How much does a Commodity Buyer II make in Chicago, IL? The average Commodity Buyer II salary in Chicago, IL is $79,023 as of February 26, 2024, but the range typically falls between $70,662 and $86,703. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Commodity Buyer II Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commodity Buyer II Salary $63,048 Chicago,IL February 26, 2024
25th Percentile Commodity Buyer II Salary $70,662 Chicago,IL February 26, 2024
50th Percentile Commodity Buyer II Salary $79,023 Chicago,IL February 26, 2024
75th Percentile Commodity Buyer II Salary $86,703 Chicago,IL February 26, 2024
90th Percentile Commodity Buyer II Salary $93,695 Chicago,IL February 26, 2024
25% $70,662 10% $63,048 90% $93,695 75% $86,703 $79,023 50%(Median) Didn’t find job title? Click
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Check out Commodity Buyer jobs in Chicago, Illinois

Buyer II - Systems

804 Technology - Irvine, CA

Buyer (#24-22458)

Parker - LanceSoft - Irvine, CA

Senior Buyer

Colson Group - Jonesboro, AR

Commodity Buyer - (Solar Tracker)

Primoris Renewable Energy - Los Angeles, CA

What skills does a Commodity Buyer II need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Supply Chain Management: In commerce, supply-chain management (SCM), the management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption. Interconnected or interlinked networks, channels and node businesses combine in the provision of products and services required by end customers in a supply chain. Supply-chain management has been defined as the "design, planning, execution, control, and monitoring of supply-chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally." SCM practice draws heavily from the areas of industrial engineering, systems engineering, operations management, logistics, procurement, information technology, and marketing and strives for an integrated approach.[citation needed] Marketing channels play an important role in supply-chain management. Current research in supply-chain management is concerned with topics related to sustainability and risk management, among others. Some suggest that the “people dimension” of SCM, ethical issues, internal integration, transparency/visibility, and human capital/talent management are topics that have, so far, been underrepresented on the research agenda.

3.

Accounting: Creating financial statements and reports based on the summary of financial and business transactions.

Analysis 0.49%
Supply Chain Management 0.12%
Accounting 0.1%
Others 99.29%

Job Description for Commodity Buyer II

Commodity Buyer II 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 II 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 II 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 II occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Commodity Buyer II typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Commodity Buyer II in Chicago, IL

Career Path for Commodity Buyer II

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Commodity Buyer II, the first career path typically starts with a Buyer III position, and then progresses to Buyer IV.

Additionally, the second career path typically starts with a Commodity Buyer III position, and then progresses to Commodity Buyer IV.

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Commodity Buyer II salary varies from city to city. Compared with national average salary of Commodity Buyer II, the highest Commodity Buyer II salary is in San Francisco, CA, where the Commodity Buyer II salary is 25.0% above. The lowest Commodity Buyer II salary is in Miami, FL, where the Commodity Buyer II salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Commodity Buyer II, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
70662
86703
79023

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
73034
90343
82472
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commodity Buyer II in Chicago, IL. The base salary for Commodity Buyer II ranges from $70,662 to $86,703 with the average base salary of $79,023. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $73,034 to $90,343 with the average total cash compensation of $82,472.
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70662
86703

 

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About Chicago, Illinois    Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

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