General Description:
- This position is responsible for all operational and strategic activities within the given Commodity and sub-commodities while ensuring compliance with overall IAC- and Purchasing objectives, strategies, and procedures. Is responsible for the management of all suppliers within the Commodity and sub-commodities group.
Position Specific Requirements:
- Negotiates volume discounts, favorable terms, and long-term contracts with suppliers.
- Prepares and processes purchase orders and requisitions for the procurement of goods, supplies and services for customer related business processes or for internal use.
- Oversees quotes, evaluate vendor's capability, quality, reliability, and price competitiveness, negotiate with/award contracts within specified spending limits, and develop new qualified sources of supply.
- Fully responsible for all commercial and timing objectives of IAC within a nominated Commodity group.
- Provide best service to the business through sound knowledge of the Commodity combined with strong understanding of local and global market conditions
- Responsible for sourcing's all parts in the commodity group within the agreed quality, timing and cost targets, in accordance with IAC’s rules & procedures.
- Management of suppliers within the nominated Commodity and sub-commodities, RFQ’s, contract negotiations, payment term agreements, framework contracts, supply chain agreements, support installation of quality agreements and other contractual agreements.
- Establish and follow purchasing commodity strategies in line with overall company strategies.
- Actively execute supply base reduction strategies.
- Perform routine benchmarking.
- On time processing of sourcing requirements using established corporate procedure.
- Ensure the accuracy of prices in systems; maintain updates in systems.
Qualifications:
- Knowledge of commodities responsible for and/or ability to quickly immerse in new commodities.
- May lead a group of buyers in strategy and tactical procurement activities
- Travel 25%
- Regionally focused.
- Strong leadership, communication, and interpersonal skills, with the ability to influence and collaborate effectively at all levels of the organization.
- Extensive knowledge of procurement best practices, supplier management, and contract negotiation.
- Strategic mindset, with the ability to think critically, solve complex problems, and drive continuous improvement.
- Certification in procurement (e.g., CSCP, CPIM, CPSM) is a plus.
Education:
- BS/BA required
- MBA/MS preferred
Experience:
- Requires 8-12 years of experience
Knowledge/Skills/Abilities:
- Procurement related systems (AS400, QAD, Power BI)
- Advanced working knowledge of Microsoft Excel
- Strong negotiation skills.
- Ability to think strategically
- Advanced Knowledge of Standard Costing Techniques.
- Specification and Problem definition, data collection, fact determination, drawing valid conclusions, and formulating clear recommendations.
- Quick interpretation and formulation of argument, counter opinion, and factual statement for negotiation conclusion