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Commodity Manager Jobs in Chicago, IL (NOW HIRING)

Viant

MRO Buyer

Wheeling, IL · On-site

$65K - $82K/yr

Participates with Strategic Sourcing Commodity management on Supplier Relationship Management (SRM quarterly / bi-annual reviews with key suppliers for the site, as well as participates in Global ...

Eclipse Trading

Options Trader

Chicago, IL · On-site +1

... commodity derivatives, and cryptocurrency. Technology is inextricably linked to our trading ... Manage and execute multiple options trading strategies, systematic market making and positional ...

DV Trading

Relative Value Trader

Chicago, IL · On-site

$200K/yr

... management methodologies to provide liquidity to worldwide financial markets and hedging opportunities to commodity producers and users. Now, DV group affiliates include two broker dealers, a ...

Xenon arc

Materials Manager

Rosemont, IL · On-site

Monitor and provide actionable feedback on supplier performance to commodity management team on a quarterly basis. * Evaluate impact of demand opportunities and risks * Keep a close eye on working ...

Life Fitness

Cost Manager

Rosemont, IL · Hybrid

Perform detailed purchase price variance (PPV) analysis, reviewing large PPVs and working with commodity managers to validate invoice prices and inventory valuation. * Age in transit inventory and ...

DV Trading

Relative Value Trader

Chicago, IL · On-site

$200K/yr

... management methodologies to provide liquidity to worldwide financial markets and hedging opportunities to commodity producers and users. Now, DV group affiliates include two broker dealers, a ...

Life Fitness

Manager, Cost Analysis

Rosemont, IL · On-site

Perform detailed purchase price variance (PPV) analysis, reviewing large PPVs and working with commodity managers to validate invoice prices and inventory valuation. * Age in transit inventory and ...

DV Trading

Relative Value Trader

Chicago, IL

$200K/yr

... management methodologies to provide liquidity to worldwide financial markets and hedging opportunities to commodity producers and users. Now, DV group affiliates include two broker dealers, a ...

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All JobsCommodity JobsCommodity Manager JobsCommodity Manager Jobs in Chicago, IL

Commodity Manager information

See Chicago, IL salary details

$37.6K

$101.1K

$165K

How much do commodity manager jobs pay per year?

As of Aug 21, 2026, the average yearly pay for commodity manager in Chicago, IL is $101,076.00, according to ZipRecruiter salary data. Most workers in this role earn between $82,500.00 and $117,500.00 per year, depending on experience, location, and employer.

What is a commodity manager?

A commodity manager is in charge of purchasing, budgeting, and overall management of goods for a company. They are responsible for ensuring that these transactions and requests comply with company procedures and policies. Commodity manager positions may be found in a variety of different industries, but are especially prevalent in manufacturing and engineering. They work closely with company departments and their clients, advising on purchases and investments. Careful attention to the market is important. Outstanding communication skills are helpful when dealing with clients or prospects. They must have a bachelor’s or master’s degree in business to be successful in this career.

What are the key skills and qualifications needed to thrive as a commodity manager?

To thrive as a Commodity Manager, you need expertise in supply chain management, strategic sourcing, negotiation, and a relevant degree such as business or engineering. Familiarity with procurement software (like SAP or Oracle), market analysis tools, and certifications such as CPSM or CPM are valuable assets. Strong analytical thinking, communication, and relationship management skills help you excel in supplier negotiations and cross-functional collaboration. These abilities ensure cost-effective procurement, risk mitigation, and a reliable supply chain, which are critical for organizational success.

What are some typical challenges a commodity manager faces when balancing supplier relationships and cost targets?

Commodity Managers often face the challenge of maintaining strong supplier relationships while also meeting aggressive cost-saving targets. This requires effective negotiation, a deep understanding of market trends, and the ability to identify alternative sourcing options without compromising on quality or lead time. Navigating supply chain disruptions and aligning supplier capabilities with organizational needs are also common hurdles. Collaborating closely with internal stakeholders, such as engineering and production teams, helps ensure that sourcing strategies support overall business goals.

What is the difference between Commodity Manager vs Purchasing Specialist?

AspectCommodity ManagerPurchasing Specialist
CredentialsBachelor's degree in supply chain, business, or related field; certifications like CPSM or CSCPBachelor's degree often preferred; certifications less common
Work EnvironmentStrategic planning, supplier negotiations, market analysisOrder processing, vendor communication, purchase execution
Industry UsageUsed across manufacturing, retail, and logistics sectorsCommon in procurement departments of various industries
Search & Comparison IntentUnderstanding strategic procurement roles and responsibilitiesFocusing on day-to-day purchasing tasks

The main difference between a Commodity Manager and a Purchasing Specialist lies in their scope and focus. Commodity Managers handle strategic sourcing, supplier relationships, and market analysis for specific commodities, while Purchasing Specialists focus on executing purchase orders and managing vendor communications. Both roles are essential in procurement but serve different functions within the supply chain.

How much do commodity managers make?

Commodity managers typically earn a median annual salary of around $80,000 to $120,000, depending on experience, industry, and location. Senior or specialized commodity managers can earn higher salaries, often exceeding $150,000, especially with certifications and strong negotiation skills.
More about Commodity Manager jobs

What are the most commonly searched types of Commodity jobs in Chicago, IL?

The most popular types of Commodity jobs in Chicago, IL are:

What are popular job titles related to Commodity Manager jobs in Chicago, IL?

For Commodity Manager jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Commodity Manager jobs in Chicago, IL look for?

The top searched job categories for Commodity Manager jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Commodity Manager jobs?

