This strategic sourcing position will have responsibility for leading all sourcing initiatives for the Lab Equipment Division (LED) of Thermo Fisher Scientific on the assigned commodity. As a key member of the global LED sourcing team, the Commodity Manager role will lead regional or global strategy developments and deployments in a assigned commodity. These strategies will be in alignment with the overall sourcing strategy of driving down the total cost of ownership for direct materials. Responsibilities include interact with regional/global sourcing team members to develop and launch commodity sourcing strategies in support of the local sites goals and objectives. This role will be a model for proactively prioritizing and managing multiple key projects with a balanced view in sourcing savings and strategies. This role will be accountable to improve vendor managed inventory, days payable with both total cost improvement, and year-over-year productivity savings.
Commodity Managers will be regionally based and participate in and execute on the regional portion of a global strategy with varied duties from below.
Key Duties and Responsibilities:
- To collect, manage, analyze, and report timely and reliable sourcing data.
- Define and implement a sound Commodity Strategy assuring success when delivering a quality product at a competitive price across multiple sites.
- Manage the assigned Commodity.
- Identify and drive category savings opportunities through data analysis and input from stakeholders and in collaboration with regional and global peers to achieve greater synergy savings.
- Consolidate supply base utilizing the Thermo Fisher Scientific strategic sourcing process and through other means as appropriate – e.g. LCR sourcing consolidation efforts.
- Drive cost reduction/productivity programs consistent with the objectives set forth by the division. In collaboration with department peers: drive, document, and utilize best practice in department work practices e.g. processes, procedures, and documentation that reduces work, streamlines the sourcing process, and improves organizational throughout and workload balance.
- Commodity strategic sourcing, maintaining alignment with and in accordance to current division and corporate operation standards and practices Areas of experience are, but not limited to: price increase escalation sign-off policy, the roles of product regulatory authorities (e.g. UL, FDA, TÜV, etc.), regularly scheduled sourcing reviews, request for quotation management, e-Auctions, binding supplier contracts, and negotiating best terms and conditions.
- Analyze multiple bids from sources in the commodity scope and strategy, including Asia-Pacific and Eastern Europe to make selection recommendations based on Total Cost of Ownership analysis and Corporate guidelines. Ability to understand and manage changes at suppliers, commodity markets, and technology that may affect the commodity and opportunities to improve overall costs. Organize, lead and facilitate multi-site or cross-functional sourcing teams for various strategic projects. Maintain thorough record trail for sourcing decisions and archival methods for future reference. Track and oversee internal and external contract compliance. Responsible to track and improve vendor owned and managed inventory (VOMI), KANBAN or Consignment objectives of the company and division with year-over-year improvements. Ensure supplier performance through a formal supplier performance evaluation process. Other duties as assigned.
Qualifications (Education, Experience and Competencies):
- College or University Degree. Engineering background is preferred.
- Minimum of 5 - 8 years progressive strategic sourcing experience. Experience in successfully sourcing of direct materials and services globally Experience in utilizing tools to manage e-Sourcing e-Negotiation events.
- Documented success in negotiating, written and verbal communication skills.
- Documented experience in strategic supplier selection and ongoing supplier management. Must have experience within a formal sourcing process.
- Excellent organizational skills.
- Analytical and project management skills. Ability to follow-through on tasks to on-time completion. High degree of initiative as a self-starter.
- Personal Computer skills required are: MS Access, Excel, Word, and PowerPoint, knowledge of ERP and MRP software applications a plus.
- Excellent Customer/Supplier relations skills. Excellent interpersonal and change management skills.
- Cost accounting principles proficiency, e.g. make-buy, Total Cost of Ownership, Cost-breakdown, etc.
- Advanced knowledge of suppliers’ manufacturing processes, industry experience, and identifying and challenging product cost drivers.
- Sound negotiating skills and Documented strategy successes when understanding competitive forces, supplier strengths and weaknesses, and hands-on experience in Total Cost of Ownership analysis.
- Travel requirement: 25-30%