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Commodity Buyer
4 months ago
A Commodity Buyer in an automotive manufacturing company plays a crucial role in the procurement and supply chain process. The primary responsibility of a Commodity Buyer is sourcing, negotiating, and procuring materials and components critical to the production process. The role requires effective communication, negotiation skills, and the ability to collaborate with various stakeholders to ensure a smooth and efficient supply chain.
- Commodity Strategy: Develop the commodity strategy to encompass several key elements to optimize procurement processes, mitigate risks, and achieve strategic objectives. Help analyze and create, develop a commodity strategy, and ensure alignment with stakeholders.
- Sourcing and Procurement. Identify and evaluate potential suppliers for specific commodities or materials. Negotiate with suppliers to secure favorable terms, pricing, and conditions. Develop and maintain strong relationships with suppliers.
- Cost Negotiation. Negotiate pricing agreements with suppliers to obtain the best possible terms while considering cost reduction targets. Analyze market trends and conduct cost analysis to ensure competitiveness.
- Supplier Relationship Management. Build and maintain positive relationships with suppliers to ensure a reliable and efficient supply chain. Address and resolve issues with suppliers, fostering collaboration and mutual understanding.
- Contract Management. Draft, review, and manage contracts with suppliers, outlining terms, conditions, and quality specifications. Ensure compliance with contractual agreements and manage contract modifications as necessary.
Experience/Requirements
Procurement Experience. Prior experience in procurement, preferably within the automotive manufacturing industry, is highly beneficial.
Supplier Relationship Management. Experience in building and managing relationships with suppliers, negotiating contracts, and addressing supplier-related issues.
Industry Knowledge. Familiarity with automotive manufacturing processes, materials, and components. Understanding of industry-specific regulations and quality standards.
ERP and Procurement Software. Proficiency in using Enterprise Resource Planning (ERP) systems and procurement software for data management and analysis.
Global Sourcing Experience. Experience in global sourcing, including understanding international markets and navigating supply chain challenges.
Negotiation Skills. Strong negotiation skills are essential for Commodity Buyers to secure favorable terms, pricing, and conditions with suppliers.
