Procurement Manager Salary

A Procurement Manager earns an average salary of $78,311 per year. The highest paying skills associated with this job are Contract Management and Contract Negotiation.
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$48,291 - $120,628

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$15.10 - $47.00

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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
$48,291 - $120,628  
   
Bonus
$0.00 - $19,608  
Profit Sharing
$195.74 - $15,514  
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).
)
$46,251 - $129,410  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 1,552
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
$15.10 - $47.00  
   
Overtime
$21.24 - $57.94  
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
$0.00 - $19,608  
   
Profit Sharing
$195.74 - $15,514  
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).
)
$46,251 - $129,410  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 100
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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 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

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Experience Affects Procurement Manager Salaries



National Average
$80,000



Skills That Affect Procurement Manager Salaries






Procurement
0%

National Average
$80,000


Data Analysis
up arrow 16%

Purchasing
up arrow 23%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 282 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
1%
1-4 years
19%
5-9 years
27%
10-19 years
33%
20 years or more
20%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 81%
vision benefits Vision: 67% employee benefits None: 8%
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