Commodity Buyer Job Description
Commodity buyer
provides local market information for the assigned logistics service portfolio (Transport, warehouse, in house logistics, etc.) Including supply documented analysis, comparisons of sourcing scenarios and research providers.
Commodity Buyer Duties & Responsibilities
To write an effective commodity buyer job description, begin by listing detailed duties, responsibilities and expectations. We have included commodity buyer job description templates that you can modify and use.
Sample responsibilities for this position include:
Design, conduct and synthesize supplier, industry and market research for assigned commodities to develop the sourcing strategy
Locates new sources of supply, establishes new suppliers and coordinates order maintenance with existing suppliers for regional activities
Resolves conflicts that arise with supplier delivery schedules, raw materials, inventory, working with Production Inventory Control (PIC) personnel and other areas to resolve escalated conflicts
Participates in continuous improvement activities that may include developing programs to improve supplier performance
Ability to analyze market trends and systems technology related to job
Lead cross-functional global teams to achieve objectives
Take responsibility for a number of known ‘problem suppliers’, review history and take ownership for definition and deliver of actions to achieve a durable solution and recovery of performance
Select, introduce and develop the suppliers
Maintain active communication with all Operational interfaces in review and delivery of compliant performance
Work closely with quality to reduce internal and external PPM, CAPAs, and out of box failures
Commodity Buyer Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Commodity Buyer
List any licenses or certifications required by the position: CPM, APICS, CPIM, ASE, CIPS, APIC, ISO, TS
Education for Commodity Buyer
Typically a job would require a certain level of education.
Employers hiring for the commodity buyer job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Engineering, Business, Education, Supply Chain Management, Business/Administration, Technical, Management, Economics, Finance, MBA
Skills for Commodity Buyer
Desired skills for commodity buyer include:
Aerospace compliance and regulations
Certification is an asset
Lean Six Sigma methodology
Supply portfolio and market research and analysis
Different systems and materials used in our business
SAP
Assigned commodity
Contractual and legal aspects
Financial analysis
Sourcing Systems and processes
Desired experience for commodity buyer includes:
The Senior Commodity Specialist will also adhere to and be able to demonstrate adherence to internal controls
The Senior Commodity Specialist will adhere to all relevant processes/procedures and by liaise with Compliance department about new business initiatives at the earliest opportunity
Supply Systems
Standard office software
Process Analysis / Improvement
Appropriate Managerial Experience
Commodity Buyer Examples
1
Commodity Buyer Job Description
Job Description Example
Our company is hiring for a commodity buyer. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for commodity buyer
- Provide support and guidance to Materials Planners in executing their job responsibilities and improving their purchasing skills
- Strategic sourcing for Commodity Electromechanics
- Presentation of research, decisions, , as required, to next-level or executive management
- This position will also require some travel, globally or regionally depending on assigned supply base
- Be responsible for the designated commodities, to support the company growth and profitability, with right supply base of the right cost, quality, technology and service
- Support New Projects launches as needed
- Support to develop Commodity Strategies and ensure the implementation of the approved Strategies
- Support to develop New Suppliers to support new initiatives and continuous improvement
- Lead or support annual price/contract negotiations
- Lead or support Cost down & VAVE initiatives across China
Qualifications for commodity buyer
- The Senior Commodity Specialist will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation
- Experience sourcing Machining Fixtures & Dies for Stamping, Injection Molding and High Pressure Casting a plus
- Cost reduction on materials and related cost structures to ensure contribution to P&L (in line with BU SF SPL)
- Progress on market studies, saving, contract management, business review
- Respect of deadline committed
- Excellent organizational skills in order to establish priorities and set goals
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Commodity Buyer Job Description
Job Description Example
Our company is growing rapidly and is looking for a commodity buyer. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for commodity buyer
- Monitor and Manage the risks of supply base, supplier M&A, financial difficulties, lawsuits, capacity, people instability
- New facility launch support, including, but not limited to, supplier sourcing, contract negotiation, payment management, and engineering changes negotiations/management as needed
- New project supplier sourcing and engineering changes negotiations/management as needed
- Perform tasks related to debit memos, receipt reconciliation, material rejection reports, payables
- Implement Supplier Quality strategies
- Strategic sourcing for Commodity Stamped Parts (for Braking and Steering Division)
- Identify proper sources for components by optimizing prices, terms and conditions for all new products introduced by the MDSS (global database with the terms negotiated global) or clients
- Implement global supply strategies from MDSS and the site’s sourcing and supply chain strategies
- Organize, systematize and optimize, by direct negociations with the suppliers, sourcing (purchase) data in the system for contracts, purchase orders, approved list of suppliers and business partners
- Measure and report price changes related to acquisitions and initiate action plans for mitigating price increases and maximizing cost reductions
