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Vice President (VP), Procurement Salary

A Vice President (VP), Procurement earns an average salary of $142,947 per year. Most people in this job have more than five years' experience in related jobs.

$85,737 - $217,259
(Median)
$86K
$140K
$220K
MEDIAN: $142,947
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$100K$200K$300K
Salary
$85,737 - $217,259  
   
Bonus
$9,836 - $68,489  
Profit Sharing
$50.00 - $50,000  
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).
)
$91,483 - $272,635  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 206

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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 15%

Experienced
0%

National Average
$164,000

Mid-Career
up arrow 28%

Skills That Affect Vice President (VP), Procurement Salaries


National Average
$164,000


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.

Gender

Female
24 %
Male
76 %

Years of Experience

1-4 years
3%
5-9 years
7%
10-19 years
41%
20 years or more
49%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 83%
vision benefits Vision: 66% employee benefits None: 5%