Commodity Manager - Electrical/Chemical
Overview
Job Summary
The Commodity Manager will lead procurement initiatives to optimize the supply chain for our manufacturing operations within electrical and chemical components. This role manages an assigned set of buyers in the respective category and requires a forward-thinking professional with a strong background in strategic sourcing, supplier relationship management, and cost optimization within regulated industries. The ideal candidate will play a critical role in ensuring supply continuity, mitigating risks, and driving innovation in collaboration with suppliers while maintaining compliance with quality and regulatory standards.
Responsibilities
Key Accountabilities
- Develop and execute sourcing strategies for key categories, including electrical wires, cables, printed circuit boards, sensors and motors.
- Perform spend analysis to identify cost-saving opportunities and consolidate suppliers.
- Benchmark industry trends to align sourcing strategies with market dynamics.
- Identify, evaluate, and select suppliers based on quality, cost, delivery, and innovation capabilities.
- Establish long-term partnerships with suppliers to ensure alignment with business goals.
- Drive supplier performance through KPIs and regular business reviews.
- Lead complex negotiations to secure competitive pricing, payment terms, and service levels.
- Develop and manage supplier contracts, ensuring compliance with company policies and regulatory requirements.
- Identify supply chain risks and develop mitigation strategies to ensure business continuity.
- Collaborate with quality and regulatory teams to maintain high standards of supplier quality and documentation.
- Partner with engineering, operations, and product development teams to align sourcing decisions with product lifecycle goals.
- Support new product introductions (NPI) by sourcing innovative materials and components.
- Work closely with finance to manage budgets and report on cost-saving initiatives.
- Implement best practices in procurement processes to enhance efficiency and cost-effectiveness.
- Leverage digital tools and analytics to improve visibility and decision-making in sourcing activities.
- Performs other duties and responsibilities as assigned.
Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.
Networking/Key relationships
- External Suppliers
- Operations Management
- R&D Engineering (Mechanical, Electrical, Systems, etc.)
- Manufacturing Engineering
- Quality Engineering
- Supply Chain
- Manufacturing
Qualifications
Minimum Knowledge & Experience for the position:
- Bachelor’s degree in Supply Chain Management, Business Administration, Engineering, or related field; MBA or relevant certifications (e.g., CPSM, CSCP) preferred.
- 5+ years of experience in strategic sourcing, procurement, or supply chain management, ideally within the medical device, pharmaceutical, or related regulated industry.
- Strong knowledge of global supply chain dynamics and sourcing strategies.
- Proven track record in supplier negotiations, cost reduction, and contract management.
- Familiarity with FDA regulations, ISO standards, and GMP requirements.
- Exceptional analytical, problem-solving, and decision-making skills.
- Excellent communication and interpersonal skills, with the ability to influence stakeholders at all levels.
Skills & Capabilities:
- An action-oriented individual, acting as an agent of change.
- The ability to communicate effectively at all levels, both internally and externally. Ability to influence through effective communication and presentation skills and persuasive positioning.
- Results orientated with the ability to plan and deliver against deadlines and the ability to motivate others to deliver
- Excellent organizational skills, ability to assess situations and set priorities.
- Ability to be strategic but also execute tactics
- Ability to apply structured problem-solving methodologies, experience with Six Sigma, and/or Lean a plus
- Strong business orientation with analytical, negotiation and problem-solving skills. Innate intellectual curiosity.
Travel requirements:Up to 25% travel, domestic and international.
Average salary estimate
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Join our dynamic team at a leading Bedford-based company as a Commodity Manager specializing in Electrical and Chemical components. In this pivotal role, you will take charge of procurement initiatives to streamline our supply chain processes for manufacturing operations, ensuring that we stay ahead in the industry. As a Commodity Manager, your keen strategic sourcing skills and effective supplier relationship management will be key to optimizing costs and ensuring supply continuity. You'll work closely with an assigned group of buyers, evaluating supplier performance and negotiating competitive contracts that align with our business goals. Your responsibilities will include developing and executing sourcing strategies for critical categories like electrical wires, printed circuit boards, and motors, while also leveraging digital tools and analytics to enhance procurement processes. A strong candidate will bring at least five years of experience in strategic sourcing or supply chain management within regulated industries, particularly in medical devices or pharmaceuticals. Your expertise will help us identify cost-saving opportunities through spend analysis and benchmarking against industry trends. Collaboration is essential in this role, as you will partner with engineering, operations, and the quality teams to maintain high standards and foster innovation. If you're looking to make a significant impact in a forward-thinking environment, we’d love for you to apply for the Commodity Manager position today.
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