Additionally, you will help assess supplier capabilities and participate in risk assessments ... Procure material, equipment, supplies, services, and commodity products * Evaluate cost and analyze ...
Additionally, you will help assess supplier capabilities and participate in risk assessments ... Procure material, equipment, supplies, services, and commodity products * Evaluate cost and analyze ...
Additionally, you will help assess supplier capabilities andparticipatein risk assessments ... Procure material, equipment, supplies, services, and commodity products * Evaluate cost and analyze ...
Additionally, you will help assess supplier capabilities andparticipatein risk assessments ... Procure material, equipment, supplies, services, and commodity products * Evaluate cost and analyze ...
Commodity Risk Associate information
What is the difference between Commodity Risk Associate vs Commodity Trader?
| Aspect | Commodity Risk Associate | Commodity Trader |
|---|---|---|
| Primary Role | Assessing and managing risk exposure related to commodities | Buying and selling commodities to generate profit |
| Skills & Certifications | Risk management, analytics, certifications like FRM or CFA | Market analysis, trading strategies, financial acumen |
| Work Environment | Corporate risk departments, energy, agriculture, metals sectors | Trading floors, financial firms, commodity exchanges |
While both roles involve commodities, a Commodity Risk Associate focuses on identifying and mitigating risks associated with commodity price fluctuations, often within a company's risk management team. In contrast, a Commodity Trader actively engages in buying and selling commodities to profit from market movements. The roles differ in their primary objectives but share skills in market analysis and industry knowledge.
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Posted 24 days ago
Job description
Job Title: Associate, Procurement
Job Code: 37427
Job Location: Salt Lake City, UT
Job Schedule: 9/80: Employees work 9 out of every 14 days - totaling 80 hours worked, and have every other Friday off
Job Description:
As a new graduate in the procurement role, you will assist in maintaining strategic alliances and partnerships established by the Purchasing organization. You will send requests for (information/proposal/quote) to suppliers, analyze responses, justify procurements, and place purchase orders. Your role includes streamlining the order fulfillment process to ensure supplier quality and timely delivery that meet performance metrics. You will facilitate strong communication with vendors, understand and apply the company's "Terms and Conditions," and ensure compliance with corporate policies. Additionally, you will help assess supplier capabilities and participate in risk assessments, escalating issues to management and recommending appropriate actions
Essential Functions:
Procure material, equipment, supplies, services, and commodity products
Evaluate cost and analyze supplier bids to attain best overall value
Negotiate price, delivery and quality of products/services and determine supplier selections
Track all Purchase Orders through reports, work matched exceptions, open commitments, receiving discrepancies, returns, supplier discrepancies, and problem reports/supplier corrective action responses. Interface with receiving and accounting to resolve issues
Manage supplier relationship through the acquisition process
Confer with suppliers to determine factors that affect competitive total cost of ownership consistent with quality, reliability, and ability to meet required schedules. Evaluate root cause and corrective action with suppliers on late delivery performance
Interpret FAR/DFAR/ITAR laws, rules and regulations regarding import/export control certifications and licenses
Qualifications:
To be eligible, applicants must be pursuing a bachelor's degree in supply chain management, Economics, Finance, Accounting, Operations Management, General Business Management, Business Administration or related field or have completed their bachelor's degree within the last 12 months, regardless of age.