. Lead cross-functional teams to drive annual productivity improvements in each spend category.
Lead cross-functional project teams to implement product complexity reduction and improvement.
Develop accurate material cost forecast based on the market, industry, and economic factors. This will include material and component cost models within each commodity to accurately predict future material costs for the organization.
Acquire sources for new technologies that provide KZ Valve with a competitive advantage.
Serve as a backup to the KZ Valve Buyer role as needed.