Purchasing Director Salary
Between two-thirds and three-fourths of Purchasing Directors in the United States have been in the field for more than 10 years. Pay can fall anywhere from $48K to $149K per year, but median earnings come to around $88K per year. With some bonuses approaching $29K and certain profit sharing proceeds approaching $19K, overall incomes of Purchasing Directors spread between $48K and $149K depending on individual performance. Residence and career length each impact pay for this group, with the former having the largest influence. There are more male Purchasing Directors than female among those who completed the questionnaire, making up 65 percent. Most Purchasing Directors report high levels of job satisfaction. A large number enjoy medical while the larger part get dental coverage. Vision coverage is also available to the greater part. The data in this summary comes from the PayScale salary survey.
Job Description for Purchasing Director
The purchasing director is typically responsible for overseeing their organization's purchasing, logistics, and operations staff. Their main objective is to ensure that all departmental employees are providing high-quality work and meeting all company standards. Purchasing directors provides leadership to supply chain and operations employees and ensure purchasing requests are completed in a timely, efficient manner. Purchasing directors are responsible for overseeing all aspects of the purchasing, logistics, and operations departments, as well as establishing guidelines for approving purchase orders. Additionally, purchasing directors must lead cost-reduction initiatives, inventory management, and materials budgets. They provide final analysis on corporate suppliers and perform continuous research to develop best practices within their departments. A purchasing director usually reports directly to the chief financial officer (CFO) of an organization.Read More...
Purchasing directors work in a variety of of industries, but these jobs are most often found in manufacturing and engineering companies that require a high level of intricate purchasing. The day-to-day responsibilities of a purchasing director vary by industry, but typically involve scheduling and managing all employees involved in purchasing and logistics functions. This is typically a full time position spent in an office setting and on the production floor; travel to vendor locations may be required.
Purchasing director positions typically require a bachelor's degree in a related field and a minimum of 10 years' experience (including five years of prior management experience). Excellent organizational and multitasking skills are required, as is the ability to lead and direct the work of other team members. Proficiency with basic computer software is also needed.
Purchasing Director Tasks
- Maintain inventory levels, planning when to make purchases and how to distribute goods.
- Hire, train, and supervise staff in charge of vendor transactions and inventory.
- Handle paperwork for purchase orders and keep records of inventory and transactions.
- Research vendors, determine which ones have the best services and prices, and negotiate contracts with vendors.
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Popular Skills for Purchasing Director
Survey results show that Purchasing Directors use a fair number of skills. Most notably, facility with Project Management, People Management, and Budget Management are correlated to pay that is significantly above average, leading to increases of 44 percent, 26 percent, and 19 percent, respectively. At the other end of the pay range are skills like Inventory Management, Purchasing, and Procurement. Most people skilled in Contract Negotiation are similarly competent in Inventory Management.
Pay by Experience Level for Purchasing Director
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Survey participants with less than five years' experience pocket $59K on average, but those with five to 10 years of experience enjoy a much bigger median of $89K. Experienced professionals — those with 10 to 20 years in the field — see salaries in the six-figure territory, securing around $102K on average. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $100K.
Pay Difference by Location
With a pay rate for Purchasing Directors that is 44 percent greater than the national average, Charlotte offers a comfortable salary for those in this profession. Purchasing Directors will also find cushy salaries in Cleveland (+35 percent), New York (+24 percent), Chicago (+13 percent), and Philadelphia (+10 percent). The lowest-paying market is Cincinnati, which sits 28 percent below the national average, proving that location is a significant contributor to overall pay.
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Key Stats for Purchasing Director
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