Inventory / Purchasing Manager Salary

The average Purchasing Manager in the United States earns approximately $52K per year. Overall cash earnings for Purchasing Managers stretch from $32K on the lower end to $76K near the top, and the heftiest packages can encompass around $10K from bonuses and $6K from profit sharing. Geographic location and career length each impact pay for this group, with the former having the largest influence. Job satisfaction is high and work is enjoyable for most Purchasing Managers. Some workers in this field — slightly more than a fifth — are not awarded benefits. Medical coverage is reported by a fair number and dental plans are enjoyed by the larger part. Women make up a slight majority of Purchasing Managers (53 percent) survey respondents. Respondents to the PayScale salary survey provided the data for this report.

$36,543 - $79,344
$37K
$52K
$79K
MEDIAN: $52,137
10%
50%
90%

Add this chart to your site: 640px    300px

$13.10 - $24.04
$13
$18
$24
MEDIAN: $17.74
10%
50%
90%

Add this chart to your site: 640px    300px

$0$79K
Salary $36,543 - $79,344
Bonus $98.26 - $9,876
Profit Sharing $0.00 - $6,040
Commission $5,000
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).
)
$31,759 - $76,094
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 437
Hourly Data $0$33
Hourly Rate $13.10 - $24.04
Hourly Tips $1.64
Overtime $18.79 - $33.92
Annual Data $0$76K
Bonus $98.26 - $9,876
Commission $5,000
Profit Sharing $0.00 - $6,040
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).
)
$31,759 - $76,094
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 225

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

Job Description for Inventory / Purchasing Manager

An inventory or purchasing manager is a supervisor that is responsible for managing the inventory for their organization. They are responsible for buying supplies, materials, and parts for the job they are tasked to complete. The purchasing they oversee may be routine, it may change frequently, or it may involve a mix of both. Depending on the employer, the inventory or purchasing manager may work with a team (in which they ensure that the inventory and purchasing needs of the company are met) or they may perform this work independently.

Read More...

Inventory / Purchasing Manager Tasks

  • Manage and direct employees involved in the buying, selling or distributions aspects of a company.
  • Analyze and implement purchasing processes and delivery systems.
  • Negotiate purchasing contracts and policies with respective suppliers.

Common Career Paths for Inventory / Purchasing Manager


Add this chart to your site:   640px 640px    300px 300px


Though not the most common occurrence, Purchasing Managers sometimes become Directors of Supply Chain Management, where the average income is $122K per year. Becoming an Operations Manager is, more often than not, the most common role that Purchasing Managers move into when they're ready for the next step in their career. The average salary for the position is $59K. Another frequent advance is for Purchasing Managers to assume an Inventory Control Manager role; in this role, workers often earn $45K.

Inventory / Purchasing Manager Job Listings

Popular Skills for Inventory / Purchasing Manager


Survey results imply that Purchasing Managers deploy a substantial tool kit of skills at work. Most notably, facility with Procurement, Project Management, and Forecasting are correlated to pay that is significantly above average, leading to increases of 81 percent, 35 percent, and 24 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Purchasing, Order Inventory, and Inventory Control. Most people who know Inventory Control also know Microsoft Excel and Materials Requirement Planning (MRP).

Pay by Experience Level for Inventory / Purchasing Manager

Pay by Experience for an Inventory / Purchasing Manager has a positive trend. An entry-level Inventory / Purchasing Manager with less than 5 years of experience can expect to earn an average total compensation of $41,000 based on 247 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Inventory / Purchasing Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $49,000 based on 195 salaries. An experienced Inventory / Purchasing Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $53,000 based on 193 salaries. An Inventory / Purchasing Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $54,000 based on 109 salaries.

Pay Difference by Location

National Average: $48,006

Larger city markers indicate a job is popular in that location.

With a pay rate for Purchasing Managers that is 62 percent greater than the national average, Atlanta offers a comfortable salary for those in this profession. Purchasing Managers will also find cushy salaries in San Francisco (+54 percent), Tampa (+31 percent), Denver (+18 percent), and New York (+18 percent). Place of residence plays a huge part in a Purchasing Manager's salary, with San Diego Purchasing Managers earning salaries that are 26 percent less than the national average. Employers in Seattle and Pittsburgh also lean toward paying below-median salaries (10 percent lower and 9 percent lower, respectively).

Inventory / Purchasing Manager Reviews

Q: What is it like working as an Inventory / Purchasing Manager?

Inventory / Purchasing Manager in 62521:
"Loven It."
Pros: I love my job. I wear more then one hat and its all about working and organizing numbers.
Cons: Insecurity of a new company making it.

Inventory / Purchasing Manager in Richmond:
Pros: The people that I work with. Learning about a new industry.
Cons: Constant addition of duties without extra compensation. The feeling of being set up to fail.

Inventory / Purchasing Manager in Reno:
"Great."
Pros: I love the challenge. The ability to use my brain and purchase inventory to keep the business going. I feel important in my position.
Cons: How hectic the job requirements tend to be.

Related Job Salaries

Key Stats for Inventory / Purchasing Manager

Gender

Female
53 %
Male
47 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 148 votes.
Less than 1 year
1%
1-4 years
30%
5-9 years
24%
10-19 years
26%
20 years or more
19%
ADVERTISEMENT
Location:
Years in Fields/Career:
United States (change)

Experience Affects Inventory / Purchasing Manager Salaries

▲12%

▲11%

▲3%

National Average
$48,000

▼15%

Skills That Affect Inventory / Purchasing Manager Salaries

Procurement
▲81%

Project Management
▲35%

Forecasting
▲24%


▲3%


National Average
$48,000

Microsoft Excel
▼2%




▼11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 148 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
1%
1-4 years
30%
5-9 years
24%
10-19 years
26%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 75%
dental benefits
Dental: 56%
vision benefits
Vision: 45%
no benefits
None: 23%
ADVERTISEMENT