The average pay for a Procurement Director is $30.34 per hour.
The average pay for a Procurement Director is $121,778 per year.
Job Description for Procurement Director
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.
Read More...Common Career Paths for Procurement Director
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Many Procurement Directors move into a VP of Procurement role, and folks who currently hold that position report a much higher median income of $155K per year. Procurement Directors most frequently become Directors of Supply Chain Management and Purchasing Directors even though median compensation is $7K lower and $44K lower, respectively.
Procurement Director Job Listings
Popular Skills for Procurement Director
Procurement Directors report using a deep pool of skills on the job. Most notably, facility with Supplier Management, Sourcing, and Strategic Planning are correlated to pay that is significantly above average, leading to increases of 26 percent, 25 percent, and 7 percent, respectively. Those listing Contract Management as a skill should be prepared for drastically lower pay. Windows NT / 2000 / XP Networking and Microsoft Office also typically command lower compensation. Those familiar with Contract Negotiation also tend to know Microsoft Office and Microsoft Word.
Pay by Experience Level for Procurement Director
Pay by Experience for a Procurement Director has a positive trend. An entry-level Procurement Director with less than 5 years of experience can expect to earn an average total compensation of $82,000 based on 35 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Procurement Director with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $112,000 based on 102 salaries. An experienced Procurement Director which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $140,000 based on 236 salaries. A Procurement Director with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $145,000 based on 134 salaries.
Pay Difference by Location
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).
Procurement Director Reviews
Related Job Salaries
Key Stats for Procurement Director
Gender
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Female
35 % |
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Male
65 % |
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Job Satisfaction
| Extremely satisfied |
Rated 5 out of 5 based on 136 votes. |
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