Procurement Manager, Commodities

Monster Energy · Corona · $85,500–$114,000 (stated in the posting)

Apply on the company website

About Monster Energy:

Forget about blending in. That's not our style. We're the risk-takers, the trailblazers, the game-changers. We're not perfect, and we don't pretend to be. We're raw, unfiltered, and a bit unconventional. But our drive is unrivaled, just like our athletes. The power is in your hands to define what success looks like and where you want to take your career. It's not just about what we do, but about who we become along the way. We are much more than a brand here. We are a way of life, a mindset. Join us.

A day in the life: 

As the Procurement Manager - Commodities, you will be responsible for managing the day-to-day sourcing and procurement of all commodity ingredients and supporting leadership on all global initiatives. Implement and maintain the global procurement and supply plan to fit with the company's strategies and growth in all regions. Work with all regional procurement managers to ensure the company is receiving the best value and pricing while ensuring supply continuity.

The impact you'll make:

• Understand and monitor all current supply agreements and their respective timing for renewal. Lead negotiations and execution of new, renewed agreements regarding supply terms, costing and commercial terms of all key commodity ingredient suppliers.
• Assess and approve commodity market details. Devise ways and means to maximize commodity buying efficiency and minimize risks. Develop and manage pricing strategies. Draft proposals to manage contracts and negotiations.
• Responsible for helping to ensure a robust, reliable and sustainable supply chain for all commodity ingredients globally, so that the supply chain is never broken, customers are served right, and revenue is never missed.
• Helping to implement the global sourcing and supply strategy with critical segmentation of suppliers (strategic, tactical, opportunistic). Helping to implement strong contingencies around critical sourcing areas. The major focus will be in North America with limited support to other regions.
• Help to implement the Core Procurement Processes to comply with the company's financial requirements and expectations 'Protect the Brand.'
• Strong focus on managing inflationary pressures and cost savings through detailed planning and execution of productivity ideas and projects. Help to conduct external and internal assessments of the competitive landscape, suppliers and market trends, work with internal teams to identify opportunities to drive program growth.
• Work with suppliers, cross-functional partners and key stakeholders to ensure communication of project updates and changes to the supply chain. Respond timely to supplier and costing requirements from stakeholders globally.
• Ensure all suppliers are aligned with Monster's Quality Assurance /Quality Control processes and procedures. Supports regional and global supply and quality issues; actively participates in the resolution of crisis level issues.
• Assist accounting in resolving price discrepancies.

 Who you are:

• Prefer a Bachelor's Degree in the field of -- Business Administration, Supply Chain, Finance, Analytics or related field.
• More than 5 years of experience in Procurement
• Between 1-3 years of experience in Food & Beverage Industry
• Experience sourcing ingredients such as: Juice concentrates, Citric Acid, Sugar, Caffeine, Preservatives
• Computer Skills Desired: Proficient in Microsoft Office suite

Other Experience:

• Commodity Market Intelligence knowledge (Future Markets, commodity indexes and pricing services, hedging strategies, forward buying program, supply-demand modeling, weather, crop geopolitical and energy market analysis). Experience with Profit & Loss (P&L) and financial modeling, global procurement strategy development, people leadership, and advanced risk management and business continuity planning.

More jobs at Monster Energy · Finance & Accounting jobs in Corona