Inventory / Purchasing Manager Salary

Median pay for Purchasing Managers in the United States is around $52K annually. Total cash compensation to Purchasing Managers approaches anywhere from $32K on the lower end to $78K on the higher end; in exceptional cases, this can include more than $10K from bonuses and upwards of $9K from profit sharing. Location is the biggest factor affecting pay for this group, followed by years of experience. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 53 percent. Some workers in this field — approximately one-fourth — are not awarded benefits. Medical coverage is reported by a strong majority and dental plans are enjoyed by slightly more than half. Job satisfaction is reported as high by the vast majority of workers. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$36,024 - $80,353
$36K
$52K
$80K
MEDIAN: $52,204
10%
50%
90%

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$12.94 - $23.60
$13
$18
$24
MEDIAN: $17.54
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$27K$54K$81K
Salary
$36,024 - $80,353  
   
Bonus
$50.87 - $9,663  
Profit Sharing
$0.00 - $8,940  
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).
)
$31,673 - $77,602  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 395
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$13$26$39
Hourly Rate
$12.94 - $23.60  
   
Overtime
$19.87 - $33.84  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$26K$52K$78K
Bonus
$50.87 - $9,663  
   
Commission
$5,000  
Profit Sharing
$0.00 - $8,940  
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).
)
$31,673 - $77,602  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 202

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United States (change)

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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.

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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


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Though not the most common occurrence, Purchasing Managers sometimes become Directors of Supply Chain Management, where the average income is $122K per year. The most common career progression for Purchasing Managers leads to becoming an Operations Manager, where average pay is $59K annually. However, many Purchasing Managers also opt to become Inventory Control Managers. Typically, an Inventory Control Manager brings home $45K.

Purchasing Manager Job Listings

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Popular Skills for Inventory / Purchasing Manager


Survey results imply that Purchasing Managers deploy a deep pool of skills on the job. Most notably, facility with Procurement, Project Management, and Forecasting are correlated to pay that is significantly above average, leading to increases of 84 percent, 37 percent, and 25 percent, respectively. Skills that pay less than market rate include Purchasing, Order Inventory, and Inventory Control. For most people, competency in Inventory Control indicates knowledge of 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: $47,429

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

Atlanta is home to an above-average pay rate for Purchasing Managers, 64 percent higher than the national average. Purchasing Managers can also look forward to large paychecks in cities like San Francisco (+56 percent), Tampa (+33 percent), Denver (+20 percent), and New York (+19 percent). Place of residence plays a huge part in a Purchasing Manager's salary, with San Diego Purchasing Managers earning salaries that are 25 percent less than the national average. Below-median salaries also turn up in Seattle and Pittsburgh (9 percent lower and 8 percent lower, respectively).

Inventory / Purchasing Manager Reviews

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

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

Highly satisfied
Rated 4 out of 5
based on 124 votes.
Less than 1 year
1%
1-4 years
31%
5-9 years
24%
10-19 years
26%
20 years or more
18%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Inventory / Purchasing Manager Salaries

▲13%

▲12%

▲4%

National Average
$47,000

▼14%

Skills That Affect Inventory / Purchasing Manager Salaries

Procurement
▲84%

Project Management
▲37%

Forecasting
▲25%


▲5%


Microsoft Excel
▼0%

National Average
$47,000




▼10%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 124 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
1%
1-4 years
31%
5-9 years
24%
10-19 years
26%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 74%
dental benefits
Dental: 55%
vision benefits
Vision: 43%
no benefits
None: 24%