What is a commodity manager job?
A commodity manager job is a position in which an individual is responsible for overseeing the sourcing, procurement, and management of goods and products within a company. These goods and products can range from raw materials to finished goods, and the commodity manager must ensure that they are acquired at the right price and delivered on time to meet the company's needs. The role of a commodity manager is critical in maintaining the supply chain of a company and ensuring that it runs smoothly.
What do commodity managers usually do in this position?
Commodity managers are responsible for a wide range of tasks related to the procurement and management of goods and products within a company. Some of the most common tasks performed by commodity managers include negotiating contracts with suppliers, evaluating supplier performance, managing inventory levels, and monitoring market trends to ensure that the company is getting the best possible prices for its goods and products. They also work closely with other departments within the company, such as logistics and finance, to ensure that the supply chain runs smoothly and efficiently.
Top 5 skills for this position:
- Strong analytical skills
- Excellent communication and negotiation skills
- Ability to manage multiple projects and deadlines
- Experience with supply chain management software
- Knowledge of market trends and pricing
How to become a commodity manager?
To become a commodity manager, it is often necessary to have a degree in business, supply chain management, or a related field. Many companies also prefer candidates with several years of experience in procurement, supply chain management, or a related field. Some commodity managers start out in entry-level positions and work their way up through the ranks. It is also important to stay up-to-date with industry trends and developments and to continually develop new skills and knowledge.
Average salary:
The average salary for a commodity manager varies depending on the location, industry, and level of experience. According to Glassdoor, the average salary for a commodity manager in the United States is around $90,000 per year. However, salaries can range from around $60,000 per year for entry-level positions to over $150,000 per year for more experienced commodity managers.
Roles and types:
Commodity managers can work in a wide range of industries, including manufacturing, retail, and technology. Some of the most common roles in this field include procurement manager, supply chain manager, and sourcing manager. Commodity managers may also specialize in specific areas, such as energy, agriculture, or metals. Regardless of the specific role or industry, commodity managers are responsible for ensuring that their company's supply chain runs smoothly and efficiently.
Locations with the most popular jobs in the USA:
Commodity manager jobs are available across the United States, but some locations have a higher concentration of these positions than others. According to Glassdoor, some of the top cities for commodity manager jobs in the United States include Houston, TX, New York, NY, Chicago, IL, Atlanta, GA, and San Francisco, CA. These cities are home to a wide range of industries and companies, making them ideal locations for commodity managers who are looking for new opportunities.
What are the typical tools?
Commodity managers typically use a variety of tools and software to manage their work. Some of the most common tools include supply chain management software, such as SAP or Oracle, as well as tools for market research and analysis. They may also use tools for managing contracts and agreements, such as DocuSign or Adobe Sign. Additionally, commodity managers may use tools for communication and collaboration, such as Slack or Microsoft Teams.
In conclusion:
Commodity manager jobs are critical positions in many companies, as they are responsible for ensuring that the supply chain runs smoothly and efficiently. To be successful in this field, it is important to have strong analytical skills, excellent communication and negotiation skills, and experience with supply chain management software. With the right skills and experience, a career as a commodity manager can be both rewarding and lucrative.