Responsible for defining negotiations strategy including supplier profiles, commercial negotiations targets, defining switching costs, and building Total Cost of Ownership (TCO) · Conduct or support negotiations and supplier selection - accountable for contract lifecycle management and compliance · Responsible for delivering commodity productivity through price negotiations, supporting value analysis/ value engineering projects (VA/VE or i2V) and other continuous improvement projects · Support supplier segmentation, Supplier Relationship Management (SRM) and quarterly supplier reviews for all strategic suppliers within commodity · Support commodity continuity of supply - engage with plants to help local teams efficiently resolve escalated issues · Support region/sector NPD Procurement teams through preferred supplier programs and RFQs · Responsible for forecasting, reporting, mitigating, and recovery of commodity inflation · Lead periodic Commodity Reviews including updated projects, metrics, strategy, and countermeasures. PRIMARY DUTIES AND RESPONSIBILITIES.
· Manage global and/or regional commodity · Identify and engage with internal stakeholders (engineering, operations, quality) to capture commodity requirements and ensure supplier qualification and quality - partner with regional PPM teams to efficiently transition suppliers as needed · Responsible for developing & executing detailed commodity strategy: • Assess Opportunity for commodity including spend segmentation, commodity maturity, cost drivers, and supply market analysis • Develop Sourcing Strategy for commodity detailing projects, sourcing levers, timing, resources, and expected benefits • Accountable for execution of sourcing projects including continuous improvement, consolidation, etc.