Materials Manager Salary
Job Description for Materials Manager
The materials manager oversees the intake and distribution of all components and materials used by organizations. They are responsible for delegating tasks to subordinates and overseeing the completion of these tasks. The materials manager also maintains inventory levels to meet demand, as well as oversees purchasing and the shipping and receiving process. The materials manager must create and maintain relationships with suppliers. This incudes scheduling regular audits of the approved suppliers and materials. They maintain proper documentation and must have excellent record-keeping skills. The materials manager also oversees employee training and the documenting training performance.Read More...
This job primarily is performed in a warehouse environment with infrequent, light travel as needed. The materials manager typically works during a business' regular hours, although overtime may be needed depending on shipping dates and times. This position can be found in may different fields, such as biotechnology, utility companies, hospitals, medical device companies, large-scale food operations, and aerospace systems.
A management background is a must for materials manager. Previous experience in shipping and receiving, logistics, and inventory control are also required. A working knowledge of the business' industry also is a huge plus.
Materials Manager Tasks
- Manage supplier relationships, lead negotiations, and track quality, price, and delivery metrics.
- Modify processes and procedures for shipping, receiving, transport, and inventory control to reduce waste and increase throughput.
- Document and analyze all materials quality, movement, and use.
- Maintain inventory accuracy and turnover to allow production.
- Ensure that inventory is available and distributed across the organization to meet performance goals.
Common Career Paths for Materials Manager
As Materials Managers transition into upper-level roles such as Director of Supply Chain Management, they may see a strong upturn in salary. Directors of Supply Chain Management earn $122K on average per year. A Supply Chain Manager role is the most common promotion for Materials Managers moving up the ladder, and pay for the position tends to be around the $82K mark. Another typical, albeit less common, transition for Materials Managers is a Purchasing Manager position, where earnings are usually $61K.
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Popular Employer Salaries for Materials Manager
Parker Hannifin Corp, Select Medical Corporation, Johnson Controls Inc, Amazon.com Inc, and Raytheon Co. are leaders in the field that employ a large number of Materials Managers. Heading up the field in terms of compensation, Johnson Controls Inc offers the most; Materials Managers earn $101K on average there.
Popular Skills for Materials Manager
Survey results imply that Materials Managers deploy a substantial tool kit of skills at work. Most notably, facility with Operations Management, Forecasting, and SAP Materials Management (SAP MM) are correlated to pay that is significantly above average, leading to increases of 48 percent, 28 percent, and 21 percent, respectively. Skills that seem to negatively impact pay include Microsoft Excel. Those educated in Inventory Management tend to be well versed in Supply Chain.
Pay by Experience Level for Materials Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Materials Managers with a lot of experience tend to enjoy higher earnings. Although individuals who have less than five years' experience earn $54K on average, people with five to 10 years benefit from a notably larger average of $69K. After working for 10 to 20 years, Materials Managers make a median salary of $78K. 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 $81K.
Pay Difference by Location
For Materials Managers, busy Chicago offers a higher-than-average pay rate, 31 percent above the national average. Materials Managers will also find cushy salaries in Los Angeles (+26 percent), Cleveland (+21 percent), Minneapolis (+19 percent), and Charlotte (+13 percent). Location significantly influences compensation, with Denver Materials Managers earning much less — 23 percent less — than the national average. A couple other locations with smaller-than-average paychecks include Phoenix (23 percent lower) and New York (22 percent lower).
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