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Commodity Manager Salary

A Commodity Manager earns an average salary of $79,824 per year.
$54,852 - $106,166
(Median)
$55K
$80K
$110K
MEDIAN: $79,824
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$54,852 - $106,166  
   
Bonus
$1.00 - $14,640  
Profit Sharing
$484.79 - $9,773  
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).
)
$55,739 - $114,224  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 707
United States (change)

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

  • 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.
  • Research potential vendors and compare their products, prices, and services.
  • 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.

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

Related Job Salaries

Experience Affects Commodity Manager Salaries



National Average
$83,000



Skills That Affect Commodity Manager Salaries



Procurement
up arrow 3%

Supplier Management
up arrow 2%

Negotiation
up arrow 1%

National Average
$83,000

Inventory Management
up arrow 19%

Risk Management / Risk Control
up arrow 19%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 168 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

Less than 1 year
2%
1-4 years
21%
5-9 years
29%
10-19 years
34%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 89%
vision benefits Vision: 73% employee benefits None: 4%