$100,500
Avg. Salary
Avg. Hourly Rate
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The average pay for a Commodity Manager in Chicago, Illinois is {{pay}} per hour.

The average pay for a Commodity Manager in Chicago, Illinois is $100,500 per year.

10%
$0.00
10%
$0.00
50%
$0.00
90%
90%
MEDIAN $0.00
10%
$71k
10%
$101k
50%
$111k
90%
90%
MEDIAN $100,500

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 Chicago, Illinois

Cook County, Illinois
2,720,556
Male:
1,320,015 (48.5%)
Female:
1,400,541 (51.5%)
Chicago (/ʃᵻˈkɑːɡoʊ/ or /ʃᵻˈkɔːɡoʊ/), officially the City of Chicago, is the third-most populous city in the United States. With over 2.7 million residents, it is the most populous city in the state of Illinois and the Midwestern United States, and the county seat of Cook County. The Chicago metropolitan area, often referred to as Chicagoland, has nearly 10 million people and is the third-largest in the U.S. Chicago was incorporated as a city in 1837, near a portage between the Great Lakes and the Mississippi River watershed, and grew rapidly in the mid-nineteenth century. The city is an international hub for finance, commerce, industry, technology, telecommunications, and transportation: O'Hare International Airport is the second-busiest airport in the world when measured by aircraft traffic; the region also has the largest number of U.S. highways and rail road freight. In 2012, Chicago was listed as an alpha global city by the Globalization and World Cities Research...
Chicago:
$50,702
Illinois:
$59,588
$985
Chicago:
$238,500
Illinois:
$180,300
6.3%

Commodity Manager Job Listings

Key Stats for Commodity Manager

1-4 years
22%
10-19 years
44%
20 years or more
33%

Skills That Affect Commodity Manager Salaries

Project Management
▲24%

Contract Negotiation
▲21%

Supplier Management
▼0%

National Average
$99,000

Procurement
▼16%

Negotiation
▼26%

Years of Experience

1-4 years
22%
10-19 years
44%
20 years or more
33%

Common Health Benefits

medical benefits
Medical: 100%
dental benefits
Dental: 89%
vision benefits
Vision: 78%
no benefits
None: