Skills & Competencies for Commodity Buyer IV

Commodity Buyer IV job profile

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JOB SUMMARY for Commodity Buyer IV

Purchases raw materials used to process and manufacture products or to conduct research or other business activities.

JOB RESPONSIBILITIES for Commodity Buyer IV

Monitors and analyzes the commodities market, global economic conditions, and events to make informed purchase decisions. Identifies, evaluates, and monitors suppliers to develop reliable sourcing and ensure the quality and availability of required commodities. Participates in bidding and contract negotiations to obtain the best pricing to meet commodity needs. Analyzes inventory levels, manufacturing schedules, and long-term business objectives to plan and manage purchases. Complies with all applicable regulations and standards governing the purchase and delivery of goods.

Commodity Buyer IV SALARY RANGE

BASE 50%
$116,776
TOTAL 50%
$123,535
Job Level
P04
Job Code
MM18000178
Education/Degree
Bachelor's Degree
Reports To
Manager

Commodity Buyer IV Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Commodity Buyer IV skill and competencie below to view definitions.
INDUSTRY COMPETENCIES JOB FAMILY COMPETENCIES CORE COMPETENCIES
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1 hard skill or competency (industry competency) for Commodity Buyer IV

1 Industry Competency – Manufacturing Processes
Proficiency Level -2
Skill definition-Applying manufacturing methods, technologies and processes to execute, plan, manage and monitor the entire manufacturing process.
Level 1 Behaviors
(General Familiarity)
Explains bill of material (BOM) and part numbers concerning manufacturing processes.
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Level 2 Behaviors
(Light Experience)
Reports delivery status, challenges, and resolutions to management to drive efficiency.
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Level 3 Behaviors
(Moderate Experience)
Monitors manufacturing processes by tracking key production metrics.
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Level 4 Behaviors
(Extensive Experience)
Operates monitoring systems to improve the manufacturing execution systems (MES) continuously.
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Level 5 Behaviors
(Mastery)
Drives a culture within the organization that constantly improves manufacturing processes.
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3 Commodity Buyer IV - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Commodity Buyer IV
Proficiency Level - 4
5 Competency for - Commodity Buyer IV
Proficiency Level - 5

12 general skills or competencies (Job family competencies) for Commodity Buyer IV

1 Job Family Competencies – Enterprise Resource Planning (ERP)
Proficiency Level -3
Skill definition-Managing and integrating business processes with a single system through an ERP system software to eliminate redundancies and boost productivity.
Level 1 Behaviors
(General Familiarity)
Describes the process of enterprise resource planning in managing daily business processes.
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Level 2 Behaviors
(Light Experience)
Identifies operational issues associated with the transition to the ERP Cloud system.
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Level 3 Behaviors
(Moderate Experience)
Leverages ERP workflow technology to automate business processes.
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Level 4 Behaviors
(Extensive Experience)
Monitors daily reporting of ERP across multiple channels to improve overall data compliance and reliability.
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Level 5 Behaviors
(Mastery)
Designs workflow and configurations to facilitate the integration of ERP systems with other applications.
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2 Job Family Competencies – Contract Negotiation
Proficiency Level -3
Skill definition-Creating an agreement to legally binding terms to obtain favorable results.
Level 1 Behaviors
(General Familiarity)
Discusses the lifecycle of contract negotiation from development to approval.
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Level 2 Behaviors
(Light Experience)
Compiles basic information to assist in contract negotiations.
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Level 3 Behaviors
(Moderate Experience)
Partners with the management to help in negotiating contracts for return on investment.
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Level 4 Behaviors
(Extensive Experience)
Facilitates the contract negotiation process to deliver quality products and services.
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Level 5 Behaviors
(Mastery)
Designs strategies and tactics in contract negotiation to optimize maximum return on investment.
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3 Commodity Buyer IV - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Commodity Buyer IV
Proficiency Level - 4
5 Competency for - Commodity Buyer IV
Proficiency Level - 5

8 soft skills or competencies (core competencies) for Commodity Buyer IV

1 Core Competencies – Gathering Information
Proficiency Level -3
Skill definition-Accumulating necessary information from various resources to clarify the situation or make an informed business decision.
Level 1 Behaviors
(General Familiarity)
Explains the use of surveys and interviews in gathering the necessary information.
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Level 2 Behaviors
(Light Experience)
Conducts basic research to identify current industry trends and best practices.
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Level 3 Behaviors
(Moderate Experience)
Participates in various company events to gain information about current business operations.
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Level 4 Behaviors
(Extensive Experience)
Provides training to others about new techniques and strategies for effective data collection.
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Level 5 Behaviors
(Mastery)
Develops best practices and programs to improve data collection across our business.
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2 Core Competencies – Financial Acumen
Proficiency Level -3
Skill definition-Obtaining financial information and applying financial understanding to foster sound judgment and correct business decisions.
Level 1 Behaviors
(General Familiarity)
Identifies basic approaches used to earn profits and increase profitability.
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Level 2 Behaviors
(Light Experience)
Collects and analyzes financial data to evaluate an organization's financial performance.
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Level 3 Behaviors
(Moderate Experience)
Maintains adequate cash flow following established regulations.
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Level 4 Behaviors
(Extensive Experience)
Forecasts the financial impact of business decisions to determine our business's financial results.
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Level 5 Behaviors
(Mastery)
Designs data-gathering procedures to streamline the collection of financial information within our business.
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3 Commodity Buyer IV - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Commodity Buyer IV
Proficiency Level - 4
5 Competency for - Commodity Buyer IV
Proficiency Level - 5

Summary of Commodity Buyer IV skills and competencies

There are 1 hard skills for Commodity Buyer IV, Manufacturing Processes.
12 general skills for Commodity Buyer IV, Enterprise Resource Planning (ERP), Contract Negotiation, Commodity Management, etc.
8 soft skills for Commodity Buyer IV, Gathering Information, Financial Acumen, Attention to Detail, etc.
While the list totals 21 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Commodity Buyer IV, he or she needs to be skilled in Gathering Information, be skilled in Financial Acumen, and be skilled in Attention to Detail.

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