Commodity Job Description

Commodity Job Description

179 votes for Commodity
Commodity provides subject matter expertise and thought leadership in the commodity trading domain, bringing industry and trading best practices to evolve the Shell Trading & Supply Trade Capture systems landscape.

Commodity Duties & Responsibilities

To write an effective commodity job description, begin by listing detailed duties, responsibilities and expectations. We have included commodity job description templates that you can modify and use.

Sample responsibilities for this position include:

Develop, execute, and communicate a strategy to drive the overall profitability waterfall of assigned commodities, reviewing volume vs
Conduct commodity and industry trend analysis to show future trends for the assigned commodities as related to cost drivers, new technologies
Provide commodity expertise for travel related commodities
Drive value by implementing strategic sourcing and entering into cost efficient agreements that fulfil supply requirements within the assigned commodities
Drive supplier performance, contract effectiveness, collaboration and integration and deliver improved results with key suppliers within assigned commodities
Develop and implement approved strategies for assigned commodities that actively search for performance improvement and cost reduction opportunities by understanding customer needs, supply market trends and innovation
Manage the total lifecycle of a supplier contract, including submission to legal, expiration alerts, within the commodities assigned
Conduct and follow up Purchase Price Variance (PPV) activities, budgeting, forecast and actual, and annual price negotiations any other initiatives for assigned commodities
Developing, implementing and driving strategic engagement strategies
Identify and drive innovation and productivity savings with the suppliers, IE

Commodity Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Commodity

List any licenses or certifications required by the position: APICS, CPM, ISM, C.P.M, CPSM, CPIM, CIRM, A.P.P, NAPM, FSG

Education for Commodity

Typically a job would require a certain level of education.

Employers hiring for the commodity job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Business, Engineering, Education, Supply Chain Management, Business/Administration, Management, Technical, Finance, MBA, Economics

Skills for Commodity

Desired skills for commodity include:

Cost structures
Technical improvements and competitive landscape
Related disciplines
Disciplines within the function
Relevant trading and market fundamentals
ERP systems

Desired experience for commodity includes:

2-3 years of trading experience with proven track record of success
Ideally experience in trading meat, poultry, seafood or dairy products
You will need to be able to use your own initiative and have a strong understanding of commerciality
A previous background showing your ability to develop new business & maintain strong relationships with customers
Excellent communication skills both verbal and written with the ability to listen and deal with conflicting opinions
Significant prior experience in procurement

Commodity Examples


Commodity Job Description

Job Description Example
Our company is searching for experienced candidates for the position of commodity. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for commodity
  • Identify and implement Total Cost of Ownership (TCO) reduction opportunities for assigned commodities
  • Component supply and data management
  • Developing supply chain risk assessment and mitigation plans
  • Develops and manages projects that deliver ROTC
  • Develop and present commodity strategies, detailed reports, analysis, and sourcing or business related presentations to staff and management
  • Work closely with domestic and global suppliers to improve their delivery and quality scores for materials, products and services
  • Support and conduct reverse auctions
  • Negotiate, implement and manage long term agreements
  • Able to project manage a cross-functional team, including suppliers, to successfully implement a commodity strategy, cost savings initiative or to transition supply
  • Must be able to travel up to 20% to find, develop, and manage domestic and/or global sources of supply
Qualifications for commodity
  • Strong initiative and ablity to grow and develop with the company
  • Flexible with regard to travel
  • Ideally coming from a food background
  • Over 10 years work experience in procurement and IE (industry engineering) in MNC
  • A good team workers
  • Between five (5) and eight (8) years experience, with at least five (5) in purchasing

Commodity Job Description

Job Description Example
Our company is looking to fill the role of commodity. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for commodity
  • Managing the total lifecycle of a supplier contract, including submission to legal, expiration alerts, within the commodities assigned
  • Conducting and following up on Purchase Price Variance (PPV) activities, budgeting, forecast and actual, and annual price negotiations any other initiatives for assigned commodities
  • Apply a robust RFx strategic sourcing methodology and negotiate supplier agreements across the commodities of Services & Goods
  • Company subject matter expert (SME) for assigned commodities
  • Monitor number of suppliers used by commodity, identify preferred and strategic suppliers and work towards consolidating business into these selected partners reducing the number of suppliers used by commodity in the same time
  • Take the optimal sourcing decision based on an overall landed cost approach in order to maximize profit on materials
  • Report the expired/wrong contract prices
  • Monitor the inaccurate terms and confused conditions from partners
  • Optimize the discrepant invoices/finance department prices according to a global group of acquisitions
  • Be responsible of data accuracy in ERP system (Baan)
Qualifications for commodity
  • Demonstrates a strategic business perspective
  • ISM Certification or other relevant professional designation
  • Results Oriented – Takes responsibility and required action to meet deadlines
  • A Bachelor of Arts or Sciences Degree is required with a Business Management focus preferred
  • Be responsible for AVL for commodity managing supplier selection, qualification and price negotiation
  • Support our OEM supplier initiatives including annual cost reductions, VMI/JIT, lead-time reductions, favorable payment terms

