Lead Market Intelligence, Commodity Manager - Marysville, OH in Marysville, OH at ScottsMiracle-Gro

Date Posted: 7/18/2018

Job Snapshot

Job Description

At Scotts Miracle-Gro we think people are like plants....in the right place you will grow and flourish. Are you an advocate of making the world a more beautiful place by inspiring others, championing new ideas and being intellectually curious? Are you not afraid to roll up your sleeves and get your hands dirty? If so, then we want you as part of our Scotts family… the world's largest marketer of branded consumer lawn and garden care products!

headquarters!

We're looking for a Lead Market Intelligence, Commodity Manager to join the Scotts Miracle-Gro Supply Chain team in Marysville, OH!

Brief overview of the role:

This position is responsible for the Strategic Procurement of Raw Materials to support multiple internal and third party manufacturing locations throughout North America in addition to leading a team of Sourcing/Procurement professionals; Measuring/managing commodity risk..

In this role you will get to:

  • Create and implement comprehensive procurement strategies for Raw materials covering market trends, supply assurance, quality improvement, supplier development, sustainability, and financial & supply risk mitigation
  • Lead a team of 2-3 Sourcing/Procurement professionals
  • Effectively manage relationships with manufacturing facilities
  • Develop and implement cost savings projects and financial forecasting
  • Negotiate and execute contractual agreements in accordance to established company policies and procedures
  • Ensure compliance related process and procedures are uncompromised
  • Develop disruption mapping and mitigation strategies
  • Foster and maintain supplier relationships
  • Lead supplier selection and development process while working with cross-functional teams like R&D, Marketing, Quality etc. to develop innovative products across the SMG Brands
  • Ensure suppliers are following Scotts sustainability guidelines and implementing required actions
  • Lead evaluation of supplier capabilities, cost structure, risks, and partnership potential to determine supply base
  • Travel as required (Domestic & International)

You will also measure and manage risk:

MEASURING risks like the following:

  • Gathering total corporate commodity exposure--both direct exposure for commodity
    purchases such as fertilizers and energy (diesel, gasoline, natural gas,
    electricity) and indirect exposures via commodity pass-through pricing
    agreements (resin, linerboard, methanol) both explicit (i.e. formula
    based) and implied (pricing changes at supplier's discretion based on
    market conditions).
  • Tracking historical volatility of the commodities via market price tracking.

MANAGING risk like the following:

  • Understanding corporate risk tolerance level.
  • Developing a hedging plan and understanding the risk reduction of the plan.
    Aligning the plan with key stakeholders.
  • Hedging commodities that provide the greatest portfolio risk reduction for the
    least cost.
  • Ensuring compliance with hedge accounting rules where applicable.

Hedging urea (a specific part of MANAGING risk)

  • Developing a hedging strategy
  • Ensuring that hedges are placed with the proper documentation of decision and
    delegation authorities per policy.
  • Ensuring that all swaps comply with hedge accounting requirements.
  • Assigning designation documents to each swap.
  • Completing quarterly swap reconciliations to ensure regulatory compliance.
  • Quarterly reporting of all hedge activities to the controller.

The perfect candidate will have:

  • Bachelor’s degree focused in Supply Chain Management, Packaging, Procurement, Accounting/Finance, Economics, or Business Administration. Master’s degree preferred
  • Minimum 4 years experience in a people leadership position within Procurement, Sourcing or Purchasing
  • Ability to coordinate and organize numerous material requirements for multiple plants and contract manufacturing facilities simultaneously, while effectively sourcing suppliers and negotiating contracts for targeted materials
  • Ability to effectively navigate in a regulated industry
  • Experience managing risk/hedging commodities.
  • Knowledge of technical language of R&D (and often the vendors) and the business language of the Brands and Purchasing
  • Strong computer skills (SAP R/3, SAP/PLM, MS office programs)

Some other nice to have’s:

  • Some International purchasing experience/responsibilities
  • Demonstrated collaborative team player with a strong initiative to win
  • Able to effectively communicate with multiple departments within the company
  • Assertive self-starter with an Entrepreneurial spirit
  • Creative/Out-of-box thinking and ability to successfully sell ideas in a large organization
  • Ability to succeed in a competitive, fast-paced environment
  • Consumer Products or Retail experience a plus

Come grow with Scotts, where the grass really is greener!

Scotts is an EEO Employer, dedicated to a culturally diverse, drug free workplace. EOE/AA/M/F/D/V

The Scotts Miracle-Gro Company (NYSE: SMG) is the world's largest marketer of branded consumer lawn and garden products, with a full range of products for professional horticulture as well. Scotts Miracle-Gro has helped to grow the nearly $7 billion global consumer lawn and garden market through product innovation, industry-leading advertising efforts and its trusted brands.

Notification to Agencies. Please note that the Scotts Miracle-Gro company does not accept unsolicited resumes from recruiters or employment agencies. In the absence of a signed Master Service Agreement, and specific approval to submit resumes to an approved requisition, the Scotts Miracle-Gro company will not consider or approve payment regarding recruiter fees or referral compensations. For information on how to become an approved vendor please see our Third Party Agency notification on our career portal.