Job Information
Lamb Weston Manager Procurement - Commodities and Risk Management in Kennewick, Washington
Title: Manager Procurement - Commodities and Risk Management Location: Kennewick, WA About Lamb Weston We love making fries almost as much as you like eating them! Since the 1950's, Lamb Weston has inspired customers with food they love, trust, and share with families and friends. As a leading global manufacturer of quality frozen potato products with over 10,000+ team members around the world, it's our business to see the possibilities in potatoes and people. We are looking for team members with an appetite for a challenge! People who are hungry to join a winning team and help us make a difference in the world. When you join Lamb Weston, you join a community with a strong support network and training programs designed to nurture, inspire, and help you grow. We are driven by a relentless pursuit of results and by people who think creatively and embrace our values of: Integrity, Teamwork, Inclusion, Drive for Results, and Empowerment. Exactly what you'd expect from the most inventive potato company in the world! Join Lamb Weston! We bring the world together with our fries. Job Description Summary The Commodity & Risk Manager drives the development of best procurement practices, including commodity risk management/mitigation, sourcing strategy definition, deployment, and stakeholder management (Directors and VPs) to maximize total value contribution and fuel the growth of LW. Drives the Procurement value contribution to Lamb Weston while ensuring compliance with policies, strategies, and processes. Maintenance of relationships with internal and external stakeholders, market analysis, supply and financial exposures and risk, and execution of mitigation strategies will be critical. Must maintain the ability to communicate with internal and external stakeholders clearly and concisely with a strong understanding of global ingredient markets, STP fundamentals, factory environments, and risk mitigation strategies. A successful candidate understands the STP process from the beginning to end as it pertains to direct material procurement: category and sourcing strategy developm ent, negotiation, contracting, supplier management, and analysis. The role will be responsible for strategy implementation, negotiation and contracting within assigned categories. Job Description * Manage strategy development, deployment, and strategic planning for Agricultural Commodity ingredients and inputs. * Lead the development of long-term strategies (including physical commodity sourcing and financial risk strategies, supplier management strategy, and S2P strategy) to meet regional and global business expectations. * Manage alignment and deployment of global strategies and financial plans. * Identify and manage connectivity of the Spend Tower with functional stakeholders, suppliers, and internal procurement teams. * Manage stakeholder engagement and alignment throughout the end-to-end sourcing process. * Develop risk mitigation and margin enhancement strategies and recommendations for purchased commodities. * Calculate commodity exposure using cost models and stress tests for forecasted raw material purchases, oversee underlying risk exposure and monitoring process through various reconciliations. * Create and maintain reports for category and market risk, trade activities, compliance documentation, and develop sensitivity dashboards including open volume impact on cost of goods sold. * Ensure standardization of processes and tools in coordination with other Spend Towers. * Coordinate delivery of assigned regional and global KPI's. * Be a point person responsible and accountable for delivery of goals for commodity procurement. * Collect, manage, and report external market intelligence. To view the full job description,