A Commodity Specialist takes responsibility for designing specialist strategies to procure commodities both at global and regional markets. A well-written Commodity Specialist Resume mentions the following core duties and responsibilities – assisting in adhering to quality norms through resource and techniques evaluation; developing and consolidating business relations, assisting supplies and staff through research; training departments towards the best interest of the company; managing commodity procurement as per specifications; building strategies to encourage a high level of supplier performance, advising on commodity trends and budgets, and attending business meetings and staying updated on developments.
To ensure success in this field, the specialists dealing with commodity trading are expected to possess the following skills – Experience in managing projects and assisting in purchasing commodities; thorough knowledge of Six Sigma, outstanding knowledge to interpret blueprints and drawings; the ability to solve all issues; and communication skills. A degree and relevant certification in CPM or APICS will be a preferred qualification.
Objective : Seeking a career-oriented Commodity Specialist position in a challenging environment, providing opportunities for growth and advancement, where I can utilize my education and extensive experience towards becoming a valuable team member.
Provided expert and technical direction and guidance to grantees regarding grant applications and/or Sub-Agent agreements, process modifications, progress reports, and budgets.
Assisted and directed agencies participating in The Emergency Food Assistance Program (TEFAP) and The Commodity Supplemental Food Assistance Program (CSFP) in preparations of budgets, budget reconciliations, and Federal Grant application and/or agreement processes for these programs.
Created Microsoft Excel reports pertaining to funding received through federal grants and expenditures incurred.
Performed annual reviews and monitoring of Commodity storage and record-keeping practices pertaining to expenditures paid with funds governed by state and federal laws and agency policy.
Reviewed, monitored, and provided proficient technical guidance and assistance to Schools and Agencies that receive United States Department of Agriculture (USDA) donated foods and grant funding through participation in the National School Lunch Program (NSLP), Child and Adult Care Food Program (CACFP), The Emergency Food Assistance Programs (TEFAP), and the Summer Food Service Program (SFSP).
Audited inventory on hand and address instances of insufficient storage or utilization of USDA foods and or grant funds according to USDA regulations.
Instructed and directed School and Agency staff in proper procedures and actions required in instances of a USDA Food Loss.
Experience
2-5 Years
Level
Executive
Education
Associate's In Business Technology
Commodity Specialist Resume
Summary : Responsible for Managing engineering change system (NEC) and new business (e.g., open issues), and also Obtaining new issues from the Sales department and Plant Demand Planning dept distribute the issues to the Procurement team, and close the issue between Procurement and Sales/Demand Planning.
Skills : Six Sigma, Design For Six Sigma, Designing Skills.
Description :
Provided total commodity management of key strategic suppliers of machining, electro-mechanical assemblies, sheet metal, and OEM products for the Scientific Instruments Division.
Drived increased inventory turns and lead time reduction.
Developed and tested consignment program and electronic ECO process.
Eliminated material shortages by utilizing lean manufacturing tools and processes.
Facilitated Practical Process Improvement and served as team leader.
Managed the selection process of external suppliers in the outsourcing of in-house builds.
Oversaw introduction and transfer of new products.
Experience
10+ Years
Level
Senior
Education
MS
Commodity Specialist Resume
Objective : Organizing an effective communicator who manages cross-functional relationships to deliver winning solutions for procurement, while streamlining processes and costs. Develop and implement innovative strategies that drive and measure smart spending, continuous analysis of supplier performance, and overall business value.
Skills : Microsoft Office, Developing Skills, Planning Skills.
Description :
Manufactured heater and air conditioner systems and components for mobile applications.
Commodity Specialist Experienced in Oracle ERP - Scheduled orders and placed PO's based on non-production requirements (NPD and MRO), and availability to support new product development and maintenance activities.
Initiated and maintained production supplier and part setups in the MRP system.
Reviewed invoicing for 3-way match and resolved discrepancies to ensure IPV/PPV accuracy.
Final reviewed of all cost changes for approval and accuracy, and managed cost change tracker for overall cost impact to Red Dot.
