Inventory / Purchasing Manager Salary

Earnings for Purchasing Managers in the United States come in at around $52K annually on average. With some bonuses approaching $10K and certain profit sharing proceeds approaching $6K, overall incomes of Purchasing Managers spread between $31K and $75K depending on individual performance. Residence is the biggest factor affecting pay for this group, followed by years of experience. Health benefits are not enjoyed by everyone in this line of work, and just under a fourth lack any coverage at all. Medical benefits are reported by a strong majority and dental coverage is claimed by the larger part. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 53 percent. Most Purchasing Managers like their work and job satisfaction is high. The data in this summary comes from the PayScale salary survey.

$35,945 - $78,460
$36K
$51K
$78K
MEDIAN: $51,311
10%
50%
90%

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$12.78 - $23.51
$13
$18
$24
MEDIAN: $17.71
10%
50%
90%

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$0$78K
Salary $35,945 - $78,460
Bonus $102 - $9,949
Profit Sharing $0.00 - $5,872
Commission $6,498
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).
)
$31,868 - $75,109
  • Country: United States
  • Currency: USD
  • Updated: 18 Nov 2017
  • Individuals Reporting: 439
Hourly Data $0$33
Hourly Rate $12.78 - $23.51
Hourly Tips $1.64
Overtime $18.71 - $33.78
Annual Data $0$75K
Bonus $102 - $9,949
Commission $6,498
Profit Sharing $0.00 - $5,872
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).
)
$31,868 - $75,109
  • Country: United States
  • Currency: USD
  • Updated: 18 Nov 2017
  • Individuals Reporting: 216

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.

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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.

Common Career Paths for Inventory / Purchasing Manager


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Though not the most common occurrence, Purchasing Managers sometimes become Directors of Supply Chain Management, where the average income is $122K per year. Becoming an Operations Manager is, more often than not, the most common role that Purchasing Managers move into when they're ready for the next step in their career. The average salary for the position is $59K. Another frequent advance is for Purchasing Managers to assume an Inventory Control Manager role; in this role, workers often earn $45K.

Inventory / Purchasing Manager Job Listings

Popular Skills for Inventory / Purchasing Manager


Survey participants wield an impressively varied skill set on the job. Most notably, facility with Procurement, Project Management, and Forecasting are correlated to pay that is significantly above average, leading to increases of 82 percent, 35 percent, and 24 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Purchasing, Order Inventory, and Inventory Control. It is often found that people who know Inventory Control are also skilled in Microsoft Excel and Materials Requirement Planning (MRP).

Pay by Experience Level for Inventory / Purchasing Manager

Pay by Experience for an Inventory / Purchasing Manager has a positive trend. An entry-level Inventory / Purchasing Manager with less than 5 years of experience can expect to earn an average total compensation of $41,000 based on 247 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Inventory / Purchasing Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $49,000 based on 195 salaries. An experienced Inventory / Purchasing Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $53,000 based on 193 salaries. An Inventory / Purchasing Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $54,000 based on 109 salaries.

Pay Difference by Location

National Average: $47,430

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

Purchasing Managers will find that Atlanta offers an impressive pay rate, one which exceeds the national average by 62 percent. Purchasing Managers can also look forward to large paychecks in cities like San Francisco (+54 percent), Tampa (+31 percent), Denver (+18 percent), and New York (+18 percent). Location is a huge contributor to overall pay, with Purchasing Managers in San Diego earning a whopping 26 percent below the national average. Employers in Seattle and Pittsburgh also lean toward paying below-median salaries (10 percent lower and 9 percent lower, respectively).

Inventory / Purchasing Manager Reviews

Q: What is it like working as an Inventory / Purchasing Manager?

Inventory / Purchasing Manager in 62521:
"Loven It."
Pros: I love my job. I wear more then one hat and its all about working and organizing numbers.
Cons: Insecurity of a new company making it.

Inventory / Purchasing Manager in Richmond:
Pros: The people that I work with. Learning about a new industry.
Cons: Constant addition of duties without extra compensation. The feeling of being set up to fail.

Inventory / Purchasing Manager in Reno:
"Great."
Pros: I love the challenge. The ability to use my brain and purchase inventory to keep the business going. I feel important in my position.
Cons: How hectic the job requirements tend to be.

Related Job Salaries

Key Stats for Inventory / Purchasing Manager

Gender

Female
53 %
Male
48 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 164 votes.
Less than 1 year
1%
1-4 years
30%
5-9 years
26%
10-19 years
24%
20 years or more
18%

Experience Affects Inventory / Purchasing Manager Salaries

▲13%

▲12%

▲4%

National Average
$47,000

▼14%

Skills That Affect Inventory / Purchasing Manager Salaries

Procurement
▲84%

Project Management
▲37%

Forecasting
▲25%


▲5%


Microsoft Excel
▼0%

National Average
$47,000




▼10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 164 votes.

Gender

Female
53 %
Male
48 %

Years of Experience

Less than 1 year
1%
1-4 years
30%
5-9 years
26%
10-19 years
24%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 76%
dental benefits
Dental: 57%
vision benefits
Vision: 46%
no benefits
None: 22%