Vice President (VP), Supply Chain Management Salary
Job Description for Vice President (VP), Supply Chain Management
Vice presidents (VPs) of supply chain management are responsible for managing all crucial aspects of the supply chain processes in their company. They are in charge of overseeing their correct functioning and motivating a group of individuals to achieve company goals in a timely manner. They interact with vendors, find innovative solutions to supply chain issues, and report their progress to the supply chain president or supervisor in their department. In all tasks, vice presidents of supply chain management must follow strict regulations regarding supply chain processes and strive to minimize use of company resources while maximizing profitability.Read More...
Vice presidents of supply chain management coordinate regulatory compliance, as well as conduct product planning. They analyze business data and make key decisions based on their observations and experience. Their main functions also include performing inventory management, managing transportation costs and routes, making decisions on warehousing and distribution methods, and developing strong business relationships with vendors.
A bachelor's degree in supply chain management, business administration, logistics, or a related field is required for this job. Previous experience in supply chain management is generally required or preferred, and leadership certifications may be a plus. Vice presidents of supply chain management must possess strong interpersonal skills, excellent attention to detail, and strong analytical skills. They must be results-driven individuals that are proficient in creating and monitoring cost-reduction initiatives. These professionals work in a fast-paced environment that requires quick thinking and effective multitasking.
Vice President (VP), Supply Chain Management Tasks
- Maintain compliance and minimize company risk in regards to environment, health, and safety (EH&S).
- Develop supply chain management best practices in areas such as systems integration and optimization, inventory control, and demand planning.
- Develop company supply chain strategy that meets company performance objectives and customer expectations.
- Optimize routines to ensure delivery of supplies and improve supply chain metrics in terms of cost and service.
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Popular Skills for Vice President (VP), Supply Chain Management
Survey results suggest that VPs of Supply Chain Management put a wide range of professional skills to use. Fortunate workers who know Operations Management can expect a significant pay bump, scoring salaries 22 percent above average. Skills that seem to negatively impact pay include Inventory Management and Contract Negotiation. Most people skilled in Logistics are similarly competent in Contract Negotiation.
Pay by Experience Level for Vice President (VP), Supply Chain Management
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and pay tend to be weakly linked for VPs of Supply Chain Management — those with more experience do not necessarily bring in higher earnings. Salaries of relatively inexperienced workers fall in the neighborhood of $128K, but folks who have racked up five to 10 years see a notably higher median of $156K. VPs of Supply Chain Management with one to two decades of relevant experience report an average salary of approximately $180K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $189K.
Pay Difference by Location
With a pay rate for VPs of Supply Chain Management that is 39 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. VPs of Supply Chain Management can also look forward to large paychecks in cities like Houston (+19 percent), San Diego (+18 percent), Chicago (+13 percent), and New York (+13 percent). In Boston, salaries are 14 percent below the national average and represent the lowest-paying market. Indianapolis and Atlanta are a couple other places where companies are known to pay below the median — salaries are 14 percent lower and 3 percent lower, respectively.