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Commodity Procurement Specialist
2 months ago
We are seeking a highly skilled and experienced Commodity Procurement Specialist to join our Global Purchasing Organization at Magna International Inc. As a key member of our team, you will be responsible for developing and implementing purchasing strategies that align with our company's goals and objectives.
Key Responsibilities- Develop and implement purchasing strategies that meet business objectives and commodity roadmaps.
- Manage the supply base for a segment or group of suppliers, ensuring compliance with purchasing policy, internal code of ethics, and safety and environmental regulations.
- Support the Purchasing organization in the development and implementation of global commodity strategies.
- Collaborate with Regional Purchasing Operations Directors to ensure local purchasing teams comply with commodity roadmaps and strategies.
- Participate in global commodity director meetings to discuss global strategy and provide input on purchasing decisions.
- Perform strategic sourcing analyses to identify opportunities for cost savings and process improvements.
- Develop and maintain relationships with suppliers to ensure a stable and reliable supply base.
- Manage commercial negotiations with suppliers to secure the best possible terms and conditions.
- Report key metrics to the Global Commodity Director and provide regular updates on purchasing activities.
- Support Engineering Change activities and ensure continuity of supply for regional facilities.
- Manage supplier files, component files, RFQs, and contract reviews.
- Support supplier improvement initiatives and escalate supplier issues as needed.
- Collaborate with Supplier Quality, Sales, Engineering, and Project teams to ensure a seamless supply chain.
- Bachelor's degree in manufacturing, engineering, business, or a related field.
- 5-10 years of progressive experience in purchasing, preferably in an automotive or manufacturing environment.
- Previous commodity experience in areas such as aluminum, die casting, fasteners, forgings, cables, sleeves, and springs.
- Knowledge of 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.
- Experience with manufacturing best practices, continuous improvement, logistics, business quoting, and launch processes.
- Knowledge of industry best practices, standards, and performance metrics.
- Up to 25% travel required.
Magna International Inc. offers a comprehensive benefits package, including health, safety, and environmental responsibility. As a member of our team, you will be expected to ensure all safety and non-safety rules and regulations are followed, and to adhere to established quality and housekeeping standards.
About UsMagna International Inc. is a leading global automotive supplier. We are committed to developing technologies, systems, and concepts that make vehicles safer and cleaner, while serving our communities, the planet, and people. Our company culture is built on awareness, unity, and empowerment, and we strive to create a diverse and inclusive work environment.
