Global Commodity Manager
CTS CorporationCTS Corporation
About Us:
We are committed to finding smart solutions that enable an intelligent and seamless world. Our success as a world-class leader in technology has evolved from humble beginnings. In 1896, the enterprising father and son team of A.J. and George A. Briggs partnered with S.A. Buffington, a Chicago lawyer, to establish Chicago Telephone Supply Company (later to become CTS).
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Today, CTS is a leading designer and manufacturer of sensors, actuators, and electronic components for suppliers and original equipment manufacturers. We have over 20 locations in 12 countries and more than 3,500 employees. Our innovative sensing, connectivity, and motion solutions offer a diverse range of products across diversified end markets including transportation, medical, aerospace and defense, and industrial. We are at the forefront of supporting innovating life-changing technology, focusing on quality to keep people safe, healthy, and happy.
Position Summary
This position manages commodities and suppliers as assigned within the Sensors and Mechatronics Business Unit. This Commodity Manager will be responsible for direct purchases that may include, but not limited to resins and molded components, wires and harnesses including connectors and harness components, fasteners and bearings. It supports cross-functional leadership across the business in achieving departmental goals and contributing to the overall success of the business.
The Global Commodity Manager (GCM) leads the sourcing of goods and services for all global facilities within the Sensors and Mechatronics business that they are responsible for. The GCM, together with Purchasing leadership and key members of the business, defines the strategic expectations for the Commodity (such as spend, costs, footprint, sourcing splits, savings). As part of the Commodity Strategy, the GCM will own the relations with the suppliers, they will conduct strategic sourcing, manage supplier relationships, negotiate with suppliers as well as continue to enhance commodity strategies to reflect the evolving needs of the business and market. The GCM will contribute to the launch of high-quality products and programs with the best value and ensure this continues over the life of the products.
Key Responsibilities
• Understand the needs of the business from the immediate to the longer term and ensure that the Commodity Strategy reflects the expectations of the CTS stakeholders over the CTS product lifecycle
• Develop and execute global commodity strategies, which include supply base rationalization, spend allocations, supplier negotiation, long-term agreements, contract creation and management, new supplier identification, new supplier commercial justifications, supplier qualification, ESG / Sustainability, cost reductions and supplier relationship management.
• Analysis of market trends (including geopolitical events, regulations and commodity prices indexes), market capacity and material availability across the supplier landscape with a view to developing initiatives to maximize the benefits or offset the risks.
• Owns the commercial and contractual relationship with their suppliers and serve as the internal supplier management point of escalation
• Have a deep understanding of the commodities they are responsible for including the products, processes and market dynamics, and serve as the commercial expert.
• Monitor supplier performance (such as quality, delivery, spending and financial health) and drive corrective measures as appropriate
• Source all goods and services assigned in accordance with established commodity strategies, company policies and purchasing procedures. This includes initiation of RFQ’s, evaluation of quotations, and understanding the capability and overall value offered from suppliers. This also includes supporting make vs buy analysis.
• Work in a cross-functional team environment to contribute to the CTS product commercial strategy including the development of CIP