$80,143
Avg. Salary
$24.41
Avg. Hourly Rate

Average additional compensation:

$7,901

Bonus

$3,963

Profit Sharing

$6,500

Commission

What am I worth?
How should I pay?

The average pay for a Procurement Manager is $24.41 per hour.

The median Procurement Manager has a base pay of $80,143. Salaries generally range from $50k to $118k. The median bonus is $7,901. Skills that can affect salary include Procurement, Contract Negotiation, Negotiation, Contract Management, Inventory Management, Supply Chain, Project Management, Supplier Management, Data Analysis, Logistics, Purchasing, Microsoft Excel, Vendor Management, Operations Management, SAP Supply Chain Management (SAP SCM).
$15.07
10%
$24.41
50%
$47.19
90%
MEDIAN $24.41
$50k
10%
$80k
50%
$118k
90%
MEDIAN $80,143
$50,302 - $118,417
$50K
$80K
$120K
MEDIAN: $80,143
10%
50%
90%

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$15.07 - $47.19
$15
$24
$47
MEDIAN: $24.41
10%
50%
90%

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$0$125K
Salary $50,302 - $118,417
Bonus $1,035 - $18,130
Profit Sharing $0.00 - $13,702
Commission $2,349 - $25,532
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).
)
$49,134 - $125,960
  • Country: United States
  • Currency: USD
  • Updated: 9 Feb 2019
  • Individuals Reporting: 2,385
Hourly Data $0$53
Hourly Rate $15.07 - $47.19
Overtime $22.28 - $53.59
Annual Data $0$125K
Bonus $1,035 - $18,130
Commission $2,349 - $25,532
Profit Sharing $0.00 - $13,702
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).
)
$49,134 - $125,960
  • Country: United States
  • Currency: USD
  • Updated: 9 Feb 2019
  • Individuals Reporting: 161

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.

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.

Popular Employer Salaries for Procurement Manager


Although salaries only range from $105K to just $130K, The Boeing Company still offers the highest pay with a median paycheck of $115K.

Common Career Paths for Procurement Manager


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While Procurement Managers do not often become Directors of Supply Chain Management, the job pays $122K per year on average. Procurement Managers moving up in their careers tend to step into positions as Procurement Directors or Senior Strategic Sourcing Managers. The median paychecks in those roles are $33K higher and $22K higher, respectively.

Procurement Manager Job Listings

Popular Skills for Procurement Manager


Procurement Managers seem to wield many skills on the job. Most notably, skills in Contract Negotiation, Supplier Management, Contract Management, and Negotiation are correlated to pay that is above average, with boosts between 7 percent and 10 percent. Those listing Microsoft Excel as a skill should be prepared for drastically lower pay. Vendor Management and Purchasing also typically command lower compensation. People who know Procurement usually also know Negotiation, Contract Management, and Supply Chain. The majority of those who know Contract Negotiation also know Contract Management.

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 $66,000 based on 435 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 $83,000 based on 500 salaries. An experienced Procurement Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $92,000 based on 475 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 $97,000 based on 223 salaries.

Pay Difference by Location

National Average: $81,723

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

Procurement Managers will find that Houston offers an impressive pay rate, one which exceeds the national average by 24 percent. Procurement Managers can also look forward to large paychecks in cities like Washington (+17 percent), Chicago (+16 percent), Cincinnati (+15 percent), and New York (+10 percent). Procurement Managers in Tampa report much lower salaries than the rest of the country — 28 percent below the national average — proving that residence is a major factor in overall pay. Dallas and Seattle are a couple other places where companies are known to pay below the median — salaries are 15 percent lower and 10 percent lower, respectively.

Procurement Manager Reviews

Q: What is it like working as a Procurement Manager?

Procurement Manager in Lafayette:
"Family Man."
Pros: Great family atmosphere
Cons: Heat in the summer

Procurement Manager in Burnsville:
"Not Valued."
Requires thick skin as the owner does not value the employees and believes the talent and skills are in consultants.

Procurement Manager in Orlando:
"It's what and WHO you know."
Do not stay in a chair more than three years without asking for a rotation (stretch assignment) or applying for promotions both inside and outside your company. Move for the challenge and the money. You can no longer be sure you will be promoted. The tendency is to promote the youth rather than the experienced, regardless of the experienced workers contributions, creativity or experience.

Procurement Manager in Longmont:
"Education."
Understand the market you are in. Know how your suppliers/vendors work and use that data. Obtain all of the education that you can.

Procurement Manager in Hesperia:
"FTA Regulations."
Learn what you can about the Federal Requirements and Regulations.

Procurement Manager in Montréal:
"Stressful, challenging, large workload."
Pros: Negotiation, challenges, interaction with people.
Cons: Managing people.

Procurement Manager in Norcross:
"Great Company."
Pros: I am not micro managed. Flexibility. Meals on Mondays.
Cons: Not fairly bonused.

Related Job Salaries

Key Stats for Procurement Manager

Gender

Female
42 %
Male
58 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 416 votes.
Less than 1 year
2%
1-4 years
21%
5-9 years
27%
10-19 years
31%
20 years or more
18%

Experience Affects Procurement Manager Salaries

▲19%

▲13%

▲2%

National Average
$82,000

▼20%

Skills That Affect Procurement Manager Salaries




▲4%


Procurement
▼0%

▼0%

National Average
$82,000


Operations Management
▼7%


Logistics
▼14%

SAP Supply Chain Management (SAP SCM)
▼16%

Purchasing
▼20%

Vendor Management
▼28%

Microsoft Excel
▼34%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 416 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
2%
1-4 years
21%
5-9 years
27%
10-19 years
31%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 80%
vision benefits
Vision: 72%
no benefits
None: 10%