Manager Commodity Risk Management Jobs in Kentucky

A Purchasing Commodity Manager oversees the purchasing, budgeting, and management of specific goods or materials for a company, focusing on developing strategies, negotiating contracts, and ensuring supply continuity while optimizing costs and quality.

ESSENTIAL DUTIES and RESPONSIBILITIES:

• Strategy Development: Develop and implement sourcing strategies for specific commodities, considering market trends, supplier capabilities, and company needs.
• Supplier Management: Establish and maintain strong relationships with suppliers, ensuring quality, cost-effectiveness, and timely delivery.
• Negotiation & Contract Management: Negotiate contracts, terms, and conditions with suppliers, ensuring favorable pricing and performance standards.
• Cost Optimization: Identify and implement cost-saving opportunities, such as negotiating better prices, optimizing supply chains, and improving processes.
• Risk Management: Identify and mitigate potential risks related to procurement, such as supply disruptions, price fluctuations, and quality issues.
• Collaboration: Collaborate with other departments, such as engineering, operations, project management and finance, to align procurement strategies with company objectives.
• Market Analysis: Monitor market trends, analyze supplier performance, and identify potential sourcing opportunities.
• Procurement Execution: Ensure timely and accurate execution of purchase orders, managing inventory levels, and resolving any issues that may arise.
• Data Analysis: Utilize data and analytics to track performance, identify trends, and make informed decisions.
• Compliance: Ensure compliance with company policies, procedures, and relevant regulations.

An individual in this position must be able to successfully perform the essential duties and responsibilities listed above. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.

The above list reflects the general details necessary to describe the principle and essential functions of the position and shall not be construed as the only duties that may be assigned for the position.

PREFERRED QUALIFICATIONS:

• Education: Bachelor's degree in Supply Chain Management, Business Administration, or 10 years experience in Architectural Millwork Industry.
• Experience: Minimum of 5 years of experience in procurement or supply chain management, with a focus on commodity management.
• Skills:
  • Strong negotiation and communication skills.
  • Proficiency in data analysis and market research.
  • Experience with procurement software and ERP systems.
  • Knowledge of supply chain best practices and regulatory requirements.
• Personal Attributes:
  • Strong analytical and problem-solving skills.
  • Ability to work independently and collaboratively in a team environment.
  • Excellent organizational skills and attention to detail.
  • Ability to adapt to a fast-paced and changing environment.

PHYSICAL AND MENTAL DEMANDS:

While performing the duties of this job, the employee is regularly required to talk and listen. The employee frequently is required to stand, walk, use hands and fingers, handle or feel, as well as reach with hands and arms.

The employee is occasionally required to sit, climb or balance, stoop, kneel, crouch or crawl. The employee must frequently lift and/or move up to 50 pounds. Specific vision abilities required by this job include close vision, peripheral vision, depth perception, the ability to see and differentiate color and to focus.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

WORKING ENVIRONMENT:

This position operates in a professional office environment.

The work environment characteristics described here are representative of those an individual encounters while performing the essential functions of this position.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.