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Associate Commodity Manager
Ingersoll RandAssociate Commodity Manager developing and executing commodity strategies at Ingersoll Rand in Naroda, India. Responsible for supplier negotiations, management, and commodity continuity.
Tech Stack
Tools & technologiesOracleSwitching
About the role
Key responsibilities & impact- Manage and own defined commodity group
- Responsible for developing & executing detailed commodity strategy: Assess Opportunity and analysis for commodity including spend segmentation, commodity maturity, cost drivers, and supply market analysis
- Develop Sourcing Strategy for commodity detailing projects, sourcing levers (Resourcing, Localization, LCC), timing, resources, and expected benefits
- Accountable for execution of sourcing projects including RFx, continuous improvement, consolidation, etc.
- Responsible for defining negotiations strategy including supplier profiles, commercial negotiations targets, defining switching costs, and building Total Cost of Ownership (TCO)
- Conduct or support negotiations and supplier selection - accountable for contract life cycle management and compliance
- Responsible for delivering commodity productivity through price, value analysis (VA) or continuous improvement projects - responsible for supporting regional/sector counterparts
- Support supplier segmentation, Supplier Relationship Management (SRM) and quarterly supplier reviews for all strategic suppliers within commodity. Scribe for all quarterly reviews and key supplier meetings. Ensure creation of supplier profiles for all SRM suppliers.
- Responsible for commodity continuity of supply - engage with plants to efficiently resolve escalated issues and formally manage and secure supplier capacity
- Support region/sector NPD Procurement teams through preferred supplier programs, RFQ's, and SRM to set and meet program QCD targets
- Actively monitor and mitigate supplier risk including financial, capacity, quality, and compliance
- Drive Supplier consolidation program and can be able to drive Net working capital through Pay term improvement, Supplier Inventory and Manage Long term supplier agreements
- Responsible for forecasting, reporting, mitigating, and recovery of commodity inflation
- Support Quarterly Commodity Reviews (QCR) including updated projects, metrics, strategy, and countermeasures
- Identify and engage with internal stakeholders (Engineering, Operations, Quality) to capture commodity requirements and ensure supplier qualification and quality - partner with regional teams to efficiently transition suppliers as needed
Requirements
What you’ll need- Bachelor’s degree in engineering with 6-7 years of working experience in Strategic Sourcing or supply chain
- Good command of English language and good command of Microsoft Office Suite required
- Excellent customer service: commitment to solve problems and requests, understanding of the customer needs, business and priorities.
- Excellent problem-solving abilities. Solves the majority of problems with no/minimal supervision. Recognizes developing problems and brings them to the attention of others to ensure the appropriate solution is reached / decision is taken.
- Phone etiquette awareness
- Knowledge of Oracle R12 and SAP MM module software
- Must be able to work well and adapt to change in a fast-paced environment.
- Excellent written, verbal and interpersonal communication skills.
- Must have ability to work well in a virtual team environment and effectively collaborate across multiple teams.
- Understands business processes and can relate actions to business outcomes.
- Ability to analyze and document complex business processes
Benefits
Comp & perks- Stock options (Employee Ownership Program) that align your interests with the company's success.
- Yearly performance-based bonus, rewarding your hard work and dedication.
- Leave Encashments
- Maternity/Paternity Leaves
- Employee Health covered under Medical, Group Term Life & Accident Insurance
- Employee Assistance Program
- Employee development with LinkedIn Learning
- Employee recognition via Awardco
- Collaborative, multicultural work environment with a team of dedicated professionals, fostering innovation and teamwork.
ATS Keywords
✓ Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
Commodity AnalysisCost Drivers AssessmentTotal Cost of Ownership (TCO)Value Analysis (VA)ForecastingReportingSupplier SegmentationContract Life Cycle ManagementContinuous ImprovementSpend Segmentation
Soft Skills
Problem-SolvingCustomer ServiceInterpersonal CommunicationAdaptabilityCollaboration