Inventory / Purchasing Manager Salary

Purchasing Managers in the United States pull down an average of $51K per year. With some bonuses approaching $9K and certain profit sharing proceeds approaching $10K, overall incomes of Purchasing Managers spread between $31K and $80K depending on individual performance. Residence and career length each impact pay for this group, with the former having the largest influence. Men make up a slight majority of Purchasing Managers (55 percent) who responded to the survey. A fair number report receiving medical coverage from their employers and the greater part collect dental insurance. Job satisfaction for Purchasing Managers is high. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$34,616 - $80,875
(Median)
$35K
$51K
$81K
MEDIAN: $51,346
10%
50%
90%

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$11.85 - $23.93
(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
$34,616 - $80,875  
   
Bonus
$0.00 - $8,819  
Profit Sharing
$515 - $9,933  
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).
)
$30,986 - $79,589  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 685
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
$11.85 - $23.93  
   
Overtime
$10.07 - $31.92  
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 - $8,819  
   
Commission
$5,087 - $14,582  
Profit Sharing
$515 - $9,933  
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).
)
$30,986 - $79,589  
Country: United States | Currency: USD | Updated: 2 Jul 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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For Purchasing Managers, progressing to a Director of Supply Chain Management role may result in a significant raise. On average, a Director of Supply Chain Management can earn $120K annually. 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


Overall, survey participants reported applying a fair number of skills to their work. Most notably, facility with Project Management and Negotiation are correlated to pay that is significantly above average, leading to increases of 35 percent and 5 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Purchasing, Order Inventory, and Inventory Control. Those familiar with Inventory Control also tend to 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, experience does not seem to be a major factor in determining pay. Although individuals who have less than five years' experience earn $41K on average, people with five to 10 years benefit from a notably larger average of $49K. Purchasing Managers claiming one to two decades of experience make an estimated median of $53K. 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 35%


Materials Requirement Planning (MRP)
up arrow 3%

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 223 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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