About this role
Job Description: Strategic Planning & Commodity Ownership
• Develop and execute 3-year commodity strategies aligned with corporate, purchasing, and business unit goals • Take full commercial ownership of assigned suppliers and commodities, acting as the global commodity performance owner • Facilitate commodity strategy meetings for cross-functional and cross-business audiences • Incorporate supply base rationalization, Best Cost Country (BCC) objectives, localization strategies, and new technology drivers into commodity plans • Utilize commodity expertise to create and update Business Plans and Strategic Plan Metrics
Cost Management & Negotiation
• Benchmark supplier pricing and negotiate cost reductions to support GCE margin targets • Mitigate overall inflation in the supply base and drive cost-saving projects • Set negotiation strategy and direction for commodity-level negotiations; include appropriate team members • Manage cost recovery initiatives and provide recovery mechanisms for cost drivers as necessary • Drive cash flow improvement initiatives including payment terms negotiations, consignment stock agreements, and lead time reduction • Maintain price tables and manage requisitions for pricing related to commodity contracts
Supplier Management & Development
• Drive supplier approval process and manage supply base consolidation to increase negotiation leverage • Develop alternate sources to improve cost competitiveness and supply availability • Establish supplier partnerships and strategic alliances to enhance commodity strategies • Utilize supply base knowledge to manage risk from financial instability or insolvency at individual suppliers • Partner with suppliers and factories to improve on-time delivery and reduce lead times
Sourcing Execution & Operations
• Execute sourcing capabilities to drive make-vs-buy decision-making at component and finished goods levels • Assist other Global Commodity Managers in executing their assigned strategies, including regional savings initiatives • Manage and drive commodity review of projects for all relevant commodity activities • Support global factories in overcoming short-, mid-, and long-term sourcing constraints • Coordinate with GCE legal team to ensure contractual obligations minimize risk to the Company • Store contracts according to GCE Corporation policy and determine contract turnover levels
Market Intelligence & Technology
• Analyze market trends and influence factory decision-making with actionable insights • Possess and continuously develop knowledge of supply market trends, associations, trade publications, and indexes • Participate in Advanced Technology projects related to commodities and negotiate with technology partners to mitigate downstream risk • Utilize Advanced Technology knowledge to set technological direction for commodity strategies Team Development
• Mentor and coach junior team members to develop high-grade talent within the sourcing organization • Lead ad hoc cross-functional teams spanning business units and purchasing functions