Commodity Buyer jobs in Chicago, IL

Hendrickson is searching for a Commodity Buyer to join their team in Woodridge, IL. This individual will be responsible for performing the strategic purchasing function for assigned commodities, projects, and/or new product development programs to ensure realization of company business objectives. This individual will be recognized by the organization as a subject matter expert in at least one key commodity while working cross-functionally with all functional groups to manage supplier related opportunities and threats. They will be responsible for developing optimal supply chain solutions for assigned purchased material; taking an active role in improving processes and procedures to improve the overall effectiveness of the department.

Other duties include but are not limited to:

• Lead material cost reduction activities for assigned purchased material. Expected to independently identify cost reduction opportunities on a regular basis.

• Takes steps to minimize excess and obsolete inventory when usage is decreasing and negotiates to reduce costs when usage is increasing.

• Identifies and leverages opportunities by developing and managing contractual relationships as needed.

• Develop, foster, and enhance multi-departmental relationship(s) between Hendrickson Truck and key suppliers.

• Closes open supply base related issues efficiently and effectively.

• Assess current supply base on an on-going basis and recommend changes/alternatives that reduce purchased material cost and/or add higher value to purchased components.

• Monitor the marketplace for assigned commodities to identify trends, technology advancements, risk mitigation strategies, and cost-efficient alternatives to the status quo.

• Lead cross-functional analysis to prepare recommendation(s) for make vs. buy decisions.

• Consistently collaborates with other Hendrickson divisions to identify and leverage total spend and/or standardization opportunities that will reduce overall costs to Hendrickson.

• Ensure an uninterrupted supply of materials to production facilities through strategic management of the supply base.

• Completes risk analysis and risk mitigation projects to protect Hendrickson supply.

• Completes all purchasing tasks involved with the engineering change request process (e.g., RFQ, negotiation of costs and timing, supplier PPAP, etc.).

• Coordinate all aspects of Hendrickson “Warranty Recovery” Program regarding established warranty parameters for assigned commodities.

• Clearly documents relevant information about assigned parts and suppliers per department documentation guidelines.

• Maintains pricing agreements for all assigned purchased material and resolves any invoice discrepancies in a timely manner.

• Monitor and account for all fluctuations in purchase price variance (PPV) for assigned purchased material.

• Other duties as assigned.