Vice President (VP), Procurement Salary

A Vice President (VP), Procurement earns an average salary of $135,332 per year. A skill in Negotiation is associated with high pay for this job. Most people in this job have more than five years' experience in related jobs.

$85,663 - $207,484
(Median)
$86K
$140K
$210K
MEDIAN: $135,331
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$90K$180K$270K
Salary
$85,663 - $207,484  
   
Bonus
$9,804 - $65,917  
Profit Sharing
$-0.49 - $38,787  
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).
)
$90,660 - $265,325  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 185
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Job Description for Vice President (VP), Procurement

Vice presidents, procurement are usually in charge of procurement (purchasing) departments of any organization and report directly to the president of their organizations. Depending on the size of the company, they oversee lower-level managers who supervise procurement specialists, contract specialists, buyers, and their supervisors.

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Vice President (VP), Procurement Tasks

  • Direct efforts to improve supply chain efficiency, maintain product quality standards, and reduce costs.
  • Develop and carry out strategies, policies, and procedures for the procurement of supplies for the entire organization.
  • Lead the evaluation of suppliers and work to reduce vendor risk by developing scorecards and analyzing vendor performance.
  • Supervise and direct the work of strategic sourcing personnel.
  • Establish strong relationships vendors, facilitate communication, and work to ensure production and delivery targets are met.

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Experience Affects Vice President (VP), Procurement Salaries

Late-Career
up arrow 20%

National Average
$159,000

Experienced
up arrow 4%

Mid-Career
up arrow 31%

Skills That Affect Vice President (VP), Procurement Salaries


Contract Negotiation
up arrow 3%

National Average
$159,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 32 votes.

Gender

Female
25 %
Male
75 %

Years of Experience

1-4 years
3%
5-9 years
8%
10-19 years
36%
20 years or more
54%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 81%
vision benefits Vision: 70% employee benefits None: 6%
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