What are the responsibilities and job description for the Commodity Manager position at C Hager & Sons Hinge MFG CO?
Duties/Responsibilities:
· Establishes and runs projects related to sourcing needs as directed from upper management.
· Establishes procedures to accomplish sourcing a variety of materials in a cost-effective manner.
· Prepares and assigns task to team members working collaboratively with all departments.
· Analyzes market and delivery conditions to determine present and future material availability and prepares market analysis reports.
· Keeps informed of economic, industrial, and other trends that affect markets, prices, and delivery conditions.
· Recommends major purchases of materials based on anticipated changes in prices or on unusual availability situations.
· Participates and leads in contract negotiations and vendor selection.
· Monitors performance and capabilities of vendors to ensure maintenance of delivery, quality, and price commitments.
· Arranges for disposal of surplus materials.
· Manages and evaluates supplier performance.
· Acts as a liaison in dealings between vendors and user departments when necessary.
· May perform duties of Buyer in new supplier start up phases.
· Responsible for Inventory Turns and cost savings projects.