Commodity Manager in Minneapolis, Minnesota Salary

How much does a Commodity Manager make in Minneapolis, MN? The average salary for a Commodity Manager in Minneapolis is $84,371 annually. This is 2% less than the national average for a Commodity Manager which is $86,338 annually. Salaries for a Commodity Manager in Minneapolis range from $66,177 annually to $120,951 per year. Total Annual Pay, which includes salary and bonus for a Commodity Manager in Minneapolis ranges from $70,597 to $124,040 annually. Job satisfaction is reported as 0 out of 5 stars. In Minneapolis, men make up the majority of the workforce (69 percent). Many report receiving medical, dental, and vision benefits from their employer.

$66,177 - $120,951
$66K
$84K
$120K
MEDIAN: $84,371
10%
50%
90%

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$0$124K
Salary $66,177 - $120,951
Bonus $4,913
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).
)
$70,597 - $124,040
  • Country: United States
  • Currency: USD
  • Updated: 20 Nov 2017
  • Individuals Reporting: 17

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.

About Minneapolis, Minnesota

Hennepin County, Minnesota
410,935
Male:
206,547 (50.3%)
Female:
204,388 (49.7%)
Minneapolis (/ˌmɪniˈæpəlɪs/) is the county seat of Hennepin County, and larger of the Twin Cities, the 16th-largest metropolitan area in the United States, containing about 3.5 million residents. As of 2015, Minneapolis is the largest city in the state of Minnesota and 46th-largest in the United States with a population of 410,939. Minneapolis and Saint Paul anchor the second-largest economic center in the Midwest, after Chicago. Minneapolis lies on both banks of the Mississippi River, just north of the river's confluence with the Minnesota River, and adjoins Saint Paul, the state's capital. The city is abundantly rich in water, with thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls, many connected by parkways in the Chain of Lakes and the Grand Rounds National Scenic Byway. It was once the world's flour milling capital and a hub for timber. The city and surrounding region is the primary business center between Chicago and...
Minneapolis:
$54,571
Minnesota:
$63,488
$912
Minneapolis:
$227,500
Minnesota:
$200,000
4.3%

Commodity Manager Job Listings

Commodity Manager Reviews

Q: What is it like working in Minneapolis?

Commodity Manager in Minneapolis:
Pros: People are friendly and helpful.
Cons: Commute.

Key Stats for Commodity Manager

Gender

Female
31 %
Male
69 %
1-4 years
12%
5-9 years
29%
10-19 years
41%
20 years or more
18%

Skills That Affect Commodity Manager Salaries

Procurement
▲20%

Project Management
▲16%

Negotiation
▲13%

Supplier Management
▲7%

Contract Negotiation
▲7%

National Average
$87,000

Gender

Female
31 %
Male
69 %

Years of Experience

1-4 years
12%
5-9 years
29%
10-19 years
41%
20 years or more
18%

Common Health Benefits

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