Purchasing Director Salary
Purchasing Directors in the United States tend to have a good amount of experience under their belt — roughly two in three have more than 10 years in the field. While pay runs from $48K to $151K per year, median earnings come to $89K annually. Total cash earnings of Purchasing Directors range from $48K on the low end to $151K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $29K and $19K, respectively. Geography is the biggest factor affecting pay for this group, followed by tenure. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Most Purchasing Directors like their work and job satisfaction is high. Men account for the majority of Purchasing Directors who responded to the questionnaire — 65 percent to be exact. The data for this synopsis comes from respondents who took the PayScale salary survey.
|Salary||$51,614 - $135,354|
|Bonus||$1,184 - $28,844|
|Profit Sharing||$-0.50 - $19,489|
|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).)
|$47,524 - $150,972|
|Hourly Rate||$13.70 - $27.68|
|Bonus||$1,184 - $28,844|
|Profit Sharing||$-0.50 - $19,489|
|Total Pay (||$47,524 - $150,972|
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.
Common Career Paths for Purchasing Director
Though some Purchasing Directors move into positions like VP of Operations (where the average salary is $123K), this progression is not the norm. Typical career progression for a Purchasing Director involves becoming a Director of Supply Chain Management or a Procurement Director, roles that pay $30K more and $24K more on average.
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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 45 percent, 25 percent, and 23 percent, respectively. Skills that pay less than market rate include Inventory Management and Purchasing. For most people, competency in Contract Negotiation indicates knowledge of Inventory Management.
Pay by Experience Level for Purchasing Director
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Salaries for the relatively untried average out to around $60K, but survey participants with five to 10 years of experience earn a significantly higher median of $88K. Between one and two decades on the job, average salaries pass the six-figure mark at around $102K. Respondents who boast more than 20 years of experience can't seem to boast paychecks reflecting that extensive experience, though; veteran Purchasing Directors report making only $101K on average.
Pay Difference by Location
Charlotte offers some of the highest pay in the country for Purchasing Directors, 44 percent above the national average. Purchasing Directors can also look forward to large paychecks in cities like New York (+23 percent), Cleveland (+21 percent), Chicago (+10 percent), and Philadelphia (+10 percent). One of the biggest compensable factors for Purchasing Directors is geography, with workers in Cincinnati earning a whopping 28 percent below the national average.
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Key Stats for Purchasing Director
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