A Procurement Manager earns an average salary of $79,296 per year. The highest paying skills associated with this job are Supplier Management and Contract Negotiation.
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$49,666 - $118,501
(Median)
$50K
$79K
$120K
MEDIAN: $79,296
10%
50%
90%

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$15.00 - $47.67
(Median)
$15
$25
$48
MEDIAN: $24.00
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$50K$100K$150K
Salary
$49,666 - $118,501  
   
Bonus
$980 - $18,165  
Profit Sharing
$0.00 - $15,547  
Commission
$2,400  
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).
)
$48,766 - $124,944  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 1,216
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$25$50$75
Hourly Rate
$15.00 - $47.67  
   
Hourly Tips
$0.17  
Overtime
$22.05 - $57.93  
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$50K$100K$150K
Bonus
$980 - $18,165  
   
Commission
$2,400  
Profit Sharing
$0.00 - $15,547  
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).
)
$48,766 - $124,944  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 80
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Job Description for Procurement Manager

A procurement manager is the primary point of contact between a business and its suppliers. Using superb analytical skills, a procurement manager identifies potential suppliers, screens them, and negotiates favorable payment terms with selected suppliers. After formalizing the supply contract with the aid of legal professionals, the procurement manager then monitors supplier performance to ensure contractual obligations are met and to help make the supply procurement process as cost-effective and efficient as possible.

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Procurement Manager Tasks

  • Prepare and process purchase orders and purchase requisitions, and maintain documentation of the acquisition of goods.
  • Manage staff and vendors for timely arrival of products and goods.
  • Manage flow of goods and supplies for optimum production, analyzing and adapting internal policies.
  • Negotiate contracts, policies and deadlines with suppliers and vendors.
  • Monitor prices by product and vendor to predict and account for financial fluctuations.

Common Career Paths for Procurement Manager


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Procurement Manager Job Listings

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Popular Employer Salaries for Procurement Manager

Popular Skills for Procurement Manager

Pay by Experience Level for Procurement Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Pay Difference by Location

National Average: $80,734

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

Related Job Salaries

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Experience Affects Procurement Manager Salaries




National Average
$81,000


Skills That Affect Procurement Manager Salaries




Sourcing
up arrow 9%


Project Management
up arrow 4%

Procurement
0%

National Average
$81,000

Supply Chain
up arrow 3%



Logistics
up arrow 15%

Purchasing
up arrow 40%

Microsoft Excel
up arrow 41%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 177 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
2%
1-4 years
22%
5-9 years
29%
10-19 years
30%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 80%
medical benefits
Vision: 70%
dental benefits
None: 9%
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