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Commodity Manager
Saronic Technologies
Austin, TX, USA
Posted on Nov 12, 2024
Saronic Technologies is a leader in revolutionizing defense autonomy at sea, dedicated to developing state-of-the-art solutions that enhance maritime operations for the Department of Defense (DoD) through autonomous and intelligent platforms.
Job Overview:
The Commodity Manager is responsible for overseeing the sourcing and procurement of materials and components within a specific commodity category, ensuring cost-effective and efficient supply chain operations. This role works closely with internal stakeholders, suppliers, and cross-functional teams to drive supplier performance, optimize inventory, mitigate risks, and manage commodity strategies that align with the organization's business objectives.
Responsibilities
- Commodity Sourcing and Procurement: Lead sourcing and procurement activities for assigned commodity groups, including raw materials, components, or services. Establish and maintain strong relationships with key suppliers to ensure reliable and cost-effective supply chains.
- Cost Management and Optimization: Develop and implement cost-saving strategies and continuous improvement programs. Negotiate prices, contracts, and terms with suppliers to optimize cost structures while maintaining quality standards.
- Supplier Relationship Management: Collaborate with suppliers to ensure on-time delivery, high-quality standards, and continuous improvement in performance. Monitor supplier performance using key performance indicators (KPIs) and implement corrective actions when necessary.
- Inventory Management: Work closely with inventory and logistics teams to ensure appropriate inventory levels are maintained for materials and components. Minimize excess inventory and reduce supply chain bottlenecks.
- Risk Management: Identify and manage risks within the supply chain, including supply disruptions, price volatility, and supplier reliability. Develop contingency plans to mitigate potential supply chain disruptions.
- Cross-functional Collaboration: Work closely with product development, engineering, operations, and finance teams to align commodity strategies with organizational goals and ensure smooth coordination across departments.
- Market Analysis and Trends: Monitor and analyze market trends, commodity pricing, and supply chain dynamics to anticipate changes in the marketplace. Provide strategic recommendations to senior management based on market intelligence.
- Compliance and Sustainability: Ensure that all procurement activities comply with company policies, legal requirements, and sustainability objectives. Support initiatives related to ethical sourcing and environmental responsibility.
- Reporting and Analytics: Prepare regular reports and dashboards on commodity performance, supplier status, cost savings, and market conditions for senior leadership and stakeholders.
Qualifications
- Bachelor’s degree in Supply Chain Management, Business, Engineering, or related field (Master's degree or certifications like CPSM, APICS, or CPIM preferred).
- 5+ years of experience in supply chain management, procurement, or commodity management, ideally in a manufacturing or production environment.
- Strong negotiation, communication, and interpersonal skills.
- Demonstrated experience in supplier relationship management and contract negotiations.
- In-depth knowledge of commodity markets, pricing, and global sourcing strategies.
- Strong analytical and problem-solving skills.
- Proficiency with supply chain management software (ERP, SAP, Oracle, etc.) and Microsoft Office Suite.
- Ability to work in a fast-paced, cross-functional environment.
- Experience in strategic sourcing and category management.
- Knowledge of Lean, Six Sigma, or other process improvement methodologies.
- Familiarity with global supply chain logistics and trade regulations.
Benefits
- Medical Insurance: Comprehensive health insurance plans covering a range of services
- Saronic pays 100% of the premium for employees and 80% for dependents
- Dental and Vision Insurance: Coverage for routine dental check-ups, orthodontics, and vision care
- Saronic pays 99% of the premium for employees and 80% for dependents
- Time Off: Generous PTO and Holidays
- Parental Leave: Paid maternity and paternity leave to support new parents
- Competitive Salary: Industry-standard salaries with opportunities for performance-based bonuses
- Retirement Plan: 401(k) plan
- Stock Options: Equity options to give employees a stake in the company’s success
- Life and Disability Insurance: Basic life insurance and short- and long-term disability coverage
- Additional Perks: Free lunch benefit and unlimited free drinks and snacks in the office
Saronic does not discriminate on the basis of race, sex, color, religion, age, national origin, marital status, disability, veteran status, genetic information, sexual orientation, gender identity or any other reason prohibited by law in provision of employment opportunities and benefits.