A role that acts as a conduit between commodity traders, commodity marketers and company administration.
What responsibilities will I have?
- Ensure that accurate pricing for goods and services is provided to purchasing and sales staff
- Lead design and management of price tests as well as customer segmentation to tailor pricing actions based on expected behavior of pricing segments
- Provide daily summaries of products purchased and sold
- Manage third party vendor relationships for competitor monitoring and consumer research
- Work with other teams (ex. Marketing, sales, sourcing etc.) to ensure that business needs for pricing and cost communication are met
- Ensure that the systems required for data support are checked and confirmed daily
- Provide feedback to merchants and sales managers regarding competitor activity
- Continually review feedback for selling and purchasing opportunities
- Review costs to lessen price discrepancies
What education and training is required?
An associate’s or bachelor’s degree in agricultural business finance or accounting is required to be a pricing coordinator.
To pursue a career as pricing coordinator:
The following high school courses are recommended: agricultural education, Spanish, mathematics, and personal finance.
Where can I work?
As a pricing coordinator you can work for any organization that sells a product or service to drive pricing decisions and monitor sales. Typically larger companies have someone in a dedicated role of pricing coordinator.
Future Job Market/Outlook
The future outlook for a pricing coordinator will be good over the next five years.
Suggested Professional Organizations and Associations
- Professional Pricing Society
- National FFA Alumni Association
- North American Export Grain Association
- American Farm Bureau Federation