Commodity Manager

Job Description

Job Description

Position Purpose : We are looking for an ambitious and self-driven Commodity Manager that has experience in Nutraceuticals Procurement and Powder Supply Chain. As a Commodity Manager, you will be responsible for building and maintaining supplier relationships. Also, identifying necessary products and services to support daily operations. You will play a crucial role in Somafina’s operations as well as productivity.

Duties & Responsibilities :

• Develops, negotiates, and manages vendor programs and relationships.
• Do often research to understand company's operations needs and requirements.
• Develop suppliers and support improving quality.
• Lead the negotiation and management of strategic supplier contracts.
• Advise Management on a continuing basis to include commodity cost trends, material availability, production options, alternatives.
• Visit suppliers to evaluate their facilities, capacity and ability to meet Norax Supplements requirements specifications and delivery dates.
• Keep abreast of industry and market trends and best practices.
• Conducts regular category reviews with preferred vendors and senior management.
• Manages vendor communications and consistently provides vendor performance feedback and resolves issues based on vendor scorecard assessment.
• Monitors attainment of product category and supplier service level and turn goal.
• Ensure the commodity grouping strategy is developed, tracked and measured against key performance criteria.
• Develop and / or assist in developing sourcing strategies for assigned commodity groupings and implement new strategies once approved.
• Work to minimize inventory levels, and to maximize cash flow and working capital while ensuring adequate inventory to support customer delivery.
• Identify cost savings opportunities and manage cost reduction activities to achieve the annual cost reduction goal.
• Negotiate agreements with critical suppliers to secure the highest quality goods and value based on market shifts, supply chain demands and various product offerings.
• Perform other duties as assigned.

Requirements & Qualifications :