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Commodity Manager

Company: La-Z-Boy, Inc.
Location: High Point
Posted on: November 16, 2021

Job Description:

JOB SUMMARY: The Commodity Manager is responsible to develop and implement commodity/supply chain strategies that reduce total landed costs while providing the highest levels of quality and service to each division. Primary activities include the development of commodity strategies, commodity / industry expertise, supplier management, and cost reductions. KEY RESPONSIBILITIES (other duties as assigned): * Develop comprehensive commodity strategies that deliver the lowest total landed cost, best in class quality and technology for each division by leveraging company-wide volumes. Continue to build and develop relationships with key stakeholders in the business units to ensure procurement strategies support overall company and business unit objectives. * Company subject matter expert (SME) for assigned commodities. Thorough understanding of all industry trends, technologies, and cost drivers. Leverage this expertise in developing robust commodity strategies. * Negotiate pricing through use of cost models, cost breakdown data, market pricing data or other tactics to achieve the most favorable settlement for La-Z-Boy. Formalize commercial supply agreements through the execution of pricing agreements and contracts that govern the commercial relationship between La-Z-Boy and the supply base. * Research, identify, evaluate and develop new suppliers to meet global company strategies & production requirements. Drive supply base rationalization initiatives when necessary. * Manage the entire formal strategic sourcing process, from spend analysis through contract implementation and supplier relationship management. Support divisional purchasing teams on new product launches, cost reduction projects, and supplier performance management. SCOPE & IMPACT: Position is responsible for delivering the annual procurement cost reduction goal which is prorated to each CM based on their % of spend under control. Also manages the entire commercial relationship (pricing, supply agreements) for assigned commodities which typically range from 20-60 suppliers, with an annual spend of $55m - $90m. MINIMUM REQUIREMENTS: * Bachelor's degree in business (preferably Supply Chain Management) or technical discipline with 8-10 years of relevant experience including 3-5 years of supervisory/leadership experience, or equivalent. * 6-8 years of experience working within a Procurement function * 3-5 years of experience managing a direct material commodity * Up to 50 % travel. PREFERRED REQUIREMENTS: * Master's degree * CPM Certificate * Formal Supplier Assessments * Lean Manufacturing * APQP & PPAP * Experience with ERP Systems and proficient in MS Office suite of products SUPERVISORY RESPONSIBILITIES: None PHYSICAL DEMANDS/WORK ENVIRONMENT: Operates in a both a professional office environment as well as subject to inside environmental conditions, noise, hazards, atmospheric conditions, and oils. Often required to hear, listen, and talk and seldom required to stand and walk. CORE ATTRIBUTES: Communicate Transparently Lead the Team Impact and Influence Deliver Results Coach and Develop At La-Z-Boy, we are committed to fostering an environment in which all employees feel valued, included, and empowered to do their best work and bring great ideas to the table. We understand that our employees' diverse backgrounds, experiences, perspectives, and viewpoints add value to our ability to create and deliver the best possible service, quality products, and is of upmost importance as we work together to Build Something Amazing. OTHER DUTIES: Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the incumbent for this job. Duties, responsibilities and activities may change at any time with or without notice.

Keywords: La-Z-Boy, Inc., High Point , Commodity Manager, Executive , High Point, North Carolina

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