COMMODITY BUYER SKILLS, EXPERIENCE, AND JOB REQUIREMENTS

Updated: Dec 09, 2024 - The Commodity Buyer has experience in supply chain and procurement, including knowledge of FAR/DFARS regulations and CPSR audit requirements, with a demonstrated ability to collaborate with engineering, planning, programs, and quality teams. This role requires proficiency in interpreting technical scopes and requisitions, performing negotiations, and conducting price or cost analysis while developing new suppliers that meet government standards. The buyer also has strong organizational and communication skills, along with advanced proficiency in Microsoft Excel.

Essential Hard and Soft Skills for a Standout Commodity Buyer Resume
  • Market Analysis
  • Contract Negotiation
  • Cost Management
  • Supplier Management
  • Risk Assessment
  • Inventory Management
  • ERP Systems Proficiency
  • Forecasting
  • Data Analysis
  • Strategic Sourcing
  • Communication
  • Negotiation
  • Problem-Solving
  • Analytical Thinking
  • Decision Making
  • Time Management
  • Attention to Detail
  • Teamwork
  • Adaptability
  • Relationship Building

Summary of Commodity Buyer Knowledge and Qualifications on Resume

1. BA in Supply Chain Management with 5 years of Experience

  • Supplier management experience including successful negotiations of cost and supply agreements
  • Relevant experience in an industrial environment
  • Experience of success in conflict resolution
  • Good knowledge of electrical commodities, global partnership agreements, and global lead buyer network
  • Demonstrated ability to develop and implement sourcing strategies cross-functionally
  • Working knowledge of sourcing systems and processes
  • Strong project management skills
  • Solid Microsoft Office skills - Word, Excel, etc.
  • Flexibility and professionalism in dealing with suppliers and internal customers
  • Must be proficient in English Language Skills 

2. BA in Business Administration with 4 years of Experience

  • Experience with consumer appliance products and suppliers
  • Sourcing and/or supply chain working experience
  • Strong interpersonal, communication and presentation skills which result in a clear, concise message when dealing with suppliers, peers and leadership. 
  • Good written and verbal English skills.
  • Strong problem-solving, analytical and project management skills. 
  • Goal-oriented and proactive in problem-solving coupled with creativity and a high energy level.
  • Clear thinker with a positive attitude. 
  • Demonstrated team player and aggressive self-starter.
  • Demonstrated ability to take ownership of issues, initiate action and make effective decisions.
  • Travel to suppliers and sites on an as-needed basis for screening, negotiation, projection execution and status reviews to drive on-time delivery

3. BA in Economics with 3 years of Experience

  • Experience in Purchasing or other Supply Chain related fields in an automotive environment (cross-functional exposure)
  • Specialized skills in negotiation, financial cost analysis and market analysis 
  • The ability to read blueprints and specifications
  • Strong time and project management, problem-solving and continuous improvement skills
  • Knowledge of manufacturing processes (stamping, injection molding, casting)
  • Experience with plastics, resin, rubber, foam components, etc.
  • Focus on deadlines and target objectives
  • Strong team player, ability to coordinate cross-functional teams
  • Excellent communication skills - negotiation skills
  • Solid Microsoft Office skills - Word, Excel, etc.

4. BA in Finance with 2 years of Experience

  • Working experience in Supply Chain or Procurement Role (military specifications, off-the-shelf, make-to-print)
  • General knowledge of FAR/DFARS Government Procurement regulations.
  • General knowledge of CPSR Government audit requirements.
  • Demonstrated ability to work in cross-functional settings with Engineering, Planning, Programs, and Quality.
  • General understanding of negotiations, price and or cost analysis
  • General understanding of the development of new suppliers that meet Government Requirements.
  • General understanding of Manufacturing Quality Systems.
  • Experience interpreting technical scopes and requisitions to facilitate purchase
  • Strong organizational skills and attention to detail
  • Proven ability to communicate effectively both verbally and in writing
  • Strong PC skills (Microsoft Suite) - Use of Excel skill level to include familiarity with v-lookups, pivot tables, and macros.
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