Director of Materials Management, Hospital Salary
Directors of Hospital Materials Management in the United States with more than 10 years of experience in their profession represent just under three-fifths of Directors of Hospital Materials Management. Salaries average out to around $77K per year and spread from $37K to $118K per year. Location and career duration each impact pay for this group, with the former having the largest influence. Men make up a slight majority of Directors of Hospital Materials Management (56 percent) who responded to the survey. Job satisfaction is high and work is enjoyable for most Directors of Hospital Materials Management. A fair number have medical and dental plans, and a strong majority have vision insurance. Respondents to the PayScale salary survey provided the data for this report.
|Salary||$45,671 - $118,764|
|Bonus||$979 - $19,574|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$37,222 - $117,582|
|Hourly Rate||$11.11 - $26.79|
|Bonus||$979 - $19,574|
|Total Pay (||$37,222 - $117,582|
Job Description for Director of Materials Management, Hospital
Hospitals require large amounts of supplies from medicines to equipment to furniture and food. The director of materials management in a hospital typically supervises purchasing decisions within their facility. The director helps to ensure that the various purchasing and materials management groups within the hospital operate efficiently, as well as controls unnecessary spending while ensuring that all supplies needed by staff are available.Read More...
Typically, directors of materials management will divide these operations into separate inventory, usage, and purchasing processes. In terms of inventory, the director focuses on inventory processes and potential errors and miscalculations. For usage, they review inventories over daily, weekly and monthly periods to assess needs and pars within the hospital. For purchasing, the director typically focuses not only on efficient ordering, but also managing vendor relationships. The director typically works with purchasing managers to find the best quality products at the best prices. Additionally, these directors typically create reports for the hospital's board regarding materials management.
Because the position is at the executive level, it generally requires at least a bachelor's degree in business or a related field, as well as postgraduate study in healthcare management. A director of materials management in a hospital typically works in an office environment, although they are likely to spend time inspecting warehouse and storage areas and performing field visits. Travel is also a frequent requirement for this position.
Director of Materials Management, Hospital Tasks
- Review and forward to senior management requests for orders of special supplies.
- Serve as the primary contact for vendors, evaluate potential new vendors, and lead vendor contract negotiations.
- Set policies and procedures for supply management and implement measures to reduce costs.
- Manage the hospital's supply chain, placement of supply orders, inventory levels, and distribution of supplies.
Common Career Paths for Director of Materials Management, Hospital
Director of Materials Management, Hospital Job Listings
Pay by Experience Level for Director of Materials Management, Hospital
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Although individuals who have less than five years' experience earn $54K on average, people with five to 10 years benefit from a notably larger average of $72K. People with 10 to 20 years of experience make an average of about $71K in this role. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $80K, which is substantially larger than the medians reported by folks with fewer years on their resumes.
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