The average salary for a Procurement Manager is $81,686.
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What Do Procurement Managers Do?
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.
Job Satisfaction for Procurement Manager
Popular Employer Salaries for Procurement Manager
The top respondents for the job title Procurement Manager are from the companies Estee Lauder Companies Inc, DPI Specialty Foods and The Boeing Company. Reported salaries are highest at The Boeing Company where the average pay is $107,440. Other companies that offer high salaries for this role include Lockheed Martin Corp and Estee Lauder Companies Inc, earning around $90,100 and $81,389, respectively. NBBJ pays the lowest at around $48,446. CMA CGM and DPI Specialty Foods also pay on the lower end of the scale, paying $65,640 and $77,419, respectively.
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Senior Procurement Manager
Somewhat common (8 - 20%)
Procurement Manager Job Listings
What Are Popular Skills for Procurement Managers?
Skills in Supplier Management, Contract Negotiation, Negotiation and Contract Management are correlated to pay that is above average. Skills that pay less than market rate include Procurement.
What is the Pay by Experience Level for Procurement Managers?
An entry-level Procurement Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $58,530 based on 41 salaries. An early career Procurement Manager with 1-4 years of experience earns an average total compensation of $70,406 based on 516 salaries. A mid-career Procurement Manager with 5-9 years of experience earns an average total compensation of $81,978 based on 597 salaries. An experienced Procurement Manager with 10-19 years of experience earns an average total compensation of $88,729 based on 727 salaries. In their late career (20 years and higher), employees earn an average total compensation of $92,370.
Pay Difference by Location
Employees with Procurement Manager in their job title in San Francisco, California earn an average of 20.5% more than the national average. These job titles also find higher than average salaries in Houston, Texas (19.8% more) and Chicago, Illinois (12.6% more).
Years of Experience
This data is based on 2,303 survey responses.