Commodities Purchasing Director Salary in the United States

The Commodities Purchasing Director implements policies and processes to purchase raw materials used to process and manufacture products or to conduct research or other business activities. Develops, implements, and maintains a commodity procurement and inventory strategy that supports a company's manufacturing supply chain. Being a Commodities Purchasing Director identifies, evaluates, and monitors suppliers to develop reliable sourcing and ensure the quality and availability of required commodities. Monitors and analyzes the commodities market, global economic conditions, and events to make informed purchase decisions. In addition, Commodities Purchasing Director leads 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. Requires a bachelor's degree in business, supply chain management. Typically reports to senior management. The Commodities Purchasing Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Working as a Commodities Purchasing Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2024 Salary.com)

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