The average salary for a Procurement Manager in Hong Kong is HK$505,756.
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What Do Procurement Managers Do?
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 an…Read more
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
What Are Popular Skills for Procurement Managers?
Skills in Contract Negotiation are correlated to pay that is above average. Skills that pay less than market rate include Inventory Management, Negotiation, Supplier Management and Procurement.
What is the Pay by Experience Level for Procurement Managers?
An early career Procurement Manager with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of HK$379,737 based on 6 salaries. A mid-career Procurement Manager with 5-9 years of experience earns an average total compensation of HK$472,078 based on 19 salaries. An experienced Procurement Manager with 10-19 years of experience earns an average total compensation of HK$520,425 based on 22 salaries. In their late career (20 years and higher), employees earn an average total compensation of HK$589,831.
Years of Experience
This data is based on 53 survey responses.