Director, Commodity Management

We are seeking a dynamic and results-oriented Commodity Director to lead and elevate our commodity management function. Reporting to Senior Director, Supply Chain Management, you will be instrumental in developing and executing robust commodity strategies, optimizing processes, and fostering a high-performing team. You will be a key driver in enhancing our overall supply chain competency and maturity, ensuring cost-effectiveness, and building strong, collaborative relationships with cross-functional stakeholders. This is an exciting opportunity to make a significant impact on our organization's success.

Responsibilities:

• Commodity Strategy Framework Development and Execution: 

  • Improve and execute comprehensive commodity strategies aligned with business objectives and market dynamics- supply security, timeline, risk and cost

  • Identify and evaluate emerging commodity trends and potential impacts to the business.

• Process and Workflow Optimization: 

  • Analyze current commodity management processes and workflows to identify areas for improvement and efficiency gains.

  • Design and implement streamlined, standardized processes for sourcing, procurement, and supplier management.

  • Leverage best practices and technology to enhance workflow automation and data management.

• KPI Establishment and Performance Tracking: 

  • Baseline tool, process gaps 

  • Define and establish key performance indicators (KPIs) to measure the effectiveness of commodity strategies and team performance, including cost savings, supplier performance, and risk mitigation.

  • Develop and implement robust cost tracking mechanisms and reporting.

• Team Leadership, Organizational Maturity and Improve Competency 

  • Lead, mentor, and develop a team of commodity managers, fostering a collaborative and high-performance culture.

  • Set clear performance expectations, provide regular feedback, and identify opportunities for professional growth.

  • Build a strong and capable commodity team to support the organization's strategic goals.

• Cross-Functional Collaboration and Communication: 

  • Establish and maintain strong collaborative relationships with key cross-functional stakeholders, including R&D, Program Management, Quality, and Manufacturing.

  • Effectively communicate commodity strategies, market insights, and potential risks to relevant teams.

  • Partner with R&D to influence design decisions (DFM - Design for Manufacturability) based on commodity expertise and supplier capabilities.

• Strategic Supplier Relationship Management (SRM) and Complex Contract Negotiations

  • Develop and execute strategies for building and maintaining strong, strategic relationships with key suppliers.

  • Collaborate with suppliers on continuous improvement initiatives, cost optimization, and risk mitigation.

  • Conduct regular supplier performance reviews and drive accountability.

  • Develop negotiation strategies and tactics to achieve optimal outcomes.

  • Address complex contract issues when escalated.

• Prioritization and Execution: 

  • Effectively prioritize competing demands and manage multiple projects simultaneously.

  • Drive initiatives to completion with a focus on delivering tangible results.

Qualifications:

• Bachelor's degree in Supply Chain Management, Business Administration, Engineering, or a related field. MBA or advanced degree is a plus.   

• 10 + years of progressive experience in commodity management, strategic sourcing, and procurement, with minimum 5-year direct team management experience.

• Demonstrated experience in developing and implementing successful commodity strategies.

• Excellent collaboration and communication skills, with the ability to effectively interact with cross-functional teams and external stakeholders.

• Proven ability to establish and track KPIs and drive performance improvements.   

• Deep understanding of overall supply chain principles and