Commodity Director Salary in the United States

Commodity Director develops, implements, and maintains a commodity procurement and inventory strategy that supports a company's manufacturing supply chain. Implements policies and processes to purchase raw materials used to process and manufacture products or to conduct research or other business activities. Being a Commodity Director 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. Additionally, Commodity 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 Commodity 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. To be a Commodity 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)... View full job description

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