Field Fastener · 14 hours ago
Commodity Manager
Machesney Park, IL
Full-time
Onsite
New Grad, Entry Level
$70K/yr - $80K/yr
0+ years expField Fastener is a family-owned global supplier of fasteners and inventory management services. The Commodity Manager will be part of the Sourcing Team, responsible for managing the sourcing process for assigned commodities, developing strategic partnerships with suppliers, and negotiating contracts to achieve cost savings and supply chain efficiency.
Industrial EngineeringSupply Chain ManagementWholesale
Responsibilities
Manage the sourcing process for assigned commodities, in the range of $15MM-$20MM
Provide support to quoting and all sourcing activities
Manage the inventory management systems with suppliers within commodity responsibilities
Interface with Sourcing, New Customer Implementations, Account Management, Quality, Engineering, and Sales to provide expertise designed to achieve maximum supply chain efficiency
Provide corrective action leadership (8D) for sourcing/supplier issues
Prepare business reviews as needed and visit suppliers on a regular basis (minimum every other year)
Challenge suppliers for cost reductions, to participate in Field inventory programs, challenge them to reduce lead times, and support the quality team in obtaining permanent corrective actions
Negotiate contracts for long term agreements that would include cost, inventory, quality performance objectives and for the cost side utilizing our cost driver process
Scout for new potential suppliers by utilize team members in remote locations, fastener shows and/or additional research
Escalate any concerns that cannot be avoided to Vice President of Supply Chain
Create and evaluate quotations utilizing the Q-Strat quoting software. Make sourcing recommendations in a timely manner based on Field Fastener strategy
Perform supplier management relative to inventory management systems with our suppliers, commodity reviews, supplier quality and delivery performance, plus other sourcing duties as assigned to achieve targeted cost savings
Qualification
Required
High School diploma or GED equivalent
Polite and professional manner
Mechanical aptitude that can be applied to the technical requirements of this position
Minimum of 0-2 years of experience in a related role required
Experience successfully managing multiple projects and always tracking their status
The ability to work in a fast-paced, team-based environment
Strong communication skills for interacting with internal team members and external suppliers both domestically and internationally
Good comprehension skills
Capable of strategically analyzing and interpreting data
Willing and motivated to develop skills to take on additional responsibilities
The ability to work a flexible schedule in order to accommodate large projects
Sound business decision making ability
Highly motivated with the ability to work on projects and make sound decisions based on strategic objectives
Basic blueprint reading ability and interpretation
Negotiating experience and/or knowledge of negotiating techniques
Experience creating/evaluating quotations and supplier management
Ability to work in fast-paced, team-based environment
Strong Microsoft Word, Excel, Outlook knowledge
Strong time management skills and detail orientation
Strong analytical skills
Strong leadership skills needed to manage processes, projects, and/or people
Highly motivated, well organized
Effective presentation skills
Ability to drive results without a great deal of direct supervision
Preferred
Working knowledge of threaded fasteners, preferred
Some knowledge of 'C' class items beneficial
Previous fastener distribution and/or fastener manufacturing experience, beneficial
College degree in business, supply chain, economics, finance or related area; or relevant experience equal to a four-year degree is preferred
Benefits
Medical
Dental
Vision
Life Insurance
401(k)
Life Coaching
Paid Vacation
Paid Holidays
Paid Volunteer Time
Quarterly Bonuses
And more!
Company
Field Fastener
Field Fastener is a full-service, data-driven, on-demand engineering partner with a unique, technical approach to inventory management.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Jim Derry
Chief Executive Officer
Recent News
2025-02-24
Honolulu Star-Advertiser
2025-02-22
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