Procurement Manager with Sourcing Skills Salary (United Arab Emirates)
The average salary for a Procurement Manager with Sourcing skills is AED 243,828 per year.
|Range||AED 0AED 538K|
|Salary||AED 93,777 - AED 468,962|
|Bonus||AED 974 - AED 150,668|
|Profit Sharing||AED 10.00|
|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).)
|AED 95,489 - AED 538,568|
Job Description for Procurement Manager
A procurement manager is the primary point of contact between a business and its suppliers. Using superb analytical skills, a procurement manager identifies potential suppliers, screens them, and negotiates favorable payment terms with selected suppliers. After formalizing the supply contract with the aid of legal professionals, the procurement manager then monitors supplier performance to ensure contractual obligations are met and to help make the supply procurement process as cost-effective and efficient as possible.Read More...
Aside from dealing with external suppliers, a procurement manager also works with managers, engineers, and executives within the company to engage in capital projects. By being involved early in the process, a procurement manager can ensure essential supplies are procured. Furthermore, a procurement manager monitors changes in the industry and develops forecasts to determine appropriate budgets. These forecasts are used to to develop comprehensive strategies to further the company's operational goals.
Due to the technical and analytic nature of the position, a procurement manager often has at least a bachelor's degree in a technical discipline. Also, a procurement manager will often have certification as a professional in supply management (CPSM) or will be a certified purchasing manager (CPM). A procurement manager also must be an excellent negotiator with in-depth knowledge of supply chain structures. Finally, a procurement manager must be able to effectively communicate with all levels of a business, and reconcile differences in understanding and vision. An effective procurement manager must be able to use diplomacy to keep various groups within a company on the same page and working towards the same goals. (Copyright 2018 PayScale.com)
Procurement Manager Tasks
- Negotiate contracts, policies and deadlines with suppliers and vendors.
- Monitor prices by product and vendor to predict and account for financial fluctuations.
- Manage flow of goods and supplies for optimum production, analyzing and adapting internal policies.
- Prepare and process purchase orders and purchase requisitions, and maintain documentation of the acquisition of goods.
- Manage staff and vendors for timely arrival of products and goods.
Procurement Manager Job Listings
Pay by Experience Level for Procurement Manager
Pay by Experience for a Procurement Manager has a positive trend. An entry-level Procurement Manager with less than 5 years of experience can expect to earn an average total compensation of AED 150,000 based on 20 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Procurement Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of AED 247,000 based on 62 salaries. An experienced Procurement Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of AED 268,000 based on 55 salaries. A Procurement Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of AED 300,000 based on 15 salaries.
Pay Difference by Location
Key Stats for Procurement Manager
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