Commodity Manager Job Description Template
The Commodity Manager will be responsible for the procurement of materials and services for their assigned commodities. They will work with suppliers to negotiate contracts, pricing, and delivery terms. The Commodity Manager will also be responsible for maintaining supplier relationships and ensuring that all procurement activities are carried out in accordance with company policies and procedures.
Commodity Manager Job Responsibilities
- Developing and maintaining strong relationships with suppliers
- Negotiating contracts and pricing with suppliers
- Managing inventory levels and forecasting future needs
- Working with other departments to ensure timely delivery of goods
- Ensuring quality standards are met by suppliers
- Resolving any supplier issues or concerns
Objectives
- To develop and implement strategies for procuring and managing commodities in a way that minimizes cost and risk while maximizing quality
- To work with suppliers to negotiate contracts, pricing, and terms & conditions
- To monitor market trends and developments in order to make informed decisions about commodity procurement
- To manage the storage and transportation of commodities
- To ensure compliance with all relevant laws, regulations, and company policies & procedures
- To develop and maintain strong relationships with internal stakeholders (e.g. purchasing, finance, operations) as well as external stakeholders (e.g. suppliers)
Commodity Manager Job Skills & Qualifications Needed
- Bachelor's degree in business, economics, engineering, or a related field
- Proven experience as commodity manager or relevant role
- Thorough understanding of supply chain management and procurement processes
- Excellent analytical and problemsolving skills
- Highly organized with excellent time management skills
- Outstanding communication and negotiation abilities
- Strong leadership qualities