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Commodity Consulting Jobs in Michigan (NOW HIRING)

... commodity) strategy development to ensure activities are building blocks for sustainability and future success. Procurement consulting * Support and lead procurement transformation initiatives ...

... commodity) strategy development to ensure activities are building blocks for sustainability and future success. Procurement consulting * Support and lead procurement transformation initiatives ...

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Commodity Consulting information

What is the difference between Commodity Consulting vs Commodity Trading?

AspectCommodity ConsultingCommodity Trading
Required CredentialsRelevant degrees, certifications in commodities or financeFinancial licenses, trading certifications
Work EnvironmentAdvisory firms, consulting agenciesTrading floors, financial institutions
Employer & Industry UsageConsulting firms, energy, agriculture, metals sectorsBanks, trading companies, hedge funds
Search & Comparison IntentUnderstanding advisory roles, career pathsMarket analysis, investment strategies

Commodity Consulting involves advising clients on commodity markets, risk management, and strategy, often within consulting firms or energy companies. In contrast, Commodity Trading focuses on buying and selling commodities directly in financial markets or trading floors. While both roles require knowledge of commodities, consulting emphasizes advisory services, whereas trading centers on executing transactions for profit.

What are the key skills and qualifications needed to thrive as a Commodity Consultant, and why are they important?

To thrive as a Commodity Consultant, you need analytical expertise in market trends, risk management, and supply chain logistics, often supported by a degree in finance, economics, or a related field. Familiarity with commodity trading platforms, data analytics tools, and relevant certifications like CFA or FRM is highly valuable. Strong negotiation, communication, and relationship-building skills help consultants effectively advise clients and foster trust. These competencies are critical for making informed recommendations and driving profitable outcomes in dynamic, global commodity markets.

What is commodity consulting?

Commodity consulting is a professional service that provides expert advice and strategic guidance to businesses involved in the buying, selling, or trading of commodities such as energy, metals, agriculture, and more. Consultants in this field help organizations manage price risk, optimize procurement and supply chain strategies, and navigate market volatility. They also offer insights on market trends, regulatory compliance, and sustainability practices. The goal is to help clients make informed decisions that improve profitability and reduce exposure to commodity price fluctuations.

What are some common challenges faced by professionals in commodity consulting, and how can they be addressed?

Professionals in commodity consulting often encounter challenges such as rapidly changing market conditions, volatile prices, and complex regulatory environments. Staying updated on global trends and maintaining strong analytical skills are essential to provide accurate, timely advice to clients. Successful consultants also develop robust communication and relationship-building abilities to collaborate with diverse stakeholders, including producers, traders, and financial institutions. Leveraging industry tools and continuously expanding one's professional network are effective strategies to address these challenges and deliver value to clients.
What are popular job titles related to Commodity Consulting jobs in Michigan? For Commodity Consulting jobs in Michigan, the most frequently searched job titles are:
What cities in Michigan are hiring for Commodity Consulting jobs? Cities in Michigan with the most Commodity Consulting job openings:

COMMODITY BENCHMARKING ANALYST

RLE International

Allen Park, MI

Full-time

Re-posted 9 days ago


Job description

Company Information:

RLE INTERNATIONAL is one of the world’s leading engineering and consultation service ­providers to the international mobility and energy industries. Based on our engineering development and methodological expertise, we claim over 40 years’ experience creating innovative and effective solutions for our international customers. RLE believes in providing excellence in Engineering Services and supporting our customers in developing mobility solutions worldwide. Locations in Europe, North America, India, and China allow us to remain close to our ­customers. Our employees play an active role in shaping the future of our company by continuously increasing their personal and technical development.

RLE International has an immediate position for a commodity benchmarking analyst who will be located on-site in Allen Park, MI full-time

Job Description:

This position supports the Global Total Cost (GTC) Benchmarking activities, specifically focusing on Commodity Benchmarking studies. The main objective of Commodity Benchmarking is to evaluate and compare part designs, features and technologies of internal benchmarks along with other OEMs within and outside of the automotive industry. It also helps to identify opportunities for complexity reduction between Ford products and within a vehicle series. Commodity Benchmarking is a proven process enabling teams to identify best practices, maintain a competitive edge and reduce part costs of existing designs to make our customer more profitable and competitive in the marketplace. It is also an enabler to assist forward model programs in the development and achievement of program cost targets. As a Commodity Benchmarking Analyst, you will play a key role in helping to document benchmarking studies to ensure key data and conclusions are captured and pulled together in a cohesive and logical format. You will also be exposed to exciting new products and technology and will be joining an agile team of doers making a difference by working collaboratively and delivering excellence day in and day out.

Responsibilities:

Document Commodity Benchmarking activities and studies ensuring key data is collected and analyzed enabling the identification of key takeaways and findings. This will involve working closely with both local and regional commodity benchmarking team members. Responsibilities will include:

o Working with commodity benchmarking leads to identify key study information such as scope, objectives, timing and other relevant information

o Working with commodity benchmarking leads to gather available study data (i.e. photographs, specifications, cost estimating comparisons, attribute data) and opportunities (i.e. list of cost reduction ideas generated during study.)

o Assisting in data attribute collection and documentation as required determined by the commodity benchmarking leads.

  • Performing analysis of data to assist in identifying key take-aways, observations and findings.
  • Documenting benchmarking studies in a professional and timely manner using the Commodity Benchmarking Report Out template provided.
  • Manage and coordinate the overall Report Out development process and timing plans.
  • Keep the Commodity Benchmarking tracking matrix updated as Report Out documents are completed.
  • Provide recommendations for improvements to the Report Out Summary content and template, and recommend process efficiency improvements.
  • Assist with developing and improving data collection templates.

Requirements:

  • Bachelor's Degree required, Engineering degree preferred
  • Strong analytical and data interpretation skills
  • Excellent communication and interpersonal skills
  • Strong project management skills
  • Engineering or benchmarking experience
  • Automotive industry experience
  • Automotive part/commodity knowledge
  • Ability to work independently and as part of a team, with a strong sense of accountability and attention to detail
  • Good Microsoft skills (Excel, PowerPoint, Office, Teams)