Strategic Commodity Sourcing Specialist
1 month ago
Location: Somerset West, Cape Town
Purpose:
- The Strategic Commodity Sourcing Specialist for Non-Perishable Goods will focus on identifying market opportunities, managing supplier and client relationships, and ensuring profitable trade operations.
Key Responsibilities:
- Market Analysis and Strategy
- Conduct in-depth market research to identify trends, supply chain shifts, and pricing opportunities for non-perishable commodities such as packaged goods, textiles, and other raw materials.
- Develop and execute trading strategies to achieve financial targets and meet company goals by adjusting strategies as market conditions change.
- Trading Operations
- Purchase and sell commodities, negotiating favorable terms with suppliers and clients to secure the best possible outcomes.
- Manage the logistics of trading operations, including coordinating transportation, ensuring timely delivery, and maintaining quality standards.
- Utilize trade and financial tools to manage price fluctuations and risk, ensuring compliance with both company policies and regulatory standards.
- Relationship Management
- Build and maintain strong relationships with clients, suppliers, and other trade partners to foster long-term business development.
- Negotiate and renew contracts, ensuring alignment with company policies and profitability goals.
- Risk Management and Compliance
- Identify and assess risks related to pricing, currency fluctuations, and supply chain disruptions.
- Implement risk management techniques, including hedging where appropriate, to safeguard against market volatility.
- Data and Reporting
- Maintain accurate records of trade transactions, contracts, and correspondence for accountability and transparency.
Salary: $80,000 - $120,000 per annum
Qualifications and Skills:
- Bachelors degree in Business, Economics, Finance, or related field preferred
- Minimum of 3 years of experience in commodity trading, with a focus on non-perishable goods
- Strong analytical skills and proficiency in market research
- Excellent negotiation and relationship-building skills
- Familiarity with trading software and risk management tools
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