Manager Procurement - Commodities & Risk

Title: Manager Procurement - Commodities & Risk

               

Location: Eagle, ID

               

Job Requisition ID: Req-271315

               

Time Type: Full time

               

About Lamb Weston

You’ve probably enjoyed our fries without even knowing it! As a leading manufacturer in our industry, we inspire and bring people together with foods they love and trust. Our customer base includes international food service providers, restaurants, and households in over 100 countries around the world. 

A highly innovative global corporation with a start-up mindset, we empower every individual to make a genuine difference. You’ll gain access to hands-on training to fuel your growth and success, explore opportunities for new solutions, and you’ll join a winning team of 10,000+ people all dedicated to raising the bar – together.

If you have a strong drive for results, a desire to help us bring the world together through our fries, and are ready for a fresh challenge, we want to hear from you.

Job Description Summary

               

The Manager Procurement - Commodities & Risk drives the development of best procurement practices, including commodity risk management/mitigation, sourcing strategy definition, deployment, and stakeholder management (Directors and VPs) to maximize total value contribution and fuel the growth of LW. Drives the Procurement value contribution to Lamb Weston while ensuring compliance with policies, strategies, and processes. Maintenance of relationships with internal and external stakeholders, market analysis, supply and financial exposures and risk, and execution of mitigation strategies will be critical. Must maintain the ability to communicate with internal and external stakeholders clearly and concisely with a strong understanding of global ingredient markets, Source to Pay (STP) fundamentals, factory environments, and risk mitigation strategies. A successful candidate understands the STP process from the beginning to end as it pertains to direct material procurement: category and sourcing strategy development, negotiation, contracting, supplier management, and analysis. The role will be responsible for strategy implementation, negotiation and contracting within assigned categories.

Job Description

• Manage strategy development, deployment, and strategic planning for Agricultural Commodity ingredients and inputs.

• Lead the development of long-term strategies (including physical commodity sourcing and financial risk strategies, supplier management strategy, and STP strategy) to meet regional and global business expectations.

• Manage alignment and deployment of global strategies and financial plans.

• Identify and manage connectivity of the Spend Tower with functional stakeholders, suppliers, and internal procurement teams.

• Manage stakeholder engagement and alignment throughout the end-to-end sourcing process.

• Develop risk mitigation and margin enhancement strategies and recommendations for purchased commodities.

• Calculate commodity exposure using cost models and stress tests for forecasted raw material purchases, oversee underlying risk exposure and monitoring process through various reconciliations.

• Create and maintain reports for category and market risk, trade activities, compliance documentation, and develop sensitivity dashboards including open volume impact on cost of goods sold.

• Ensure standardization of processes and tools in coordination with other Spend Towers.

• Coordinate delivery of assigned regional and global KPI’s.

• Be a point person responsible and accountable for delivery of goals for commodity procurement.

• Collect, manage, and report external market intelligence. Provide insights and report on commodity performance, trends, and forecasts.

• Monitor market dynamics and make coverage recommendations to optimize value in commodity markets. Analyze trends in commodity markets.

• Maintain physical and financial commodities positions in compliance with Commodity Risk Policy

• Other duties and responsibilities may be required and/or assigned as necessary.

Basic & Preferred Qualifications

Education/ Certifications:

• Bachelor’s degree in Supply Chain, Business, or Finance required.

• MBA or CPSM/ CPM certification preferred.

Skills and Experience:

• 10+ years related exp