HK$532,604
Avg. Salary
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The average pay for a Procurement Manager is HK$552,575 per year. Most people with this job move on to other positions after 20 years in this field.

HK$315,624 - HK$799,758
HK$320K
HK$530K
HK$800K
MEDIAN: HK$532,604
10%
50%
90%
HK$0HK$814K
Salary HK$315,624 - HK$799,758
Bonus HK$10,137 - HK$128,222
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).
)
HK$332,292 - HK$814,542
  • Country: Hong Kong
  • Currency: HKD
  • Updated: 15 Sep 2018
  • Individuals Reporting: 47

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.

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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 Difference by Location

National Average: HK$563,249

Larger city markers indicate a job is popular in that location.

Key Stats for Procurement Manager

Gender

Female
60 %
Male
40 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 2 votes.
1-4 years
17%
5-9 years
28%
10-19 years
49%
20 years or more
6%

Experience Affects Procurement Manager Salaries

▲9%

National Average
HK$563,000

▼12%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 2 votes.

Gender

Female
60 %
Male
40 %

Years of Experience

1-4 years
17%
5-9 years
28%
10-19 years
49%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 96%
dental benefits
Dental: 42%
vision benefits
Vision: 8%
no benefits
None: 4%