Strategic Commodity Buyer

About the Role

As a member of the Global Purchasing Organization, you will assist in the development and implementation of Purchasing Strategies according to Goals and Objectives and Commodity Roadmaps defined by the Global Commodity Director in conjunction with the Regional Lead Buyer. You will have regional/divisional commodity responsibility for sourcing, sourcing decisions, negotiations, and managing the supply base for a segment or group of suppliers in alignment with purchasing policy, internal code of ethics, and internal safety and environment rules.

Responsibilities

• In coordination with the Global Commodity Director, Regional Lead Commodity Buyer, and global counterparts, develop and implement commodity strategies (technology, footprint, quality, economics, supply base reduction/consolidation, etc.).
• Manage RFQs to the supply base according to the commodity strategy to support Operational Purchasing programs (current and new).
• Evaluate supplier cost structure to obtain best overall value for Mechatronics & Mirrors, minimizing collective risk through favorable raw material, currency, and other adjustment mechanisms.
• Utilize a total cost approach to optimize piece prices for new and existing business in assigned commodities, employing tactics such as program bundling, global sourcing, dual sourcing, tariff mitigation, specification changes, process optimization, VAVE, logistics, and payment term improvement.
• Lead Mechatronics & Mirrors divisions in establishing supplier Long Term Agreements and giveback terms.
• Manage supplier relationships through regular business roadmap reviews and disciplined contract management (NDA, Terms & Conditions, Nomination Letters, Settlement Agreements, etc.).
• Evaluate regional/global market conditions.
• Lead a cross-functional team supporting the assigned commodity, including Program Management, Engineering, Production Controls, Logistics, Supplier Quality Development, and Quality departments.
• Coordinate supplier development, consolidation, and reduction programs.
• Develop and execute divisional cost savings initiatives and risk mitigation strategies on existing business to achieve annual savings budgets.
• Optimize purchasing leveraging by providing oversight of the consolidated buy for all Mechatronics & Mirrors Divisions.
• Keep senior management informed of critical issues through clear and concise communications and presentations.
• Ensure all safety and non-safety rules and regulations are followed, and adhere to established quality and housekeeping standards.
• Review and adhere to Mechatronics & Mirrors’ health, safety, environmental, and quality standards, operating procedures, and policies.
• Respond immediately to hazards, defects, or non-compliance issues.
• Uphold policies prohibiting workplace violence and harassment.
• Perform additional duties as assigned, including those specified under the Occupational Health & Safety Act.

Requirements

• Bachelor’s degree in manufacturing, engineering, business, or related discipline.
• 3-5 years' progressive experience in Purchasing, preferably in an automotive/manufacturing environment.
• Previous commodity experience, including electronics (PCB Assemblies and components).
• Ability to travel domestically and internationally, approximately 20% of the time.
• Experience with Magna’s IATF16949 policies, procedures, and work instructions.
• Compliance with ISO/14001 responsibilities related to effective environmental management.
• Demonstrated success in satisfying OEMs and Tier 1 suppliers in a complex, competitive automotive market.
• Functional experience in strategic planning, manufacturing, purchasing, supply chain management, and supplier quality.
• Experience with manufacturing best practices and continuous improvement.
• Knowledgeable in logistics, business quoting, launch processes, industry best practices, standards, and performance metrics.

Working Conditions

While working in this environment, the employee will be exposed to machinery, moving equipment and material, moderate noise, airborne particles, fumes, and various levels of temperature created by manufacturing processes. Up to 25% travel may be required.

Benefits

At Magna, you can expect an engaging and dynamic environment where you can help develop industry-leading automotive technologies. We invest in our employees, providing support and resources to succeed. As a member of our global team, you will experience exciting, varied responsibilities and a wide range of development prospects tailored to your unique career path.