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Inventory / Purchasing Manager Salary

Median pay for Purchasing Managers in the United States lies in the neighborhood of $51K per year. Overall cash earnings of Purchasing Managers stretch from $31K near the bottom to $80K at the top, and the heftiest packages can encompass around $10K each from bonuses and profit sharing. Geographic location and experience level each impact pay for this group, with the former having the largest influence. The majority of workers are highly satisfied with their job. A fair number report receiving medical coverage from their employers and a majority collect dental insurance. Men working as Purchasing Managers who took the survey just slightly outnumber women at 57 percent. The numbers in this rundown were provided by PayScale's salary survey participants.

$34,850 - $80,756
(Median)
$35K
$51K
$81K
MEDIAN: $51,487
10%
50%
90%

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$11.69 - $24.00
(Median)
$12
$17
$24
MEDIAN: $17.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$27K$54K$81K
Salary
$34,850 - $80,756  
   
Bonus
$0.00 - $9,758  
Profit Sharing
$750 - $9,899  
Commission
$405.47 - $15,280  
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).
)
$31,298 - $80,071  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 742
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$14$28$42
Hourly Rate
$11.69 - $24.00  
   
Overtime
$10.14 - $32.14  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$28K$56K$84K
Bonus
$0.00 - $9,758  
   
Commission
$405.47 - $15,280  
Profit Sharing
$750 - $9,899  
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).
)
$31,298 - $80,071  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 297

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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

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

Common Career Paths for Inventory / Purchasing Manager


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Purchasing Managers may experience a large salary bump if they progress into a role such as Purchasing Director. The latter position pays an average of $84K annually. 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 Office Manager role; in this role, workers often earn $35K.

Purchasing Manager Job Listings

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Popular Skills for Inventory / Purchasing Manager


Purchasing Managers report using a wide range of professional skills. Lucky workers who know Project Management can expect a significant pay bump, scoring salaries 33 percent above average. Negotiation and Materials Requirement Planning (MRP) are also correlated to pay that is above average, with increases between 4 percent and 33 percent. Skills that seem to negatively impact pay include Purchasing, Order Inventory, and Inventory Control. The majority of those who know Inventory Control also know Microsoft Excel and Materials Requirement Planning (MRP).

Pay by Experience Level for Inventory / Purchasing Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience and pay tend to be weakly linked for Purchasing Managers — those with more experience do not necessarily bring in higher earnings. Relatively untried employees who have less than five years' experience make $41K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $49K. Purchasing Managers bring in $54K after working for 10 to 20 years. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $59K.

Inventory / Purchasing Manager Reviews

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

United States (change)

Experience Affects Inventory / Purchasing Manager Salaries




National Average
$49,000


Skills That Affect Inventory / Purchasing Manager Salaries

Project Management
up arrow 33%

Materials Requirement Planning (MRP)
up arrow 4%

Negotiation
up arrow 4%

National Average
$49,000

Microsoft Excel
up arrow 1%

Microsoft Office
up arrow 4%




Purchasing
up arrow 11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 241 votes.

Gender

Female
43 %
Male
57 %

Years of Experience

Less than 1 year
2%
1-4 years
30%
5-9 years
23%
10-19 years
28%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 79% dental benefits Dental: 60%
vision benefits Vision: 45% employee benefits None: 18%
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