Commodity Manager

IDEX Corporation • Wooster, OH

4d

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. SUMMARY OF JOB RESPONSIBILITIES: The Commodity Manager is a strategic leader responsible for driving global sourcing strategies that delivers measurable cost savings year-over-year. This role champions supply base optimization and complexity reduction, ensuring alignment with organizational objectives for quality, delivery, innovation, and sustainability. By leveraging market intelligence, data analytics, and cross-functional collaboration, the Commodity Manager will shape competitive advantage through world-class supplier partnerships and proactive risk management.

Requirements

• Strong negotiations and contract management skills
• Proficiency in supply chain analytics and cost modeling
• Excellent communications and collaboration skills
• Ability to drive sustainability initiatives within the supply chain
• Familiarity with VAVE processes, cost modeling, and advanced sourcing analytics
• Proven track record of leading cost-reduction initiatives and delivering savings
• Working knowledge of regional market dynamics and risk mitigation strategies for global sourcing.
• Ability to analyze complex data and make strategic decisions under time constraints.
• Strategic Thinking
• Supplier Relationship Management
• Cost Analysis & Financial Acumen
• Risk Management
• Continuous Improvement Mindset
• Bachelors degree in Supply Chain, Engineering, Business, or related discipline
• At least 5 years experience in commodity management in iron/aluminum castings, metal fabrication, machining, electronics, and plastics.

Responsibilities

• Develop and maintain a cost-reduction project funnel, ensuring initiatives are prioritized, tracked, and executed to meet annual savings targets
• Develop and execute commodity strategies that deliver a minimum of 3% year-over-year material cost savings.
• Analyze market trends and geo-political factors to mitigate risk.
• Identify, qualify, and develop a global network of “best-in-class” suppliers to ensure cost competitiveness, quality, innovation, and sustainability.
• Apply 80/20 mindset to simplify the supply base and reduce complexity for assigned commodities.
• Negotiates agreements with suppliers of assigned global commodities ensuring that the best total cost is realized.
• Collaborates with engineering, operations and finance, to evaluate alternative. materials, processes, and technologies for cost optimization and innovation.
• Manage and continuously improve global supplier performance using supply chain management tools, driving corrective actions and long-term improvements.
• Monitor market dynamics and emerging risks to maintain supply continuity and competitive advantage.

What This Job Offers

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