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Commodity Analyst

4 weeks ago

Penang, Malaysia Flex LTD Full time

Flex is the diversified manufacturing partner of choice that helps market-leading brands design, build and deliver innovative products that improve the world.

We believe in the power of diversity and inclusion and cultivate a workplace culture of belonging that views uniqueness as a competitive edge and builds a community that enables our people to push the limits of innovation to make great products that create value and improve people's lives.

Job Summary

To support our extraordinary teams who build great products and contribute to our growth, we’re looking to add a Commodity Analyst, Electrical to be in Bukit Minyak, Penang.

Here is a glimpse of what you'll do:

- Responsible for the development, recommendation, and execution of optimal sourcing strategies for certain items.
- Develop a technical, statistical and fundamental assessment for each commodity.
- Lead cash negotiations and secure advantageous commercial agreements with approved suppliers.
- Negotiate terms and conditions for annual and multi-year purchase commitments.
- Coordinate selection of transportation modes and carriers which will result in lowering the delivered costs of materials while assuring continuity of quality supply, flexibility to respond to changing requirements and maintenance of vendor relationships for long term benefits.
- Cost Management/Reduction/Cost Avoidance.
- Manage inventories associated with the strategic commodities to avoid additional expense or shortage to the company.
- Analysis of commodity risk positions reported to multiple levels of the organization.
- Develop plans resulting in cost savings, synergies, quality improvements and supply chain efficiencies.
- Analyze hedge effectiveness and calculate cost savings and avoidance.

The experience we’re looking to add to our team:

- Typically requires a minimum of 5 years of related experience
- Ability to read, analyze and interpret general business periodicals, professional journals and technical procedures. Ability to write reports, business correspondence and procedure manuals.
- Ability to calculate figures and amounts such as discounts, interest, commissions, proportions and percentages.

What you’ll receive for the great work you provide:

- Medical benefits, dental, vision
- Life Insurance
- Paid Time Off
- Performance Bonus

KR40

Job Category

Global Procurement & Supply Chain

**Required Skills**:
Optional Skills:

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