Inventory / Purchasing Manager Salary

Pay for Purchasing Managers in the United States sits in the ballpark of $51K per year. In the world of Purchasing Managers, overall cash allowance can occasionally include more than $9K from bonuses and, in some exceptional cases, $10K from profit sharing, causing incomes to vary widely between $31K and $80K. Geographic location and career length each impact pay for this group, with the former having the largest influence. Women are just slightly outnumbered, with male Purchasing Managers making up 55 percent of survey respondents. Most workers in this position report high levels of job satisfaction. Medical benefits are awarded to a fair number, and the larger part earn dental coverage. This snapshot results from replies to PayScale's salary survey.

$34,761 - $80,926

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$11.84 - $23.84

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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
$34,761 - $80,926  
   
Bonus
$0.00 - $8,919  
Profit Sharing
$959 - $10,026  
Commission
$5,087 - $14,582  
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).
)
$31,124 - $79,677  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 683
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$14$28$42
Hourly Rate
$11.84 - $23.84  
   
Overtime
$9.93 - $31.98  
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$28K$56K$84K
Bonus
$0.00 - $8,919  
   
Commission
$5,087 - $14,582  
Profit Sharing
$959 - $10,026  
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).
)
$31,124 - $79,677  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 292
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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 Director of Supply Chain Management. The latter position pays an average of $120K annually. The most common promotion for Purchasing Managers is Operations Manager, a position that typically pays $59K annually. Another standard transition for Purchasing Managers seeking advancement is to assume an Inventory Control Manager role, where pay is often $45K.

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Popular Skills for Inventory / Purchasing Manager


Purchasing Managers seem to require a number of specific skills. Most notably, facility with Project Management, Negotiation, and Materials Requirement Planning (MRP) are correlated to pay that is significantly above average, leading to increases of 35 percent, 5 percent, and 3 percent, respectively. Skills that are correlated to lower pay, on the other hand, 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.


For many Purchasing Managers, extensive experience does not lead to significantly more money. Salaries for the relatively untried average out to around $41K, but survey participants with five to 10 years of experience earn a significantly higher median of $49K. For Purchasing Managers, 10 to 20 years of experience on the job amounts to an average salary of $54K. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $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.

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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 35%


Materials Requirement Planning (MRP)
up arrow 3%

Microsoft Excel
0%

National Average
$48,000

Microsoft Office
up arrow 3%

Inventory Management
up arrow 4%




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 215 votes.

Gender

Female
45 %
Male
55 %

Years of Experience

Less than 1 year
2%
1-4 years
30%
5-9 years
24%
10-19 years
28%
20 years or more
16%

Common Health Benefits

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