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.

$59,309 - $114,654
$59K
$86K
$110K
MEDIAN: $85,834
10%
50%
90%

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$18.94 - $31.75
$20
MEDIAN: $20
50%

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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
$59,309 - $114,654  
   
Bonus
$2,030 - $15,479  
Profit Sharing
$200.00 - $10,113  
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).
)
$60,093 - $124,066  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 510
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
$20.13  
   
Overtime
$29.79  
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
$2,030 - $15,479  
   
Profit Sharing
$200.00 - $10,113  
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).
)
$60,093 - $124,066  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 9

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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

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Pay Difference by Location

National Average: $89,705

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

Related Job Salaries

Key Stats for Commodity Manager

Gender

Female
31 %
Male
69 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 80 votes.
Less than 1 year
3%
1-4 years
22%
5-9 years
30%
10-19 years
30%
20 years or more
15%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Commodity Manager Salaries




National Average
$90,000


Skills That Affect Commodity Manager Salaries

Purchasing
up arrow 16%

Sourcing
up arrow 11%

Strategic Planning
up arrow 9%




National Average
$90,000




Inventory Management
up arrow 11%

Strategy Development
up arrow 16%

Data Analysis
up arrow 19%

Risk Management / Risk Control
up arrow 25%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 80 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
3%
1-4 years
22%
5-9 years
30%
10-19 years
30%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 90%
vision benefits
Vision: 80%
dental benefits
None: 4%
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