Commodity Buyer Resume Samples

The duty of a Commodity Buyer is to purchase commodities to be used in manufacturing or other business applications. The job description includes monitoring and analyzing the commodity market and overall economic conditions and ensure that the commodities are procured at competitive prices. A well-drafted Commodity Buyer Resume indicates the following duties and tasks – participating in contract negotiations, ensuring that the orders comply with quality standards, identifying and developing strategic supply sources; and executing commodity strategies for the assigned commodity.

The nature of the job demands the following skills and abilities – experience in procurement of indirect materials and services; solid knowledge of cost drivers; experience in legal contract negotiations and risk management, the ability to interpret blueprints and technical drawings; and skillful with formal presentations. A bachelor’s degree in the supply chain, business or engineering is required.

Commodity Buyer Resume example

Commodity Buyer Resume

Objective : Commodity Buyer manages the total cost, relationship, and commodity and supplier strategies for assigned Electronics categories and Product Lines, including managing and understanding the total risk associated with suppliers and supply chain.

Skills : Purchasing, Inventory Management.

Description :

    1. Responsible for supporting APQP or NPDS teams as needed.
    2. Supports supplier manufacturing feasibility reviews.
    3. Coordinates the purchase of safety and critical component parts.
    4. Analyzes and requested PPAP submissions from current and new suppliers.
    5. Achieves cost reduction goals for steering systems components through localization and VA/VE efforts while leveraging corporate global purchasing power.
    6. Drives domestic and global sourcing analysis.
    7. Audits supplier performance.
    8. Makes overseas cost comparisons using technical, manufacturing and incoterms knowledge.
    9. Conducts cost-breakdown analysis.
Years of Experience
Experience
2-5 Years
Experience Level
Level
Junior
Education
Education
Bachelors


Jr. Commodity Buyer Resume

Objective : Experienced Commodity Buyer with a diverse purchasing background. Self-starter who finds new opportunities for cost savings.

Skills : Microsoft Office, Account Management, Customer Service,.

Description :

    1. Develops, leads and executes international Sourcing strategy for assigned commodities, analyzes global markets and management of supply base.
    2. Manages direct supplier relationships in all aspects including commercial and supply chain management, NPI support, root-cause analysis of issues, problem resolution, and improving the supplier manufacturing process.
    3. Works effectively cross-functionally to develop and execute Sourcing strategies to deliver against Material Cost Take Out, Quality, Delivery, Cash goals
    4. Utilizes RFQ tools & systems to manage supplier negotiations and data, to identify and drive project execution within given Commodities.
    5. Leads strategic negotiations and review all agreements prior to execution.
    6. Leads Quarterly/Semi-Annual Business reviews with Executive Level audience.
    7. Leverages key supplier relationships to resolve major supply issues at all sites.
Years of Experience
Experience
2-5 Years
Experience Level
Level
Junior
Education
Education
BA


Sr. Commodity Buyer Resume

Summary : To obtain a Commodity Buyer position in the purchasing field as a manager with an organisation that is successful and committed to growth and use (20) years of experience and knowledge to help in making the organisation more profitable through cost savings and supplier reduction.

Skills : MS Office, Supply Chain Management.

Description :

    1. Maintains and disposits weekly records of purchase requisitions, weekly MRP (past due, pull-ins, push out, expedite and cancel orders).
    2. Corresponds with vendors; keeps informed of new products and market conditions and trends.
    3. Coordinates and communicates purchasing status with other departments regarding a custom build or order.
    4. Monitors vendor performance through on-time delivery, pricing, product quality, and customer service.
    5. Audits and approves in supplier selection, supplier evaluation, bidding process and analysis, cost negotiations Create and maintained a KANBAN process with suppliers for on-time delivery to provide less excess and utilize the quick usage of raw materials.
    6. Develops, implements and maintains Corporate Procurement policies Reduce excess inventory by returning returnable unused material, selling to the third party or selling back to the customer.
    7. Recommends alternative on long lead time items for better shipment schedule and cost reduction.
Years of Experience
Experience
10+ Years
Experience Level
Level
Senior
Education
Education
Bachelor's

Commodity Buyer I Resume

Objective : To obtain a Commodity Buyer position in a progressive organization to assist with the development and implementation of lean process and efficiencies in Supply Chain Management, managing high volume inventories with key strategies allowing for optimum inventory turns and COG's savings.

