Commodity Manager

Veralto Corp.•Wood Dale, IL

29d•Hybrid

About The Position

Videojet is proud to be a Product Quality & Innovation company in Veralto (NYSE: VLTO). Imagine a world where everyone has access to clean water, safe food and medicine, and trusted essential goods. That is the tomorrow Veralto is creating today. Veralto is a $5B global leader in essential technology solutions made up of over 16,000 associates across our Water Quality and Product Quality & Innovation segments all united by a powerful purpose: Safeguarding the World's Most Vital Resources. Videojet Technologies (www.videojet.com) is a leading global manufacturer of coding and marking solutions. With more than 400,000 units installed worldwide, Videojet covers all major technologies, including continuous and thermal inkjet, laser, thermal transfer overprinting, and case coding. As part of our team, you'll make an immediate, measurable impact on Safeguarding everyday essentials. You'll also belong to a respectful and collaborative community that fosters career growth and professional development. You'll be supported by resources that make a positive difference in your life because, at Videojet, we value your authenticity and want your talents to shine. About the role: We are currently seeking a dynamic individual to join our team as Commodity Manager. This pivotal position involves the development and execution of commodity strategy, strategically sourcing components to achieve lowest total cost of ownership, and supporting ongoing initiatives that reduce risk and increase value for the customer. Reporting directly to the Global Procurement Director, this role is based in Wood Dale, IL, requiring a minimum on-site presence of three days per week. If you are passionate about driving efficiency and excellence in procurement and supply chain management, we invite you to join us and contribute to our corporation's continued success.

Requirements

Minimum of 1-3 years in Procurement or Supply Chain Management.
BS degree in Business Administration, Engineering, Supply Chain Management, or similar discipline
Demonstrated project management experience.
Financial acumen and demonstrated aptitude in analytics and decision-making.
Ability to travel when required.

Responsibilities

Manage overall responsibility of material spend between $15M - $25M.
Develop, negotiate, and complete contracts/agreements with suppliers that minimize TCO, improve quality, minimize supply risk and assure on-time delivery.
Develop an in-depth knowledge of assigned commodities, global supply markets, new technologies, supply landscape and pricing trends
Build and lead a pipeline of PPV/VAVE projects by conducting cross functional workshops throughout Videojet Technologies Inc. and help implement them.
Develop and implement working capital turns improvement programs including payment terms extension, inventory reduction, lead time reduction, Consignment and 3PL
Prepare and conduct RFQ/RFQ's and analyze quotes, including conducting e-auctions as needed. Conduct, analyze and perform cost break down analysis to support negotiations, to result in best overall cost and commercial terms.
Provide support to manufacturing locations for supplier performance issues related to quality and delivery.
Deliver measurable and auditable results in policy deployment targets and key performance indicators.

Benefits

Comprehensive benefits package (medical, dental, vision & more) eligible on day 1 of employment
Annual bonus as well as annual salary review
Permissive paid time off policy emphasizing flexibility and trust
Paid Holidays!
Training and development opportunities
401K savings plan + company match
Tuition reimbursement
Paid Parental Leave
Veralto Wellbeing Program, with rewards
Employee Assistance Program (legal, financial, and counselling resources)