Commodity Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of commodity. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for commodity
  • Responsible for the overall security system for all Samaritan’s Purse managed food warehouses in the program area to ensure no food commodities or warehouse supplies (pallets, plastic sheet, fencing, ) leave the warehouses without proper consent
  • Manage product aging and daily inventory levels, then communicate the information to the Sr
  • Partner with Quality Control to inspect and review product quality on a daily basis to identify potential problems
  • Establishing commercial relationships with suppliers within the assigned commodity areas, securing targeted levels of cost, quality, delivery precision, sustainability
  • Conducting detailed demand, spend, cost and market analysis and a structured approach to tendering and negotiating with suppliers given the assigned commodity strategy
  • Segmenting suppliers and manage supplier relationships to drive supplier development and integration for existing, new and potential suppliers
  • Responsible for the development, recommendation, and execution of optimal sourcing
  • Manage the entire formal strategic sourcing process, from spend analysis through contract implementation and supplier relationship management
  • Maintains Approved Supplier Listing (ASL) and makes recommendations to Supplier Review Board (SRB) for changes in status (e.g., approved, conditional, blocked)
  • Drives supplier accountability and performance by negotiating agreements
Qualifications for commodity
  • Knowledge of basic supply agreement construction
  • A minimum of 5 years’ experience in related field (procurement, sales, product management, or finance)
  • 10+ years experience, supply chain mgmt
  • Minimum of 4 years’ production purchasing and materials experience in an ERP manufacturing environment
  • Demonstrated project management skills and the ability to work effectively with all levels of management
  • Ability to work in or lead cross functional teams

Commodity Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of commodity. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for commodity
  • Is responsible for building, maintaining and validating savings project pipeline that will meet or exceed our financial commitments
  • Manage and influence internal stakeholders that are involved in sourcing product
  • Manage, edit, review, and approve contracts with key suppliers within their Commodity
  • Prepares reviews and analyzes RFP documents, leads or supports the negotiation process with key suppliers
  • Perform other duties as assigned by the Director, North America Field & Indirect Commodity Management
  • Regularly monitoring, evaluating and communicating continuous feedback to management on quality commodity operations
  • Direct line manage warehouse staff in immediate area and act as technical advisor to all warehouse staff at remote warehouses in the program area that Samaritan’s Purse is responsible for
  • Prepare Monthly Commodity Stock Report, Physical Counts Report, Monthly Receipt Report, Distribution Plan, and other report requested by management
  • Responsible for all systems of offloading and accountability of food coming into the warehouses and all systems of loading and accountability of food leaving the warehouses for distribution and that these procedures are in line with internal and sector standards
  • Conduct routine monitoring and audits of all warehouses and staff and provide training/take corrective actions where necessary
Qualifications for commodity
  • Commodity trading knowledge (Hedging strategy)
  • Analytical and administrative abilities
  • Corporate or divisional supply chain management exposure
  • Willing to travel as required (est
  • Technical familiarity with a range of materials and processes
  • Excellent PC skills (spreadsheets, ) required

Commodity Job Description

Job Description Example
Our company is looking for a commodity. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for commodity
  • Drive HLA/TLA outsourcing projects
  • Promoting and growing our Inventory programs (kanban and VOMI)
  • Manage quarterly supplier scorecard program and business reviews
  • Support the R&D/NPI Sourcing lead as needed on supplier selection for new parts
  • Represent PAI at SBR’s
  • Functionally support both value streams as needed
  • Receives, collects, handles, sells, and distributes materials
  • Loads, unloads, counts, weighs, measures, codes, and stores materials using appropriate material handling tools and equipment
  • Wraps, crates, and addresses supply orders for distribution locations on and off campus
  • Receives merchandise and verifies vendor and carrier shipping documents against University documents and contacts suppliers to handle discrepancies
Qualifications for commodity
  • Ability to successfully negotiate long-term agreements, non-disclosure agreements, with a global supply base
  • Supply Chain certification through APICS or ISM is a plus
  • Eight or more years of solid corporate supply chain, procurement, quality, operations, and/or process management experience, including at least 5 years experience with commodity management encompassing the entire supply chain from sub-supplier, materials management, logistics, customs
  • High level of desktop software PC Microsoft skills
  • Consistent record of achieving significant business results
  • Managing sourcing (CFT, RFP, ) & contract management

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