Inventory / Purchasing Manager Salary (Australia)
The average pay for an Inventory / Purchasing Manager is AU$70,499 per year. Most people move on to other jobs if they have more than 20 years' experience in this field. A skill in Inventory Management is associated with high pay for this job.
|Salary||AU$51,064 - AU$104,050|
|Bonus||AU$0.00 - AU$21,816|
|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).)
|AU$50,348 - AU$105,060|
Job Description for Inventory / Purchasing Manager
An inventory or purchasing manager is a supervisor that is responsible for managing the inventory for their organization. They are responsible for buying supplies, materials, and parts for the job they are tasked to complete. The purchasing they oversee may be routine, it may change frequently, or it may involve a mix of both. Depending on the employer, the inventory or purchasing manager may work with a team (in which they ensure that the inventory and purchasing needs of the company are met) or they may perform this work independently.Read More...
An inventory manager also handles the management of supplies, products, goods, materials, and parts for their company. They may work on in-house inventory monitoring and management or on a good-sold or -rented basis. They may also do a combination of both. Frequently, an inventory manager has one or more inventory clerks working for them.
Typically an inventory manager or a purchasing manager has a bachelor's degree in a field such as business, mathematics, or inventory management. Prior working experience may be substituted depending on the employer, in conjunction with an associate's degree or high school diploma (or equivalent). A purchasing manager must build good relationships with the vendors with whom they work. Additionally, they often work with a variety of internal departments, such as accounting, shipping and receiving, and credit. The purchasing manager must also have good negotiating and communication skills; organizational skills are also fundamental for an inventory/purchasing manager. (Copyright 2018 PayScale.com)
Inventory / Purchasing Manager Tasks
- Manage and direct employees involved in the buying, selling or distributions aspects of a company.
- Analyze and implement purchasing processes and delivery systems.
- Negotiate purchasing contracts and policies with respective suppliers.
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