Commodity Manager

Hollingsworth & Vose
East Walpole, MA Full Time
POSTED ON 8/22/2023 CLOSED ON 3/17/2024

What are the responsibilities and job description for the Commodity Manager position at Hollingsworth & Vose?

SUMMARY:

The Commodity Manager is responsible for developing, establishing, and executing optimal commodity & sourcing strategies for global raw materials. Establish & enhance Supplier relationships through skillful negotiating and relationship development to drive sourcing & supplier initiatives to meet or exceed product quality, service & deliver sustainable cost reductions, and reduce risk in the Supply Chain. Responsible for collaborating with internal stakeholders and aligning on optimal sourcing strategies to develop and implement a Commodity Strategy for the assigned category.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:

  • Identify raw material sourcing strategies, negotiate pricing and delivery to ensure uninterrupted flow of raw material to H&V facilities through effective supply base management.
  • Identify alternate suppliers, coordinate qualification trails and supplier workshops with key suppliers.
  • Utilize strategic sourcing, make x buy, and total cost analysis strategies to drive suppliers and spend including online auctions to effectively manage the commodities.
  • Strategically manage raw materials spend; ensure quality, sourcing and commodity strategies are in place, competitively priced and compliant with any laws/regulations and working capital levels meet or exceed corporate objectives.
  • Identify cost savings opportunities and manage cost reduction activities to achieve a min of 5% annual cost reduction goal with supply chain leadership, utilizing a formal strategic sourcing process.
  • Collect and analyze market and supplier data, develop sourcing options for review and concurrence by the applicable business unit, and implement approved strategies timely to capture savings and value to the business.
  • Gain supplier involvement in supplier management to drive continuous improvement and productivity.
  • Lead cross-functional team(s) in the identification of alternative products and suppliers, facilitate qualification trials, and conduct supplier management to drive continuous improvement.
  • Work with the regions to ensure the global strategy implementation.
  • Be an escalation point for the Supply chain team at the plant levels regarding any supplier related topic.
  • Negotiate global contracts.
  • Execute and revise the Supplier Segmantion process to implement the SRM strategies for all global suppliers
  • And other related duties as assigned or required.

EDUCATION AND EXPERIENCE:

  • BS/BA degree required. MBA preferred.
  • Minimum of seven (7) years experience in raw material sourcing and procurement, preferably in engineered papers and nonwovens related industry.
  • Excellent background in supplier risk management, commodity strategy development/execution, contract negotiations and manufacturing operations.

SPECIFIC KNOWLEDGE, SKILLS, LICENSES, CERTIFICATIONS, ETC:

  • Analytical mindset and excel skills
  • Thorough knowledge of suppliers globally and global sourcing strategies; including low cost country sourcing experience, good knowledge of energy and logistic markets.
  • Excellent financial acumen, ability to analyze budgets, international exchange rates, and financial ramifications of contracts and the ability to measure success and show results in bottom line.
  • Excellent organization capabilities and project management skills.
  • Strong negotiation skills
  • Ability to work in a matrix environment.
  • Ability to have continuous improvement mindset

CORE COMPETENCY REQUIREMENTS:

The person that assumes this role must possess the following personal attributes necessary for success within H&V in order to meet our business objectives:

  • Safety Focus – The ability and propensity to take the practical actions necessary to ensure that workplace accidents, injuries, and illnesses are minimized.
  • Creativity and Innovation – The capacity to originate new or radical alternatives to traditional methods, approaches, and products.
  • Customer Service Orientation – The ability to identify, understand, and give priority to satisfying the needs of internal and external customers.
  • Quality Orientation – The ability and propensity to take action necessary to ensure that all work is completed with accuracy and integrity.
  • Relationship Building – The ability and propensity to build and maintain friendly, reciprocal, and warm relationships or networks of contacts with people who are, or might someday be, useful in achieving sales and service-related goals.
  • Change Orientation – The ability and propensity to respond positively and appropriately when confronted with the need to change.
  • Achievement Motivation – The drive and determination to reject average performance and set challenging goals for self and others at H&V to achieve significant improvements.

LEADERSHIP-SPECIFIC COMPETENCY REQUIREMENTS:

As a leader, the person that assumes this role must also possess the following personal attributes necessary for success within H&V in order to meet our business objectives:

  • Developing Others – Give quality time and planned commitment to direct reports, providing processes and opportunities for them to understand their strengths & limitations in relation to a range of high quality and relevant competencies.
  • Managing Performance – The ability to manage the contribution and performance of individuals and teams to ensure that objectives are achieved and standards met.
  • Creating and Communicating a Vision – The ability to provide vision, goals, and direction and to inspire, motivate, and empower others to achieve these objectives.

Hollingsworth & Vose is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, gender, sexual orientation, gender identity or expression, religion, national origin, marital status, age, disability, veteran status, genetic information, or any other protected status.

Salary : $107,000 - $136,000

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