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Inventory / Purchasing Manager Salary

For Purchasing Managers, yearly average wages total $51K annually. Final incomes of Purchasing Managers generally vary between $31K and $79K; more lucrative packages include potential for bonuses, profit sharing, and commissions — occasionally as high as $10K each for the first two and $15K for the last. Geography is the biggest factor affecting pay for this group, followed by experience level. Men make up a slight majority of Purchasing Managers (56 percent) who responded to the survey. Medical benefits are awarded to a strong majority, and a majority earn dental coverage. The majority of workers are highly satisfied with their job. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$34,528 - $79,839
(Median)
$35K
$51K
$80K
MEDIAN: $51,117
10%
50%
90%

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$11.59 - $23.98
(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
$34,528 - $79,839  
   
Bonus
$0.00 - $9,742  
Profit Sharing
$888 - $9,794  
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).
)
$31,151 - $79,304  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 766
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
$11.59 - $23.98  
   
Overtime
$10.30 - $32.08  
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 - $9,742  
   
Commission
$405.47 - $15,280  
Profit Sharing
$888 - $9,794  
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).
)
$31,151 - $79,304  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 299

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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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At the upper end, Purchasing Managers who move into a Purchasing Director role can end up with a hefty increase in pay. The average income for Purchasing Directors is a much higher $84K per year. An Operations Manager role is the most common promotion for Purchasing Managers moving up the ladder, and pay for the position tends to be around the $59K mark. Another typical, albeit less common, transition for Purchasing Managers is an Office Manager position, where earnings are usually $35K.

Purchasing Manager Job Listings

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Popular Skills for Inventory / Purchasing Manager


Purchasing Managers report using a diverse set of skills on the job. Lucky workers who know Project Management can expect a significant pay bump, scoring salaries 34 percent above average. Materials Requirement Planning (MRP) and Negotiation are also correlated to pay that is above average, with increases between 5 percent and 34 percent. Skills that pay less than market rate include Purchasing, Order Inventory, and Inventory Control. Most people experienced in 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.


For Purchasing Managers, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. 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 with one to two decades of relevant experience report an average salary of approximately $54K. As Purchasing Managers reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $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

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Experience Affects Inventory / Purchasing Manager Salaries




National Average
$48,000


Skills That Affect Inventory / Purchasing Manager Salaries

Project Management
up arrow 34%



Microsoft Excel
0%

National Average
$48,000

Microsoft Office
up arrow 3%




Purchasing
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 252 votes.

Gender

Female
44 %
Male
56 %

Years of Experience

Less than 1 year
2%
1-4 years
30%
5-9 years
23%
10-19 years
29%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 80% dental benefits Dental: 60%
vision benefits Vision: 44% employee benefits None: 18%