Sr Sourcing Manager, OB F&B Commodities

Target • Minneapolis, MN

2d • $95,000 - $171,000

About The Position

The Sr. Manager, Commodity Management supports Owned Brands (OB) Food & Beverage Sourcing by leading commodity strategies that deliver cost optimization, supply assurance, and risk mitigation across key raw material categories. This role applies deep market insight, should-cost modeling, and supplier collaboration to enable competitive, safe, and reliable OB F&B products. Partnering closely with OB F&B sourcing leaders and cross-functional stakeholders, the Sr. Manager assesses market conditions, manages supplier and material risk, and supports complex sourcing and negotiation strategies. Through strong analytical rigor and executive-ready communication, this role translates commodity performance, risks, and opportunities into clear recommendations that protect supply continuity and support Owned Brands growth.

Requirements

• Bachelor’s degree in Supply Chain, Business, Economics, or related field
• 6-8 years of experience in strategic sourcing, commodity management, or supply chain roles
• Demonstrated experience with should-cost analysis, cost modeling, and total cost of ownership evaluation
• Strong understanding of commodity market volatility and supply risk factors
• Proven ability to influence stakeholders and lead complex negotiations
• Strong analytical, communication, and interpersonal skills
• Ability to operate effectively in a fast-paced, matrixed environment

Responsibilities

• Lead the development and execution of commodity strategies supporting Owned Brands Food & Beverage, balancing cost, quality, service, and supply risk
• Identify and deliver raw material cost reduction and supply assurance initiatives aligned to Owned Brands product and sourcing priorities
• Analyze market dynamics, ingredient cost drivers, and supply risks (capacity constraints, volatility, geopolitical exposure) to inform OB F&B sourcing strategies
• Oversee should-cost modeling, benchmarking, and opportunity assessments for key ingredients and materials to support pricing transparency and negotiations
• Lead supplier and ingredient sourcing initiatives, ensuring contracts include appropriate commercial, quality, food safety, and risk protections
• Define and implement risk mitigation strategies (e.g., dual sourcing, alternate ingredients, inventory strategies) to protect continuity of OB F&B supply
• Partner with Owned Brands sourcing leaders and cross-functional teams (Quality, Food Safety, Regulatory, Finance) to align on strategy and risk mitigation plans
• Communicate commodity performance, ingredient risks, and recommendations to senior leadership through clear, actionable reporting

Benefits

• In addition to your pay, Target cares about and invests in you as a team member, so that you can take care of yourself and your family.
• Target offers eligible team members and their dependents comprehensive health benefits and programs, which may include medical, vision, dental, life insurance and more, to help you and your family take care of your whole selves.
• Other benefits for eligible team members include 401(k), employee discount, short term disability, long term disability, paid sick leave, paid national holidays, and paid vacation.
• Find competitive benefits from financial and education to well-being and beyond at https://corporate.target.com/careers/benefits.
• We care about and invest in you as a team member, so that you can take care of yourself and your family.
• Target offers eligible team members and their dependents comprehensive health benefits and programs, which may include medical, vision, dental, life insurance and more, to help you and your family take care of your whole selves.
• Other benefits for eligible team members include 401(k), employee discount, short term disability, long term disability, paid sick leave, paid national holidays, and paid vacation.
• Find competitive benefits from financial and education to well-being and beyond at https://corporate.target.com/careers/benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees