Job ID: req4894
Job Category: Manufacturing & Supply Chain
Location: Hamel, MN, US
Job Title: Global Commodity Manager
FLSA Status: Exempt
Department: Supply Chain Services
Reports to: Strategic Sourcing Leader
Flex Work Eligible! This position qualifies for the Flexible Work Policy. Employees receive 75 work days annually to work home! The initial amount of days is prorated for the first year based on start date.
GENERAL DESCRIPTION / PURPOSE:
The Global Commodity Manager leads and supports development, implementation, and management of sourcing strategies that optimize supplier partnerships, drive performance objectives, and provide optimal flexibility, quality, delivery and lowest TCO. They deliver value and competitive advantage as measured by customer satisfaction, project execution, value improvement, innovation, and risk mitigation. They build relationships with suppliers; plan, execute and finalize sourcing strategies for product and manufacturing operations; work closely with stakeholders to identify and execute potential opportunities that drive value. They drive strategy development, cost management/reduction targets, and coordinate sourcing activities to support project initiatives. They work with teams to create an efficient and innovative partnership across all functions and levels. They are responsible for $50M-$60M direct spend.
ESSENTIAL JOB FUNCTIONS:
Operational Excellence
- Define and execute a sourcing calendar of initiatives for assigned categories based on business plans with support from stakeholders, market conditions and terms of outstanding contracts.
- Establish collaborative relationships with departments to define requirements for Direct and Indirect products and services with a focus on fundamental needs balanced with innovation and financial constraints.
- Understand and track the key input cost drivers and market factors for assigned commodities, provide countermeasure concepts, forecast, and maintain costing and should be cost model.
- Provide category knowledge and market expertise for assigned spend and continuously learn new technologies, processes, and industry best practices that deliver value.
Supplier Relationship Management
- Drive sourcing value by leveraging market knowledge, supplier optimization, predictable and industry leading pricing plans, RF(x)and (TCO) cost modeling through transparent SRM.
- Create and implement SRM programs that include developing performance measures and scorecards, tracking and reporting against performance metrics, conducting timely supplier performance reviews, and taking corrective and recognition action.
- Establish SRM strategies to deliver against goals and achieve sustainable supplier relationships.
- Apply best-in-class practices and trends to create forward-thinking category and SRM strategies, including the implementation of technology/ analytical tools.
Sourcing Process
- Execute, leverage, and deploy sourcing levers across all spend to create a competitive advantage.
- Lead all aspects of supplier negotiations with business partners in drafting and executing contracts that protect the business interests and provide best value.
- Oversee and advise on contract structure, terms and conditions, and performance-based contracting with suppliers.
- Seek opportunities for cost containment and/or improvement. Develop performance metrics, benchmarks and utilize best practice sourcing within the category portfolio.
- Lead cross-functional team of department owners and other stakeholders, through the end-to-end sourcing process (identification through implementation) and coordinate engagement.
REQUIRED QUALIFICATIONS:
Education: Bachelor’s Degree in Business, Supply Chain, Finance, Economics, or related field.
Experience:
- Minimum 8 years sourcing experience in multiple categories: Contracts, Negotiations, Supply Chain Management, Strategic Sourcing, Globalization, Supplier Development, Project Management, Market Analysis, Facility Management, Marketing, SG&A spend, etc.
- Minimum 4 years’ experience in developing, negotiating, and implementing various contract types.
- Strong background working cross-functionally with multiple functions that drive business outcomes.
Knowledge, Skills and Abilities:
- Robust interpersonal skills, including collaboration and willingness to make changes based on feedback.
- Demonstrated ability in building and maintaining relationships at all levels of the organization while managing multiple priorities and meeting deadlines in a fast-paced environment.
- Strong verbal and written communication skills including the ability to generate compelling and powerful PowerPoint presentations.
- High attention to detail and proven ability to manage multiple, competing priorities simultaneously.
PREFERRED QUALIFICATIONS:
- Masters is a plus. Professional Certification (CPM/CSPM/APICS) is strongly preferred.
- General understanding of the lean/Six Sigma practices and processes.
- Strong analytical and critical thinking skills.
- Ability to handle sudden setbacks.
- Willingness to operate in a dynamic environment.
- Ability to make quick decisions with 80% information.
WORKING CONDITIONS:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the role. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Office deskwork, requiring sitting, walking, using phone & computer.
- May include up to 20% travel domestically and potential for international travel.
- Can tolerate variable and sometimes challenging conditions during visits or inspections of company equipment in a railroad environment.
Benefits for this role include a comprehensive package with company-sponsored medical, dental, and vision insurance; Health Savings Account (HSA) and Flexible Spending Account (FSA) options; wellness programs; basic life and AD&D insurance; voluntary life insurance; company paid short-term and long-term disability coverage; 401(k) retirement plan including an employer match of 150% up to the first 6% you contribute to the Plan; Employee Assistance Program (EAP); behavioral health support; and leaves of absence. Additional benefits include tuition reimbursement, payroll charity contributions, adoption assistance and optional plans such as legal, critical illness, and hospitalization.
