Commodity Specialist

About the role

General Fasteners located in Livonia, MI is looking to hire a Commodity Specialist. Join a stable and growing local company with potential for career growth. The company offers a competitive starting wage and great benefits and perks, including 10 paid holidays, generous paid time off (PTO), a 401(k) option, flexible spending accounts (FSAs), life insurance, a down-to-earth casual environment, and a positive team-oriented culture. Full-time employees also have access to medical, dental, vision, and other insurance options. With over 70 years in business, General Fasteners is a privately held Michigan corporation dedicated to helping customers reach strategic goals through inventory solutions. The company culture emphasizes happy, talented employees, friendly down-to-earth team members, and a healthy work-life balance with opportunities for personal development.

Responsibilities

A DAY IN THE LIFE OF A COMMODITY SPECIALIST: Commodity Specialists are responsible for creating and maintaining relationships with new and existing strategic suppliers. This position plays a pivotal role in the company ensuring the stability of our supply chain and competitiveness. Coordination with colleagues & utilization of resources from the Engineering, Quality, Accounting, Operations and Sales teams to fulfill client needs is critical to the success of Commodity Management.

• Managing the company's supply chain by sourcing, negotiating, and purchasing commodities
• Maintain/Implement pricing strategy to establish the best price market wide
• Evaluate market conditions to mitigate risks
• Understand product offerings provided by suppliers
• Maintain/Implement inventory strategies to decrease cost, increase inventory turns, and increase profitability
• Maintain/Implement supplier rebate programs
• Negotiate competitive payment terms / Assist Accounting with invoice concerns
• Build and maintain good relationships with both new and existing suppliers
• Conduct quarterly business reviews with strategic suppliers to review performance and establish continuous improvement strategies
• Assist on identifying suppliers for gap purchases
• Assist Quality with customer / supplier concerns

Requirements

• Experience with Microsoft Office applications: Outlook, Excel, Word, Access
• Experience using Epicor Prophet 21 and IQS