The average salary for a Vice President (VP), Procurement is $150,583.
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Job Description for Vice President (VP), Procurement
Vice presidents, procurement are usually in charge of procurement (purchasing) departments of any organization and report directly to the president of their organizations. Depending on the size of the company, they oversee lower-level managers who supervise procurement specialists, contract specialists, buyers, and their supervisors. Procurement departments are very important to their business operations. Their departments employ buyers and specialists who procure supplies and materials nee…Read more
Vice President (VP), Procurement Tasks
- Supervise and direct the work of strategic sourcing personnel.
- Establish strong relationships vendors, facilitate communication, and work to ensure production and delivery targets are met.
- Lead the evaluation of suppliers and work to reduce vendor risk by developing scorecards and analyzing vendor performance.
- Direct efforts to improve supply chain efficiency, maintain product quality standards, and reduce costs.
- Develop and carry out strategies, policies, and procedures for the procurement of supplies for the entire organization.
Job Satisfaction for Vice President (VP), Procurement
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Popular Skills for Vice President (VP), Procurement
Skills that pay less than market rate include Sourcing, Leadership, Procurement, Negotiation and Contract Negotiation.
Pay by Experience Level for Vice President (VP), Procurement
An early career Vice President (VP), Procurement with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $101,736 based on 7 salaries. A mid-career Vice President (VP), Procurement with 5-9 years of experience earns an average total compensation of $118,097 based on 26 salaries. An experienced Vice President (VP), Procurement with 10-19 years of experience earns an average total compensation of $153,308 based on 85 salaries. In their late career (20 years and higher), employees earn an average total compensation of $158,061.
Pay Difference by Location
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Employees with Vice President (VP), Procurement in their job title in Chicago, Illinois earn an average of 16.2% more than the national average. These job titles also find higher than average salaries in Atlanta, Georgia (1.1% more). The lowest salaries can be found in Houston, Texas (32.2% less), New York, New York (4.1% less) and Rancho Cucamonga, California (0.4% less).
Years of Experience
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