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For Companies At a Glance
- Tasks: Lead strategic sourcing and develop category strategies to drive cost efficiency.
- Company: Join a dynamic team in a forward-thinking organisation.
- Benefits: Competitive salary, travel opportunities, and professional growth.
- Other info: Collaborative environment with opportunities for career advancement.
- Why this job: Make a real impact on business performance through innovative supplier management.
- Qualifications: Bachelor's degree and 5+ years in procurement or category management.
The predicted salary is between 36000 - 60000 £ per year.
Overview
We are seeking a highly skilled and motivated Commodity Manager to join our dynamic team. As a Commodity Manager, you will be responsible for developing and executing category strategies while driving cost efficiency within your assigned product category. Your expertise in product knowledge, acquisition strategies, total cost analysis, and supplier management will be essential in achieving our business objectives. This is an exciting opportunity to play a key role in leading strategic sourcing and acquisition strategies that will enhance asset utilization and directly impact bottom line performance.
Responsibilities
- Category Strategy Development: Develop and implement comprehensive category strategies aligned with overall business objectives. Identify market trends, customer (BU) preferences, and competitive landscape to drive innovation and value within the category. Stay current on the latest cost benchmarking, supply management best practices and world-class spend management strategies.
- Supplier Management: Identify, evaluate, and build alliances with strategic suppliers while nurturing existing supplier relationships. Negotiate favorable terms and conditions, including pricing, discounts, and product support. Collaborate closely with suppliers to drive innovation, quality improvement, and supply chain efficiencies. Lead negotiations with strategic vendors to secure favorable terms, pricing, and exclusive deals. Drive cost savings initiatives while maintaining high-quality standards.
- Spend Management: Analyze procurement spend and create cost estimates and forecasts. Assess cost impact(s) of new contracts and pricing structures and conduct financial analysis to negotiate favorable terms while driving cost efficiencies. Collaborate with Operations to plan and execute category objectives to maximize asset ROI and utilization.
- Supply Management: Develop and execute supply planning strategies, ensuring on-time product availability while minimizing excess costs and gaps in operational needs. Collaborate with suppliers and internal cross-functional teams, including BU Operations, Fleet, and Finance to ensure on-time demand fulfillment for critical assets.
- RFX Management: Issue, manage and execute RFX processes for assigned categories. Analyze request for quote (RFQ) responses, evaluating and negotiating agreements based on total cost of ownership.
- Cross-functional Collaboration & Leadership: Collaborate with internal stakeholders across numerous departments to develop and deliver strategic initiatives related to category assets. Lead and support change management efforts within business units to leverage strategic vendor programs adoption and synergy.
Ideal Requirements
- Bachelor’s degree or advanced degree in supply chain, business administration, construction management, finance, or relevant field.
- Advanced ability to cleanse, analyze, and manage large amounts of data in Excel.
- 5+ years of experience as a Senior Buyer or Category Manager.
- Familiarity with managing both direct and indirect spend categories.
Requirements
- Bachelor’s degree. Advanced degree is a plus.
- Proven experience as a Commodity Manager or in a similar role.
- Strong analytical skills with the ability to interpret complex data and market trends.
- Excellent negotiation and vendor management abilities.
- Demonstrated experience in developing and executing successful category strategies.
- Solid understanding of cost reduction strategies, promotional planning, and strategic sourcing principles.
- Proficiency in using data analysis tools and software for market research and performance analysis.
- Strong communication and interpersonal skills with the ability to collaborate effectively across teams.
- Entrepreneurial spirit and results-oriented mindset with a focus on driving business growth and profitability.
- Willingness to travel approximately 20% of the time.
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Commodity Manager employer: Pho Prime, LLC
Contact Detail:
Pho Prime, LLC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commodity Manager
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or attend relevant events. We all know that sometimes it’s not just what you know, but who you know that can help you land that Commodity Manager role.
✨Tip Number 2
Prepare for interviews by researching the company and its competitors. We want you to be able to discuss how your skills in supplier management and cost efficiency can directly impact their bottom line. Show them you mean business!
✨Tip Number 3
Practice your negotiation skills! As a Commodity Manager, you’ll need to demonstrate your ability to secure favourable terms. We suggest role-playing with a friend or mentor to get comfortable with those tough conversations.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Commodity Manager
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Commodity Manager role. Highlight your experience in category strategy development and supplier management, as these are key aspects of the job. We want to see how your skills align with our needs!
Show Off Your Analytical Skills: Since this role requires strong analytical abilities, don’t shy away from showcasing your data management and financial analysis skills. Use specific examples from your past experiences to demonstrate how you've successfully driven cost efficiencies.
Highlight Your Negotiation Experience: Negotiation is a big part of being a Commodity Manager. Share instances where you’ve negotiated favourable terms with suppliers or led successful sourcing initiatives. We love to see how you can bring value through your negotiation prowess!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows your enthusiasm for joining our dynamic team!
How to prepare for a job interview at Pho Prime, LLC
✨Know Your Category Inside Out
Before the interview, dive deep into the specific product category you'll be managing. Understand market trends, key suppliers, and recent innovations. This knowledge will not only impress your interviewers but also show that you're proactive and genuinely interested in the role.
✨Showcase Your Negotiation Skills
Prepare examples of past negotiations where you secured favourable terms or drove cost efficiencies. Be ready to discuss your approach and the outcomes. This will demonstrate your ability to manage supplier relationships effectively, which is crucial for a Commodity Manager.
✨Data is Your Best Friend
Brush up on your data analysis skills, especially in Excel. Be prepared to discuss how you've used data to inform your category strategies or cost-saving initiatives. Highlighting your analytical prowess will reassure them that you can handle the financial aspects of the role.
✨Collaboration is Key
Think of examples where you've successfully collaborated with cross-functional teams. Whether it's working with operations, finance, or suppliers, showing that you can lead and support change management efforts will set you apart as a strong candidate for this position.