Inventory / Purchasing Manager Salary

Purchasing Managers in the United States can expect to earn an average of $51K per year. Including potential for bonuses and profit sharing — peaking near $9K and $10K, respectively — total cash payment to Purchasing Managers can bottom out near $31K or peak near $80K depending on individual performance. Residence and years of experience each impact pay for this group, with the former having the largest influence. Male Purchasing Managers are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 55 percent of the field. Job satisfaction for Purchasing Managers is high. A fair number enjoy medical while the greater part get dental coverage. Vision coverage is also available to more than two-fifths. The data for this synopsis comes from respondents who took the PayScale salary survey.

$34,795 - $80,812
(Median)
$35K
$51K
$81K
MEDIAN: $51,365
10%
50%
90%

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$11.82 - $24.03
(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
$34,795 - $80,812  
   
Bonus
$0.00 - $8,757  
Profit Sharing
$750 - $9,899  
Commission
$5,420 - $13,500  
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).
)
$31,080 - $79,513  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 689
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
$11.82 - $24.03  
   
Overtime
$9.93 - $31.98  
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 - $8,757  
   
Commission
$5,420 - $13,500  
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).
)
$31,080 - $79,513  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 294
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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. Going from Purchasing Manager to Operations Manager is the transition that occurs most often in this field, where the paychecks are $59K. Many others choose to work as Inventory Control Managers, where pay is typically $45K.

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Popular Skills for Inventory / Purchasing Manager


Purchasing Managers report using a wide range of professional 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 34 percent, 5 percent, and 4 percent, respectively. Skills that seem to negatively impact pay 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.


Purchasing Managers with a lot of experience do not necessarily enjoy more money. Salaries of relatively inexperienced workers fall in the neighborhood of $41K, but folks who have racked up five to 10 years see a notably higher median of $49K. Purchasing Managers see a median salary of $53K after reaching one to two decades on the job. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $60K.

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 3%




Purchasing
up arrow 12%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 228 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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