Skills : MS Office, Management skills.

Description :

    1. Selects qualifies and develops a strategic supply base.
    2. Acquires sources for new technologies that provide us with a competitive advantage.
    3. Serves as a commodity specialist by tracking and reporting market trends and economic conditions affecting assigned commodities.
    4. Identifies high-risk supply chains and implement contingency plans internally and externally.
    5. Formulates sourcing strategies to support short-term and long-term operational requirements.
    6. Develops accurate material cost forecasts based on market/industry/economic factors and suppliers’ pricing strategies.
    7. Initiates and implements cost improvement projects with input from relevant stakeholders.
Years of Experience
Experience
2-5 Years
Experience Level
Level
Junior
Education
Education
Bachelor's

Commodity Buyer II Resume

Headline : Commodity Buyer and Inventory Manager with diverse work history seeking a similar position at a progressive and growing company. Driven to excellence through personal development and continued education. College graduate with a degree in Business Administration from Central Oregon Community College. More than 20 years' experience managing inventory and making buying decisions for businesses.

Skills : Inventory Management, Purchasing, Negotiation, Computer.

Description :

    1. Sells and Purchases grain and feed ingredients to and from customers.
    2. Monitors and processes all hedging.
    3. Works one on one with about 400+ producers on developing marketing programs that fit their needs.
    4. Calls on customers. Attends and presents marketing meetings.
    5. Develops material and component cost models within commodity responsibilities to accurately predict future material costs for the organization.
    6. Selects and qualifies suppliers based on Total Cost of Ownership (TCO) incorporating customer needs, organizational goals, and market conditions.
    7. Demonstrates creativity, technical skills, and problem-solving attributes.
Years of Experience
Experience
5-7 Years
Experience Level
Level
Executive
Education
Education
Management

Commodity Buyer III Resume

Summary : Commodity Buyer position that offers growth, leadership and the ability to contribute to build an exciting and successful business unit.

Skills : Procurement/Sourcing, Inventory Management, Project Management, Lean Management.

Description :

    1. Reviews purchase requisitions for clarity, compliance, detail, completeness, and obtain additional information considered necessary. Develop sourcing lists for various commodities to support the development of requests for information (RFIs), quotations (RFQs), proposals (RFPs) and invitations to bid.
    2. Prepares Requests for Quotes and Proposals, comparisons, recommendations, and justifications.
    3. Reviews proposals, negotiate price and payment and delivery terms, select or recommend suppliers, analyzes trends, follows up orders placed, and verifies delivery.
    4. Confers with suppliers and analyze suppliers' operations to determine factors that affect prices and determine the lowest cost consistent with quality, reliability, and ability to meet required schedules specific to an identified geographic location.
    5. Compiles and analyzes statistical data to determine the feasibility of buying products and to establish price objectives.
    6. Prepares cost/price analysis documentation in accordance with Procurement Policies and Procedures.
    7. Generates Purchase Orders in the final form for approval and signature. Maintain supplier files and purchase order records in accordance with established policies, procedures, and audit guidelines to ensure compliance through the procurement cycle.
Years of Experience
Experience
7-10 Years
Experience Level
Level
Management
Education
Education
BA

Asst. Commodity Buyer Resume

Objective : Commodity Buyer responsible for preparation and administration of Purchase Orders and modifications consistent with client requirements, government regulations and procurement policies/procedures.

Skills : Microsoft Office, Purchasing.

