Senior Commodity Buyer - Electronics

Typical Responsibilities

• Develop and execute Commodity Strategy(s), including market analysis, implementing strategic sourcing activities to procure and manage commodities, minimising cost and risk while maximising quality.
• Negotiate contracts, pricing, and terms & conditions with suppliers, and manage the storage and transportation of commodities to ensure optimal logistics.
• Monitor market trends and developments to inform procurement decisions, ensuring compliance with relevant laws, regulations, and company policies & procedures.
• Develop and maintain strong relationships with internal and external stakeholders to facilitate effective procurement processes.
• Oversee the implementation and maintenance of Long-Term Agreements (LTAs) to secure longterm.profitability, manage the Bill of Materials (BOM) costs, and ensure accurate data management.
• Collaborate with the Quality department to ensure vendors have appropriate quality systems, conduct regular audits, and prioritise audits based on spend and risk, while minimising the number of vendors to maintain direct control of the supply chain.
• Ensure commercial negotiations align with Commodity Strategies and conduct long-term cost planning based on these strategies and external market trends.
• Develop and deploy an integrated approach to purchasing-related cost reduction activities, balancing unit cost and total cost priorities.
• Identify, communicate and mitigate supply risks including supplier capacity, component availability and obsolescence, lead times, commercial volatility and quality.
• Build excellent relationships with, and interrogate, our existing supply base to understand their capabilities, dependencies, gaps and ability to grow with us.
• Proactively research and engage with potential new suppliers from initial introduction, capability analysis, commercial suitability and on-boarding.
• Prepare and lead internal meetings to communicate our strategy, give a forum for Engineering input, capture actions, take ownership and drive resolution.
• Support the development and reporting of departmental KPIs, monitoring the successes and challenges with your category, with a relentless focus on continuous improvement.
• Support the wider Procurement team to manage department workload as necessary.