Your Opportunity as the Sourcing Manager, Commodities
The position will take primary leadership for managing $100M+ USD in spend, predominantly focused on agricultural commodities. The responsibilities will encompass the development and implementation of sourcing strategies that deliver a competitive advantage in a complex and volatile supply chain, as well as basis risk management and supplier relationship management.
Location: Orrville, Corporate Offices
Work Arrangements: Hybrid, 30% in office expectations (Tuesday, Wednesday & Thursday on core weeks)
In this role you will:
- Be responsible for the procurement and supply chain management of corn, wheat, soybean meal, and other grain-based commodities
- Utilize robust strategic sourcing methodologies to develop category strategies, source raw materials, negotiate pricing, and manage suppliers, to deliver best in class execution with minimal supply risk
- Utilize independent analysis, supplier intelligence and third-party information to determine market view
- Manage basis risk, and work closely with the Commodity Risk Management (CRM) team to understand financial derivatives and the commodity markets that drive pricing
- Manage strategic supplier relationships
- Oversee and manage the supply chain from origin to manufacturing factories, ensuring continuous supply while meeting all quality, inventory and service level requirements
- Act as resource for internal and external stakeholders for assigned categories
- Drive continuous improvement of material quality, logistics performance and specification management
- Effectively negotiate commercial terms and conditions, and be accountable for cash delivery and improvement in payment terms/DPO
- Build and maintain relationships with both internal and external stakeholders
- Travel may include plant visits, supplier visits, and industry conferences and conventions
- Lead Transformation and Synergy Initiatives for assigned categories
- Lead Cross Functional projects related to assigned categories either for cost savings, BCP or other strategic goals
- Lead cost reduction initiatives and optimize inbound supply chains
- Work with finance partners to provide reliable and accurate forward price forecasts
The Right Role for You
We are bold, kind, strive to do the right thing, we play to win, and we believe in a strong community that thrives together. Our culture is rooted in our Basic Beliefs, and we believe in supporting every employee by meeting their physical, emotional, and financial needs.
What we are looking for:
Minimum Requirements:
- Bachelor’s degree
- 5 years of experience in strategic procurement or commodity-based role
- Ability to travel 10%
Additional skills and experience that we think would make someone successful in this role:
- Experience in a Consumer Packaged Goods (CPG) company or Ag production company
- Experience with futures and basis risk management, especially agricultural commodities
- Ability to effectively negotiate and influence business decisions
- Strong relationship management skills, both internal and external
- Strong analytical, planning, and execution skills
- MBA
Learn more about working at Smucker:
- Our Total Rewards Benefits Program
- Our Thriving Together Philosophy Supporting All Impacted by Our Business
- Our Continued Progress on Inclusion, Diversity and Equity
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