How to Become a Commodity Buyer
Step 1: Understand the job description and responsibilities of a Commodity Buyer
What does a Commodity Buyer do?
A Commodity Buyer purchases raw materials used to process and manufacture products or to conduct research or other business activities. Monitors and analyzes the commodities market, global economic conditions, and events to make informed purchase decisions. Being a Commodity Buyer 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. Additionally, Commodity Buyer 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. Typically requires a bachelor's degree in business, supply chain management or equivalent. Typically reports to a manager. The Commodity Buyer work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be a Commodity Buyer typically requires 4 -7 years of related experience.
Collaborate with clients and staff to preserve commodity quality.
Devise and implement strategies to encourage enhancement of commodity quality.
Develop means to Strengthen and consolidate the Commodity team.
The commodity buyer is the complete opposite of the checklist consumer.
Commodity buyer 1 is a mid-sized or larger firm with specific business requirements that need to be met.
Step 2: Learn best tips to become a Commodity Buyer
Best tips for those who want to become a Commodity Buyer
Here are some tips to become a Commodity Buyer.
Power in the Supplier/Buyer Relationship.
Step 3: View best colleges and universities for Commodity Buyer
Best colleges and universities for Commodity Buyer
- Butler University
- Taylor University
- California State University--Maritime Academy
- William Jessup University
- Fairfield University
- United States Merchant Marine Academy
Step 4: Think about whether is it worth to be a Commodity Buyer
Is being a Commodity Buyer Worth it?
The Junior Commodity Buyer will work alongside the Commodity team to focus on building long term supplier relationships and maintain high supplier quality and reliability.
Conduct and coordinate sourcing activities (new project, localization, 2nd sourcing), cooperate with buyers in other African countries.
Buyer - DurbanRetail DetailDurbanTo create and execute an original range of Menswear apparel in line with the brand strategy and assortment plan in order to achieve and exceed financial objectives.
Patternmaker (Clothing)Talented RecruitmentDurbanPATTERNMAKER - Local Clothing Manufacture Role and Responsibilities Creating manual patterns from original samples and buyer briefs.
The Senior Buyer is responsible for purchasing activities essential to manufacturing operations….
Step 5: Prepare relevant skills for being a Commodity Buyer
What skills do you need to be a Commodity Buyer?
There are skills required to succeed in every role, and this one is no different. Strategic knowledge of the follow skills will be required: Commodity Management, Contracts Management & Administration, Negotiation, Procurement. Your ability to stand out from the competition depends on these skills, as well as your resume, interview, and other factors.
Commodity Buyers are procurement experts responsible for buying commodities that support an organization’s supply chain.
In addition to the previously described competency proficiency levels, a general overview of the AGCO Commodity Buyer is as follows.
Commodity buyers have to be ready and able to travel globally.
Buyer experience with emphasis in wholesale environment.
3 years of relevant experience as a buyer, accounting, supply chain, purchasing or procurement.
Step 6: View average salary for Commodity Buyer
How much does a Commodity Buyer make?
The average salary range for a Commodity Buyer is from $85,715 to $98,380. The salary will change depending on your location, job level, experience, education, and skills.
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Average salary for Commodity Buyer jobs
Step 7: Find relevant Commodity Buyer jobs, and apply.
Looking for Commodity Buyer jobs?
Here are some Commodity Buyer jobs in the United States.