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Sazerac Company · 1 day ago

Commodity Price Risk Manager

Louisville, KY

Full-time

Hybrid

Senior Level

5+ years exp

Sazerac Company is an independent, American family-owned company with a rich history in producing award-winning spirits. The Commodity Price Risk Manager will be responsible for managing sourcing and supplier relationships for North American spirits and ingredients, ensuring product availability while optimizing costs and mitigating risks.

Food and BeverageWine And Spirits

Responsibilities

Category Strategy: Develop and implement comprehensive category strategies, aligned with the organization's goals and objectives. This includes conducting market analysis, identifying trends, and assessing supplier capabilities to drive innovation and competitive advantage

Supplier Management: Evaluate and select suppliers based on criteria such as quality, reliability, cost, and sustainability. Establish and maintain strong relationships with suppliers, negotiating contracts and terms to secure favorable pricing, volume discounts, and service level agreements

Sourcing and Contracting: Lead the sourcing process for our Grain Neutral Spirits, Sweeteners, Flavors and Grains portfolios. Duties would include RFx preparation, bid evaluation, and supplier selection. Collaborate with cross-functional teams to ensure the products meet quality standards, comply with regulatory requirements, and achieve cost savings

Risk Management: Identify and mitigate potential risks associated with the categories. Monitor market trends, pricing fluctuations, supply chain disruptions, and regulatory changes to develop contingency plans and ensure business continuity

Performance Monitoring: Establish key performance indicators (KPIs) to track supplier performance, quality metrics, and cost savings achieved. Generate regular reports and provide insights to stakeholders, driving continuous improvement and identifying areas for optimization

Stakeholder Collaboration: Collaborate closely with internal stakeholders, including Marketing, Operations, Planning and Finance teams, to understand their requirements and align procurement strategies accordingly. Act as a trusted advisor, providing insights and recommendations to support their business objectives

Qualification

Procurement experienceCategory managementMarket analysisNegotiation skillsData analysisSupplier managementMicrosoft ExcelPower BIAnalytical mindsetFluent in SpanishCommunication skillsInterpersonal skills

Required

Bachelor's degree in Business Administration, Supply Chain Management, or a related field

Proven experience (5-10 years) in procurement, category management, or strategic sourcing, preferably within the spirits, beverage or CPG industry

Must have a strong experience in leveraging commodities

Strong knowledge of market trends, production processes, and supplier landscape

Demonstrated negotiation skills with a track record of achieving cost savings and driving supplier performance

Analytical mindset with the ability to conduct market research, analyze data, and make data-driven decisions

Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams and build relationships with suppliers

Proficiency in Microsoft Excel with business acumen, including: Advanced formulas (e.g., nested formulas, array functions, etc.), Pivot tables and Power Query, Hands-on experience with Power BI including DAX, data modeling, and data visualization, Data validation and dynamic dashboards

Ability to travel (up to 25%)

Valid Passport