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Inventory / Purchasing Manager Salary

Earnings for Purchasing Managers in the United States come in at around $51K annually on average. Total cash compensation to Purchasing Managers ranges from $31K on the lower end to $79K on the higher end; the final number includes potential for approximately $10K each from bonuses and profit sharing in exceptional cases. Geographic location is the biggest factor affecting pay for this group, followed by experience level. Men working as Purchasing Managers who took the survey just slightly outnumber women at 57 percent. The majority of Purchasing Managers claim high levels of job satisfaction. Medical benefits are awarded to most, and more than half earn dental coverage. Participants in PayScale's salary questionnaire provided the particulars of this report.
$34,596 - $79,056
(Median)
35K
42K
51K
64K
79K
MEDIAN: $51,274
10%
25%
50%
75%
90%

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$11.26 - $23.71
(Median)
11
14
17
20
24
MEDIAN: $16.00
10%
25%
50%
75%
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
$34,596 - $79,056  
   
Bonus
$0.00 - $9,635  
Profit Sharing
$897 - $9,841  
Commission
$700 - $15,170  
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).
)
$30,704 - $78,844  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 864
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
$11.26 - $23.71  
   
Overtime
$14.25 - $31.79  
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 - $9,635  
   
Commission
$700 - $15,170  
Profit Sharing
$897 - $9,841  
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).
)
$30,704 - $78,844  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 313
United States (change)

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' salaries may rise greatly for those who assume a higher-end position such as a Purchasing Director. The average Purchasing Director bring home $84K per year. More often than not, Operations Manager role is the next step for Purchasing Managers moving up in the field. Operations Managers usually make $58K per year. Many other Purchasing Managers choose to take on an Office Manager role, where salaries are typically $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. Most notably, skills in Negotiation, Materials Requirement Planning, Microsoft Excel, and Microsoft Office are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Purchasing, Order Inventory, and Inventory Control. Most people familiar with 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.


Experience does not seem to be a strong driver of pay increase in this role. Survey participants with less than five years' experience pocket $41K on average, but those with five to 10 years of experience enjoy a much bigger median of $50K. Purchasing Managers bring in $54K after working for 10 to 20 years. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $61K, demonstrating that compensation is roughly commensurate with experience in the end.

Related Job Salaries

Experience Affects Inventory / Purchasing Manager Salaries




National Average
$49,000


Skills That Affect Inventory / Purchasing Manager Salaries


Materials Requirement Planning (MRP)
up arrow 3%

Microsoft Excel
up arrow 1%

National Average
$49,000

Microsoft Office
up arrow 3%




Purchasing
up arrow 11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 275 votes.

Gender

Female
43 %
Male
57 %

Years of Experience

Less than 1 year
2%
1-4 years
31%
5-9 years
23%
10-19 years
28%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 81% dental benefits Dental: 61%
vision benefits Vision: 45% employee benefits None: 17%