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Commodity Specialist - Trim/Foam

Company: Magna International
Location: Novi
Posted on: September 24, 2022

Job Description:

Group DescriptionMagna is an innovative leader in the development and manufacturing of high quality complete seating systems. Our solution includes seating structures, mechanisms and hardware, as well as foam and trim products for global automotive, heavy truck and bus industries. Our capabilities include market and consumer research; full concept development; design and engineering capabilities; testing, validation and world-class manufacturing. Our award-winning seating solutions are developed from consumer research, finding the ease of operation to be comfortable, convenient and connected.

Role Summary Serves as a purchasing specialist for all seating trim and foam commodities, independently evaluating and recommending suppliers within the trim/foam commodity group to meet cost, quality, and strategic goals. Defines and implements sourcing and negotiation strategies. Provides resource knowledge, recommendations and direction to JIT buyers and program teams. Key Responsibilities --- Assigned to seating trim and foam commodities. --- Responsible for the purchase of assigned materials, supplies, and equipment in accordance with company policies and procedures in order to meet company objectives.--- Develops and utilizes thorough knowledge of trim/foam commodities, supplier cost structures (e.g. variable and fixed costs for labor, mark-up contributions, sub component material costs, logistics, historical costs of products, etc.) and global cost competitiveness to achieve cost reduction objectives in accordance with standard operating procedures. --- Develops commodity-based strategies to achieve company and program cost reduction objectives utilizing negotiations, VA/VE and global costing knowledge. Obtains materials from suppliers at the lowest cost consistent with considerations of quality, reliability of source, and urgency of need.--- Manages and drives supply base cost reduction activity including but not limited to status through market test, and VA/VE activities and global sourcing.--- Participates in and is familiar with supplier capacity studies and supplier performance measurements. Maintains supplier information regarding product and/or service quality, comparability of like products or services, cost factors, varying warranties, specification requirements, vendor reliability, contracts, technology, and capacity.--- Studies global market trends relative to specific commodity components. Interviews vendors and recommends sources of supply. Keeps up with market and product developments. Locate new sources of supply both locally and globally. Maintains technical knowledge specific to the assigned commodity through various sources, including but not limited to trade shows, professional organizations and publications.--- Monitors applicable raw material indices, raw material forecasts and develops potential impacts to our business plan.--- Develops and implements negotiation strategies with suppliers. Negotiates with sales managers and sales executives. Independently develops and recommends negotiation strategies to take place at the executive level.--- Effectively manages supplier relationships. Assists with the resolution of problems in supplier performance and initiates and supports supplier performance review meetings (SPR).--- Ensures sourcing carried out by the program teams is in line with commodity strategies and supports the program teams as required in resolving pricing or supplier performance issues. --- Participates as required with the Magna Purchasing Council to leverage cost and strategy objectives across Intier Companies.--- Consults and collaborates with personnel in various engineering, purchasing, and costing activities relative to commodity requirements. Conducts effective communications within the project team and the customer, supplier, manufacturing and quality communities with guidance from purchasing management and senior purchasing personnel. Maintains all appropriate documentation.--- Presents commodity strategies and provides technical assistance, guidance and training, as needed, to buyers regarding best practices.--- Responsible for maintaining approved supplier list. Key Qualifications/Requirements EducationBachelor's degree (or bachelor's equivalency) in Business Administration or related field; or combination of equivalent education and work experience. Experience/Special Knowledge/SkillsEight (8) years preferred diversified purchasing or capital equipment development or related experience.Specialized knowledge in trim and foam highly preferred.Ability to apply quantitative analysis skills with a solid understanding of material, labor, burden structures, and cost drivers.Ability to develop and implement comprehensive commodity strategies to reduce costs and ensure effective supplier performance.Knowledge and experience in using cost reduction tools including global sourcing, VA/VE, Kaizen. Working knowledge of statistical methods, i.e. APQP, DFSS.Product knowledge in automotive parts or material commodities.Strong communication skills: verbal and written.Strong organizational skills and the ability to successfully complete multiple tasks within and across departments to meet established and changing deadlines.Demonstrated successful performance with independent problem solving.Proficient with word processing, spreadsheet and database applications. Skills TestingNo skills testing required. Physical Demands/Work EnvironmentNormal amount of sitting or standing, average mobility to move around an office environment, able to conduct normal amount of work at a computer, may require travel. Additional Information Awareness. Unity. Empowerment. At Magna, we believe that a diverse workforce is critical to our success. That's why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email to comply with GDPR requirements and your local Data Privacy Law.

Keywords: Magna International, Novi , Commodity Specialist - Trim/Foam, Accounting, Auditing , Novi, Michigan

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