Description :

    1. Purchased agent in charge of direct materials for large stamping and welding facilities with revenues of $100 million a month.
    2. Negotiated and managed suppliers throughout the supply chain.
    3. Lead supplier improvement programs.
    4. Addressed delivery performance issues between supplier and shop floor by acting as the liaison between senior management from both parties.
    5. Used of ERP, utilizing MRP, PRP, and SRP functions, to oversee and identify daily supplier performance.
    6. Managed all startup and trial activities by coordinating project management's plan and suppliers' capabilities.
    7. Initiate improvement activity from kaizen perspective on a division and corporate level.
    8. Communicated to shop floor, middle management, upper management, and executive-level management all activities that are pertinent to their respective sections.
    9. Initiated and approved multi-million-dollar purchase orders for mass production activities.
Years of Experience
Experience
2-5 Years
Experience Level
Level
Junior
Education
Education
MBA

Associate Commodity Buyer Resume

Headline : Results-oriented Strategic Purchasing Professional with 20+ years of experience in leading organizations. A team leader that has collaborated across the organization to drive effective supplier management. Fostered many proactive purchasing environments that delivered cost savings, efficiencies and compliance to the organization.

Skills : Strategic Sourcing, Vendor Management, Negotiations, Contract Management.

Description :

    1. Launched a newly created purchasing department, chartered to consolidate and reduce $300M annual spend.
    2. Reduced vendor complacency, consolidated spending, reduced cost, and fostered continuous improvements.
    3. Negotiated numerous complex contracts in support of various goods and services purchased, which instituted more favorable contracts and supplier relationships.
    4. Generated Purchase Orders in the final form for approval and signature. Maintain supplier files and purchase order records in accordance with established policies, procedures, and audit guidelines to ensure compliance through the procurement cycle.
    5. Managed supplier performance through consistent communication to ensure proper adherence to purchase order terms and conditions.
    6. Interacted with suppliers and departments regarding procurement procedures and the status of orders.
    7. Supported proposal activities to include soliciting and negotiating quotes consistent with the capture strategy.
Years of Experience
Experience
5-7 Years
Experience Level
Level
Executive
Education
Education
B.S.

Lead Commodity Buyer Resume

Summary : Commodity Buyer experience in supply chain management including negotiation, strategic sourcing, purchasing project management and supplier development. Strong negotiator with a history of delivering cost reductions through both negotiation and design savings initiatives. Purchasing /Commodity Specialties Die Castings, Bearings,Plastic /Rubber,Fasteners,Turned Parts,Stampings,Electrical.

Skills : Purchasing /Commodity Specialties, Cooling Systems.

Description :

    1. Develops global sourcing strategies for multiple site production facilities.

    2. Identifies develops and nurtures value add relationships with key vendors for all Specialty Ingredient components

    3. Negotiates and purchases Specialty ingredients cost-effectively for assigned product groups

    4. Identifies and capitalizes on global procurement synergies.

    5. Performs highly specialized functional analysis to support the business and provide interpretations of results back to management, customers or relevant stakeholders within the organization

    6. Make recommendations to VP relating to creative value add sourcing strategies that can impact price terms and conditions of agreements

    7. Prepares weekly update reports for upper management as needed

    8. Prepares as needed Excel reports, presentations and financial report formatting to support departmental reporting requirements or as may be required for analysis by management

Years of Experience
Experience
10+ Years
Experience Level
Level
Senior
Education
Education
MBA

Commodity Buyer Resume

Summary : A motivated and confident business Commodity Buyer professional with a proven ability to plan and execute projects. Possesses the interpersonal, communication and problem-solving skills needed to manage teams and coordinate daily personnel requirements. A driven leader with proven performance and ability to work as a trainer and mentor in a professional environment.

Skills : Supply Chain Management, Planning, Purchasing, Purchasing.

Description :

    1. Devised and implemented strategies for buying commodities from the supplier.
    2. Analyzed global demands for the assigned commodities.
    3. Command proficiency in commodities and buying processes and update as required.
    4. Handled and managed records and presentations for meetings.
    5. Assessed, evaluated and suggested reliable commodity suppliers.
    6. Implemented and Advised management on purchases.
    7. Collaborated with clients and staff to preserve commodity quality.
    8. Interfaced between suppliers and operational teams on buying processes.
Years of Experience
Experience
7-10 Years
Experience Level
Level
Consultant
Education
Education
Bachelor's