Commodity Buyer

Terri Rennie Consulting Inc.

Vaughan, ON

Vaughan, ON, CA
Vaughan, ON
30+ days ago

Reporting to the Director of Purchasing, the Commodity Buyer supports and implements supply base strategy assigned commodities.

Minimum Qualifications:

  • 3+ years experience in Purchasing or related field within a manufacturing facility.
  • Bachelors degree required; emphasis on business or technical expertise preferred.
  • Proven skills and experience in contract negotiation and price negotiation in a manufacturing environment.
  • Strategic thinker and implementer of effective tactful plans.
  • Ability to assign the highest priority to customer satisfaction while meeting commitments to achieve business objectives.
  • Ability to perform function with a sense of purpose and high degree of urgency.

Responsibilities include: 

  • Work with the Strategic Commodity Manager and implements the global commodity strategies on a divisional level.
  • Assist in the development and implementation of the commodity strategy in assigned commodities.
  • Evaluate supplier quotations to obtain the best overall purchase on behalf of the company.
  • Manage RFQ’s to the supply base according to the commodity strategy to support programs (current and new
  • Evaluate supplier cost structure to obtain best overall value on behalf of the Company.
  • Award purchase orders within the frame work of the strategic commodity plan for current business and/or re-sourcing; following the purchasing process guidelines and policies.
  • Establish supplier Long Term Agreements and supplier giveback terms for current and/or resourcing business.
  • Establish supplier credit terms and the completion of credit applications.
  • Report out market impact on components/materials and key indicators to suppliers health regularly at regional level.
  • Collect and report purchasing related information to global commodity leads, regional purchasing, etc.
  • Keep management informed on commercial issues through communications; aids and assists the department with reports, presentations, etc.
  • Utilize a total cost approach to optimizing piece prices for assign commodities, tactics to include but not limited to bundling, global sourcing, multiple sources/competition, specification changes, process optimization, value analysis/value engineering, logistics, and payment term improvement.
  • Work with a cross functional team in support of the assigned commodities, including Program Management, Engineering, Production Control and Logistics, Supplier Quality Development and Quality departments.
  • Coordinate supplier development, consolidation and reduction programs.
  • Lead divisional cost savings initiatives with negotiation, alternate sourcing strategies and qualifying potential suppliers.
  • Within a given commodity, assure purchasing leveraging is optimized by providing oversight of the consolidated buy for all the Groups.
  • Practice and maintains integrity in all business dealings.
  • Create a positive work environment by demonstrating and sharing functional and technical knowledge.
  • Perform all job functions in a safe and healthful manner, abiding by all health, safety and environmental rules.

About the Company

Terri Rennie Consulting Inc.