The average salary for a Procurement Manager in Hong Kong is HK$523,392.
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HK$316k - HK$811k
HK$10k - HK$133k
HK$316k - HK$852k
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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 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
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Popular Skills for Procurement Manager
Skills that pay less than market rate include Negotiation, Inventory Management, Supplier Management and Procurement.
Pay by Experience Level for Procurement Manager
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$488,590 based on 11 salaries. An experienced Procurement Manager with 10-19 years of experience earns an average total compensation of HK$559,286 based on 17 salaries.
Years of Experience
This data is based on 34 survey responses.
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