Inventory / Purchasing Manager Salary

Purchasing Managers in the United States can expect to earn an average of $52K annually. The range in cash compensation to Purchasing Managers ($31K to $80K) includes potential earnings of $10K each from bonuses and profit sharing in exceptional cases. Geography is the biggest factor affecting pay for this group, followed by years of experience. Women are just slightly outnumbered, with male Purchasing Managers making up 54 percent of survey respondents. Most workers in this position report high levels of job satisfaction. A strong majority enjoy medical while more than half get dental coverage. Vision coverage is also available to just over two-fifths. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$35,420 - $81,286
(Median)
$35K
$52K
$81K
MEDIAN: $52,193
10%
50%
90%

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$11.95 - $23.89
(Median)
$12
$17
$24
MEDIAN: $17.00
10%
50%
90%

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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$28K$56K$84K
Salary
$35,420 - $81,286  
   
Bonus
$0.00 - $9,757  
Profit Sharing
$503 - $10,137  
Commission
$5,087  
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).
)
$31,013 - $80,009  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 628
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
$11.95 - $23.89  
   
Overtime
$11.54 - $33.05  
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 - $9,757  
   
Commission
$5,087  
Profit Sharing
$503 - $10,137  
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).
)
$31,013 - $80,009  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | 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 progress into high-paying roles like Director of Supply Chain Management, where median compensation is $122K annually. As Purchasing Managers progress in their field, many go on to become Operations Managers. In fact, this transition is more common than anything else, and pay for the position is usually $59K per year. Another common career choice for Purchasing Managers is to move into an Inventory Control Manager role. Typically, Inventory Control Managers get paid $45K.

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Popular Skills for Inventory / Purchasing Manager


Purchasing Managers report using a diverse set of skills on the job. Most notably, facility with Project Management, Forecasting, and Negotiation are correlated to pay that is significantly above average, leading to increases of 35 percent, 16 percent, and 4 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Purchasing, Order Inventory, and Inventory Management. 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 many Purchasing Managers, extensive experience does not lead to significantly more money. 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 $50K. Purchasing Managers see a median salary of $54K after reaching one to two decades on the job. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $57K.

Pay Difference by Location

National Average: $48,197

Larger city markers indicate a job is popular in that location.

For Purchasing Managers, busy Atlanta offers a higher-than-average pay rate, 59 percent above the national average. Purchasing Managers can also look forward to large paychecks in cities like San Francisco (+54 percent), Dallas (+42 percent), New York (+19 percent), and Columbus (+19 percent). Pittsburgh is the lowest-paying area, 9 percent south of the national average. Two other places where employers offer below-median salaries are Portland (7 percent less) and Tampa (1 percent less).

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.

Related Job Salaries

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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%

Forecasting
up arrow 16%

Negotiation
up arrow 4%

Materials Requirement Planning (MRP)
up arrow 4%

National Average
$48,000

Microsoft Excel
up arrow 2%

Inventory Management
up arrow 4%

Inventory Control
up arrow 4%

Microsoft Office
up arrow 4%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 204 votes.

Gender

Female
46 %
Male
54 %

Years of Experience

Less than 1 year
2%
1-4 years
31%
5-9 years
22%
10-19 years
29%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 59%
medical benefits
Vision: 45%
dental benefits
None: 20%
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