Procurement Director Salary

Procurement directors generally are upper-level managers that are part of the logistics of planning departments. They are typically responsible for overseeing the purchasing, logistics, and operations staff, ensuring that all departmental employees are providing excellent quality of work and meeting all company standards. Procurement directors provides leadership to supply chain and operations employees, as well as ensure all purchasing requests are completed in an efficient manner. The procurement director is also responsible for establishing approval guidelines for all purchase orders and ensuring all purchases are approved by the proper individuals. Additionally, procurement directors are responsible for cost-reduction initiatives, inventory management, and material budgets. The procurement director also provides analysis on all corporate suppliers. These directors work in a wide variety of industries, but these positions are most often found in manufacturing and engineering companies that do a high level of intricate purchasing.

Procurement directors work with a wide variety of professionals within their organization, including engineers, project managers, sales representatives, production workers, accounting and finance employees, and administrative workers. Additionally, they communicate extensively without outside suppliers. A procurement director usually works full time in an office setting and reports directly to the chief financial officer (CFO) of an organization.

Procurement director jobs generally require at least a bachelor's degree in a relevant field and a minimum of 10 years' related experience, including five years prior management experience. Excellent organizational and multitasking skills are also required. They must have extensive experience in their field and possess the ability to lead and direct the work of other team members. (Copyright 2017 PayScale.com)

Procurement Director Tasks

• Plan and direct policies and procedures for the purchasing of an organization's goods and services.
• Maintain updated knowledge of market status and current rates for goods and services.
• Review, analyze and monitor quotes and bids, negotiate contracts and service agreements.
• Oversee purchasing sources for services, equipment and supplies.

For Procurement Directors, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Procurement Directors can also look forward to large paychecks in cities like Chicago (+30 percent), New York (+24 percent), Boston (+24 percent), and Houston (+22 percent). Location is a huge contributor to overall pay, with Procurement Directors in St. Louis earning a whopping 34 percent below the national average. Employers also pay below the national average in Cincinnati (12 percent lower) and Washington (8 percent lower).