Purchasing Director Salary
Purchasing Directors who are practiced in their profession and carry more than 10 years of experience make up two in three of Purchasing Directors. Pay fluctuates from $50K to $152K per year, but expected earnings average $86K per year. Total cash earnings of Purchasing Directors range from $50K on the low end to $152K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $30K and $20K, respectively. Location and experience level each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. Men make up the majority of Purchasing Directors (62 percent) survey respondents. Medical benefits are awarded to a large number, and a fair number earn dental coverage. This snapshot results from replies to PayScale's salary survey.
|Salary||$53,415 - $139,730|
|Bonus||$1,032 - $30,567|
|Profit Sharing||$-0.49 - $19,271|
|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).)
|$49,579 - $157,739|
|Hourly Rate||$14.62 - $27.88|
|Bonus||$1,032 - $30,567|
|Profit Sharing||$-0.49 - $19,271|
|Total Pay (||$49,579 - $157,739|
Job Description for Purchasing Director
The purchasing director is typically responsible for overseeing their organization's purchasing, logistics, and operations staff. Their main objective is to ensure that all departmental employees are providing high-quality work and meeting all company standards. Purchasing directors provides leadership to supply chain and operations employees and ensure purchasing requests are completed in a timely, efficient manner. Purchasing directors are responsible for overseeing all aspects of the purchasing, logistics, and operations departments, as well as establishing guidelines for approving purchase orders. Additionally, purchasing directors must lead cost-reduction initiatives, inventory management, and materials budgets. They provide final analysis on corporate suppliers and perform continuous research to develop best practices within their departments. A purchasing director usually reports directly to the chief financial officer (CFO) of an organization.Read More...
Purchasing directors work in a variety of of industries, but these jobs are most often found in manufacturing and engineering companies that require a high level of intricate purchasing. The day-to-day responsibilities of a purchasing director vary by industry, but typically involve scheduling and managing all employees involved in purchasing and logistics functions. This is typically a full time position spent in an office setting and on the production floor; travel to vendor locations may be required.
Purchasing director positions typically require a bachelor's degree in a related field and a minimum of 10 years' experience (including five years of prior management experience). Excellent organizational and multitasking skills are required, as is the ability to lead and direct the work of other team members. Proficiency with basic computer software is also needed. (Copyright 2017 PayScale.com)
Purchasing Director Tasks
- Maintain inventory levels, planning when to make purchases and how to distribute goods.
- Hire, train, and supervise staff in charge of vendor transactions and inventory.
- Handle paperwork for purchase orders and keep records of inventory and transactions.
- Research vendors, determine which ones have the best services and prices, and negotiate contracts with vendors.
Common Career Paths for Purchasing Director
Though it's uncommon, some Purchasing Directors move into roles as VPs of Operations, where pay is an average $124K per year. Purchasing Directors typically move into roles as Directors of Supply Chain Management or Procurement Directors, and those positions pay $31K more and $26K more, respectively.
Purchasing Director Job Listings
Popular Skills for Purchasing Director
Survey results suggest that Purchasing Directors put a wide range of professional skills to use. Most notably, facility with Project Management, People Management, and Budget Management are correlated to pay that is significantly above average, leading to increases of 46 percent, 26 percent, and 24 percent, respectively. At the other end of the pay range are skills like Inventory Management and Purchasing. It is often found that people who know Contract Negotiation are also skilled in Inventory Management.
Pay by Experience Level for Purchasing Director
Pay by Experience for a Purchasing Director has a positive trend. An entry-level Purchasing Director with less than 5 years of experience can expect to earn an average total compensation of $60,000 based on 64 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Purchasing Director with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $88,000 based on 74 salaries. An experienced Purchasing Director which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $99,000 based on 134 salaries. A Purchasing Director with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $99,000 based on 96 salaries.
Pay Difference by Location
Home to some of the best pay for Purchasing Directors, Charlotte offers exceptional salaries, 45 percent above the national average. Purchasing Directors will also find cushy salaries in New York (+24 percent), Cleveland (+21 percent), Chicago (+11 percent), and Philadelphia (+10 percent). Purchasing Directors in Cincinnati make 28 percent less than the national average, proving that location is a major factor in pay.
Related Job Salaries
Key Stats for Purchasing Director
Rated 4 out of 5
based on 57 votes.