Commodity Manager Salary

A Commodity Manager earns an average salary of $85,834 per year. Skills that are associated with high pay for this job are Purchasing and Sourcing.

$58,752 - $116,387
$59K
$86K
$120K
MEDIAN: $86,252
10%
50%
90%

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$16.31 - $53.83
$16
$20
$54
MEDIAN: $20.15
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$58,752 - $116,387  
   
Bonus
$2,002 - $15,394  
Profit Sharing
$503 - $10,926  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$58,514 - $126,223  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 506
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$16.31 - $53.83  
   
Overtime
$29.95  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$2,002 - $15,394  
   
Profit Sharing
$503 - $10,926  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$58,514 - $126,223  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 12

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United States (change)

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Job Description for Commodity Manager

The commodity manager is typically responsible for overseeing the purchasing and logistics staff. Their main objective is to ensure all departmental employees are providing high quality work and meeting all company standards. They also ensure that all purchasing requests are completed in an efficient manner, lead cost reduction initiatives, and oversee inventory management and material budgets. The commodity manager is also responsible for establishing approval guidelines for all purchase orders and makes sure that all purchasing procedures are followed. They also provide analysis on corporate suppliers and delegate tasks to subordinates as needed.

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Commodity Manager Tasks

  • Develop and implement strategies to create an efficient supply chain and reduce commodity purchase costs.
  • Work to minimize supplier risk by establishing strategies for risk evaluation.
  • Research potential vendors and compare their products, prices, and services.
  • Negotiate contracts with commodity suppliers and set up terms for prices and delivery.
  • Conduct analyses of market conditions and trends and use this information to predict future supply needs.

Common Career Paths for Commodity Manager


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Commodity Manager Job Listings

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Popular Employer Salaries for Commodity Manager

Popular Skills for Commodity Manager

Pay by Experience Level for Commodity Manager

Pay by Experience for a Commodity Manager has a positive trend. An entry-level Commodity Manager with less than 5 years of experience can expect to earn an average total compensation of $75,000 based on 188 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Commodity Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $90,000 based on 221 salaries. An experienced Commodity Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $98,000 based on 190 salaries. A Commodity Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $98,000 based on 80 salaries.

Pay Difference by Location

National Average: $89,571

Larger city markers indicate a job is popular in that location.

Related Job Salaries

Key Stats for Commodity Manager

Gender

Female
33 %
Male
67 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 84 votes.
Less than 1 year
3%
1-4 years
22%
5-9 years
30%
10-19 years
29%
20 years or more
16%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Commodity Manager Salaries

▲9%

▲9%

▲1%

National Average
$90,000

▼16%

Skills That Affect Commodity Manager Salaries

Purchasing
▲16%

Sourcing
▲12%

Strategic Planning
▲9%




National Average
$90,000

▼2%

▼3%

▼6%

Inventory Management
▼11%

Strategy Development
▼16%

Data Analysis
▼19%

Risk Management / Risk Control
▼25%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 84 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
3%
1-4 years
22%
5-9 years
30%
10-19 years
29%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 90%
vision benefits
Vision: 81%
no benefits
None: 4%
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