Collected and reviewed data cross functionally, from Planning and Quality teams (Delivery, PPM, Cost Reduction Proposal, PPAP & ISIR on time and correct), to populate and distribute supplier score cards on a monthly basis.
Maintained monthly and annual metrics on performance.
Experience
2-5 Years
Level
Junior
Education
MS
Commodity Specialist Resume
Objective : Responsible for Preparing and presenting weekly program status to management, issuing and leading the discussion on how to improve the escalated condition.
Skills : Management, Procurement, Materials Management, Lean Six Sigma, Contract Negotiation, Logistics, Cross-Functional Team Leadership, Strategic Planning, Database Management, Execution.
Description :
Conducted worldwide procurement, planning, distribution, and inventory management of engineered inkjet printer components/products.
Included injection Molded Plastics; Castings/Precision Machined and Painted Metals; Electronics; Consumable Supplies (Inkjet Cartridges, Ink, and Media).
Introduced Blanket Purchase Order System, which simplified the procurement process.
Developed replenishment programs with key suppliers that cut lead times 50 to 80%.
Interfaced with engineering for new product introduction, BOM /ECO revisions.
Managed Suppliers, including contract management, annual cost reduction, performance analysis, and quality/cost discrepancy resolution.
Trained Associate Buyers.
Experience
0-2 Years
Level
Entry Level
Education
GED
Commodity Specialist Resume
Objective : To make a significant change to individual and corporate lives by applying my formal training, management, and leadership skills within a productive team environment.
Skills : MS Suite Products Power User, Designing Skills, Communication Skills.
Description :
Created and maintained Purchased Parts List (new/carryover for new programs).
Coordinated Sourcing/Purchasing functions for Engineering Change Instruction (ECI) implementation by obtaining the ECI from Design, distributing it to the Procurement team, and verifying that it is sent to the supplier.
Managed engineering change system (NEC) and new business (e.g., open issues).
Obtained new issues from the Sales department and Plant Demand Planning dept distribute the issues to the Procurement team and close the issue between Procurement and Sales/Demand Planning.
Represented purchasing in weekly CSR, Sourcing meetings, open issues, cost reduction, and other program-related meetings.
Prepared and tracked purchasing related activities to support budget activities for cost reduction projects and/ or for future opportunities for cost savings.
Tracked and reported a Blanket Purchase Order (PO) status.
Experience
2-5 Years
Level
Junior
Education
AA In Business Equivalent
Commodity Specialist Resume
Objective : Professional with experience in supply chain management, procurement, Lean Six Sigma, and contract negotiation. Strengths include problem-solving, flexibility, leadership, accountability, communication, and continuous improvement.
Skills : Supplier Assessment, ISO Auditor, MRP - DRP Systems, MS Excel, MS Word, MS PowerPoint, MS Access, Inventory Management, Manager, Purchasing, Project Management.
Description :
Led supply chain project launching aftermarket parts line.
Resourced distressed product lines and suppliers.
Worked with engineering, legal, marketing, finance, and sales for strategic projects.
Sourced Products from China, Taiwan, Turkey, India, and Europe.
Brought in to manage the hydraulics line, then machined castings, hardware, and then bearings.
Implemented VMI programs for hardware at the distribution centers and dealer levels.
Sought new business opportunities and responsible for overall business relationships with suppliers Contract Employment.
Experience
2-5 Years
Level
Executive
Education
MS
Commodity Specialist Resume
Objective : Responsible for Tracking OTD and Expedites from suppliers, and also Creating an action team to address future sourcing activities.
Skills : Planning Skills, Communication Skills, Multitasking.
Description :
Negotiated contract pricing for a 5 million-dollar commodity, which consists of sheet metal, castings, extrusions, metal stampings, plastics, and machine parts.
Managed PPV activity and respond with corrective action when needed.
Set up standards for new product releases through engineering.
Advised management of the status of work in progress, material availability, and potential production problems.
Managed interdepartmental activities when production lines are in jeopardy of shutting down due to shortages.
