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Commodity specialist skills for your resume and career

Updated January 8, 2025
4 min read
Below we've compiled a list of the most critical commodity specialist skills. We ranked the top skills for commodity specialists based on the percentage of resumes they appeared on. For example, 10.2% of commodity specialist resumes contained supplier performance as a skill. Continue reading to find out what skills a commodity specialist needs to be successful in the workplace.

15 commodity specialist skills for your resume and career

1. Supplier Performance

Supplier performance refers to practices aimed at optimizing a supplier's performance and capabilities.

Here's how commodity specialists use supplier performance:
  • Developed and implemented supplier continuous quality improvement plans including SSQA audits and standardized Supplier Report Cards to track supplier performance.
  • Developed and implemented commodity improvement plans to improve supplier performance and insure new product launch requirements were met.

2. Commodities

Here's how commodity specialists use commodities:
  • Managed relationships with high net worth institutional accounts; quoted prices and provided real-time trading activity information for commodities.
  • Provide subject matter expertise regarding commercial and technology market trends for strategic commodities.

3. Purchase Orders

Here's how commodity specialists use purchase orders:
  • Created and executed appropriate procurement documents, including blanket and purchase orders.
  • Placed purchase orders with vendors and manufacturers for delivery to warehouses.

4. RFQ

A request for quotation (RFQ) is a document that a corporation submits to one or more potential suppliers obtaining quotations for a service or product. Typically, an RFQ seeks a detailed list of prices for something that is measurable like hardware and it involves more than the price per item. RFQ, call for bids and invitation for bid generally mean the same thing.

Here's how commodity specialists use rfq:
  • Reviewed BOM, specification, drawing and quality requirement for preparing preliminary of RFQ.
  • Standardized and computerized vendor RFQ's and Consultant's Master Contract.

5. Strategic Sourcing

Here's how commodity specialists use strategic sourcing:
  • Utilized strategic sourcing methodologies and technologies in identifying opportunities, developing RFP's, managing sourcing selection process and negotiating/developing contracts.
  • Lead strategic sourcing projects on multiple product lines with departmental teams.

6. Chain Management

Here's how commodity specialists use chain management:
  • Maintained inventory for multiple warehouse locations, through a central-supply chain management process.
  • Maintain inventory levels, supply chain management.

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7. On-Time Delivery

On-Time Delivery, or OTD, is a metric that measures the rate at which finished goods and deliveries are completed on time. This rate is measured by the overall number of units shipped within a specified time frame agreed upon by the consumer and supplier. On-Time Delivery allows suppliers' compliance with delivery deadlines, and hence their consistency, to be assessed using a continuous and collaborative development approach.

Here's how commodity specialists use on-time delivery:
  • Worked with suppliers to consistently meet on-time delivery and cost reduction requirements.
  • Exceeded expectations in on-time delivery and attention to detail.

8. RFP

RFP stands for request for proposal and is a document that contains details about a project or bids from contractors who are responsible for completing the project.
Here's how commodity specialists use rfp:
  • Prepared RFP's, reviewed proposals and conducted negotiations.
  • Develop and maintain strategic alliances supporting RFP process, distributor contract negotiations, distributor and supplier partnerships and supply continuity.

9. Continuous Improvement

Continuous improvement is an ongoing process of improvement of products, services, and processes with the help of innovative ideas. It is an organized approach that helps an organization to find its weaknesses and improve them.

Here's how commodity specialists use continuous improvement:
  • Coordinated continuous improvement activities as assigned
  • Participated in Oracle continuous improvement teams, obtaining productivity enhancements.

10. Cost Reduction

Here's how commodity specialists use cost reduction:
  • Identified and aligned partnerships with key suppliers achieving cost reduction, contract negotiations and program support for internal manufacturing locations.
  • Initiated and maintained both external and internal communications and developed plans for better negotiations and cost reduction.

11. Supplier Selection

Here's how commodity specialists use supplier selection:
  • Owned comprehensive supplier selections including creation of selection criteria.
  • Provide suggestions for vendor/supplier selection.

12. ERP

Enterprise Resource Planning (ERP) is computer software used by major corporations and organizations for conducting their management and accounting tasks efficiently. ERP systems bind different business processes with each other allowing smoother flow of data between them resulting in swift project assessment and completion.

Here's how commodity specialists use erp:
  • Conceptualized ERP system to track natural gas WACOG report.
  • Performed data mining activities within two ERP systems.

13. Lean Six Sigma

Here's how commodity specialists use lean six sigma:
  • Utilized Lean Six Sigma skills to improve operations by 80% and over $500,000 in savings.
  • Reduced cargo claims from $2.5M to $1.4M through lean six sigma process improvement initiatives.

14. Sigma

In Greek alphabets, sigma is the 18th letter that means "to sum up". In statistics, the lower case symbol of sigma is the unit of measurement for standard deviation which is used to assess the variability in a given set of data. While the upper case symbol is for summation notation means to add up all the given numbers in the data set.

Here's how commodity specialists use sigma:
  • Co-directed supplier based teams on Six Sigma Black Belt projects to achieve eliminating quality/capacity constraints.
  • Lead Six Sigma Green Belt Projects to improve process, develop supplier quality, and negotiate long term agreements.

15. Commodity Strategies

Here's how commodity specialists use commodity strategies:
  • Created and executed commodity strategies for cabinet component parts; optimizing the supply base to achieve targeted savings.
  • Implemented commodity strategies realizing cost savings (avg.
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List of commodity specialist skills to add to your resume

Commodity specialist skills

The most important skills for a commodity specialist resume and required skills for a commodity specialist to have include:

  • Supplier Performance
  • Commodities
  • Purchase Orders
  • RFQ
  • Strategic Sourcing
  • Chain Management
  • On-Time Delivery
  • RFP
  • Continuous Improvement
  • Cost Reduction
  • Supplier Selection
  • ERP
  • Lean Six Sigma
  • Sigma
  • Commodity Strategies
  • Logistics
  • Supplier Management
  • Customer Satisfaction
  • Product Development
  • Spend Analysis
  • Contract Terms
  • Cost Analysis
  • Long-Term Agreements
  • MRP
  • Supplier Relationships
  • Payment Terms
  • Supplier Audits
  • Global Sourcing
  • Contract Negotiations
  • Quality Issues
  • Lean Manufacturing
  • OTD
  • Business Reviews
  • Procurement Strategies
  • OEM
  • Electrical Components
  • R
  • ISO
  • MRO
  • NPI
  • Inventory Control
  • Supplier Contracts
  • PPV
  • BOM
  • Buy Analysis
  • Circuit Boards
  • Strategic Suppliers
  • Process Improvement

Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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