What are the responsibilities and job description for the Associate Sourcing Manager – Direct Materials – Commodities position at The J. M. Smucker Company?
Your Opportunity as an Associate Sourcing Manager, Commodities
The position will take primary leadership for managing $50M USD in spend, predominantly focused on agricultural commodities. The responsibilities will encompass the development and implementation of sourcing strategies that deliver a competitive advantage in a complex and volatile supply chain, as well as basis risk management and supplier relationship management.
Location: Orrville, OH
Work Arrangements: Hybrid, 30% in office expectation (Tues-Thurs on core weeks)
In this role you will:
Category Management Responsibilities:
- Be responsible for the procurement and supply chain management of corn, wheat, and other commodity categories as assigned
- Utilize robust strategic sourcing methodologies to develop category strategies, source raw materials, negotiate pricing, and manage suppliers, to deliver best in class execution with minimal supply risk
- Utilize independent analysis, supplier intelligence and third-party information to determine market view
- Manage basis risk, and work closely with the Commodity Risk Management (CRM) team to understand financial derivatives and the commodity markets that drive pricing
- Manage strategic supplier relationships
- Oversee and manage the supply chain from origin to manufacturing factories, ensuring continuous supply while meeting all quality, inventory and service level requirements
- Act as market expert for internal and external stakeholders for assigned categories
- Drive continuous improvement of material quality, logistics performance and specification management
- Effectively negotiate commercial terms and conditions, and be accountable for cash delivery and improvement in payment terms/DPO
- Build and maintain relationships with both internal and external stakeholders
- Provide analytical and systems support to Commodities group as needed
- Travel may include plant visits, supplier visits, and industry conferences and conventions
Cross Functional/Project Management Responsibilities:
- Act as a liaison to the Corporate Sustainability team for commodity-based sustainability initiatives
- Lead Transformation and Synergy Initiatives for assigned categories
- Lead cross functional projects related to cost savings, supply risk management, reformulations, or other strategic goals for assigned categories
- Lead cost reduction initiatives and optimize inbound supply chains
- Work with finance partners to provide reliable and accurate forward price forecasts
What we are looking for:
Minimum Requirements:
- Bachelor’s Degree is required, preferably in a relevant field such as Business Administration, Supply Chain Management, Operations, Purchasing, or Economics
- Minimum 2 years of experience in procurement, supply chain, or commodity-based role
- Ability to travel 10%
Additional skills and experiences that we think would make someone successful in this role:
- Experience in a Consumer Packaged Goods (CPG) company or Agricultural production company is a plus
- Experience with futures and basis risk management, especially agricultural commodities is a plus
- Ability to effectively negotiate and influence business decisions
- Strong relationship management skills, both internal and external
- Strong analytical, planning, and execution skills
Learn more about working at Smucker:
- Our Total Rewards Benefits Program
- Our Thriving Together Philosophy Supporting All Impacted by Our Business
- Our Continued Progress on Inclusion, Diversity and Equity
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