Commodity Risk Manager Jobs in Ohio (NOW HIRING)

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Headquartered in Cincinnati, LSI Industries (NASDAQ: LYTS) specializes in the creation of advanced lighting, graphics, and display solutions across strategic vertical markets. The company’s American-made products, which include lighting, print graphics, digital graphics, refrigerated and custom displays, aim to help businesses stand out in a competitive market. With a workforce of approximately 2,000 employees and 20 facilities throughout North America, LSI provides top-quality solutions for its clients. LSI’s management team is focused on continued profitable growth. Additional information about LSI is available at www.lsicorp.com

We are looking for a Global Commodity Manager (PFG) to support our team at our corporate location in Cincinnati, Ohio

Summary:

This position will provide leadership in the systematic formulation and timely execution of documented, detailed and well-considered Purchased Finished Good (PFG) strategies.

• They will select, qualify, evaluate, and manage strategic suppliers.
• A self-starter simultaneously handling multiple categories with a high degree of initiative, accountability and accuracy requiring minimal daily direction consistent with modern purchasing techniques is desired.
  1. Includes project managing the selection, evaluation, implementation, and management of strategic suppliers across multiple sites.
  2. Ability to follow a process to complete spend analysis, write RFP’s, analyze data, negotiate, implement and monitor compliance to companywide programs, and ongoing evaluation and management of strategic suppliers.

In this role, you will be responsible for analyzing and scoping the need by working closely with LSI Product Management, create the sourcing strategy, negotiate, work with our vendors and be responsible for the overall management and development of our suppliers.

• Responsible for the supply chain design of each PFG. You will also lead strategic sourcing initiatives and cross-functional teams, collaborate with subject matter experts to develop scope of work and overall business requirements/standards, draft effective RFI/RFP documents and draft and directly negotiate complex licensing and service agreements with strategic suppliers.
• Perform market analysis, detailed total cost of ownership comparisons, supplier evaluations and decision matrices, identify contracting risk and draft alternate language to mitigate these risk(s).
• Facilitate the proposal evaluation process and lead contract negotiations for a wide variety of services.
• Provide supply management and commodity expertise to clients and suppliers regarding products or services to ensure a total value supply management approach.
• Initiate and lead supply management processes for assigned contracts/suppliers including scorecards and executive forums.

Essential Duties and Responsibilities include the following:

• Support LSI Product Management Purchased Finished Good needs.
• Select, qualify, manage, and negotiate with PFG supply base.
• Obtain NDA agreements with PFG suppliers as appropriate.
• Negotiate and implement supply agreements (contracts) with key OEM suppliers.
• Systematically develop, lead, implement, manage and promote key supplier relationships through intensive interaction with the supply base.
• Lead category initiatives through cross-functional team formation and management
• Develop and implement corporate programs to reduce supply base and achieve cost reduction goals
• Manage supplier capabilities including but not limited to capacity planning, tooling and resource investments including inventory management
• Develop, implement and measure contract performance of the supply base including performance metrics for total price savings, spend under contact, etc.
• Clearly document and present milestone performance in all metrics in a credible and professional way
• Build and demonstrate personal in-depth knowledge of related industry trends, cost drivers and world class supplier capabilities
• Obtain and communicate supplier and competitor market intelligence to key LSI team members.
• Working with Product Management and Sales, develop and implement regional product stocking strategies as well as recommend product mix and respective quantity by location.
• Work with Buyers to develop a replenishment processes.

Education and/or Experience

• 10 plus years strategic sourcing experience emphasizing negotiation, strategy writing, contracts and is knowledgeable with multiple commodities
• Experience in the lighting industry a plus
• Experience in global overseas markets is required
• International sourcing experience required
• Bachelor’s degree in Supply Chain Management preferred
• Capable of simultaneously managing multiple and unrelated commodities or tasks
• Ability to initiate and recommend commodity goals and accomplishments with a high degree of accountability
• Able to professionally interact with all levels of supplier and internal management
• High degree of written and math proficiency and accuracy
• Time sensitive performer
• Excellent PC skills especially spreadsheet analyses
• Travel 20 -35% (including international travel)

Certificates, Licenses, Registrations

• APICS CPIM/CIRM or NAPM CPM is preferred but not required.

Other Skills and Abilities

• Analysis skills
• Project management
• Presentation skills
• Negotiation Skills
• Ability to understanding engineering specifications and drawings
• Fundamental understanding of the Supply Chain
• Ability to work with and lead teams

Other Qualifications

• Possess strong attention to detail.
• Ability to multi-task

Benefits:

• 401(k)
• Health insurance
• Dental insurance
• Vision insurance
• Paid time off

EEOC

LSI is committed to a diverse and inclusive workplace. LSI is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.