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Commodity Sourcing Buyer
2 weeks ago
Commodity Sourcing Buyer
Position Overview:
We are seeking a highly motivated and experienced Commodity Sourcing Buyer to join our team in India. Reporting to the India Sourcing Manager, the successful candidate will work closely with the local plant and Global Procurement teams to implement Global sourcing strategies in India, sourcing core commodities, with new and existing strategic suppliers. This role is an opportunity to develop and manage strategic local supply chains with the best quality and total cost of acquisition, to support global manufacturing locations and achieve the best value for Spirax.
Key Accountabilities:
· Implement and execute local procurement strategies in alignment with global commodity strategies.
· Manage core commodities, ensuring cost-effectiveness and required quality and delivery, delivering year on year cost reduction.
· Perform zero-base costing and Total Cost of Acquisition (TCA) analysis.
· Monitor key commodities price trends and supplier/raw material price amendments at regular intervals.
· Develop and maintain strong relationships with local suppliers to ensure reliable supply and best value.
· Collaborate with the Global Procurement and Commodity teams to align local activities with global objectives.
· Conduct market analysis to identify new sourcing opportunities and mitigate risks.
· Negotiate contracts and pricing agreements with suppliers to secure best terms.
· Monitor supplier performance and implement improvement plans as necessary.
· Conduct Strategic Business Reviews (SBR) with key suppliers.
· Ensure compliance with company policies, ethical standards, and regulatory requirements.
· Contribute to continuous improvement initiatives within the procurement function.
Experience and Qualifications Required:
· Bachelor's degree in Supply Chain Management, Business Administration, Economics, Engineering or a related field.
· Minimum of 5 years of experience in procurement, sourcing, and commodity management.
· Strong experience in sourcing key mechanical commodities such as castings, forgings, machined and formed metals.
· Technical / engineering / quality experience or qualification, or a strong understanding of in relation to sourcing commodity parts.
· Knowledge of Health and Safety, QMS and Sustainability/ESG requirements and regulations.
· Proven experience in managing supplier relationships and negotiating contracts, commercial and legal Terms and Conditions.
· Strong understanding of local and global market dynamics and trends.
· Excellent analytical, problem-solving, and decision-making skills.
· Strong written and verbal communication (in English) and strong influencing and stakeholder management skills.
· Experience working within a matrix organisation
· ERP & MRP experience - ideally Oracle JD Edwards
· Proficiency in procurement software and Microsoft Office Suite (Excel, PowerPoint).
Preferred Experience and Qualifications:
· Professional certification such as CIPS (Chartered Institute of Procurement and Supply)
· Manufacturing Engineering, Electrical Engineering or Quality qualification or certification
· Project Management Qualification/experience a benefit e.g. PMP
· Experience in the manufacturing or industrial sector.
· Experience working in a global procurement environment.
The Steam Thermal Solutions business is one of three businesses within Spirax Group. Spirax Sarco and Gestra, are our two brands that form Steam Thermal Solutions and are global leaders in the supply of engineered solutions for the design, provision and maintenance of efficient industrial and commercial steam systems. Steam Thermal Solutions has global coverage across 67 operating units (called OpCos), organised into four Divisions: EMEA, APAC, Americas, Gestra.
Spirax Group is a FTSE100 and FTSE4Good multi-national industrial engineering Group with expertise in the control and management of steam, electric thermal solutions, peristaltic pumping and associated fluid technologies.
Our Purpose is to create sustainable value for all our stakeholders as we engineer a more efficient, safer and sustainable world. Our technologies play an essential role in critical industrial processes and industrial equipment across industries as diverse as Food & Beverage, Pharmaceutical & Biotechnology, Power Generation, Semiconductors and Healthcare. With customers in 165 countries, we provide the solutions that sit behind the production of many items used in daily life, from baked beans to mobile phones
Our Purpose, supported by our inclusive culture and Values, unites us, guides our decisions and inspires us everywhere that we operate. We support our colleagues to make their difference for each other as well as customers, communities, suppliers, our planet and shareholders by creating a truly equitable working environment where everyone feels included.
Everyone is Included at Spirax Group
We are passionate about creating inclusive and equitable working cultures where everyone can be themselves and achieve their full potential. For us, that means supportive teams and strong relationships where everyone's contribution is valued - across social and cultural backgrounds, ethnicities, ages, genders, gender identities, abilities, neurodiversity, sexual orientation, religious beliefs, and everything else that makes us human and unique.
We know that everyone needs some extra help from time to time too, so we have introduced a range of additional benefits through our Group Inclusion Commitments. These include gender-neutral parental leave, 15 days of extra paid caregiver leave, paid time off and support for anyone experiencing pregnancy loss or domestic abuse, menopause-friendly workplace principles and more. Learn more