Managed cost reduction activities within the US and Overseas contract manufacturing opportunities.
Responsible for managing supplier conflict resolution regarding pricing, shortages, or quality issues.
Experience
2-5 Years
Level
Junior
Education
AA In Business Equivalent
Commodity Specialist Resume
Headline : Highly resourceful sourcing professional with extensive experience in sourcing, contract negotiations, supply chain management, and OEM manufacturing. Delivery on multiple, critical projects on time or ahead of schedule. Proven track record of effective sourcing, cost savings, and process improvements. Recognized as a valued business partner committed to promote creativity and develop strong partnerships in cross-functional teams.
Partnered with key stakeholders and manage suppliers in indirect procurement supporting Finance, HR, Corporate Strategy, Facilities, QA, and Latin America Retail with a focus on driving cost savings and improving terms.
Performed spend analysis to formulate sourcing strategies.
Managed RFPs and cross-functional projects, perform market/bid analysis, and lead negotiations to optimize value.
Monitored supplier performance, lead supplier scorecard/QBR programs, and conduct business reviews across various business units.
Led and facilitated supplier selection and manage complex contract negotiations, involving Legal, Risk, and other departments as necessary to achieve favorable terms while minimizing risk.
Reviewed suppliers' contracts and proposals and draft/negotiate standard and non-standard agreements, NDAs, and SOWs.
Assisted Business Units, Suppliers, and Accounts Payable with purchase order and accounts payable related issues.
Experience
5-7 Years
Level
Executive
Education
BS In Marketing
Commodity Specialist Resume
Headline : Proven leader with a Commodity Specialist background and MBA. Consistently exhibits the ability to develop strategies, motivate people, and effectively communicate expectations. Proven success in negotiating multi-million dollar contracts and developing supply chains. Ability to influence and coach effectively at all levels of the organization. Knowledge of SAP (CRS), and Microsoft Office Suite. Six Sigma Trained and CPSM certified.
Skills : Microsoft Excel, Oracle, Management Skills.
Description :
Supported Intel Enterprise Platform Server Division by developing sourcing strategies for connector commodity based on business unit goals and industry trends Cost savings o Negotiated reduced commodity spending by an average of 4% per quarter o Responsible for developing commodity strategy using internet negotiations.
Initiated value engineering and design for cost initiatives (achieved projected $17M savings in FY2006).
Evaluated vendor managed and consigned inventory arrangements for improvement opportunities.
Assessed risk scenarios and reduced the number of consigned parts resulting in greater than $2M annual savings.
Developed strategy to reduce sole and single-sourced scenarios while driving more opportunities to top tier suppliers and eliminating underperforming suppliers Leadership o Introduced internet negotiations to the Enterprise Server Division.
Managed the launch of internet negotiations within the sourcing team.
Responsible for developing the strategy, providing training, and managing the team's execution.
Experience
5-7 Years
Level
Executive
Education
MBA
Commodity Specialist Resume
Summary : Results-oriented, driven Commodity Specialist with more than 25 years of comprehensive achievements within procurement, global sourcing, and purchasing. Excels in applying state-of-the-art concepts to reduce costs while optimizing efficiency, productivity, and profitability. Offers high-caliber management qualifications in utilizing out-of-the-box approaches in leading and developing cross-functional teams to achieve tremendous product innovation and growth.
Skills : Research and documentation, Technical Writing, Procurement.
Description :
Provided expert oversight to the purchasing function for sub-assemblies, injection molded and machined components, and outside services with emphasis on new product launches.
Instrumental in coordinating more than 300 supplier sample submissions prior to new platform launch.
Accurately prepared monthly supplier reports with OTD, PPM, and cost of Quality data.
MRP Oracle Notable Contributions: Significantly reduced shipping lead times through the implementation of offshore managed warehouse in US.
Displayed unsurpassed leadership and expertise resulting to $90,000 lamination productivity savings.
Streamlined purchasing procedures to eliminate supplier over stocking and charging back.
Achieved $100,000 savings in the first auction; licensed for Quick Source Reverse Auctions with Ariba.
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