Loram determines compensation based on factors such as skills, competencies, education, and/or experience. Certain positions may be eligible for an annual bonus and paid time off in addition to base compensation.
Starting pay for the position is between $95,892.00 – $119,865.00
Loram is an Equal Opportunity Employer and will make all employment-related decisions without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, marital status, familial status, status with regard to public assistance, membership or activity in a local commission, protected veteran status, or any other status protected by applicable law.
#LI-AB1
#LI-HYBRID
Rev: May 2024
Job ID: req4894
Job Category: Manufacturing & Supply Chain
Location: Hamel, MN, US
DESCRIPTION
Job Title: Global Commodity Manager
FLSA Status: Exempt
Department: Supply Chain Services
Reports to: Strategic Sourcing Leader
Flex Work Eligible! This position qualifies for the Flexible Work Policy. Employees receive 75 work days annually to work home! The initial amount of days is prorated for the first year based on start date.
GENERAL DESCRIPTION / PURPOSE:
The Global Commodity Manager leads and supports development, implementation, and management of sourcing strategies that optimize supplier partnerships, drive performance objectives, and provide optimal flexibility, quality, delivery and lowest TCO. They deliver value and competitive advantage as measured by customer satisfaction, project execution, value improvement, innovation, and risk mitigation. They build relationships with suppliers; plan, execute and finalize sourcing strategies for product and manufacturing operations; work closely with stakeholders to identify and execute potential opportunities that drive value. They drive strategy development, cost management/reduction targets, and coordinate sourcing activities to support project initiatives. They work with teams to create an efficient and innovative partnership across all functions and levels. They are responsible for $50M-$60M direct spend.
ESSENTIAL JOB FUNCTIONS:
Operational Excellence
- Define and execute a sourcing calendar of initiatives for assigned categories based on business plans with support from stakeholders, market conditions and terms of outstanding contracts.
- Establish collaborative relationships with departments to define requirements for Direct and Indirect products and services with a focus on fundamental needs balanced with innovation and financial constraints.
- Understand and track the key input cost drivers and market factors for assigned commodities, provide countermeasure concepts, forecast, and maintain costing and should be cost model.
- Provide category knowledge and market expertise for assigned spend and continuously learn new technologies, processes, and industry best practices that deliver value.
Supplier Relationship Management
- Drive sourcing value by leveraging market knowledge, supplier optimization, predictable and industry leading pricing plans, RF(x)and (TCO) cost modeling through transparent SRM.
- Create and implement SRM programs that include developing performance measures and scorecards, tracking and reporting against performance metrics, conducting timely supplier performance reviews, and taking corrective and recognition action.
- Establish SRM strategies to deliver against goals and achieve sustainable supplier relationships.
- Apply best-in-class practices and trends to create forward-thinking category and SRM strategies, including the implementation of technology/ analytical tools.
Sourcing Process
- Execute, leverage, and deploy sourcing levers across all spend to create a competitive advantage.
- Lead all aspects of supplier negotiations with business partners in drafting and executing contracts that protect the business interests and provide best value.
- Oversee and advise on contract structure, terms and conditions, and performance-based contracting with suppliers.
- Seek opportunities for cost containment and/or improvement. Develop performance metrics, benchmarks and utilize best practice sourcing within the category portfolio.
- Lead cross-functional team of department owners and other stakeholders, through the end-to-end sourcing process (identification through implementation) and coordinate engagement.
QUALIFICATIONS
REQUIRED QUALIFICATIONS:
Education: Bachelor’s Degree in Business, Supply Chain, Finance, Economics, or related field.
Experience:
- Minimum 8 years sourcing experience in multiple categories: Contracts, Negotiations, Supply Chain Management, Strategic Sourcing, Globalization, Supplier Development, Project Management, Market Analysis, Facility Management, Marketing, SG&A spend, etc.
- Minimum 4 years’ experience in developing, negotiating, and implementing various contract types.
- Strong background working cross-functionally with multiple functions that drive business outcomes.
Knowledge, Skills and Abilities:
- Robust interpersonal skills, including collaboration and willingness to make changes based on feedback.
- Demonstrated ability in building and maintaining relationships at all levels of the organization while managing multiple priorities and meeting deadlines in a fast-paced environment.
- Strong verbal and written communication skills including the ability to generate compelling and powerful PowerPoint presentations.
- High attention to detail and proven ability to manage multiple, competing priorities simultaneously.
PREFERRED QUALIFICATIONS:
- Masters is a plus. Professional Certification (CPM/CSPM/APICS) is strongly preferred.
- General understanding of the lean/Six Sigma practices and processes.
- Strong analytical and critical thinking skills.
- Ability to handle sudden setbacks.
- Willingness to operate in a dynamic environment.
- Ability to make quick decisions with 80% information.
WORKING CONDITIONS:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the role. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Office deskwork, requiring sitting, walking, using phone & computer.
- May include up to 20% travel domestically and potential for international travel.
- Can tolerate variable and sometimes challenging conditions during visits or inspections of company equipment in a railroad environment.
