Vice President (VP), Supply Chain Management Salary
|Salary||$114,249 - $224,451|
|Bonus||$11,836 - $73,244|
|Profit Sharing||$0.00 - $30,767|
|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).)
|$124,458 - $273,138|
Job Description for Vice President (VP), Supply Chain Management
Vice presidents (VPs) of supply chain management are responsible for managing all crucial aspects of the supply chain processes in their company. They are in charge of overseeing their correct functioning and motivating a group of individuals to achieve company goals in a timely manner. They interact with vendors, find innovative solutions to supply chain issues, and report their progress to the supply chain president or supervisor in their department. In all tasks, vice presidents of supply chain management must follow strict regulations regarding supply chain processes and strive to minimize use of company resources while maximizing profitability.Read More...
Vice presidents of supply chain management coordinate regulatory compliance, as well as conduct product planning. They analyze business data and make key decisions based on their observations and experience. Their main functions also include performing inventory management, managing transportation costs and routes, making decisions on warehousing and distribution methods, and developing strong business relationships with vendors.
A bachelor's degree in supply chain management, business administration, logistics, or a related field is required for this job. Previous experience in supply chain management is generally required or preferred, and leadership certifications may be a plus. Vice presidents of supply chain management must possess strong interpersonal skills, excellent attention to detail, and strong analytical skills. They must be results-driven individuals that are proficient in creating and monitoring cost-reduction initiatives. These professionals work in a fast-paced environment that requires quick thinking and effective multitasking. (Copyright 2017 PayScale.com)
Vice President (VP), Supply Chain Management Tasks
- Develop company supply chain strategy that meets company performance objectives and customer expectations.
- Optimize routines to ensure delivery of supplies and improve supply chain metrics in terms of cost and service.
- Maintain compliance and minimize company risk in regards to environment, health, and safety (EH&S).
- Develop supply chain management best practices in areas such as systems integration and optimization, inventory control, and demand planning.
Vice President (VP), Supply Chain Management Job Listings
Popular Skills for Vice President (VP), Supply Chain Management
VPs of Supply Chain Management report using a wide range of professional skills. Most notably, skills in Operations Management, Supply Chain, Inventory Management, and Strategic Planning are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Contract Negotiation, Logistics, and Strategic Planning. Those familiar with Logistics also tend to know Contract Negotiation.
Pay by Experience Level for Vice President (VP), Supply Chain Management
Pay by Experience for a Vice President (VP), Supply Chain Management has a positive trend. An entry-level Vice President (VP), Supply Chain Management with less than 5 years of experience can expect to earn an average total compensation of $134,000 based on 15 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Vice President (VP), Supply Chain Management with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $157,000 based on 39 salaries. An experienced Vice President (VP), Supply Chain Management which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $183,000 based on 140 salaries. A Vice President (VP), Supply Chain Management with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $188,000 based on 122 salaries.
Pay Difference by Location
For VPs of Supply Chain Management, San Francisco provides a pay rate that is 29 percent greater than the national average. VPs of Supply Chain Management will also find cushy salaries in Houston (+14 percent), Dallas (+13 percent), San Diego (+12 percent), and Chicago (+10 percent). Trailing the national average by 18 percent, Boston is the market with the smallest paychecks. Indianapolis and Atlanta are a couple other places where companies are known to pay below the median — salaries are 18 percent lower and 7 percent lower, respectively.
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