01Overview
Job Description:
Strategic Planning & Commodity Ownership
Develop and execute 3-year commodity strategies aligned with corporate, purchasing, and business unit goalsTake full commercial ownership of assigned suppliers and commodities, acting as the global commodity performance ownerFacilitate commodity strategy meetings for cross-functional and cross-business audiencesIncorporate supply base rationalization, Best Cost Country (BCC) objectives, localization strategies, and new technology drivers into commodity plansUtilize 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 targetsMitigate overall inflation in the supply base and drive cost-saving projectsSet negotiation strategy and direction for commodity-level negotiations; include appropriate team membersManage cost recovery initiatives and provide recovery mechanisms for cost drivers as necessaryDrive cash flow improvement initiatives including payment terms negotiations, consignment stock agreements, and lead time reductionMaintain 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 leverageDevelop alternate sources to improve cost competitiveness and supply availabilityEstablish supplier partnerships and strategic alliances to enhance commodity strategiesUtilize supply base knowledge to manage risk from financial instability or insolvency at individual suppliersPartner 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 levelsAssist other Global Commodity Managers in executing their assigned strategies, including regional savings initiativesManage and drive commodity review of projects for all relevant commodity activitiesSupport global factories in overcoming short-, mid-, and long-term sourcing constraintsCoordinate with GCE legal team to ensure contractual obligations minimize risk to the CompanyStore contracts according to GCE Corporation policy and determine contract turnover levels
Market Intelligence & Technology
Analyze market trends and influence factory decision-making with actionable insightsPossess and continuously develop knowledge of supply market trends, associations, trade publications, and indexesParticipate in Advanced Technology projects related to commodities and negotiate with technology partners to mitigate downstream riskUtilize 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 organizationLead ad hoc cross-functional teams spanning business units and purchasing functions .