Benefits for this role include a comprehensive package with company-sponsored medical, dental, and vision insurance; Health Savings Account (HSA) and Flexible Spending Account (FSA) options; wellness programs; basic life and AD&D insurance; voluntary life insurance; company paid short-term and long-term disability coverage; 401(k) retirement plan including an employer match of 150% up to the first 6% you contribute to the Plan; Employee Assistance Program (EAP); behavioral health support; and leaves of absence. Additional benefits include tuition reimbursement, payroll charity contributions, adoption assistance and optional plans such as legal, critical illness, and hospitalization.
Loram determines compensation based on factors such as skills, competencies, education, and/or experience. Certain positions may be eligible for an annual bonus and paid time off in addition to base compensation.
Starting pay for the position is between $95,892.00 – $119,865.00
Loram is an Equal Opportunity Employer and will make all employment-related decisions without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, marital status, familial status, status with regard to public assistance, membership or activity in a local commission, protected veteran status, or any other status protected by applicable law.
#LI-AB1
#LI-HYBRID
Rev: May 2024
ABOUT
Based in Hamel, Minnesota, Loram Maintenance of Way, Inc. designs and builds some of the most sophisticated railway maintenance equipment in the world, delivering high quality products and services to our global customers. This is made possible by employees who are passionate about delivering advanced equipment, innovative solutions, and unrivaled customer service.
For more information about Loram go to:
Based in Georgetown, Texas, Loram Technologies, Inc. provides innovative solutions for the railroad industry. From our friction management application systems to our Aurora® track inspection systems, our products are technologically advanced, safer, more efficient, and more productive than traditional maintenance methods.
For more information about LTI go to:
http://www.loramtechnologies.com
Loram is proud to be an Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities.
Job Title: Global Commodity Manager
FLSA Status: Exempt
Department: Supply Chain Services
Reports to: Strategic Sourcing Leader
Flex Work Eligible! This position qualifies for the Flexible Work Policy. Employees receive 75 work days annually to work home! The initial amount of days is prorated for the first year based on start date.
GENERAL DESCRIPTION / PURPOSE:
The Global Commodity Manager leads and supports development, implementation, and management of sourcing strategies that optimize supplier partnerships, drive performance objectives, and provide optimal flexibility, quality, delivery and lowest TCO. They deliver value and competitive advantage as measured by customer satisfaction, project execution, value improvement, innovation, and risk mitigation. They build relationships with suppliers; plan, execute and finalize sourcing strategies for product and manufacturing operations; work closely with stakeholders to identify and execute potential opportunities that drive value. They drive strategy development, cost management/reduction targets, and coordinate sourcing activities to support project initiatives. They work with teams to create an efficient and innovative partnership across all functions and levels. They are responsible for $50M-$60M direct spend.
ESSENTIAL JOB FUNCTIONS:
Operational Excellence
- Define and execute a sourcing calendar of initiatives for assigned categories based on business plans with support from stakeholders, market conditions and terms of outstanding contracts.
- Establish collaborative relationships with departments to define requirements for Direct and Indirect products and services with a focus on fundamental needs balanced with innovation and financial constraints.
- Understand and track the key input cost drivers and market factors for assigned commodities, provide countermeasure concepts, forecast, and maintain costing and should be cost model.
- Provide category knowledge and market expertise for assigned spend and continuously learn new technologies, processes, and industry best practices that deliver value.
Supplier Relationship Management
- Drive sourcing value by leveraging market knowledge, supplier optimization, predictable and industry leading pricing plans, RF(x)and (TCO) cost modeling through transparent SRM.
- Create and implement SRM programs that include developing performance measures and scorecards, tracking and reporting against performance metrics, conducting timely supplier performance reviews, and taking corrective and recognition action.
- Establish SRM strategies to deliver against goals and achieve sustainable supplier relationships.
- Apply best-in-class practices and trends to create forward-thinking category and SRM strategies, including the implementation of technology/ analytical tools.
Sourcing Process
- Execute, leverage, and deploy sourcing levers across all spend to create a competitive advantage.
- Lead all aspects of supplier negotiations with business partners in drafting and executing contracts that protect the business interests and provide best value.
- Oversee and advise on contract structure, terms and conditions, and performance-based contracting with suppliers.
- Seek opportunities for cost containment and/or improvement. Develop performance metrics, benchmarks and utilize best practice sourcing within the category portfolio.
- Lead cross-functional team of department owners and other stakeholders, through the end-to-end sourcing process (identification through implementation) and coordinate engagement.
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Loram is an Equal Opportunity Employer and will make all employment-related decisions without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, marital status, familial status, status with regard to public assistance, membership or activity in a local commission, protected veteran status, or any other status protected by applicable law.
Loram is committed to protecting the identity and personal information of any potential employee. Loram applicants will only be contacted by Loram employees with an authentic Loram email address ending in @loram.com. We encourage you to verify the identity of any individual who claims to be a member of the Loram team by confirming the email address is @loram.com with no additional characters or letters. We will never request financial information or a financial commitment as part of the recruitment process. If you have a question about the authenticity of any communication claiming to be from Loram, please contact loramrecruiting@loram.com. Reports can be submitted online at www.loram.ethicspoint.com or by calling 1-844-635-4640.
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