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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 leading organisation focused on innovation.
- 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 strategic supplier management.
- Qualifications: Bachelor's degree and 5+ years in procurement or category management.
The predicted salary is between 50000 - 65000 £ per year.
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 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 impacts 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 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.
Commodity Manager in England employer: Pho Prime, LLC
Contact Detail:
Pho Prime, LLC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commodity Manager in England
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or attend relevant events. You never know who might have the inside scoop on a Commodity Manager role that’s not even advertised yet.
✨Tip Number 2
Prepare for interviews by researching the company and its competitors. Show us you understand their market position and how your skills can drive cost efficiency and innovation in their category strategies.
✨Tip Number 3
Practice your negotiation skills! As a Commodity Manager, you’ll need to demonstrate your ability to secure favourable terms. Role-play 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 seen by the right people. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Commodity Manager in England
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to 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!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you the perfect fit. Don’t forget to mention any specific achievements that demonstrate your expertise in cost efficiency and negotiation.
Showcase Your Analytical Skills: Since strong analytical skills are crucial for this position, make sure to include examples of how you've successfully managed data and conducted financial analysis in your previous roles. We love seeing numbers that back up your claims!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our 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 ready to hit the ground running.
✨Master Your Numbers
As a Commodity Manager, you'll need to analyse data like a pro. Brush up on your Excel skills and be prepared to discuss how you've used data analysis in past roles. Bring examples of cost-saving initiatives you've led and be ready to explain the financial impact of your decisions.
✨Showcase Your Negotiation Skills
Negotiation is key in this role, so come armed with examples of successful negotiations you've conducted. Be ready to discuss your approach to building supplier relationships and how you’ve secured favourable terms in the past. This will demonstrate your ability to drive cost efficiencies.
✨Emphasise Cross-Functional Collaboration
Highlight your experience working with different teams, such as Operations and Finance. Share specific examples of how you've collaborated to achieve category objectives. This will show that you understand the importance of teamwork in driving strategic initiatives and enhancing asset utilisation.