The average salary for a Commodities Sourcing Manager is $84,555.
Commodities Sourcing Manager by
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What Do Commodities Sourcing Managers Do?
Commodities sourcing managers are responsible for executing commodities and finding the best sources for client portfolios on behalf of their company. These individuals are in charge of managing vendor and client relationships to find the best cost/expense commodities ratios for customers and must have strong communication skills to interact with a variety of clients and find the best sourcing strategies for financial projects.
These managers develop and create administrative and operational ac…Read more
Commodities Sourcing Manager Tasks
- Implement and train employees on company best practices and ensure department-wide compliance.
- Effectively manage team and ensure that established guidelines and benchmarks are met.
- Build and maintain effective supplier and vendor relationships.
- Maintain key performance metrics appropriate for each commodity category and suppliers.
Job Satisfaction for Commodities Sourcing Manager
Commodities Sourcing Manager Job Listings
What Are Popular Skills for Commodities Sourcing Managers?
Skills in Contract Negotiation, Supplier Management, Negotiation and Procurement are correlated to pay that is above average. Skills that pay less than market rate include Sourcing.
What is the Pay by Experience Level for Commodities Sourcing Managers?
An early career Commodities Sourcing Manager with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $77,166 based on 13 salaries. A mid-career Commodities Sourcing Manager with 5-9 years of experience earns an average total compensation of $86,389 based on 14 salaries. An experienced Commodities Sourcing Manager with 10-19 years of experience earns an average total compensation of $90,302 based on 26 salaries. In their late career (20 years and higher), employees earn an average total compensation of $90,259.
Pay Difference by Location
Employees with Commodities Sourcing Manager in their job title in Houston, Texas earn an average of 15.8% more than the national average. The lowest salaries can be found in Cleveland, Ohio (13.7% less) and St. Louis, Missouri (7.6% less).
Years of Experience
This data is based on 69 survey responses.