Commodity Manager
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Job Location:
Wooster, OH - USA
Monthly Salary:
Not Disclosed
Posted on:
15 hours ago
Vacancies:
1 Vacancy
Job Summary
If youre looking for a special place to build or grow your career youve found it. Whether youre an experienced professional a recent college graduate or somewhere in between IDEX is a place where you can apply your existing skills and learn new ones in an environment where you can make an impact.
With interesting opportunities in engineering marketing sales supply chain operations HR finance and more across more than 40 diverse businesses around the globe chances are we have something special for you.
SUMMARY OF JOB RESPONSIBILITIES:
The Commodity Manager is a strategic leader responsible for driving global sourcing strategies that delivers measurable cost savings year-over-year. This role champions supply base optimization and complexity reduction ensuring alignment with organizational objectives for quality delivery innovation and sustainability. By leveraging market intelligence data analytics and cross-functional collaboration the Commodity Manager will shape competitive advantage through world-class supplier partnerships and proactive risk management.
REPORTS TO (Title): Director of Supply Chain
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Develop and maintain a cost-reduction project funnel ensuring initiatives are prioritized tracked and executed to meet annual savings targets
Develop and execute commodity strategies that deliver a minimum of 3% year-over-year material cost savings.
Analyze market trends and geo-political factors to mitigate risk.
Identify qualify and develop a global network of best-in-class suppliers to ensure cost competitiveness quality innovation and sustainability.
Apply 80/20 mindset to simplify the supply base and reduce complexity for assigned commodities.
Negotiates agreements with suppliers of assigned global commodities ensuring that the best total cost is realized.
Collaborates with engineering operations and finance to evaluate alternative. materials processes and technologies for cost optimization and innovation.
Manage and continuously improve global supplier performance using supply chain management tools driving corrective actions and long-term improvements.
Monitor market dynamics and emerging risks to maintain supply continuity and competitive advantage.
KNOWLEDGE SKILLS AND REQUIRED ABILITIES:
Strong negotiations and contract management skills
Proficiency in supply chain analytics and cost modeling
Excellent communications and collaboration skills
Ability to drive sustainability initiatives within the supply chain
Familiarity with VAVE processes cost modeling and advanced sourcing analytics
Proven track record of leading cost-reduction initiatives and delivering savings
Working knowledge of regional market dynamics and risk mitigation strategies for global sourcing.
Ability to analyze complex data and make strategic decisions under time constraints.
Strategic Thinking
Supplier Relationship Management
Cost Analysis & Financial Acumen
Risk Management
Continuous Improvement Mindset
EDUCATION AND EXPERIENCE:
Bachelors degree in Supply Chain Engineering Business or related discipline
At least 5 years experience in commodity management in iron/aluminum castings metal fabrication machining electronics and plastics.
WORK ENVIRONMENT:
- Ability to work in an office setting with extended periods of computer use.
- Occasional travel to supplier sites and manufacturing.
Are you ready to join a different kind of company where our people our culture and our commitments are centered around providing trusted solutions that improve lives around the world
IDEX is an Equal Opportunity Employer. IDEX gives consideration for employment to qualified applicants without regard to race color religion creed genetic information sex sexual orientation gender identity or expression marital status age national origin disability protected veteran status or any other consideration or protected category made unlawful by federal state or local laws.
Attention Applicants: If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process please let us if you are limited in the ability to access or use this online application process and need an alternative method for applying we will determine an alternate way for you to apply. Please contact our Talent Acquisition Team at for assistance with an accommodation. These contact tools may be used only by individuals with a disability for accommodation requests. Do not inquire as to the status of an application.
Required Experience:
Manager
Key Skills
- Restaurant Experience
- Customer Service
- Employee Evaluation
- Management Experience
- Math
- Employment & Labor Law
- Sanitation
- Leadership Experience
- P&L Management
- Mentoring
- Supervising Experience
- Restaurant Management
About Company
IDEX (NYSE: IEX) is a company that has undoubtedly touched your life in some way with products that are mission-critical components in everyday activities.
