Commodity Buyer

Commodity Buyer

Enabling a software-defined, electrified future. 

Visteon is a technology company that develops and builds innovative digital cockpit and electrification products at the leading-edge of the mobility revolution. Founded in 2000, Visteon brings decades of automotive intelligence combined with Silicon Valley speed to apply global insights that help transform the software-defined vehicle of the future for many of the world’s largest OEMs. The company employs 10,000 employees in 18 countries around the globe. To know more about us click here. 

Mission of the Role: As a commodity buyer, you are responsible for bottom-up cost calculations of externally produced direct materials across all sites. This function will be enhanced based on continuous market data evaluations of early RFQ involvement as a member of global program development teams, meeting technical specification compliance and ensuring compliance to Visteon terms and conditions within overall procurement strategy. Scope: Focusing on calculating direct material from external market at an ensuring effective cost and quality. Driving this at a global level to ensure supply consistency to the business.

Key accountabilities / How You Will Spend Your Days

• Supplier commercial escalation and relationship owner
• Commercial expertise in technology and supply capacity
• Foster positive tension and competition between suppliers
• SRM coaches’ suppliers to success, drives winning strategy
• Supplier KPI / scorecard owner
• Pursuit and global annual price negotiations
• Supports sourcing board for their supplier
• Contributing to early Program Team cost discussions based on cost calculations/market investigations.
• Understanding technical background and ensuring supplier quotations meet customer/engineering specifications.
• Performing reverse-cost-engineering calculations
• Working with Cost-Data-Tool for pricing analysis.
• Align the supplier strategy with commodity and feedback to the program teams
• Challenge the supply base in terms of pricing and competition.
• Challenge the program teams in terms of specification requirements and timing.
• Engage with finance and sales in creating overall commercial transparency for business case analysis.
• Establish first contacts with new suppliers including NDA alignment with legal department.
• Contribute to YoY expectations in alignment with annual target expectations.
• Strong alignment with Engineering, Sales, and Operations
• Push critical thinking: Challenge suppliers and stakeholders

 

Key Performance Indicators

• Contribute to annual corporate savings target.
• Provide on time quotes for RFI/RFQ’s
• Leverage IC cost model and identify achievement
• Develop strong relationships with key cross functional stakeholders.

 

Key Year One Deliverables:

• Learn Visteon, Suppliers, and technology. Become effective member of the global team
• Understand and document product platform architectures.
• Summarize commodity market outlook
• Develop relationships with global stakeholders and key suppliers.
• Take lead on global negotiations, grow experience and respect.
• Report-out and present to Senior Management

 

Technical Knowledge and Skills

• 3 years of working experience (Cost-engineering/procurement) in a cross functional team organization.
• Market knowledge of direct products in the commodity.
• Proven track of negotiations (supplier/customer).
• Supplier audit performance knowledge.
• Passion for technology and investigation of undiscovered potential in design or supplier base.
• Capability to stay focused and calm in a demanding business environment.
• Strong communicator who is fluent in English (writing and speaking).

 

Key Leadership Behaviors

• Ownership and Accountability
• Inspire Change
• Critical Thinking
• Collaboration
• Innovative
• Market Insight

 

Reporting line: Head of Global Categories 

 

Visteon Culture: If you thrive in a fast-paced, organizational culture that requires agility, adaptability, and a growth mindset from its employees to thrive and stay ahead of the curve Visteon is the place. We value high performance and a drive for results. Innovation, risk-taking, and continuous learning help us keep up with the ever-changing landscape of our industry and be Market leaders. At Visteon, you can be more.