Skills & Competencies for Commodity Manager

Commodity Manager job profile

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JOB SUMMARY for Commodity Manager

Implements a commodity procurement and inventory strategy that supports a company's manufacturing supply chain.

JOB RESPONSIBILITIES for Commodity Manager

Manages the policies and processes to purchase raw materials required to process and manufacture products, conduct research, or enable other business activities. Monitors and analyzes the commodities market, global economic conditions, and events to make informed purchase decisions. Identifies, evaluates, and monitors suppliers and develops relationships to provide reliable sourcing and ensure the quality and availability of required commodities. Oversees 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. Ensures compliance with all applicable regulations and standards governing the purchase and delivery of goods.

Commodity Manager SALARY RANGE

BASE 50%
$128,665
TOTAL 50%
$139,605
Job Level
M02
Job Code
MM18000130
Education/Degree
Bachelor's Degree
Reports To
Director

Commodity Manager 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 Manager 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 Manager

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)
Describes the manufacturing methods, operations software, machinery, and labor processes.
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Level 2 Behaviors
(Light Experience)
Conducts material review board (MRB) processes and tracks product nonconformance.
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Level 3 Behaviors
(Moderate Experience)
Handles workflow issues using manufacturing processes to identify the root cause of problems.
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Level 4 Behaviors
(Extensive Experience)
Evaluates new technologies and breakthrough processes to accelerate competitive manufacturing advantages.
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Level 5 Behaviors
(Mastery)
Creates refined processes and protocols for the organization to boost manufacturing efficiency.
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3 Commodity Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Commodity Manager
Proficiency Level - 4
5 Competency for - Commodity Manager
Proficiency Level - 5

11 general skills or competencies (Job family competencies) for Commodity Manager

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)
Explains how to use the ERP system for multiple business processes of an organization.
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Level 2 Behaviors
(Light Experience)
Maintains accuracy of customer requirements and data in ERP system.
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Level 3 Behaviors
(Moderate Experience)
Manages daily ERP operations to ensure performance reliability of the ERP systems.
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Level 4 Behaviors
(Extensive Experience)
Provides training to stakeholders to streamline and improve ERP operations.
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Level 5 Behaviors
(Mastery)
Develops ERP implementation plans to manage business complexities and increase process efficiency.
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2 Job Family Competencies – Contract Management
Proficiency Level -3
Skill definition-Managing agreements, from their creation to execution by the chosen party and the eventual termination of the contract.
Level 1 Behaviors
(General Familiarity)
Explains the standard principles and procedures of contract management.
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Level 2 Behaviors
(Light Experience)
Reports contracts for termination or renewals to senior management.
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Level 3 Behaviors
(Moderate Experience)
Reviews contractual terms and agreements to ensure adherence to contract lifecycle management.
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Level 4 Behaviors
(Extensive Experience)
Oversees execution of contract management strategies to achieve financial and operational goals.
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Level 5 Behaviors
(Mastery)
Establishes internal policies to ensure seamless contract management within your organization.
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3 Commodity Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Commodity Manager
Proficiency Level - 4
5 Competency for - Commodity Manager
Proficiency Level - 5

11 soft skills or competencies (core competencies) for Commodity Manager

1 Core Competencies – Business Acumen
Proficiency Level -2
Skill definition-Insight into our organization's business, goals, and values. Ability to design and implement initiatives that facilitate successful outcomes.
Level 1 Behaviors
(General Familiarity)
Explains our key business strategies and priorities.
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Level 2 Behaviors
(Light Experience)
Reports and communicates market and competitor status regularly to the management team.
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Level 3 Behaviors
(Moderate Experience)
Evaluates supply chain efficiency with an eye toward improving shortcomings.
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Level 4 Behaviors
(Extensive Experience)
Optimizes business processes based on deep insight into various business unit functions.
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Level 5 Behaviors
(Mastery)
Designs and implements feedback loops to identify and promptly address business problems.
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2 Core Competencies – Budgeting
Proficiency Level -2
Skill definition-Applying specific policies, tools and practices to plan and prepare projected revenues, expenses, cash flows, and capital expenditures.
Level 1 Behaviors
(General Familiarity)
Explains the importance of budget reporting and forecasting in our workplace.
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Level 2 Behaviors
(Light Experience)
Produces budget reports showing planned vs. actual variances highlighted and explained.
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Level 3 Behaviors
(Moderate Experience)
Reviews and helps approve major budget adjustments to negotiate and reconcile line variances.
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Level 4 Behaviors
(Extensive Experience)
Provides in-depth training to our entire organization about the zero based budgeting methodology.
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Level 5 Behaviors
(Mastery)
Forecasts asset needs to leverage available inventory and data compilation for annual budgeting.
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3 Commodity Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Commodity Manager
Proficiency Level - 4
5 Competency for - Commodity Manager
Proficiency Level - 5

Summary of Commodity Manager skills and competencies

There are 1 hard skills for Commodity Manager, Manufacturing Processes.
11 general skills for Commodity Manager, Enterprise Resource Planning (ERP), Contract Management, Commodity Management, etc.
11 soft skills for Commodity Manager, Business Acumen, Budgeting, Planning and Organizing, etc.
While the list totals 23 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 Manager, he or she needs to be proficient in Business Acumen, be proficient in Budgeting, and be skilled in Planning and Organizing.

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