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- Tasks: Develop and execute category strategies while driving cost efficiency in product management.
- Company: Join a dynamic team focused on strategic sourcing and supplier management.
- Benefits: Competitive salary, travel opportunities, and professional growth in a collaborative environment.
- Other info: Opportunity to work with cross-functional teams and lead change initiatives.
- Why this job: Make a real impact on business performance through innovative sourcing strategies.
- Qualifications: Bachelor's degree and 5+ years of experience in procurement or commodity 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 Fleet 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 Fleet
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry and let them know you're on the hunt for a Commodity Manager role. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its competitors. Understand their category strategies and be ready to discuss how your experience aligns with their goals. This shows you're not just interested in any job, but specifically in helping them succeed.
✨Tip Number 3
Practice your negotiation skills! As a Commodity Manager, you'll need to demonstrate your ability to negotiate favourable terms. Role-play with a friend or mentor to get comfortable discussing pricing and supplier relationships.
✨Tip Number 4
Don't forget to apply through our website! We make it easy for you to showcase your skills and experience directly to us. Plus, it gives you a better chance of standing out in the application process.
We think you need these skills to ace Commodity Manager in Fleet
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 what we're looking for!
Showcase Your Achievements: Don’t just list your responsibilities; showcase your achievements! Use numbers and examples to demonstrate how you’ve driven cost efficiencies or improved supplier relationships in previous roles. This will help us see the impact you've made.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background makes you a perfect fit. We love seeing enthusiasm and a clear understanding of our business objectives.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you’re considered for the role. Plus, it’s super easy to do!
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 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 capability in supplier management and your strategic mindset.
✨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 resonate well with the interviewers.
✨Collaboration is Key
Think of examples where you've successfully collaborated with cross-functional teams. Whether it’s working with operations or finance, showing that you can lead and support change management efforts will highlight your leadership abilities and fit for the role.