The average salary for a Procurement Manager is $81,105.
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$51k - $118k
$1k - $18k
$2k - $12k
$2k - $29k
$49k - $126k
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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 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.
Popular Employer Salaries for Procurement Manager
The top respondents for the job title Procurement Manager are from the companies The Boeing Company, NBBJ and CMA CGM. Reported salaries are highest at The Boeing Company where the average pay is $102,887. Other companies that offer high salaries for this role include IAP Worldwide Services, Inc. and Eastman Chemical Co, earning around $101,736 and $95,000, respectively. NBBJ pays the lowest at around $48,446. CMA CGM and Estee Lauder Companies Inc also pay on the lower end of the scale, paying $65,640 and $78,611, respectively.
Explore the most common career paths for Procurement Manager. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Procurement Manager Job Listings
Popular Skills for Procurement Manager
Skills in Contract Negotiation, Negotiation, Contract Management and Supplier Management are correlated to pay that is above average. Skills that pay less than market rate include Procurement.
Pay by Experience Level for Procurement Manager
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 $56,592 based on 47 salaries. An early career Procurement Manager with 1-4 years of experience earns an average total compensation of $68,510 based on 577 salaries. A mid-career Procurement Manager with 5-9 years of experience earns an average total compensation of $81,359 based on 686 salaries. An experienced Procurement Manager with 10-19 years of experience earns an average total compensation of $88,929 based on 794 salaries. In their late career (20 years and higher), employees earn an average total compensation of $93,524.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Procurement Manager in their job title in Houston, Texas earn an average of 16.9% more than the national average. These job titles also find higher than average salaries in Chicago, Illinois (11.9% more) and Los Angeles, California (9.6% more).
Years of Experience
This data is based on 2,581 survey responses.
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