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Commodity Manager
PRIMARY PURPOSE: The Commodity Manager serves as a sourcing expert in a particular class of goods or service. This position creates/maintains supplier relationships, negotiates all pricing structures and contracts and ensures pricing and delivery meets contract guidelines.
ESSENTIAL FUNCTIONS and RESPONSIBILITIES
Drives vendor selection strategy, contracts management, and continues monitoring to optimize collaboration and mitigate risks
Writes, launches, manages and successfully closes RFPs for all new suppliers or services.
Reviews and consolidates existing suppliers in an assigned commodity, ensuring unused suppliers are deactivated, redundancies are removed and looks for opportunities to consolidate suppliers providing the same goods or services.
Ensures all supplier contracts are uploaded to the database with key terms captured for reporting
Leads, negotiates and contracts all new and renewal supplier agreements. Tracks all contract negotiations and saves generated contracts in assigned database.
Serves as an internal and external escalation point for all supplier questions and issues.
Measures supplier and vendor performance against agreed on cost savings and cost avoidance targets.
Monitors, tracks and reacts to critical market forecasts and condition changes.
Conducts category spend analyses and reporting, supplier stratification, supply market and category industry research.
Builds and manages relationships with priority business executives, serves as a key member to support implementation of business strategies through advanced procurement initiatives and team alignment,
Facilitates the entire sourcing process and closely collaborate with clients to select and award business to suppliers. Demonstrates a strategic business mindset, organizational savvy, presents an executive-level presence, and balances multiple stakeholder interests simultaneously.
Stays abreast of industry news, market trends, and regulatory changes that could affect commodity prices.
ADDITIONAL FUNCTIONS and RESPONSIBILITIES
Performs other duties as assigned.
Supports the organization’s quality program(s).
Travels as required.
QUALIFICATIONS
Education & Licensing
Bachelor’s degree in Business, Supply Chain, or Finance from an accredited college or university preferred.
Related certifications such as IIBA, and /or CPM, CIPS or CPSM preferred.
Experience
Eight (8) years of related experience or equivalent combination of education and experience required. Experience with P2P platforms and Power BI preferred.
Skills & Knowledge
Excellent oral and written communication skills with the ability to present complex topics in a concise manner with audiences at various levels
PC literate, including Microsoft Office products, with a strong basis in Excel and PowerPoint
Strong analytical, interpretive and storytelling skills with data
Strong organizational and time management skills
Excellent interpersonal skills
Excellent negotiating skills
Ability to create and complete comprehensive, accurate and constructive written reports
Ability to work in a team environment
Ability to meet or exceed Performance Competencies
Self-confident with an ability to accept and respond to challenges in a positive manner
WORK ENVIRONMENT
When applicable and appropriate, consideration will be given to reasonable accommodations.
Mental: Clear and conceptual thinking ability; excellent judgment, troubleshooting, problem solving, analysis, and discretion; ability to handle work-related stress; ability to handle multiple priorities simultaneously; and ability to meet deadlines
Physical: Computer keyboarding, travel as required
Auditory/Visual: Hearing, vision and talking
The statements contained in this document are intended to describe the general nature and level of work being performed by a colleague assigned to this description. They are not intended to constitute a comprehensive list of functions, duties, or local variances. Management retains the discretion to add or to change the duties of the position at any time.
Sedgwick is an Equal Opportunity Employer and a Drug-Free Workplace.
If you're excited about this role but your experience doesn't align perfectly with every qualification in the job description, consider applying for it anyway! Sedgwick is building a diverse, equitable, and inclusive workplace and recognizes that each person possesses a unique combination of skills, knowledge, and experience. You may be just the right candidate for this or other roles.