£38,521
Avg. Salary

Average additional compensation for this job:

Bonus

£3,549

Profit Sharing

£1,000

The average pay for a Procurement Manager is AU$96,795 per year.

£25,198 - £60,648
£25K
£39K
£61K
MEDIAN: £38,521
10%
50%
90%
£8.14 - £29.48
£15
MEDIAN: £15.38
50%
£0£65K
Salary £25,198 - £60,648
Bonus £912 - £9,739
Profit Sharing £0.00 - £10,500
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).
)
£25,138 - £65,570
  • Country: United Kingdom
  • Currency: GBP
  • Updated: 6 Oct 2018
  • Individuals Reporting: 515
Hourly Data £0£29
Hourly Rate £15.38
Overtime £16.12
Annual Data £0£65K
Bonus £912 - £9,739
Profit Sharing £0.00 - £10,500
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).
)
£25,138 - £65,570
  • Country: United States
  • Currency: GBP
  • Updated: 6 Oct 2018
  • Individuals Reporting: 8

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

Popular Skills for Procurement Manager

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 ₤34,000 based on 105 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 ₤41,000 based on 98 salaries. An experienced Procurement Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of ₤49,000 based on 87 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 ₤50,000 based on 35 salaries.

Pay Difference by Location

22%

National Average: £39,402

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

Related Job Salaries

Key Stats for Procurement Manager

Gender

Female
40 %
Male
60 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 15 votes.
Less than 1 year
2%
1-4 years
28%
5-9 years
28%
10-19 years
28%
20 years or more
13%

Experience Affects Procurement Manager Salaries

▲26%

▲24%

▲3%

National Average
₤39,000

▼13%

Skills That Affect Procurement Manager Salaries

Strategy
▲92%

People Management
▲71%


National Average
₤39,000

Procurement
▼1%

Project Management
▼1%


▼6%

Contract Management
▼15%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 15 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
2%
1-4 years
28%
5-9 years
28%
10-19 years
28%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 46%
dental benefits
Dental: 8%
vision benefits
Vision: 13%
no benefits
None: 48%