Qualifications for commodity buyer
- The Senior Commodity Specialist will have full responsibility for their Commodity area and for all aspect of Procurement in relation to their Commodity (identification of supplier, correct specification of the product as per user requirements, price negotiation, contract terms, ordering, maintenance/support contracts, inventory management and disposal)
- Provides strategic business leadership for assigned commodities with vision and tactics for the management of parts and suppliers for those commodities
- Creates strategic commodity management plans
- Bachelor’s degree/ Mechanical/Electrical Engineering, Materials Logistics Management (MLM), Supply Chain Management, Business Administration or equivalent
- Basic print reading and GD&T knowledge
- Strong negotiation, communication and analytical skills
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Commodity Buyer Job Description
Job Description Example
Our company is looking to fill the role of commodity buyer. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for commodity buyer
- Drive proactive quality improvement activities in supply chain
- Support customer teams and understand potential project changes
- Implement local work procedures including LPS plus, TS16949, and UBB
- Maintaining active communication with all Operational interfaces in review and delivery of compliant performance
- Manage and develop the supplier base for Packaging, using categorization, segmentation, evaluation, in order to establish the appropriate levels of relationship
- Manage networks for the Packaging area (direct purchasing, internal stakeholders, suppliers)
- The products you will be buying are as follows, tapes, caps, plastic, adhesive tapes & pads
- Identifies, defines and addresses problems that are not immediately evident, but typically not complex
- Negotiate and source machined components, weldments, engineering design services, COTS components, outside processing, fabricated assemblies, test processing equipment and miscellaneous tooling requirements as needed
- Identify and propose best value suppliers to the engineering team based on individual’s interpretation of requested parts/blueprints
Qualifications for commodity buyer
- Ability to manage multiple tasks independently along with solid problem solving skills
- American Production Inventory Control Society (APIC’s) certification or Institute for Supply Management (ISM) certification preferred
- Expert management of any assigned material commodities
- Will consider a candidate with no automotive experience if they have a minimum of 5 years experience as Sr
- Minimum 3 years experience as a Program Buyer in an industrial environment
- Manufacturing and/or Automotive work experience highly preferred
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Commodity Buyer Job Description
Job Description Example
Our company is growing rapidly and is looking for a commodity buyer. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for commodity buyer
- Realize cost savings and supply base management goals
- Visit supplier’s facilities to assess ability, machines, and capacity
- Place quick turnaround purchase orders
- Execute to MRP Planning messages for Production parts
- Follow up with suppliers to meet committed delivery dates
- Provide regular feedback to suppliers to improve long term and short term performance
- Resolve purchase order discrepancies that lead to invoice blockages and late delivery
- Drive design for manufacturability reviews with support from Supplier Quality and Engineering
- The evaluation and negotiation of offers
- Negotiating the best conditions in terms of total cost of ownership and terms and conditions
Qualifications for commodity buyer
- Bachelor’s Degree in business, chain management, or a related field required
- Substantial experience working with foreign currencies, customs, and duty rates
- Must be able to represent VCE professionally and effectively in all dealings with suppliers
- Minimum 3 years experience in a similar role, in an automotive environment
- Must be proficient with Microsoft office package
- Ability to function in a diverse, fast paced work environment
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Commodity Buyer Job Description
Job Description Example
Our company is looking for a commodity buyer. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for commodity buyer
- Setup the portfolio strategy in coordination with the Material Group Manager
- Identify and establish new suppliers or develop the existing supplier base
- Implement the Purchasing policy applied in your Family (target suppliers, strategic suppliers, contracts and framework agreements negotiated, etc .) and communicate this to requesting parties and order issuers
- Put the Suppliers in competition with one another, in line with the Family Policy and apply the Acquisition process
- Provide the information needed for Acquisition forecasts and related requirements, in order to improve the strategy and to ensure better globalisation
- Handle commercial disputes with Supplier
- Conducts analysis to determine if orders need to be placed to meet global procurement requirements
- Determines thresholds across the global warehouse network of a specific commodity(ies)
- Responsible for analyzing assigned part numbers and queue management
- Provides expertise on system and process improvement
Qualifications for commodity buyer
- Three to five years experience with increasing responsibility in purchasing, quality, program management, or product design preferred
- Must have demonstrated computer skills, including use of Excel and Powerpoint
- C-TPAT
- Support the execution for Sourcing strategy at regional level, under the supervision and direction of global and regional category leaders and managers
- Bachelor’s degree (prefer course of study in Supply Chain Management, Engineering or other related field relevant to Purchasing)
- At least 5 years work experience in purchasing (the Automotive sector will be an advantage)