Commodity Manager

Commodity ManagerVideojet Technologies is a leading global manufacturer of coding and marking solutions. As part of our team, you will make an immediate, measurable impact on safeguarding everyday essentials. You will belong to a respectful and collaborative community that fosters career growth and professional development. You will be supported by resources that make a positive difference in your life because, at Videojet, we value your authenticity and want your talents to shine.About the RoleWe are currently seeking a dynamic individual to join our team as Commodity Manager. This pivotal position involves the development and execution of commodity strategy, strategically sourcing components to achieve the lowest total cost of ownership, and supporting ongoing initiatives that reduce risk and increase value for the customer. Reporting directly to the Global Procurement Director, this role is based in Wood Dale, IL, requiring a minimum on-site presence of three days per week. If you are passionate about driving efficiency and excellence in procurement and supply chain management, we invite you to join us and contribute to our corporation's continued success.In this role, you will:Manage overall responsibility of material spend between $15M - $25M.Develop, negotiate, and complete contracts/agreements with suppliers that minimize total cost of ownership, improve quality, minimize supply risk and assure on-time delivery.Develop an in-depth knowledge of assigned commodities, global supply markets, new technologies, supply landscape and pricing trends.Build and lead a pipeline of PPV/VAVE projects by conducting cross-functional workshops throughout Videojet Technologies Inc. and help implement them.Develop and implement working capital turns improvement programs including payment terms extension, inventory reduction, lead time reduction, Consignment and 3PL.Prepare and conduct RFQ/RFQ's and analyze quotes, including conducting e-auctions as needed. Conduct, analyze and perform cost break down analysis to support negotiations, to result in best overall cost and commercial terms.Provide support to manufacturing locations for supplier performance issues related to quality and delivery.Deliver measurable and auditable results in policy deployment targets and key performance indicators.Are You Qualified?Minimum of 1-3 years in Procurement or Supply Chain Management. BS degree in Business Administration, Engineering, Supply Chain Management, or similar discipline. Demonstrated project management experience. Financial acumen and demonstrated aptitude in analytics and decision-making. Ability to travel when required.Interested in working for an international and diverse company? Interested in working for a company that is dedicated to safeguarding everyday essentials? Interested in helping drive environmental and sustainability governance? If so, read onVeralto's Product Quality and Innovation companies help our customers safeguard everyday essentials by protecting food supply chain, enabling the delivery of verified pharmaceuticals, and ensuring product quality, freshness, and consistency. You'll be joining a dynamic teamOur Benefits:Comprehensive benefits package (medical, dental, vision & more) eligible on day 1 of employmentAnnual bonus as well as annual salary reviewPermissive paid time off policy emphasizing flexibility and trustPaid HolidaysTraining and development opportunities401K savings plan + company matchTuition reimbursementPaid Parental LeaveVeralto Wellbeing Program, with rewardsEmployee Assistance Program (legal, financial, and counseling resources)The compensation range for this role is $80,000 - $89,000 USD per year. This job is also eligible for Bonus Pay.Veralto Corporation and all Veralto Companies are committed to equal opportunity regardless of race, color, national origin, religion, sex, age, marital status, disability, veteran status, sexual orientation, gender identity, or other characteristics protected by law. We value diversity and the existence of similarities and differences, both visible and not, found in our workforce, workplace and throughout the markets we serve.