Cities near Chicago, IL with the most Commodity Manager job openings:

Commodity Manager jobs near you
Infographic showing various Commodity Manager job openings in Chicago, IL as of August 2026, with employment types broken down into 87% Full Time, 12% Part Time, and 1% Contract. Highlights an 83% Physical, 2% Hybrid, and 15% Remote job distribution, with an average salary of $101,076 per year, or $48.6 per hour.

MRO Buyer

Viant

Wheeling, IL • On-site

$65K - $82K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 15 days ago

Job description

About the company:
Viant is a global medical device partner providing design, development, manufacturing, and assembly services through capabilities in materials, plastics, metals, extrusion, and automation. With nearly 6,000 employees across 24 locations worldwide, it delivers high-quality, life-enhancing products with the scale and expertise to bring devices to market efficiently. Learn more at Viant Medical's website or on LinkedIn.
Benefits (Eligible for benefits effective date of hire!)
  • Medical, dental, and vision benefits
  • Company-paid life insurance and disability benefits
  • Generous Paid time off and 10 paid Holidays
  • 401k Plan with Company Match
  • Tuition Reimbursement
  • Voluntary Universal Life and Long-Term Care
  • Voluntary Legal Plan
  • Pet Insurance

About the site:
Our Wheeling facility combines precision machining and assembly capabilities to deliver high-quality medical device components and finished products.
About the role:
Schedules, orders and coordinates the delivery of materials, equipment and services used in support of Viant sites and product manufacturing according to production plans. Controls the management of assigned MRO items in support of site requirements and in accordance with management objectives. Expedites requirements as needed (e.g., order action, open orders, late order reports). Negotiates purchase price, establishes delivery dates and payment terms for approval by management. Assist in the selection of particular vendors/suppliers with whom to place orders and acts as primary contact with vendors/suppliers. Resolves problems with assigned suppliers, materials, equipment or service orders. As a cross-functional team member, represents supply base and takes actions necessary to support quoting, production, cost savings initiatives, quality/complaint investigations and other supply chain related activities.
Work Model: Monday - Friday, 100% onsite 8:00 AM
We offer market competitive compensation. Potential salary range for this role is $65k-$82k. Actual pay will be determined based on experience, qualifications, geographic location, and other job-related factors permitted by law.
What you'll do:
  • Prepare instructions and oversee purchasing systems and procedures; reviews purchase order claims and contracts for conformance to company policy.
  • Responsible for tactical procurement in support of the sites' production schedules, as well as purchase order releases on blanket agreements negotiated with the Viant Global Sourcing team.
  • Prepares management reports as required (Procurement Spend analysis/cost savings program; material and services cost reduction tracking, etc.); Tracks and updates operating/expense budget.
  • Procures all materials and services to necessary dock dates to ensure on-time support of site requirements
  • Ensures purchase orders are properly managed to insure on time delivery and proper supplier relationship management both internally and externally.
  • Works with Global Sourcing to develop cost reduction programs with suppliers to ensure an annual reduction is achieved per facility objectives for both common Viant materials and services working with Global Sourcing as well as indirect spend activities.
  • Timely sourcing and cost-effective procurement of MRO items factory/office supplies, as well as outside services.
  • Analyzes contractual commitments, customer specifications, design changes, and other data to plan and develop planning and procurement activities from conceptual stage through life cycle of product.
  • Responsible for site procurement activities (services as well as expense items).
  • Managing and maintaining supplier programs, including the implementation of Vendor Managed Inventory for MRO items, Blanket Purchase Orders for high volume MRO & Service Items.
  • Global Sourcing - actively participates with Viant Global Sourcing Commodity Management team on Strategic Supplier partnerships and agreements in support of Viant Strategic Goals.
  • Participates with Strategic Sourcing Commodity management on Supplier Relationship Management (SRM quarterly / bi-annual reviews with key suppliers for the site, as well as participates in Global Sourcing SRM meetings as required.
  • Supplier Performance Management - responsible for working with site personnel and global sourcing on supplier report cards to ensure that plans of action are developed and implemented for improving poor performing suppliers.
  • In support of global procurement objectives, develop supplier programs to ensure necessary materials / services are on site.
  • Responsible for assisting and in development implementation/maintenance of Lean Manufacturing initiatives, including Kanban/Pull systems with vendors and production for MRO items.
  • Participates in cross-functional teams chartered to perform Global Strategic Sourcing related continual improvement and/or problem solving.

Requirements
Education/Certification:
  • Associate's degree required; Bachelor's degree preferred
  • Advanced proficiency with Microsoft Office applications (Excel, Outlook, Teams, Word, PowerPoint)
  • APICS Certification preferred
  • Strong sales, service, and customer relationship management acumen
  • 1-3 years of relevant customer operations, customer service, or order management experience, preferably in a manufacturing or regulated environment
  • Oracle or similar ERP system experience preferred

Skills/Competencies
  • Strong interpersonal skills and the ability to communicate effectively within all levels of the organization
  • Conflict management and the ability to negotiate
  • Organized and the ability to manage multiple tasks and priorities
  • Highest ethical standards and professional integrity
  • Demonstrated decision making skills
  • Hands on, collaborative, decisive self-starter, team oriented
  • Effective presentation skills and able to deliver insightful messages to external and internal audiences
  • Ability to effectively communicate with suppliers and internal business partners
  • Must be able to handle multiple tasks/projects and manage priorities accordingly
  • Instills a sense of urgency and drives problems towards resolution
  • Excellent written, oral and presentations skills
  • Computer literacy in Microsoft WORD, EXCEL and POWER POINT

Viant provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state, and local laws. Viant complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities.

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