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Inventory / Purchasing Manager Salary

Median pay for Purchasing Managers in the United States lies in the neighborhood of $51K annually. With some bonuses and profit sharing proceeds approaching $10K each, total incomes of Purchasing Managers generally range from $31K to $80K depending on individual performance. Geography is the biggest factor affecting pay for this group, followed by years of experience. Men working as Purchasing Managers who took the survey just slightly outnumber women at 56 percent. Most Purchasing Managers like their work and job satisfaction is high. Medical benefits are awarded to a strong majority, and more than half earn dental coverage. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$34,922 - $80,717
(Median)
$35K
$51K
$81K
MEDIAN: $51,408
10%
50%
90%

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$11.71 - $23.96
(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
$34,922 - $80,717  
   
Bonus
$0.00 - $9,606  
Profit Sharing
$750 - $9,899  
Commission
$402.68 - $15,319  
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 - $79,721  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 731
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
$11.71 - $23.96  
   
Overtime
$10.30 - $31.83  
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 - $9,606  
   
Commission
$402.68 - $15,319  
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).
)
$31,151 - $79,721  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 301
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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 progress into high-paying roles like Purchasing Director, where median compensation is $84K annually. 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 Inventory Control Manager position, where earnings are usually $45K.

Purchasing Manager Job Listings

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Popular Skills for Inventory / Purchasing Manager


Survey results imply that Purchasing Managers put a diverse skill set to use. 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 34 percent, 5 percent, and 4 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

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


Purchasing Managers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. 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. After working for 10 to 20 years, Purchasing Managers make a median salary of $53K. 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.

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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%


Materials Requirement Planning (MRP)
up arrow 4%

National Average
$48,000

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 239 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
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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